Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.
More Quotes from Larry 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.Larry 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.
Larry Summers
In politics, as in poetry, it is sometimes true that it is darkest before dawn.
Larry Summers
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.
Larry 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.
Larry Summers
Readers Who Like This Quotation Also Like:
Based on Keywords: blaming, speculatorsIf a man be gracious and courteous to strangers, it shows he is a citizen of the world.
Francis Bacon
Equally, we require a collective past - hence the endless reinterpretations of history, frequently to suit the perceptions of the present.
Penelope Lively
But in fact if you look at film as a metaphor, only through the negative can you have the positive print. What I'm trying to get to is the positive value of negation.
Godfrey Reggio