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"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."
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"Don't get involved in partial problems, but always take flight to where there is a free view over the whole single great problem, even if this view is still not a clear one."

"These are national problems that require national solutions."

"Letterman... he got his problems. We don't get along too well."

"Twenty-five years ago, the notion was you could create a general problem-solver software that could solve problems in many different domains. That just turned out to be totally wrong."

"Problems are not the problem; coping is the problem."

"Coppola has problems getting financing, so why should I not have problems getting financing."

"We are all faced with a series of great opportunities - brilliantly disguised as insoluble problems."
Explore more quotes by Larry Summers

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

"It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today."

"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."

"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."

"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 to our level of openness."

"Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response."

"Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient."

"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."
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