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 Copy Share Image
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 Copy Share Image
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… — Kenneth Rogoff Copy Share
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… — Kenneth Rogoff Copy Share
... far more people make a living as professional chess players today than ever before. Thanks partly to the availability of computer programs and… — Kenneth Rogoff Copy Share
Worrying about inflation now is like worrying about the measles when you might get the plague. — Kenneth Rogoff Copy Share
Unbridled capitalism in the United States can't be sustained socially. It leads to tensions. — Kenneth Rogoff Copy Share
There has been a noticeable decline in the labor factor in all wealthy countries in the past 20 years. The rich are getting richer,… — Kenneth Rogoff Copy Share
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 Copy Share
The problem - at least in the United States - is not that people can't find jobs. The problem is that they're no longer… — Kenneth Rogoff Copy Share
Global markets have a much bigger effect on prices and wages in the U.S. and elsewhere than they did before. — Kenneth Rogoff Copy Share
Russia depends on natural resources way too much. Russian economy is not diversified enough — Kenneth Rogoff Copy Share
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… — Kenneth Rogoff Copy Share
Cash is very easy to hide. It's easy to hoard. It's easy to move, especially these large bills. — Kenneth Rogoff Copy Share
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… — Kenneth Rogoff Copy Share
Today, chess programs have become so good that even grandmasters sometimes struggle to understand the logic behind some of their moves. — Kenneth Rogoff Copy Share
