Occupation: Professor Birth: March 22, 1953
I don't think it's time yet to eliminate cash, but I propose having a less-cash society, not a cashless one..
We Americans are not about to stop borrowing as long as they give us money for nothing..
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 ….
Cash is very easy to hide. It's easy to hoard. It's easy to move, especially these large bills..
People aren't looking at how they're doing, but rather at how their neighbors are doing and at their own place in society..
It is vital for Russia to normalize relations with the rest of the world. You shouldn't isolate your economy.
Marx's theory that only capitalists benefit from capitalism and workers are exploited was completely wrong. Nothing could have been further from the ….
Worrying about inflation now is like worrying about the measles when you might get the plague..
Unbridled capitalism will lead to some very real problems..
Today, chess programs have become so good that even grandmasters sometimes struggle to understand the logic behind some of their moves..
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..
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….
Workers are not being exploited. But if their share of growth doesn't increase, this could be a potential cause of social tension worldwide..
... far more people make a living as professional chess players today than ever before. Thanks partly to the availability of computer programs and on….
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….
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….
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….
Unbridled capitalism in the United States can't be sustained socially. It leads to tensions..
We're not just going to see mid-sized banks go under in the next few months, we're going to see a whopper..
Russia depends on natural resources way too much. Russian economy is not diversified enough.