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.
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 RogoffI think that a lot of the money - these big bills - is used to facilitate tax evasion and crime.
Kenneth RogoffWe Americans are not about to stop borrowing as long as they give us money for nothing.
Kenneth Rogoff