We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different.
More Quotes from Jeffrey Sachs:
The idea that UN commitments should be followed by action is indeed a radical one, especially for the United States, where wilful neglect of its own commitments is the rule.Jeffrey Sachs
It's time for other candidates to come forward that have experience in development.
Jeffrey Sachs
No serious work whatever is under way within the government to link annual budgetary allocations with the international development goals the United States has endorsed. For example, the Bush administration has failed to produce even one credible document spelling out America's role in a global-scale war against AIDS.
Jeffrey Sachs
Unfortunately, the real focus in this country has not been on the rest of the world. It's been on our own issues and our own problems. Fair enough. But it means that our simple hopes that everything will just work out abroad aren't really coming to pass.
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
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Based on Keywords: boomingIf the U.N. were to be successful in its efforts to control the Internet, countries where human rights records range from questionable to criminal could be put in charge of determining what is and is not allowed to appear online.
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I think there's a great beauty to having problems. That's one of the ways we learn.
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I want to resume the life of a shy person.
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