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.

If you didn't have employers able to pay off the books and off the record safely in cash, you wouldn't have illegal immigration on nearly the scale that we do.

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

We're not just going to see mid-sized banks go under in the next few months, we're going to see a whopper.

Russia exists in the context of open global economy and is a part of it

Why 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

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