The idea that we should be open to all ideas is very different from the supposition that all ideas are equally valid.
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 SummersWhen I look out the window at my backyard, I can't think of anything interesting to ask. I mean, it's green, it's growing-but nothing occurs to me that any concentrated effort of thought could possibly enlighten. Whereas in economic, statistical, or mathematical kinds of things, I can think lots of questions.
Lawrence SummersBlaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.
Lawrence Summers