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All Quotes by author - Lawrence Summers
" Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response. "
Always
Financial
Crisis
" But ultimately what I was impressed by during my years in government was how much the intellectual climate and the prevailing intellectual notions constrained and represented the universe within which the discourse took place. "
Discourse
Universe
Government
" Contagion has become very much a phenomenon, and it's a phenomenon of globalization. "
Become
Very
Much
" 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. "
You
Problems
Pose
" 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. "
American
Innovation
You
" In politics, as in poetry, it is sometimes true that it is darkest before dawn. "
True
Politics
Poetry
" In the history of the world, no one has ever washed a rented car. "
Car
Ever
History
" 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. "
Think
Economy
You
" It certainly was difficult to sell NAFTA because it's always difficult to sell open markets. "
Because
Difficult
Sell
" 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. "
Up
Country
Logic
" It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets. "
Morning
New
Now
" It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today. "
World
Said
Cold
" 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. "
Him
Landscape
Wrong
" I've always thought that underpopulated countries in Africa are vastly underpolluted. "
Africa
Countries
Always
" Many children are taught to believe in God. I came to believe in the power of systems analysis. "
Believe
Power
God
" Now is the time for us to strike. We must strengthen our foothold in Asia, to ensure no nation overtakes us. "
Time
Nation
Strike
" Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient. "
You
Laws
Idea
" The availability of private insurance provides tremendous insulation for millions of individuals. "
Insurance
Private
Individuals
" 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. "
History
Important
Economic
" 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. "
Textile
Working
Who
" 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. "
Protection
Time
Recovery
" We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises. "
People
Depression
Financial
" You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government. "
Cash
Government
Only
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