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University Student Quotes

Lawrence Summers Quotes

When I first saw you I fell in love, and you smiled because you knew - William Shakespeare Quotes
A true friend is someone who accepts your past, supports your present and encourages your future - Friend Quotes
You had me at hello - Love Quotes
The only place success comes before work is in the dictionary - Work Quotes
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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.  (Lawrence Summers Quotes) It says something about this new global economy that USA Today now reports every morning on the day’s events in Asian markets  (Lawrence Summers Quotes) Blaming speculators as a response to financial crisis goes back at least to the Greeks. It’s almost always the wrong response  (Lawrence Summers Quotes) Now is the time for us to strike. We must strengthen our foothold in Asia, to ensure no nation overtakes us  (Lawrence Summers Quotes) Takeovers wouldn’t cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and confident about the future  (Lawrence Summers Quotes) What’s the single most important thing to learn from an economics course today? What I tried to leave my students with is the view that the invisible hand is more powerful than the [un]hidden hand. Things will happen in well-organized efforts without direction, controls, plans. That’s the consensus among economists. That’s the Hayek legacy  (Lawrence Summers Quotes) Many children are taught to believe in God. I came to believe in the power of systems analysis  (Lawrence Summers Quotes) The United States basically accepted protection abroad as the price of post-war recovery. Now, that these countries have caught up to our level of prosperity, it is time for them to catch up to our level of openness  (Lawrence Summers Quotes) In this age of electronic money, investors are no longer seduced by a financial ‘dance of a thousand veils.’ Only hard and accurate information on reserves, current accounts, and monetary and fiscal conditions will keep capital from fleeing precipitously at the first sign of trouble  (Lawrence Summers Quotes) It says something about this new global economy that USA Today now reports every morning on the day’s events in Asian markets.  (Lawrence Summers Quotes) In politics, as in poetry, it is sometimes true that it is darkest before dawn  (Lawrence Summers Quotes) Deflation and secular stagnation are the risks of our time  (Lawrence Summers Quotes) The only antidote to dangerous ideas is strong alternatives vigorously advocated  (Lawrence Summers Quotes) Contagion has become very much a phenomenon, and it’s a phenomenon of globalization  (Lawrence Summers Quotes) Most investors want to do today what they should have done yesterday  (Lawrence Summers Quotes) In the history of the world, no one has ever washed a rented car  (Lawrence Summers Quotes) The availability of private insurance provides tremendous insulation for millions of individuals  (Lawrence Summers Quotes) Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular  (Lawrence Summers Quotes) I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to it  (Lawrence Summers Quotes) You can’t have a situation in which companies proceed on a permanent basis relying only on cash from the government  (Lawrence Summers Quotes) A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could  (Lawrence Summers Quotes) All taxes discourage something. Why not discourage bad things like pollution rather than good things like working?  (Lawrence Summers Quotes) The idea that we should be open to all ideas, is very different from the supposition that all ideas are equally valid  (Lawrence Summers Quotes) Things take longer to happen than you think they will and then they happen faster than you think they will  (Lawrence Summers Quotes) No free country will ever again have anything like the 90 percent tax rates that we had in this country. Past a certain point, high marginal tax rates are, indeed, terribly destructive  (Lawrence Summers Quotes) The situation in a number of countries reminds one that it’s still a risky world out there in the emerging markets  (Lawrence Summers Quotes) I promise you that there are a lot of people involved in various kinds of retail activities who think they have a crucial role in the economy, and they’re right  (Lawrence Summers Quotes) Start with the idea that you can’t repeal the laws of economics. Even if they are inconvenient  (Lawrence Summers Quotes)