Occupation: Professor Birth: March 22, 1953
Cash is very easy to hide. It's easy to hoard. It's easy to move, especially these large bills..
Unbridled capitalism will lead to some very real problems..
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 c….
I think that a lot of the money - these big bills - is used to facilitate tax evasion and crime..
People aren't looking at how they're doing, but rather at how their neighbors are doing and at their own place in society..
Today, chess programs have become so good that even grandmasters sometimes struggle to understand the logic behind some of their moves..
Worrying about inflation now is like worrying about the measles when you might get the plague..
Workers are not being exploited. But if their share of growth doesn't increase, this could be a potential cause of social tension worldwide..
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 mor….
Unbridled capitalism in the United States can't be sustained socially. It leads to tensions..
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 ….
It is vital for Russia to normalize relations with the rest of the world. You shouldn't isolate your economy.
Global markets have a much bigger effect on prices and wages in the U.S. and elsewhere than they did before..
I don't think it's time yet to eliminate cash, but I propose having a less-cash society, not a cashless one..
The assertion that everyone benefits simultaneously from free trade is simply incorrect..
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 t….
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 ca….
Marx's theory that only capitalists benefit from capitalism and workers are exploited was completely wrong. Nothing could have been further from the ….
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 real….
Why are oil prices so low? First, energy consumption growth rates in developing markets have decreased. This is particularly noticeable in China. Sec….
... far more people make a living as professional chess players today than ever before. Thanks partly to the availability of computer programs and on….