We give away tens of billions to Brazil, or to one place or another, without thinking. But in those days, to give even a tiny amount to Russia was viewed almost as anathema by many parts of our own society and our political leadership, whether it was the Bush administration or the Clinton administration.
More Quotes from Jeffrey Sachs:
As of the late 1980s and early 1990s, a kind of professional consensus arose in Washington. It was called a consensus for the world, but how many people really believed all of it is an open question. A consensus came, at least within Washington, about how countries should change from non-market economies to market economies.Jeffrey Sachs
The debts are unaffordable. If they won't cancel the debts I would suggest obstruction; you do it yourselves.
Jeffrey Sachs
If we did go into a recession, something that's always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold.
Jeffrey Sachs
The Russian government not only acted corruptly, not only built up a new oligarchy of billionaires out of nothing, basically, but also gave away its most valuable financial assets-its ownership of the huge natural resource sector in Russia.
Jeffrey Sachs
The idea that the UN system could provide real leadership on the great development challenges will strain credulity in some quarters.
Jeffrey Sachs
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