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"You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government."
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"I am concerned about the whole man. I am concerned about what the people, using their government as an instrument and a tool, can do toward building the whole man, which will mean a better society and a better world."
"No more distressing moment can ever face a British government than that which requires it to come to a hard, fast and specific decision."
"Democracy is not so much a form of government as a set of principles."
"There's no trick to being a humorist when you have the whole government working for you."
"In the US, there is basically one party - the business party. It has two factions, called Democrats and Republicans, which are somewhat different but carry out variations on the same policies. By and large, I am opposed to those policies. As is most of the population."
"On account of being a democracy and run by the people, we are the only nation in the world that has to keep a government four years, no matter what it does."
"Democracy means government by the uneducated, while aristocracy means government by the badly educated."
"There are no doubts that western governments are willfully inducing radiation sickness into segments of their city populations."
"The ugliest government is the one which is spreading fear to its own people! The finest government is the one which encourages its own people to criticize the government harshly."
"Under the doctrine of separation of powers, the manner in which the president personally exercises his assigned executive powers is not subject to questioning by another branch of government."
Explore more quotes by Larry Summers
"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."
"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."
"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."
"Now is the time for us to strike. We must strengthen our foothold in Asia, to ensure no nation overtakes us."
"Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response."
"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 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."
"Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient."
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