We all use cash in our everyday life, but we don't use hundred-dollar bills. We're not using 500-euro notes. And yet these account for mountains of cash out there. I think they're being used in tax evasion and by criminals of all types.
Kenneth RogoffThe assertion that everyone benefits simultaneously from free trade is simply incorrect.
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 RogoffWorrying about inflation now is like worrying about the measles when you might get the plague.
Kenneth Rogoff