Kenneth Rogoff Quotes

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

Kenneth Rogoff

#2. 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

#3. 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

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

Kenneth Rogoff

#5. 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

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

Kenneth Rogoff

#7. 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.

Kenneth Rogoff

#8. 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

#9. Unbridled capitalism will lead to some very real problems.

Kenneth Rogoff

#10. 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

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

Kenneth Rogoff

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

Kenneth Rogoff

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

Kenneth Rogoff

#14. 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

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

Kenneth Rogoff

#16. It is vital for Russia to normalize relations with the rest of the world. You shouldn't isolate your economy

Kenneth Rogoff

#17. 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

#18. 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 Rogoff

#19. 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

#20. We Americans are not about to stop borrowing as long as they give us money for nothing.

Kenneth Rogoff

#21. 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

#22. Today, chess programs have become so good that even grandmasters sometimes struggle to understand the logic behind some of their moves.

Kenneth Rogoff