It's the American leadership that has not played the role it should be playing and that leaders in other countries have been playing.

My concern is not that there are too many sweatshops, but that there are too few.

The truth of good economic doctoring is to know the general principles, and to really know the specifics. To understand the context, and also, to understand that an economy may need some tender loving care, not just the so-called hard truths, if it's going to get by.

Devaluations are never easy.

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

It's not so unusual to run out of someone else's currency.

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