Kenneth Rogoff Quotes

We have been dealt a very weak hand by the financial market meltdown, bailouts, and recession. We can't act like it's a strong one.

Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through.

We all knew this. We all knew that it would take more time than any of us want to dig ourselves out of this hole created by this economic crisis.

What we know about the global financial crisis is that we don't know very much.

I have 13 bankers in my office, and they say that if you go forward with this you will cause the worst financial crisis since World War II.

Some things never change - there will be another crisis, and its impact will be felt by the financial markets.

There is no risk-free path for monetary policy.

As I write in 2012 we certainly do not believe that it is over yet, and the worst may be yet to come. Efforts by governments to solve the underlying problems responsible for the crisis have still not gotten very far, and the 'stress tests' that governments have used to encourage optimism about our financial institutions were of questionable thoroughness.

If an economy in the doldrums could drift indefinitely, the price of government inaction might be graver by far than the consequences of bold unorthodoxy.

Fiscal crises often turn into financial crises, dealing a blow to the real economy.

I think the producers, for the most part, don't want to see prices skyrocket because that will only create problems for them down the road and would also be a, you know, would be a very serious shock for a world economy that can't afford serious shocks right now.

I'm not panicking, and I'm not scared, I've been through the Gulf War, the Asia crisis, and the Russian crisis.

What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts.

This economy is on life support.

If the Chinese bubble bursts one day, which inevitably will happen - maybe not tomorrow, maybe in three months, maybe in three years - when it happens, it will have devastating consequences for the global economy.

Financial crises are an unfortunate but necessary consequence of modern capitalism.

There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly.

The reality for us in America is that we will never get out of debt with more than 15 million people out of work.

The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones.

The world economy today is recovering slowly, and there are still some destabilising factors and uncertainties. The underlying impact of the international financial crisis is far from over.

We don't sit down and go, 'People are uneasy about the economy. Let's write about that.'

Not every financial company toppled during the 2008 crisis, and some seized the opportunity to take advantage of weaker competitors in the midst of the tumult.

We now have the worst of both worlds – not just inflation on the one side or stagnation on the other side, but both of them together. We have sort of “stagflation” situation.

… a depression is for capitalism like a good, cold douche.

During an economic crisis, what matters is that the government keeps its foot on the accelerator.