Skip to content

We know the first rule of holes is stop digging. We are in a hole that we have made. If we stop digging, the situation is less serious than if we continue to dig.

— Lawrence Summers

Another quote →

More quotes by Lawrence Summers

The situation in a number of countries reminds one that it's still a risky world out there in the emerging markets.

Things take longer to happen than you think they will and then they happen faster than you think they will.

The world over, private financial markets fail when it comes to the very poor, ... Mainstream banks do not seek out poor communities—because that’s not where the money is.

Takeovers wouldn't cause the stock market to rise unless there is an upward reassessment of earnings (potential). People are more optimistic and confident about the future.

No free country will ever again have anything like the 90 percent tax rates that we had in this country. Past a certain point, high marginal tax rates are, indeed, terribly destructive.

All Lawrence Summers quotes →

Attribution

Quote text and notes from Wikiquote: Lawrence Summers (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.