I think that a lot of the money - these big bills - is used to facilitate tax evasion and crime.
Kenneth RogoffUnbridled capitalism in the United States can't be sustained socially. It leads to tensions.
Kenneth RogoffMarx'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.
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 Rogoff