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.
From Lawrence Summers
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.
Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient.
In politics, as in poetry, it is sometimes true that it is darkest before dawn.
In the history of the world, no one has ever washed a rented car.
Many children are taught to believe in God. I came to believe in the power of systems analysis.
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.
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.
It certainly was difficult to sell NAFTA because it's always difficult to sell open markets.
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.
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