Kenneth Rogoff Quotes

People aren't looking at how they're doing, but rather at how their neighbors are doing and at their own place in society.

The problem - at least in the United States - is not that people can't find jobs. The problem is that they're no longer finding jobs that provide them with dignity and decent social status.

Today, chess programs have become so good that even grandmasters sometimes struggle to understand the logic behind some of their moves.

I don't think it's time yet to eliminate cash, but I propose having a less-cash society, not a cashless one.

I tell my children that a man like Bill Gates has a personal fortune of $100 billion. They can't even comprehend that. Then I explain that he has more money than some countries.

I think that a lot of the money - these big bills - is used to facilitate tax evasion and crime.

We all use cash in our everyday life, but we don't use hundred-dollar bills. We're not using 500-euro notes. And yet these account for mountains of cash out there. I think they're being used in tax evasion and by criminals of all types.

Worrying about inflation now is like worrying about the measles when you might get the plague.

Unbridled capitalism will lead to some very real problems.

Marx's theory that only capitalists benefit from capitalism and workers are exploited was completely wrong. Nothing could have been further from the truth. Workers earned more as economies grew.

Workers are not being exploited. But if their share of growth doesn't increase, this could be a potential cause of social tension worldwide.

Cash is very easy to hide. It's easy to hoard. It's easy to move, especially these large bills.

There has been a noticeable decline in the labor factor in all wealthy countries in the past 20 years. The rich are getting richer, but those at the lower end aren't moving ahead as quickly as the capitalists.

The assertion that everyone benefits simultaneously from free trade is simply incorrect.