Lawrence Summers
Lawrence Summers
Lawrence Henry "Larry" Summersis an American economist who is President Emeritus and Charles W. Eliot University Professor of Harvard University...
NationalityAmerican
ProfessionPolitician
Date of Birth30 November 1954
CountryUnited States of America
strong opposites maintenance
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.
jet-planes kind problem
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.
car liberty libertarian
In the history of the world, no one has ever washed a rented car.
why-not pollution good-things
All taxes discourage something. Why not discourage bad things like pollution rather than good things like working?
bullet clearly great issues silver single solution
These are clearly issues of great complexity, there is no single structure, no single silver bullet that will be a solution to these problems,
confidence crimson defend defending full good harvard ivy job principles
The Harvard Crimson did such a good job defending me when I was in trouble, I have full confidence that it can defend the institutional principles of the Ivy League.
absence companies contained continue costs employ inflation labor outlook reflect remain unit
The inflation outlook does remain contained and unit labor costs (what it costs companies to employ their workers) continue to reflect he absence of inflation pressures,
alongside capital create fact flow focus framework government markets needs private rather role support vast
The IMF needs to focus on the fact that it and all of us in government are alongside what are now vast private markets, ... Our role needs to be (to) support rather than supplant those private markets and to try to create a framework in which the flow of private capital will be stable.
attention focus needs
The IMF needs to focus its attention to countries' vulnerability
build cultural deeper engagement harmony india sure
All this suggests a deeper engagement between India and the US. These cultural connections are sure to build more harmony between the two nations.
cannot dollar tool trade
The dollar cannot and should not be a tool of trade policy.
game remarkably trend
The longer-term trend is that we've got a remarkably competitive economy, ... In the Game .
approach concerns energies focusing prudent rather stock strengthen taken
I think the approach we have taken in the administration, of focusing our energies and concerns on the fundamentals and working to strengthen those fundamentals, has been the prudent approach rather than focusing on the stock market,
added combat conflict gain gains global helping imperative poorest poverty reverse today urgency work
The overarching global imperative to work to combat poverty ... must gain added urgency today when HIV-AIDS, conflict and other catastrophes are helping to reverse years of development gains in the poorest countries,