Canadian - Economist | October 24, 1932 -
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.
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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.
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The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.
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The benefits from a world currency would be enormous.
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I took high school very casually. There was Teen Town, chess, tennis, boxing, running. Lots of things going on.
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