Lawrence Summers

“The availability of private insurance provides tremendous insulation for millions of individuals.”

“Contagion has become very much a phenomenon, and it's a phenomenon of globalization.”

“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 it.”

“The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history.”

“It certainly was difficult to sell NAFTA because it's always difficult to sell open markets.”

“The United States basically accepted protection abroad as the price of post-war recovery. Now, that these countries have caught up to our level of prosperity, it is time for them to catch up...”

“We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that...”

“It was wrong to allow Stalin to shape the European landscape of the 20th century. It would be even more wrong to let him shape the landscape of the 21st century.”

“There are children who are working in textile businesses in Asia who would be prostitutes on the streets if they did not have those jobs.”

“It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.”