Robert Mundell quotes

Robert Mundell was a Canadian economist, renowned for his pioneering work in international economics and monetary theory. His research laid the foundation for the creation of the euro and the theory of optimum currency areas. He received the Nobel Prize in Economics for his contributions to these fields. Here are 10 of his quotes:

Monetary discipline forces fiscal discipline on the politicians as well.

Robert Mundell

The benefits from a world currency would be enormous.

Robert Mundell

The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.

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.

Robert Mundell

How much we owe to good teachers, good education, and good advice!

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.

Robert Mundell

The public is looking for free lunches, and the political competition for votes makes the politicians offer them free lunches.

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.

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.

Robert Mundell