A Quote by Robert Mundell

The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.

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Could Dollar Economy Euro Important Improve Initiative Most Rate Stabilize Take The Most Important World World Economy Would Would Be

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Robert Mundell
Canadian - Economist
Born: October 24, 1932

The uncontrolled increase of the euro rate vis-a-vis the dollar threatens employment growth in the euro area.

Peter Bofinger

Italy may well be the main problem. It has benefited most from the euro by having been able to get the euro interest rate instead of what otherwise would have been its own. That would be much higher because Italy has been accumulating so much debt. In the past, Italy has inflated away its debt. The virtue of the euro is that Italy can't do it alone. A tight ECB policy wouldn't permit that to happen again.

Milton Friedman

China became the second biggest economy in the world by pegging their currency to the dollar at an artificially cheap rate.

Max Keiser

America is the most powerful economy in the world. We're an $18-trillion-dollar economy.

John F. Kerry

The exchange rate of the Rand against the dollar, pound or euro makes South Africa an attractive location. The positive side of this is it gives our artists and technicians an opportunity to work.

John Kani

If top marginal income tax rates are set too high, they discourage productive economic activity. In the limit, a top marginal income tax rate of 100 percent would mean that taxpayers would gain nothing from working harder or investing more. In contrast, a higher top marginal rate on consumption would actually encourage savings and investment. A top marginal consumption tax rate of 100 percent would simply mean that if a wealthy family spent an extra dollar, it would also owe an additional dollar of tax.

Robert H. Frank

When I was younger, I thought that everything would just come to me eventually, but now I see I have to take the initiative and practise to improve myself.

Jungkook

Weaker currencies abroad mean a strong dollar, and a stronger dollar, together with a weak global environment, is a drag on the U.S. economy. So it's important, as it affects overall levels of production and employment in the U.S. There are many domestic industries doing well in the United States, notwithstanding a strong dollar.

Ben Bernanke

A nation's exchange rate is the single most important price in its economy; it will influence the entire range of individual prices, imports and exports, and even the level of economic activity. So it is hard for any government to ignore large swings in its exchange rate.

Paul Volcker

I think most people, when they take a look at the candidates and the positions of the candidates, realize that protecting this country and keeping this economy going are the two most important issues. And you can't protect the country if you retreat from overseas, and you can't keep the economy growing if you raise taxes. And that's exactly what the Democrats in the House would like to do.

George W. Bush

America, in the eyes of the world, typifies above all else this quality of initiative. The greatest successes are nearly all the fruit of initiative. Why do we hold in such high esteem the achievements of the Wright brothers? Because they were illustrious examples of initiative and tenacity. And ideas are born of initiative, the children of men and women of initiative. Advancement is applied initiative. Don't imitate. Initiate.

B. C. Forbes

Walk rate is probably the area in which a pitcher has the most room to improve, but a rate that high is tough to overcome.

Nate Silver

In the 20 years before Greece end up with the Euro, efforts to improve competitiveness through exchange rate and adjustments resulted only in temporary gains of competitiveness.

Lucas Papademos

It's really important, obviously, for people to realize that it is a very small percentage, only 1 percent of our total economy, of our total budget, and I think that's important for people to know. But I also know that Americans are very generous and that many, many Americans are proud that their taxpayer dollar has saved lives in Africa through the president's malaria initiative or through PEPFAR, the emergency relief plan for AIDS.

Laura Bush

Let's start with the euro. What on earth were we thinking? How could anyone with the faintest grasp of economics have believed it was anything other than sheer insanity to yoke together diverse national economies such as Greece, Ireland, Germany and Finland under a single exchange rate and a single interest rate?

Mehdi Hasan

The moral case for individual initiative in a free economy holds that people have a God-given right to use their creativity to produce things that improve our lives.

Paul Ryan

A Quote by Robert Mundell

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