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Exlpore more Finance quotes
"The hardest thing to understand in the world is the income tax."
"Asean is obviously a very important association for us. Over the past 30 years Asean has made great strides in regional cooperation covering a number of areas, although recently it has been under strain because of the financial crisis and other challenges."
"He became convinced that ordinary commercial financing could be done for a service charge plus an insurance fee amounting to much less that the current rates of interest charged by banks, whose rates were based on supply and demand, treating money as a commodity rather than as a sovereign state's means of exchange."
"A man with nothing to lend should refrain from borrowing."
"When individuals are exchanging present goods against future goods they do not take account in their valuations of Variations in the objective exchange-value of money. Lenders and borrowers are not in the habit of allowing for possible future fluctuations in the objective exchange-value of money."
"Thirty to 40 years ago, most financial decisions were fairly simple."
"When buying shares, ask yourself, would you buy the whole company?"
Explore more quotes by Larry Summers
"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."
"It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets."
"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 America developed in 2007 and 2008 is going to be one of those crises."
"You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government."
"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."
"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."
"Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient."
"It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today."
"Now is the time for us to strike. We must strengthen our foothold in Asia, to ensure no nation overtakes us."
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