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 RogoffIt'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 RogoffWe Americans are not about to stop borrowing as long as they give us money for nothing.
Kenneth RogoffIf 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.
Kenneth Rogoff