Kenneth Rogoff
Kenneth Rogoff
Kenneth Saul "Ken" Rogoffis an American economist and chess Grandmaster. He is the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University...
average play perception
It comes as no surprise that average Americans have a different perception of the economy than (US President) George W. Bush and his friends. They can play around with statistics as much as they want, but it's clear that we have an unfair distribution of wealth.
country children men
I 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.
people fields affluent
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.
growth causes share
Workers are not being exploited. But if their share of growth doesn't increase, this could be a potential cause of social tension worldwide.
thinking crime taxes
I think that a lot of the money - these big bills - is used to facilitate tax evasion and crime.
thinking everyday mountain
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.
country player availability
... far more people make a living as professional chess players today than ever before. Thanks partly to the availability of computer programs and online matches, there has been a mini-boom in chess interest among young people in many countries.
book immigration illegal-immigration
If 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.
wages bigger elsewhere
Global markets have a much bigger effect on prices and wages in the U.S. and elsewhere than they did before.
taken technology usa
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
russia too-much way
Russia depends on natural resources way too much. Russian economy is not diversified enough
moving easy
Cash is very easy to hide. It's easy to hoard. It's easy to move, especially these large bills.
russia world economy
It is vital for Russia to normalize relations with the rest of the world. You shouldn't isolate your economy
russia economy global-economy
Russia exists in the context of open global economy and is a part of it