China has to make a set of adequate commitments to liberalizing its economy -- commitments that are commensurate to the scale of its economy and to the importance of it in the world economy,
More Quotes from Lawrence Summers:
By the end of next year, we expect to establish a regular schedule for offering inflation-indexed securities with maturities of five, 10 and 30 years,Lawrence Summers
We want to be candid about the need for them to reform their banking system and do more on trade and the like, but the guy (Hashimoto) is also under a lot of pressure right now.
Lawrence Summers
It certainly was difficult to sell NAFTA because it's always difficult to sell open markets.
Lawrence Summers
And at a Capitol Hill news conference, Treasury Secretary Lawrence Summers warned that huge tax cuts also could have unwanted economic consequences, including higher interest rates, greater inflation and a larger public debt. The tax cuts that have been put on the table represent a reversal of course, ... Confidence is crucial. It is time for us to make the right and prudent decision.
Lawrence Summers
I think the approach we have taken in the administration, of focusing our energies and concerns on the fundamentals and working to strengthen those fundamentals, has been the prudent approach rather than focusing on the stock market,
Lawrence Summers
If we can do those things, we have a chance to keep this expansion going. But this is not the time to take what (Federal Reserve) Chairman (Alan) Greenspan, what six Nobel prize-winning economists have said would be a very risky course with a massive tax cut. We're not going to let it happen, ... Face The Nation.
Lawrence Summers
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Based on Topics: World QuotesBased on Keywords: commensurate, liberalizing
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The perceptive act is a reaction of the mind upon the object of which it is the perception.
Samuel Alexander