Worrying about inflation now is like worrying about the measles when you might get the plague.
Kenneth RogoffPeople aren't looking at how they're doing, but rather at how their neighbors are doing and at their own place in society.
Kenneth RogoffThe Indians and Chinese have become brilliant chess professionals. They get on a plane and play all over the world. This has led to dramatic pressure on incomes. Nowadays, the best chess player in Argentina can no longer make a living playing chess.
Kenneth RogoffI think that a lot of the money - these big bills - is used to facilitate tax evasion and crime.
Kenneth Rogoff