Global 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 SummersI have always thought that underpopulated countries in Africa are vastly underpolluted.
Lawrence SummersThe major challenge for the United States is whether it can become the first outward-looking, continental, nonimperialist power in history.
Lawrence SummersMany children are taught to believe in God. I came to believe in the power of systems analysis.
Lawrence SummersSpread the truth-the laws of economics are like the laws of engineering. One set of laws works everywhere.
Lawrence SummersJust between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]?... I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that... I’ve always though that under-populated countries in Africa are vastly UNDER-polluted, their air quality is probably vastly inefficiently low compared to Los Angeles or Mexico City.
Lawrence Summers