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

Lawrence Summers

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

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" 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. "

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

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" 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. "

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

Lawrence 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. "

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" 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. "

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" 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. "

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" 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. "

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