A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could.
Lawrence SummersWhere countries have been able to carry through on their reform commitments - as in Korea, Thailand and the Philippines - results are starting to come in the form of lower interest rates, new investment and increased growth.
Lawrence SummersAll taxes discourage something. Why not discourage bad things like pollution rather than good things like working?
Lawrence SummersWith uncertainty in oil markets, a buildup of speculative pressures and the large U.S. current account deficit, there is a real possibility that Paulson's crisis-management skills will be tested.
Lawrence Summers