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In Europe, the stronger growth and reductions in unemployment are now arriving, ... But for better performance to endure, Europe will require substantial structural reforms. - Lawrence Summers Quotes

In Europe, the stronger growth and reductions in unemployment are now arriving, ... But for better performance to endure, Europe will require substantial structural reforms.

Lawrence Summers

It should not be a source of low-cost financing for countries with ready access to private capital, or long-term welfare for countries that cannot break the habit of bad policies, - Lawrence Summers Quotes

It should not be a source of low-cost financing for countries with ready access to private capital, or long-term welfare for countries that cannot break the habit of bad policies,

Lawrence Summers

The two-way flow of traffic between India and Harvard is going to be much bigger in the next 5-10 years. - Lawrence Summers Quotes

The two-way flow of traffic between India and Harvard is going to be much bigger in the next 5-10 years.

Lawrence Summers

The president has made it very clear that he will not sign any budget measure that doesn't put Social Security and Medicare first, that doesn't take those steps forward (and) certainly any measures that would put at risk the progress we've made in paying down the debt, - Lawrence Summers Quotes

The president has made it very clear that he will not sign any budget measure that doesn't put Social Security and Medicare first, that doesn't take those steps forward (and) certainly any measures that would put at risk the progress we've made in paying down the debt,

Lawrence Summers

I think the G7 statement speaks for itself and I don't want to add to what it says, ... I don't want to go beyond the language in the communiquÃÂ©. - Lawrence Summers Quotes

I think the G7 statement speaks for itself and I don't want to add to what it says, ... I don't want to go beyond the language in the communiquÃÂ©.

Lawrence Summers

As long as we keep our fundamentals strong...the dollar (and) U.S. borrowing costs will do just fine. - Lawrence Summers Quotes

As long as we keep our fundamentals strong...the dollar (and) U.S. borrowing costs will do just fine.

Lawrence Summers

sharp rise in the price of oil is an important concern for consumers and businesses around the world, and has the potential to hit developing countries particularly hard. - Lawrence Summers Quotes

sharp rise in the price of oil is an important concern for consumers and businesses around the world, and has the potential to hit developing countries particularly hard.

Lawrence Summers

Today, the IRS operates in a low-trust, short-tether budgeting environment, ... This makes rational planning for capital projects such as information technology very difficult. - Lawrence Summers Quotes

Today, the IRS operates in a low-trust, short-tether budgeting environment, ... This makes rational planning for capital projects such as information technology very difficult.

Lawrence Summers

We've seen some indications that there may be some hoarding behavior, but there are many, many factors that influence oil prices, both with respect to the short run and over the medium term, ... But there's no question that -- as in any freely trading market -- there's a psychological element that enters in from time to time. - Lawrence Summers Quotes

We've seen some indications that there may be some hoarding behavior, but there are many, many factors that influence oil prices, both with respect to the short run and over the medium term, ... But there's no question that -- as in any freely trading market -- there's a psychological element that enters in from time to time.

Lawrence Summers

Our policy on the dollar is unchanged, - Lawrence Summers Quotes

Our policy on the dollar is unchanged,

Lawrence Summers

Our national savings rate is still far too low, driven by a personal savings rate that is not where it should be, - Lawrence Summers Quotes

Our national savings rate is still far too low, driven by a personal savings rate that is not where it should be,

Lawrence Summers

We have been pleased with the market response (to the 10-year indexed notes), ... A liquid market has developed. - Lawrence Summers Quotes

We have been pleased with the market response (to the 10-year indexed notes), ... A liquid market has developed.

Lawrence Summers

The IMF needs to focus on the fact that it and all of us in government are alongside what are now vast private markets, ... Our role needs to be (to) support rather than supplant those private markets and to try to create a framework in which the flow of private capital will be stable. - Lawrence Summers Quotes

The IMF needs to focus on the fact that it and all of us in government are alongside what are now vast private markets, ... Our role needs to be (to) support rather than supplant those private markets and to try to create a framework in which the flow of private capital will be stable.

Lawrence Summers

Focus

For these three reasons -- national security, how China evolves, our commercial interests -- I believe that this agreement is very much in our national interest. - Lawrence Summers Quotes

For these three reasons -- national security, how China evolves, our commercial interests -- I believe that this agreement is very much in our national interest.

Lawrence Summers

I think the approach we have taken in the administration, of focusing our energies and concerns on the fundamentals and working to strengthen those fundamentals, has been the prudent approach rather than focusing on the stock market, - Lawrence Summers Quotes

I think the approach we have taken in the administration, of focusing our energies and concerns on the fundamentals and working to strengthen those fundamentals, has been the prudent approach rather than focusing on the stock market,

Lawrence Summers

dramatically simplify record keeping for more than 60 million families. - Lawrence Summers Quotes

dramatically simplify record keeping for more than 60 million families.

Lawrence Summers

The IRS needs to be more responsive to taxpayers, to use technology more effectively and to be more efficient, - Lawrence Summers Quotes

The IRS needs to be more responsive to taxpayers, to use technology more effectively and to be more efficient,

Lawrence Summers

He is not only an immensely talented and versatile performer, but also someone who has given a great deal of himself to the university and especially to the vitality of the arts at Harvard, - Lawrence Summers Quotes

He is not only an immensely talented and versatile performer, but also someone who has given a great deal of himself to the university and especially to the vitality of the arts at Harvard,

Lawrence Summers

I've always thought that underpopulated countries in Africa are vastly underpolluted. - Lawrence Summers Quotes

I've always thought that underpopulated countries in Africa are vastly underpolluted.

Lawrence Summers

American Economist

There has not been a time in the last century where there has been so much misunderstanding of the US and so much misunderstanding by the US of the world, - Lawrence Summers Quotes

There has not been a time in the last century where there has been so much misunderstanding of the US and so much misunderstanding by the US of the world,

Lawrence Summers

These are clearly issues of great complexity, there is no single structure, no single silver bullet that will be a solution to these problems, - Lawrence Summers Quotes

These are clearly issues of great complexity, there is no single structure, no single silver bullet that will be a solution to these problems,

Lawrence Summers

These developments create a situation where I think there is more room than there might have been in the past to sit back and analyze what it is that happened, and think best about how in all of our countries we can avoid a recurrence of such problems, - Lawrence Summers Quotes

These developments create a situation where I think there is more room than there might have been in the past to sit back and analyze what it is that happened, and think best about how in all of our countries we can avoid a recurrence of such problems,

Lawrence Summers

Past

Growing demand and growing markets and networks will tend to reduce costs and raise efficiency, making successful economic management all the more important, - Lawrence Summers Quotes

Growing demand and growing markets and networks will tend to reduce costs and raise efficiency, making successful economic management all the more important,

Lawrence Summers

We believe the global expansion needs to be balanced up, not balanced down, ... An adjustment should take place in our countries through increased public savings. Internationally, there needs to be an adjustment through an increase in exports rather than reduced imports. - Lawrence Summers Quotes

We believe the global expansion needs to be balanced up, not balanced down, ... An adjustment should take place in our countries through increased public savings. Internationally, there needs to be an adjustment through an increase in exports rather than reduced imports.

Lawrence Summers

Certainly there was reference to that (Friday's stock market plunge) but the focus of our discussions was on the fundamentals of our economies, what we could do together to develop and sustain economic growth, ... With respect to the stock market, our focus is not to focus on that. - Lawrence Summers Quotes

Certainly there was reference to that (Friday's stock market plunge) but the focus of our discussions was on the fundamentals of our economies, what we could do together to develop and sustain economic growth, ... With respect to the stock market, our focus is not to focus on that.

Lawrence Summers

Focus

We discussed developments in our exchange and financial markets, ... In this context, we emphasized our view that exchange rates among major currencies should reflect economic fundamentals. We will continue to monitor developments in exchange markets and cooperate as appropriate. - Lawrence Summers Quotes

We discussed developments in our exchange and financial markets, ... In this context, we emphasized our view that exchange rates among major currencies should reflect economic fundamentals. We will continue to monitor developments in exchange markets and cooperate as appropriate.

Lawrence Summers

The inflation outlook does remain contained and unit labor costs (what it costs companies to employ their workers) continue to reflect he absence of inflation pressures, - Lawrence Summers Quotes

The inflation outlook does remain contained and unit labor costs (what it costs companies to employ their workers) continue to reflect he absence of inflation pressures,

Lawrence Summers

The government has done its part, now it's time that people do their part, ... We have never, in our country, had a moment of economic expansion as strong as the present. So right now it is critical to plan for future. - Lawrence Summers Quotes

The government has done its part, now it's time that people do their part, ... We have never, in our country, had a moment of economic expansion as strong as the present. So right now it is critical to plan for future.

Lawrence Summers

With respect to the action that was taken, it was certainly a constructive step reflecting a careful attempt to respond to pressures that had gathered in the oil sector over time, - Lawrence Summers Quotes

With respect to the action that was taken, it was certainly a constructive step reflecting a careful attempt to respond to pressures that had gathered in the oil sector over time,

Lawrence Summers

We are mindful that we must not take our expansion for granted. - Lawrence Summers Quotes

We are mindful that we must not take our expansion for granted.

Lawrence Summers

to take strong steps... to create confidence and to build on the very strong foundation for prosperity that Indonesia enjoys. - Lawrence Summers Quotes

to take strong steps... to create confidence and to build on the very strong foundation for prosperity that Indonesia enjoys.

Lawrence Summers

Jack Meyer did a great job for Harvard. - Lawrence Summers Quotes

Jack Meyer did a great job for Harvard.

Lawrence Summers

I am worried that we will become a stratified economy, like many in Latin America where the prosperous and the advantaged stay prosperous, and the poor and disadvantaged stay poor, - Lawrence Summers Quotes

I am worried that we will become a stratified economy, like many in Latin America where the prosperous and the advantaged stay prosperous, and the poor and disadvantaged stay poor,

Lawrence Summers

Harvard's endowment is critical to the university's academic and financial aid programs and to its capacity for growth, ... the endowment will continue to be overseen and invested with the highest level of professionalism and expertise. - Lawrence Summers Quotes

Harvard's endowment is critical to the university's academic and financial aid programs and to its capacity for growth, ... the endowment will continue to be overseen and invested with the highest level of professionalism and expertise.

Lawrence Summers

The IRS faces a multitude of restrictions -- restrictions that would be unacceptable in the private sector -- that hamper its ability to provide efficient service, - Lawrence Summers Quotes

The IRS faces a multitude of restrictions -- restrictions that would be unacceptable in the private sector -- that hamper its ability to provide efficient service,

Lawrence Summers

What we must not do is attack the IRS in order to promote other agendas, - Lawrence Summers Quotes

What we must not do is attack the IRS in order to promote other agendas,

Lawrence Summers

By the end of next year, we expect to establish a regular schedule for offering inflation-indexed securities with maturities of five, 10 and 30 years, - Lawrence Summers Quotes

By the end of next year, we expect to establish a regular schedule for offering inflation-indexed securities with maturities of five, 10 and 30 years,

Lawrence Summers

The ongoing task of debt management for the federal government will clearly be very different in the years ahead than it has been in the past, when debt was rapidly increasing, ... With $3.6 trillion in debt outstanding, even a 3 basis point (0.03 percentage point) reduction in federal borrowing costs will ultimately produce savings of more than $1 billion per year. - Lawrence Summers Quotes

The ongoing task of debt management for the federal government will clearly be very different in the years ahead than it has been in the past, when debt was rapidly increasing, ... With $3.6 trillion in debt outstanding, even a 3 basis point (0.03 percentage point) reduction in federal borrowing costs will ultimately produce savings of more than $1 billion per year.

Lawrence Summers

Debt

The president has set a principle: No bank with an unsatisfactory CRA rating could take advantage of any of the powers granted by this deregulation, - Lawrence Summers Quotes

The president has set a principle: No bank with an unsatisfactory CRA rating could take advantage of any of the powers granted by this deregulation,

Lawrence Summers

The IMF needs to focus its attention to countries' vulnerability - Lawrence Summers Quotes

The IMF needs to focus its attention to countries' vulnerability

Lawrence Summers

The essence of understanding capitalism is to recognize that the interest is not in the survival of particular capitalists, but of the system of capitalism. The most sclerotic economies are those where there never are any shakeouts; there never is any competitive pressure where failure is not a possibility. While shakeouts are painful, they set the stage for redeployment of resources for more productive uses in the future. - Lawrence Summers Quotes

The essence of understanding capitalism is to recognize that the interest is not in the survival of particular capitalists, but of the system of capitalism. The most sclerotic economies are those where there never are any shakeouts; there never is any competitive pressure where failure is not a possibility. While shakeouts are painful, they set the stage for redeployment of resources for more productive uses in the future.

Lawrence Summers

U.S. budget and current account deficits are very important contributors to an unbalanced global economy, while the U.S. deficit has been a source of demand that has propelled the global economy forward for some years now. - Lawrence Summers Quotes

U.S. budget and current account deficits are very important contributors to an unbalanced global economy, while the U.S. deficit has been a source of demand that has propelled the global economy forward for some years now.

Lawrence Summers

What is happening in India and China... The integration of the four-fifths of the world where people are poor with the one fifth of the world where people are rich, has the potential to be one of the three most important economic events in the last millennium, alongside the Renaissance and the Industrial Revolution. - Lawrence Summers Quotes

What is happening in India and China... The integration of the four-fifths of the world where people are poor with the one fifth of the world where people are rich, has the potential to be one of the three most important economic events in the last millennium, alongside the Renaissance and the Industrial Revolution.

Lawrence Summers

TARGETING POOR ZIP CODES. This is a clear and unambiguous commitment. - Lawrence Summers Quotes

TARGETING POOR ZIP CODES. This is a clear and unambiguous commitment.

Lawrence Summers

An SAT score means one thing if the student comes from an affluent school, where there are SAT prep courses, and a very different thing if the student comes from a disadvantaged background where there was no SAT classes of any kind. - Lawrence Summers Quotes

An SAT score means one thing if the student comes from an affluent school, where there are SAT prep courses, and a very different thing if the student comes from a disadvantaged background where there was no SAT classes of any kind.

Lawrence Summers

We are considering naming chairs after distinguished Indians. The research center will look at a broad canvas of research on all aspects of India. - Lawrence Summers Quotes

We are considering naming chairs after distinguished Indians. The research center will look at a broad canvas of research on all aspects of India.

Lawrence Summers

The one exception was a technical matter relating to financial modernization: but there Alan simply waited until I left and then very quickly resolved the matter with Larry, - Lawrence Summers Quotes

The one exception was a technical matter relating to financial modernization: but there Alan simply waited until I left and then very quickly resolved the matter with Larry,

Lawrence Summers

As damaging as these attacks have been, the vast majority were conducted by disgruntled individuals, ... We face a future, though, where criminals, terrorists or even nation-states may use the same tools in a more organized way for darker purposes. - Lawrence Summers Quotes

As damaging as these attacks have been, the vast majority were conducted by disgruntled individuals, ... We face a future, though, where criminals, terrorists or even nation-states may use the same tools in a more organized way for darker purposes.

Lawrence Summers

[And at a Capitol Hill news conference, Treasury Secretary Lawrence Summers warned that huge tax cuts also could have unwanted economic consequences, including higher interest rates, greater inflation and a larger public debt.] The tax cuts that have been put on the table represent a reversal of course, ... Confidence is crucial. It is time for us to make the right and prudent decision. - Lawrence Summers Quotes

[And at a Capitol Hill news conference, Treasury Secretary Lawrence Summers warned that huge tax cuts also could have unwanted economic consequences, including higher interest rates, greater inflation and a larger public debt.] The tax cuts that have been put on the table represent a reversal of course, ... Confidence is crucial. It is time for us to make the right and prudent decision.

Lawrence Summers

The overarching global imperative to work to combat poverty ... must gain added urgency today when HIV-AIDS, conflict and other catastrophes are helping to reverse years of development gains in the poorest countries, - Lawrence Summers Quotes

The overarching global imperative to work to combat poverty ... must gain added urgency today when HIV-AIDS, conflict and other catastrophes are helping to reverse years of development gains in the poorest countries,

Lawrence Summers

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