People aren't looking at how they're doing, but rather at how their neighbors are doing and at their own place in society.
Kenneth RogoffRussia depends on natural resources way too much. Russian economy is not diversified enough
Kenneth RogoffI 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 RogoffCash is very easy to hide. It's easy to hoard. It's easy to move, especially these large bills.
Kenneth Rogoff