Latest Kenneth Rogoff Quotes from Interviews

• I don't think it's time yet to eliminate cash, but I propose having a less-cash society, not a cashless one.

  Kenneth Rogoff

  Thinking, Cash, Propose

  "'The Curse Of Cash' Makes Case For A World Without Paper Money". "All Things Considered" with Robert Siegel, www.npr.org. September 1, 2016.

• 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.

  Kenneth Rogoff

  Book, Records, Cash

  "'The Curse Of Cash' Makes Case For A World Without Paper Money". "All Things Considered" with Robert Siegel, www.npr.org. September 1, 2016.

• Cash is very easy to hide. It's easy to hoard. It's easy to move, especially these large bills.

  Kenneth Rogoff

  Moving, Cash, Bills

  "'The Curse Of Cash' Makes Case For A World Without Paper Money". "All Things Considered" with Robert Siegel, www.npr.org. September 1, 2016.

• I think that a lot of the money - these big bills - is used to facilitate tax evasion and crime.

  Kenneth Rogoff

  Thinking, Bills, Tax Evasion

  "'The Curse Of Cash' Makes Case For A World Without Paper Money". "All Things Considered" with Robert Siegel, www.npr.org. September 1, 2016.

• 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 Rogoff

  Thinking, Everyday, Mountain

  "'The Curse Of Cash' Makes Case For A World Without Paper Money". "All Things Considered" with Robert Siegel, www.npr.org. September 1, 2016.

• 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 Rogoff

  People, Neighbor

  Source: www.spiegel.de

• The Indians and Chinese have become brilliant chess professionals. They get on a plane and play all over the world. This has led to dramatic pressure on incomes. Nowadays, the best chess player in Argentina can no longer make a living playing chess.

  Kenneth Rogoff

  Player, Chinese, Argentina

  Source: www.spiegel.de

• 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.

  Kenneth Rogoff

  Country, Children, Men

  Source: www.spiegel.de

• Unbridled capitalism in the United States can't be sustained socially. It leads to tensions.

  Kenneth Rogoff

  United States, Tension, Capitalism

  Source: www.spiegel.de

• 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.

  Kenneth Rogoff

  Average, Play, Perception

  Source: www.spiegel.de

• 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 Rogoff

  People, Fields, Affluent

  Source: www.spiegel.de

• Workers are not being exploited. But if their share of growth doesn't increase, this could be a potential cause of social tension worldwide.

  Kenneth Rogoff

  Growth, Causes, Social

  Source: www.spiegel.de

• Unbridled capitalism will lead to some very real problems.

  Kenneth Rogoff

  Real, Problem, Capitalism

  Source: www.spiegel.de

• The problem - at least in the United States - is not that people can't find jobs. The problem is that they're no longer finding jobs that provide them with dignity and decent social status.

  Kenneth Rogoff

  Jobs, People, United States

  Source: www.spiegel.de

• The assertion that everyone benefits simultaneously from free trade is simply incorrect.

  Kenneth Rogoff

  Benefits, Trade, Free Trade

  Source: www.spiegel.de

• There 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

  Country, Moving, Past

  Source: www.spiegel.de

• Marx'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 Rogoff

  Benefits, Economy, Theory

  Source: www.spiegel.de

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