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Robert Mundell Quotes


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Quotes by Robert Mundell

Showing 11-18 of 18 Quotes by Robert Mundell

The problem started before World War I. The gold standard was working fairly well. But it broke down because of the war and what happened in the 1920s. And then the U.S. started to become so dominant in the world, with the dollar becoming the central currency after the 1930s, the whole world economy shifted.

~Robert Mundell

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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.

~Robert Mundell

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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.

~Robert Mundell

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It's a lethal thing to suddenly raise taxes.

~Robert Mundell

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I have never believed that central banks should have rigid inflation targeting. That is not a good thing to stabilize. There is nothing in economic theory to back this.

~Robert Mundell

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The public is looking for free lunches, and the political competition for votes makes the politicians offer them free lunches.

~Robert Mundell

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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.

~Robert Mundell

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I took high school very casually. There was Teen Town, chess, tennis, boxing, running. Lots of things going on.

~Robert Mundell

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Biography

Nationality: Canadian

Type: Economist

Born: October 24th, 1932

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