There's a lot of strength in the U.S., but there's a lot of froth also. The froth will blow off. We're going to have to face up to some realities that we're not fully facing up to right now.
More Quotes from Jeffrey Sachs:
The broader issue of the real role of the U.S., the foreign assistance aspect of that, who's going to pay for the security of a global economyJeffrey Sachs
If we continue this combination of high rhetoric and grossly insufficient action, I think the risks to (the United States ') own national security ... and the risk to global stability are very real.
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There is no doubt that Malawi needs 100 percent debt cancellation as soon as possible, and I will do everything possible to speed that up.
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We were proposing, in a sense, that the rest of the world be made safe for American ideas, as they adopted intellectual property rights that gave patent protection to our very innovative economy.
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If the whole world went into recession, all the major central banks could cut interest rates and expand the money supply.
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