In politics, as in poetry, it is sometimes true that it is darkest before dawn.
Larry Summers quote Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.
Larry Summers quote 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.
Larry Summers quote 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 quote It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.
Larry Summers quote Now is the time for us to strike. We must strengthen our foothold in Asia, to ensure no nation overtakes us.
Larry Summers quote Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient.
Larry Summers quote The major challenge for the United States is whether it can become the first outward-looking, continental, nonimperialist power in history.
Larry Summers quote Biography
Economist,