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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.

— Lawrence Summers

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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.

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.

With uncertainty in oil markets, a buildup of speculative pressures and the large U.S. current account deficit, there is a real possibility that Paulson's crisis-management skills will be tested.

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Health is the greatest gift, contentment is the greatest wealth, a trusted friend is the best relative, Nibbana is the greatest bliss.

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Opulence is always the result of theft, if not committed by the actual possessor, then by his predecessor.

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Bourgeois society is ruled by equivalence. It makes the dissimilar comparable by reducing it to abstract quantities. To the Enlightenment, that which does not reduce to numbers, and ultimately to the one, becomes illusion.

Max Horkheimer Dialektik der Aufklärung [Dialectic of Enlightenment (1944)

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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.