“Why is it so hard for the IMF and the U.S. government to understand th...” — Steve Hanke Quote

“Why is it so hard for the IMF and the U.S. government to understand that putting out the fire comes before fireproofing the building?”

“Sanctions historically are quite counterproductive in the sense that if you impose sanctions on your enemy, it tends to strengthen your enemy.”

“During the last two centuries, there have been many deflations throughout the world. Almost all of them have been good ones precipitated by technological innovation, rising productivity, global capital flows, and sustained economic growth. If farm mechanization cuts the price of wheat, you get a rising living standard. This is good.”

“I'm sure that the standard of public morality we've helped build will force government in Canada to approve complete health insurance.”

“The committee accepts that, as the government response suggests, U.K. policy in Libya was initially driven by a desire to protect civilians. However, we do not accept that it understood the implications of this, which included collapse of the state, failure of stabilization and the facilitation of Islamist extremism in Libya.”

“Government has no other end, but the preservation of property.”