Robert Mundell quotes

The United States can't keep a completely open system if the rest of the world is less open. The United States may have to take a leaf out of the book of Japan, China, and Germany, and have protectionism inside the system. (Robert Mundell)
Monetary discipline forces fiscal discipline on the politicians as well. View quote
Robert Mundell
The benefits from a world currency would be enormous. View quote
Robert Mundell
The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate. View quote
Robert Mundell
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. View quote
Robert Mundell
How much we owe to good teachers, good education, and good advice! View quote
Robert Mundell
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. View quote
Robert Mundell
The public is looking for free lunches, and the political competition for votes makes the politicians offer them free lunches. View quote
Robert Mundell
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. View quote
Robert Mundell
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. View quote
Robert Mundell