As an undergraduate at UBC in Canada, I fell in love with economic theory. It was the right choice for me. Robert Mundell Read Quote
The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate. Robert Mundell Read Quote
The public is looking for free lunches, and the political competition for votes makes the politicians offer them free lunches. Robert Mundell Read Quote
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. Robert Mundell Read Quote
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. Robert Mundell Read Quote
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. Robert Mundell Read Quote
In my early days, I wrote my dissertation for MIT at the London School of Economics, really under James Meade, but my dissertation was five chapters on the theory of capital movement, but it didn’t mention money. Robert Mundell Read Quote
I went to the University of Washington in Seattle. This was a very good place to study, and I learned a lot. But it wasn’t the right place for my Ph.D. Robert Mundell Read Quote
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. Robert Mundell Read Quote
