47 Quotes by Kenneth Rogoff

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

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.

... 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.

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.

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

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

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

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