There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better." - Meaning and context.">
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Ch. 7, There is inflation and there is inflation, p. 150
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There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better.

— Ha-Joon Chang

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better." in the context of "Ch. 7, There is inflation and there is inflation, p. 150" to mean that wisdom is timeless.

Source: Wikiquote: "Ha-Joon Chang" (Quotes, Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)) The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app

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#Ha-Joon Chang#hyperinflation#acknowledging#destructive#inflation#logical#between#arguing#nature#better#lower#jump
Ha-Joon Chang

About Ha-Joon Chang

Ha-Joon Chang (Hangul: 장하준; hanja: 張夏准; born 7 October 1963) is a South Korean institutional economist specialising in development economics. Currently a reader in the Political Economy of Development at the University of Cambridge, Chang is the author of several widely discussed policy books, most notably Kicking Away the Ladder: Development Strategy in Historical Perspective (2002). In 2013 Prospect magazine ranked Chang as one of the top 20 World Thinkers.