Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rick as what they are -- a simple upward redistribution of income, rather than a way to make all of us richer, as we were told.
Low inflation and government prudence may be harmful for economic development. - Ha-Joon Chang
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
The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.
Manufacturing is the most important...route to prosperity. - Ha-Joon Chang
Manufacturing is the most important...route to prosperity.
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
As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not pro…
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
Rich countries have 'kicked away the ladder' by forcing free-market, free-trade policies on poor countries. Already established countries do not want…
Culture changes with economic development. - Ha-Joon Chang
Culture changes with economic development.
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
Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them.
We are not smart enough to leave things to the market. - Ha-Joon Chang
We are not smart enough to leave things to the market.
The invention of the printing press was one of the most important events in human history. - Ha-Joon Chang
The invention of the printing press was one of the most important events in human history.
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