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
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 RogoffCash is very easy to hide. It's easy to hoard. It's easy to move, especially these large bills.
Kenneth RogoffThe assertion that everyone benefits simultaneously from free trade is simply incorrect.
Kenneth Rogoff