The problem started before World War I. The gold standard was working fairly well. But it broke down because of the war and what happened in the 1920s. And then the U.S. started to become so dominant in the world, with the dollar becoming the central currency after the 1930s, the whole world economy shifted. Robert Mundell Read Quote
I took high school very casually. There was Teen Town, chess, tennis, boxing, running. Lots of things going on. Robert Mundell Read Quote
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 Read Quote
I decided to go to the London School of Economics to write my thesis for MIT, under James Meade, Nobelist with Bertil Ohlin in 1977. Robert Mundell Read Quote
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. Robert Mundell Read Quote
