The assertion that everyone benefits simultaneously from free trade is simply incorrect.
Kenneth RogoffWhy are oil prices so low? First, energy consumption growth rates in developing markets have decreased. This is particularly noticeable in China. Second, new technologies are being developed and the shale gas revolution in the USA has taken place
Kenneth RogoffWorkers are not being exploited. But if their share of growth doesn't increase, this could be a potential cause of social tension worldwide.
Kenneth RogoffWe Americans are not about to stop borrowing as long as they give us money for nothing.
Kenneth Rogoff