Quotessence
Home / Quotes / Quote by Russ Roberts

Quote by Russ Roberts

“The incredible stability in inflation is really a novel human experience. And the inflation is being the result of money.”

Quote by Russ Roberts

Author

Russ Roberts
Russ Roberts

Russ Roberts is an accomplished economist, born in September 1954. He has extensive research and teaching experience in economics, particularly known for his historical approach to economic issues. more

You May Also Like

“Milton Friedman had the grace and good sense to recognize that he wanted to talk to the general public. He wasn't going to just lecture to the people who happened to appear in his classroom in Chicago or on some lecture circuit. He went out to talk to the general public, believing that you had to convince a democratic nation to change its ways, and he succeeded to a considerable extent.”

“China has seen a great deal of economic progress. It's certainly rather of a miracle. The growing role of the market in the economy will force China to open up its political system over time and to move toward a more democratic society. So taken as a whole, the one real failure in this whole business has been Russia.”

“My monetary studies have led me to the conclusion that central banks could profitably be replaced by computers geared to provide a steady rate of growth in the quantity of money. Fortunately for me personally, and for a select group of fellow economists, that conclusion has had no practical impact… else there would have been no Central Bank of Sweden to have established the award [Nobel Prize] I am honoured to receive.”