If the whole world went into recession, all the major central banks could cut interest rates and expand the money supply.
More Quotes from Jeffrey Sachs:
The volatility of international capital is obviously destabilizing markets today.Jeffrey Sachs
The longer you wait, the less fun. If you wait until the bitter end, the whole economy can be destroyed.
Jeffrey Sachs
In 1991, a miraculous thing happened, and that's the Soviet Union ended. So there was an opportunity to build a very healthy and new world, on the basis of the change that the Russian people themselves wanted. But for Russia to make that change was going to be one of the most remarkably difficult and complex passages imaginable.
Jeffrey Sachs
I think the IMF helped to detonate the Indonesian crisis.
Jeffrey Sachs
Devaluations are never easy.
Jeffrey Sachs
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In the polls, over 80% support the right to die and have done for the last 25 years. Even 80% of practising Catholics and Protestants support it, plus 76% of Church Times readers.
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We need to become energy independent or at least aspire to that.
Thomas Friedman