In the history of the world, no one has ever washed a rented
car.
Larry Summers
Attributed by Tom Friedman in 'New York
Times'. |
In politics, as in poetry, it is sometimes true that it is
darkest before dawn.
Larry Summers |
Blaming speculators as a response to financial crisis goes
back at least to the Greeks. It's almost always the wrong response.
Larry Summers |
In this age of electronic money, investors are no longer seduced
by a financial 'dance of a thousand veils.' Only hard and accurate
information on reserves, current accounts, and monetary and
fiscal conditions will keep capital from fleeing precipitously
at the first sign of trouble.
Larry Summers |
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.
Larry Summers |
It says something about this new global economy that USA Today
now reports every morning on the day's events in Asian markets.
Larry Summers |
It used to be said that when the U.S. sneezed, the world caught
a cold. The opposite is equally true today. Our prosperity is
linked inextricably to the maintenance of a strong world economy,
an open international trading system, and stable global financial
markets.
Larry Summers |
Now is the time for us to strike. We must strengthen our foothold
in Asia, to ensure no nation overtakes us.
Larry Summers |
Start with the idea that you can't repeal the laws of economics.
Even if they are inconvenient.
Larry Summers |
The major challenge for the United States is whether it can
become the first outward-looking, continental, nonimperialist
power in history.
Larry Summers |
I've always thought that underpopulated countries in Africa
are vastly underpolluted.
Larry Summers |
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.
Larry Summers |
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.
Larry Summers |
The major challenge for the United States is whether it can
become the first outward-looking, continental, nonimperialist
power in history.
Larry Summers |
The United States basically accepted protection abroad as
the price of post-war recovery. Now, that these countries have
caught up to our level of prosperity, it is time for them to
catch up to our level of openness.
Larry Summers |
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