[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fqjSPYibAPh7yoCaEGmTIywapKBneSbYbGK3lxOklSbI":3,"$fyOXlnnhqSjdSrE0O8B2wQHeq3dZ25rYQVpaimJCxz5Q":12},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"slug":10,"image_url":9},166678,"Robert Mundell","R",18,null,"robert-mundell",[],{"quotes":13,"pagination":122},[14,27,38,49,60,66,77,89,100,111],{"id":15,"quote_text":16,"author_id":5,"source_id":17,"has_image":18,"author":19,"source":20,"quote_tag":21,"commentary":9},2090942,"How much we owe to good teachers, good education, and good advice!",4,false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[22],{"id":23,"tag":24},5077064,{"id":25,"tag_name":26},80,"education",{"id":28,"quote_text":29,"author_id":5,"source_id":17,"has_image":18,"author":30,"source":31,"quote_tag":32,"commentary":9},2090938,"I decided to go to the London School of Economics to write my thesis for MIT, under James Meade, Nobelist with Bertil Ohlin in 1977.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[33],{"id":34,"tag":35},5077058,{"id":36,"tag_name":37},13646,"decided",{"id":39,"quote_text":40,"author_id":5,"source_id":17,"has_image":18,"author":41,"source":42,"quote_tag":43,"commentary":9},2090929,"In my early days, I wrote my dissertation for MIT at the London School of Economics, really under James Meade, but my dissertation was five chapters on the theory of capital movement, but it didn't mention money.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[44],{"id":45,"tag":46},5077050,{"id":47,"tag_name":48},6571,"capital",{"id":50,"quote_text":51,"author_id":5,"source_id":17,"has_image":18,"author":52,"source":53,"quote_tag":54,"commentary":9},2090920,"The U.S. berates China for its exchange rate policy, which Washington doesn't like. But one-sided pressure on China to change its exchange rate is misplaced.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[55],{"id":56,"tag":57},5077039,{"id":58,"tag_name":59},12,"change",{"id":61,"quote_text":62,"author_id":5,"source_id":17,"has_image":18,"author":63,"source":64,"quote_tag":65,"commentary":9},2090917,"The benefits from a world currency would be enormous.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":67,"quote_text":68,"author_id":5,"source_id":17,"has_image":18,"author":69,"source":70,"quote_tag":71,"commentary":9},2090907,"It's political glue inside Europe to keep it together - the euro is the best thing going for it since the creation of the common market.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[72],{"id":73,"tag":74},5077029,{"id":75,"tag_name":76},2294,"best",{"id":78,"quote_text":79,"author_id":5,"source_id":17,"has_image":18,"author":80,"source":81,"quote_tag":82,"commentary":88},2090898,"It's a lethal thing to suddenly raise taxes.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[83],{"id":84,"tag":85},5077016,{"id":86,"tag_name":87},15725,"suddenly","**The Backstory**\nThis quote is attributed to Robert Mundell, a Nobel laureate economist, likely said during the 1970s or 1980s, a time of significant economic turmoil. Mundell was known for his work on international trade and finance, and his quotes often reflected his expertise in economic policy. During this period, Mundell was likely grappling with the challenges of stagflation, a combination of high inflation and stagnant economic growth.\n\n**The Hidden Insight**\nThe quote reveals a paradoxical understanding of the relationship between taxation and economic stability. Mundell's statement suggests that sudden tax increases can be detrimental to the economy, yet it also implies that the timing of tax changes is crucial. In other words, the quote highlights the importance of considering the context and timing of economic policy decisions, rather than simply advocating for one policy over another.\n\n**How to Use This**\nIn today's fast-paced business environment, this insight can be applied by considering the potential unintended consequences of sudden changes in strategy or policy. Instead of making drastic decisions, professionals and leaders can benefit from taking a step back to assess the timing and potential impact of their actions, much like Mundell's cautionary advice on taxation.",{"id":90,"quote_text":91,"author_id":5,"source_id":17,"has_image":18,"author":92,"source":93,"quote_tag":94,"commentary":9},2090886,"I took high school very casually. There was Teen Town, chess, tennis, boxing, running. Lots of things going on.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[95],{"id":96,"tag":97},5077006,{"id":98,"tag_name":99},1484,"high",{"id":101,"quote_text":102,"author_id":5,"source_id":17,"has_image":18,"author":103,"source":104,"quote_tag":105,"commentary":9},2090875,"The whole idea of having a free trade area when you have gyrating exchange rates doesn't make sense at all. It just spoils the effect of any kind of free trade agreement.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[106],{"id":107,"tag":108},5076997,{"id":109,"tag_name":110},11116,"area",{"id":112,"quote_text":113,"author_id":5,"source_id":17,"has_image":18,"author":114,"source":115,"quote_tag":116,"commentary":9},2090855,"As an undergraduate at UBC in Canada, I fell in love with economic theory. It was the right choice for me.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[117],{"id":118,"tag":119},5076985,{"id":120,"tag_name":121},22222,"fell",{"currentPage":123,"totalPages":124,"totalItems":8,"itemsPerPage":125},1,2,10]