Robert C. Solomon Quotes

The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.

- Robert C. Solomon

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United | States | Usual | Sizable | Deficit |

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On private transactions, I'll just go very quickly now, a major difference between the United States and Euroland is that in Europe banks are much more important in financial transactions than in the United States. - Robert C. Solomon

The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure. - Robert C. Solomon

There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar. - Robert C. Solomon