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"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."
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Exlpore more Time quotes
"Eternity is a mere moment, just long enough for a joke."
"The value of time is immeasurable."
"Sometimes I feel like if you just watch things, just sit still and let the world exist in front of you - sometimes I swear that just for a second time freezes and the world pauses in its tilt. Just for a second. And if you somehow found a way to live in that second, then you would live forever."
"Worrying about what happened on Monday, or, what might happen on Wednesday, is at the expense of one's Tuesday."
"Don't equate effective living to being busy."
"People wish to learn to swim and at the same time to keep one foot on the ground."
"Time passes..and a billion lives are affected in ways we'll never know."
Explore more quotes by Larry Summers
"You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government."
"It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets."
"Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient."
"Now is the time for us to strike. We must strengthen our foothold in Asia, to ensure no nation overtakes us."
"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."
"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."
"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."
"Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response."
"It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today."
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