The runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia.

Devaluations are never easy.

If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.

White House and State Department foreign-policy experts are overwhelmingly directed towards military and diplomatic issues, not development issues.

The great leaders of the second world war alliance, Franklin Roosevelt and Winston Churchill, understood the twin sides of destruction and salvation. Their war aims were not only to defeat fascism, but to create a world of shared prosperity.

The defining challenge of the 21st century will be to face the reality that humanity shares a common fate on a crowded planet.

Everybody needs to understand that policies are going to change to make it unprofitable if you wreck the planet, those companies that continue exploring and developing fossil fuel resources for which there is no safe use are going to pay a very heavy cost for that.