It's quite astonishing how much money people make in the hedge fund business and in the private equity field, and how well-off affluent families really are.
Kenneth RogoffThe assertion that everyone benefits simultaneously from free trade is simply incorrect.
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 RogoffThere 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.
Kenneth Rogoff