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

Lawrence Summers

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

Lawrence Summers

" 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. "

Lawrence Summers

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

Lawrence Summers

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

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. "

Lawrence Summers

" I've always thought that underpopulated countries in Africa are vastly underpolluted. "

Lawrence Summers

" 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

" Now is the time for us to strike. We must strengthen our foothold in Asia, to ensure no nation overtakes us. "

Lawrence Summers

" It certainly was difficult to sell NAFTA because it's always difficult to sell open markets. "

Lawrence 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. "

Lawrence Summers

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

Lawrence Summers

" 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

" 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. "

Lawrence Summers

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

Lawrence Summers

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

Lawrence Summers

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

Lawrence Summers

" 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

" 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

" 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. "

Lawrence Summers

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

Lawrence Summers

" 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. "

Lawrence Summers