Lawrence Summers Quotes

Quotes about:

• In the history of the world, no one has ever washed a rented car.

  Lawrence Summers

  Car, Liberty, World

  50 Copy quote

• All taxes discourage something. Why not discourage bad things like pollution rather than good things like working?

  Lawrence Summers

  Why Not, Taxation, Pollution

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• 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

  Thinking, Things In Life, Thumbs

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• The idea that we should be open to all ideas is very different from the supposition that all ideas are equally valid.

  Lawrence Summers

  Ideas, Different, Should

  "Harvard Radical". www.nytimes.com. August 24, 2003.

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• Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... 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 that... I’ve always though that under-populated countries in Africa are vastly UNDER-polluted, their air quality is probably vastly inefficiently low compared to Los Angeles or Mexico City.

  Lawrence Summers

  Country, Dirty, Thinking

  "Larry Summers’ War Against the Earth" by Jim Vallette, www.counterpunch.org. June 15, 1999.

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• Investment in girls' education may well be the highest-return investment available in the developing world.

  Lawrence Summers

  Girl, World, May

  Lawrence H. Summers (1994). “Investing in All the People: Educating Women in Developing Countries”, p.1, World Bank Publications

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• 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

  Jet Planes, Kind, Problem

  68 Copy quote

• The only antidote to dangerous ideas is strong alternatives vigorously advocated.

  Lawrence Summers

  Strong, Dangerous Ideas, Evil

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• Deflation and secular stagnation are the risks of our time.

  Lawrence Summers

  Inspiring, Risk, Economic

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• 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 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

  Powerful, Views, Hands

  "The Commanding Heights". Book by Daniel Yergin and Joseph Stanislaw, 1998.

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• There are children who are working in textile businesses in Asia who would be prostitutes on the streets if they did not have those jobs

  Lawrence Summers

  Jobs, Children, Would Be

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• If you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles.

  Lawrence Summers

  Ideas, Innovation, Important

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• It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today. Our prosperity is linked inextricably to the maintenance of a strong world economy, an open international trading system, and stable global financial markets.

  Lawrence Summers

  Strong, Opposites, Maintenance

  "Sayonara to Summers". www.theglobalist.com. January 15, 2001.

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• When I look out the window at my backyard, I can't think of anything interesting to ask. I mean, it's green, it's growing-but nothing occurs to me that any concentrated effort of thought could possibly enlighten. Whereas in economic, statistical, or mathematical kinds of things, I can think lots of questions.

  Lawrence Summers

  Mean, Thinking, Interesting

  "Inside the Crisis" by Ryan Lizza, www.newyorker.com. October 12, 2009.

  7 Copy quote

• Many children are taught to believe in God. I came to believe in the power of systems analysis.

  Lawrence Summers

  Children, Believe, Analysis

  "Inside the Crisis" by Ryan Lizza, www.newyorker.com. October 12, 2009.

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• Spread the truth-the laws of economics are like the laws of engineering. One set of laws works everywhere.

  Lawrence Summers

  Engineering, Law, Economics

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• 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

  Age, Information, Firsts

  7 Copy quote

• 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

  Country, Thinking, Toxic Waste

  "Furor on Memo At World Bank". www.nytimes.com. February 7, 1992.

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• It's important to remember how fortunate we are as a country to have a currency and a bond market that is seen in every way as a source of strength and it's a huge responsibility for us to keep it that way.

  Lawrence Summers

  Country, Responsibility, Important

  "Summers sees end to 'sense of free-fall'". Financial Times, April 09, 2009.

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• There are idiots. Look around.

  Lawrence Summers

  Looks, Idiot

  "Inside the Crisis With Larry Summers & Co." by Ryan Lizza, www.realclearpolitics.com. October 5, 2009.

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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

  Banking Crisis, America, People

  "Larry Summers on 'FOX News Sunday'". "FOX News Sunday" with Chris Wallace, www.foxnews.com. February 8, 2009.

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• It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.

  Lawrence Summers

  Opposites, World, Today

  "Lou Dobbs Tonight" with Jan Hopkins, www.cnn.com. July 16, 2003.

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• The availability of private insurance provides tremendous insulation for millions of individuals

  Lawrence Summers

  Availability, Individual, Insulation

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• Most investors want to do today what they should have done yesterday.

  Lawrence Summers

  Should Have, Yesterday, Investing

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• I have always thought that underpopulated countries in Africa are vastly underpolluted.

  Lawrence Summers

  Country, Between You And Me

  7 Copy quote

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