Lawrence Summers Quotes - Page 2

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

One of those disturbing tendencies in academic life is that there is a desire on the part of many in the name of open-mindedness to fall into a kind of relativistic denialism in which all positions are equally legitimate, all positions must be respected, and compromise must be entered into no matter what the starting point or reasonableness of the two parties.

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.

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

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

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

Where countries have been able to carry through on their reform commitments - as in Korea, Thailand and the Philippines - results are starting to come in the form of lower interest rates, new investment and increased growth.

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

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

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.

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

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

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

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

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.

We must recognise that in an integrated world, trade cannot be divorced from other concerns. We need to promote free trade and serious global efforts with respect to common problems even as we support every nation's right to chart its own course.

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.

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.