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Lawrence Summers Quotes

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Lawrence Summers Quotes: "Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response."

Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.



Lawrence Summers Quotes: "The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history."

The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history.




Lawrence Summers Quotes: "Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular."

Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.



Lawrence Summers Quotes: "In the history of the world, no one has ever washed a rented car."

In the history of the world, no one has ever washed a rented car.




Lawrence Summers Quotes: "All taxes discourage something. Why not discourage bad things like pollution rather than good things like working?"

All taxes discourage something. Why not discourage bad things like pollution rather than good things like working?



Lawrence Summers Quotes: "A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could."

A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could.



Lawrence Summers Quotes: "The availability of private insurance provides tremendous insulation for millions of individuals"

The availability of private insurance provides tremendous insulation for millions of individuals




Lawrence Summers Quotes: "Most investors want to do today what they should have done yesterday."

Most investors want to do today what they should have done yesterday.



Lawrence Summers Quotes: "The only antidote to dangerous ideas is strong alternatives vigorously advocated."

The only antidote to dangerous ideas is strong alternatives vigorously advocated.



Lawrence Summers Quotes: "The idea that we should be open to all ideas is very different from the supposition that all ideas are equally valid."

The idea that we should be open to all ideas is very different from the supposition that all ideas are equally valid.



Lawrence Summers Quotes: "Deflation and secular stagnation are the risks of our time."

Deflation and secular stagnation are the risks of our time.



Lawrence Summers Quotes: "Spread the truth-the laws of economics are like the laws of engineering. One set of laws works everywhere."

Spread the truth-the laws of economics are like the laws of engineering. One set of laws works everywhere.




Lawrence Summers Quotes: "It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today."

It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.



Lawrence Summers Quotes: "If you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles."

If you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles.



Lawrence Summers Quotes: "It was wrong to allow Stalin to shape the European landscape of the 20th century. It would be even more wrong to let him shape the landscape of the 21st century"

It was wrong to allow Stalin to shape the European landscape of the 20th century. It would be even more wrong to let him shape the landscape of the 21st century



Lawrence Summers Quotes: "Contagion has become very much a phenomenon, and it's a phenomenon of globalization."

Contagion has become very much a phenomenon, and it's a phenomenon of globalization.



Lawrence Summers Quotes: "In politics, as in poetry, it is sometimes true that it is darkest before dawn."

In politics, as in poetry, it is sometimes true that it is darkest before dawn.



Lawrence Summers Quotes: "There are children who are working in textile businesses in Asia who would be prostitutes on the streets if they did not have those jobs"

There are children who are working in textile businesses in Asia who would be prostitutes on the streets if they did not have those jobs



Lawrence Summers Quotes: "It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets."

It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.



Lawrence Summers Quotes: "As long as we keep our fundamentals strong...the dollar (and) U.S. borrowing costs will do just fine."

As long as we keep our fundamentals strong...the dollar (and) U.S. borrowing costs will do just fine.



Lawrence Summers Quotes: "Takeovers wouldn't cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and confident about the future."

Takeovers wouldn't cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and confident about the future.



Lawrence Summers Quotes: "Investment in girls' education may well be the highest-return investment available in the developing world."

Investment in girls' education may well be the highest-return investment available in the developing world.



Lawrence Summers Quotes: "Many children are taught to believe in God. I came to believe in the power of systems analysis."

Many children are taught to believe in God. I came to believe in the power of systems analysis.



Lawrence Summers Quotes: "I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to it."

I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to it.



Lawrence Summers Quotes: "There are idiots. Look around."

There are idiots. Look around.



Lawrence Summers Quotes: "You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government."

You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government.



Lawrence Summers Quotes: "I have always thought that underpopulated countries in Africa are vastly underpolluted."

I have always thought that underpopulated countries in Africa are vastly underpolluted.



Lawrence Summers Quotes: "The major challenge for the United States is whether it can become the first outward-looking, continental, nonimperialist power in history."

The major challenge for the United States is whether it can become the first outward-looking, continental, nonimperialist power in history.



Lawrence Summers Quotes: "Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient."

Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient.



Lawrence Summers Quotes: "With uncertainty in oil markets, a buildup of speculative pressures and the large U.S. current account deficit, there is a real possibility that Paulson's crisis-management skills will be tested."

With uncertainty in oil markets, a buildup of speculative pressures and the large U.S. current account deficit, there is a real possibility that Paulson's crisis-management skills will be tested.



Lawrence Summers Quotes: "I promise you that there are a lot of people involved in various kinds of retail activities who think they have a crucial role in the economy, and they're right."

I promise you that there are a lot of people involved in various kinds of retail activities who think they have a crucial role in the economy, and they're right.