Inspirational Quotes, Motivational Sayings, and Wise Words for Daily Inspiration

really-serious-another-crisis-like-2008-meltdown-simply-complex-financial

If we are really serious about preventing another crisis like the 2008 meltdown we should simply ban complex financial instruments, unless they can be unambiguously shown to benefit society in the long run. This is what we do all the time with other products-drugs, cars, electrical products and many others.

Ha-Joon Chang's Popular Quotes

Low inflation and government prudence may be harmful for economic development.

- Ha-Joon Chang

The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.

- Ha-Joon Chang

Manufacturing is the most important...route to prosperity.

- Ha-Joon Chang

Rich countries have 'kicked away the ladder' by forcing free-market, free-trade policies on poor countries. Already established countries do not want…

- Ha-Joon Chang

As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not pro…

- Ha-Joon Chang

Culture changes with economic development.

- Ha-Joon Chang

We are not smart enough to leave things to the market.

- Ha-Joon Chang

Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them.

- Ha-Joon Chang

The invention of the printing press was one of the most important events in human history.

- Ha-Joon Chang