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Kenneth Rogoff Biography

Kenneth Saul "Ken" Rogoff (born March 22, 1953) is an American economist and chess Grandmaster. He is the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University.

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Kenneth Rogoff Quotes

Worrying about inflation now is like worrying about the measles when you might get the plague.

Inflation, Measles, Might, Plague, Worry, Worrying

Unbridled capitalism will lead to some very real problems.

Capitalism, Lead, Problem, Real

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.

Affluent, Fields, Make, People, Private, Quite

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.

Book, Immigration, Records, Employers, Cash, Scale

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

Particularly, Revolution, Shale, Taken, Technology, Usa

Russia exists in the context of open global economy and is a part of it

Context, Economy, Exists, Global Economy, Open, Russia

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.

Benefits, Completely, Economy, Theory, Workers, Wrong

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.

100, Children, Country, Man, Men, Tell

Russia depends on natural resources way too much. Russian economy is not diversified enough

Depends, Economy, Russia, Too Much, Way

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.

Bills, Everyday, Mountain, Notes, Think, Thinking

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

Benefits, Trade, Free Trade, Free, Everyone

Global markets have a much bigger effect on prices and wages in the U. S. and elsewhere than they did before.

Bigger, Elsewhere, Markets, Wages

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

Cause, Causes, Growth, Social, Workers

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

Cash, Cashless, Propose, Thinking

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

Big, Bills, Tax, Tax Evasion, Thinking, Used

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.

Average, Economy, Perception, Play, President

We're not just going to see mid-sized banks go under in the next few months, we're going to see a whopper.

Banks, Months, Next, See, Under

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

Capitalism, Socially, Tension, Unbridled, United, United States

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.

Countries, Country, Decline, Moving, Past, Richer

Kenneth Rogoff Biography

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