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Top 30 Lawrence Summers Quotes (2025 Update)

Lawrence Summers Quote: “A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could.”

1. “A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could.”

— Lawrence Summers

Lawrence Summers Quote: “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.”

2. “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.”

— Lawrence Summers

Lawrence Summers Quote: “I have always thought that underpopulated countries in Africa are vastly underpolluted.”

3. “I have always thought that underpopulated countries in Africa are vastly underpolluted.”

— Lawrence Summers

Lawrence Summers Quote: “Most investors want to do today what they should have done yesterday.”

4. “Most investors want to do today what they should have done yesterday.”

— Lawrence Summers

Lawrence Summers Quote: “Start with the idea that you can’t repeal the laws of economics. Even if they are inconvenient.”

5. “Start with the idea that you can’t repeal the laws of economics. Even if they are inconvenient.”

— Lawrence Summers

Lawrence Summers Quote: “Spread the truth-the laws of economics are like the laws of engineering. One set of laws works everywhere.”

6. “Spread the truth-the laws of economics are like the laws of engineering. One set of laws works everywhere.”

— Lawrence Summers

Lawrence Summers Quote: “In the history of the world, no one has ever washed a rented car.”

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

— Lawrence Summers

Lawrence Summers Quote: “In politics, as in poetry, it is sometimes true that it is darkest before dawn.”

8. “In politics, as in poetry, it is sometimes true that it is darkest before dawn.”

— Lawrence Summers

Lawrence Summers Quote: “All taxes discourage something. Why not discourage bad things like pollution rather than good things like working?”

9. “All taxes discourage something. Why not discourage bad things like pollution rather than good things like working?”

— Lawrence Summers

Lawrence Summers Quote: “Blaming speculators as a response to financial crisis goes back at least to the Greeks. It’s almost always the wrong response.”

10. “Blaming speculators as a response to financial crisis goes back at least to the Greeks. It’s almost always the wrong response.”

— Lawrence Summers

Lawrence Summers Quote: “In this age of electronic money, investors are no longer seduced by a financial ‘dance of a thousand veils.’ Only hard and accurate information on reserves, current accounts, and monetary and fiscal conditions will keep capital from fleeing precipitously at the first sign of trouble.”

11. “In this age of electronic money, investors are no longer seduced by a financial ‘dance of a thousand veils.’ Only hard and accurate information on reserves, current accounts, and monetary and fiscal conditions will keep capital from fleeing precipitously at the first sign of trouble.”

— Lawrence Summers

Lawrence Summers Quote: “There are children who are working in textile businesses in Asia who would be prostitutes on the streets if they did not have those jobs.”

12. “There are children who are working in textile businesses in Asia who would be prostitutes on the streets if they did not have those jobs.”

— Lawrence Summers

Lawrence Summers Quote: “Contagion has become very much a phenomenon, and it’s a phenomenon of globalization.”

13. “Contagion has become very much a phenomenon, and it’s a phenomenon of globalization.”

— Lawrence Summers

Lawrence Summers Quote: “I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to it.”

14. “I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to it.”

— Lawrence Summers

Lawrence Summers Quote: “The idea that we should be open to all ideas, is very different from the supposition that all ideas are equally valid.”

15. “The idea that we should be open to all ideas, is very different from the supposition that all ideas are equally valid.”

— Lawrence Summers

Lawrence Summers Quote: “Deflation and secular stagnation are the risks of our time.”

16. “Deflation and secular stagnation are the risks of our time.”

— Lawrence Summers

Lawrence Summers Quote: “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.”

17. “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.”

— Lawrence Summers

Lawrence Summers Quote: “It says something about this new global economy that USA Today now reports every morning on the day’s events in Asian markets.”

18. “It says something about this new global economy that USA Today now reports every morning on the day’s events in Asian markets.”

— Lawrence Summers

Lawrence Summers Quote: “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.”

19. “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.”

— Lawrence Summers

Lawrence Summers Quote: “Many children are taught to believe in God. I came to believe in the power of systems analysis.”

20. “Many children are taught to believe in God. I came to believe in the power of systems analysis.”

— Lawrence Summers

Lawrence Summers Quote: “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.”

21. “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.”

— Lawrence Summers

Lawrence Summers Quote: “If you look at the history of the American capital market, there’s probably no innovation more important than the idea of generally accepted accountancy principles.”

22. “If you look at the history of the American capital market, there’s probably no innovation more important than the idea of generally accepted accountancy principles.”

— Lawrence Summers

Lawrence Summers Quote: “It certainly was difficult to sell NAFTA because it’s always difficult to sell open markets.”

23. “It certainly was difficult to sell NAFTA because it’s always difficult to sell open markets.”

— Lawrence Summers

Lawrence Summers Quote: “The only antidote to dangerous ideas is strong alternatives vigorously advocated.”

24. “The only antidote to dangerous ideas is strong alternatives vigorously advocated.”

— Lawrence Summers

Lawrence Summers Quote: “The major challenge for the United States is whether it can become the first outward-looking, continental, nonimperialist power in history.”

25. “The major challenge for the United States is whether it can become the first outward-looking, continental, nonimperialist power in history.”

— Lawrence Summers

Lawrence Summers Quote: “We must recognise that in an integrated world, trade cannot be divorced from other concerns. We need to promote free trade and serious global efforts with respect to common problems even as we support every nation’s right to chart its own course.”

26. “We must recognise that in an integrated world, trade cannot be divorced from other concerns. We need to promote free trade and serious global efforts with respect to common problems even as we support every nation’s right to chart its own course.”

— Lawrence Summers

Lawrence Summers Quote: “I promise you that there are a lot of people involved in various kinds of retail activities who think they have a crucial role in the economy, and they’re right.”

27. “I promise you that there are a lot of people involved in various kinds of retail activities who think they have a crucial role in the economy, and they’re right.”

— Lawrence Summers

Lawrence Summers Quote: “Where countries have been able to carry through on their reform commitments – as in Korea, Thailand and the Philippines – results are starting to come in the form of lower interest rates, new investment and increased growth.”

28. “Where countries have been able to carry through on their reform commitments – as in Korea, Thailand and the Philippines – results are starting to come in the form of lower interest rates, new investment and increased growth.”

— Lawrence Summers

Lawrence Summers Quote: “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.”

29. “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.”

— Lawrence Summers

Lawrence Summers Quote: “You can’t have a situation in which companies proceed on a permanent basis relying only on cash from the government.”

30. “You can’t have a situation in which companies proceed on a permanent basis relying only on cash from the government.”

— Lawrence Summers

Lawrence Summers Quote: “The availability of private insurance provides tremendous insulation for millions of individuals.”

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

— Lawrence Summers

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