Robert Mundell
Robert Mundell
Robert Alexander Mundell, CCis a Nobel Prize-winning Canadian economist. Currently, he is a professor of economics at Columbia University and the Chinese University of Hong Kong...
NationalityCanadian
ProfessionEconomist
Date of Birth24 October 1932
CountryCanada
banks believed central good rigid theory
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.
suddenly
It's a lethal thing to suddenly raise taxes.
fell love
As an undergraduate at UBC in Canada, I fell in love with economic theory. It was the right choice for me.
forces
Monetary discipline forces fiscal discipline on the politicians as well.
competition offer public votes
The public is looking for free lunches, and the political competition for votes makes the politicians offer them free lunches.
associated fixed gone korean level nearly ounce price secular three time vietnam war
The price of gold was fixed at $35 an ounce in 1934, but by the time the U.S. got through the Korean War, the Vietnam war, with all the associated secular inflation, the price level had gone up nearly three times.