Contagion has become very much a phenomenon, and it's a phenomenon of globalization.
Lawrence SummersThe idea that we should be open to all ideas is very different from the supposition that all ideas are equally valid.
Lawrence SummersGlobal 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.
Lawrence SummersIt says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.
Lawrence Summers