Larry Summers Quotes (15 Quotes)

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.

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

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.

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

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

I know the coaches that went (to Norfolk State) have good work ethic and they don't accept anything but perfection. They've had two weeks to prepare for this game, so we're looking for anything they can throw at us, trick plays and all.

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

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

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

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.

There probably won't be a chest bump, probably a handshake. I'm not mad or angry at Coach Pete because this is a business. Whenever the opportunity comes to improve yourself, you have to take advantage. There's no animosity towards Coach Pete.

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

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.

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.

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.