Lawrence Summers Quotes

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.

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.

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.

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.

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