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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• Lawrence Summers:

  In the history of the world, no one has ever washed a rented car.

• Lawrence Summers:

  I've always thought that underpopulated countries in Africa are vastly underpolluted.

• Lawrence Summers:

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

• Lawrence Summers:

  The availability of private insurance provides tremendous insulation for millions of individuals.

• Lawrence Summers:

  Contagion has become very much a phenomenon, and it's a phenomenon of globalization.

• Lawrence Summers:

  It certainly was difficult to sell NAFTA because it's always difficult to sell open markets.

• Lawrence Summers:

  I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impec

• Lawrence Summers:

  There are children who are working in textile businesses in Asia who would be prostitutes on the st

• Lawrence Summers:

  If you look at the history of the American capital market, there's probably no innovation more impo

• Lawrence Summers:

  But ultimately what I was impressed by during my years in government was how much the intellectual