The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history.
More Quotes from Larry Summers:
We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.Larry Summers
Now is the time for us to strike. We must strengthen our foothold in Asia, to ensure no nation overtakes us.
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Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.
Larry Summers
There probably won't be a chest bump, probably a handshake. I'm not mad or angry at Coach Pete because this is a business. Whenever the opportunity comes to improve yourself, you have to take advantage. There's no animosity towards Coach Pete.
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I know the coaches that went (to Norfolk State) have good work ethic and they don't accept anything but perfection. They've had two weeks to prepare for this game, so we're looking for anything they can throw at us, trick plays and all.
Larry Summers
It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.
Larry Summers
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