The only antidote to dangerous ideas is strong alternatives vigorously advocated.
Lawrence SummersRead
It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.
Interpretation
This quote suggests that global events are now heavily influenced by the actions of the United States.
Lawrence Summers highlights the interconnectedness of the global economy and politics, implying that just as the U.S. once set the trends and directions for the world, the reverse is now equally true. In today's world, international events and crises can significantly influence the U.S., indicating a shift in the power dynamics that shows how dependent nations have become on one another.
In practice
This quote can be used in discussions about the impact of U.S. foreign policy on global economics.
The only antidote to dangerous ideas is strong alternatives vigorously advocated.
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.
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.
Most investors want to do today what they should have done yesterday.
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.
The idea that we should be open to all ideas is very different from the supposition that all ideas are equally valid.
The only sure bulwark of continuing liberty is a government strong enough to protect the interests of the people, and a people strong enough and well enough informed to maintain its sovereign control over the goverment.
A political convention is after all not a meeting of a corporation's board of directors; it is a fiesta, a carnival, a pig-rooting, horse-snorting, band-playing, voice-screaming medieval get-together of greed, practical lust, compromised idealism, career-advancement, meeting, feud, vendetta, conciliation, of rabble-rousers, fist fights (as it used to be), embraces, drunks (again as it used to be) and collective rivers of animal sweat.
We should certainly know by now that it is one thing to overthrow a dictator or repel an invader and quite another thing really to achieve a revolution. Time and time and time again, the people discover that they have merely betrayed themselves into the hands of yet another Pharaoh, who, since he was necessary to put the broken country together, will not let them go.
The Washington leadership has put aside non-proliferation programmes and devoted its energies and resources to driving the country to war by extraordinary deceit, then trying to manage the catastrophe it created in Iraq.
Elections should be held on April 16th- the day after we pay our income taxes. That is one of the few things that might discourage politicians from being big spenders.
I am a freeman, an American, a United States Senator, and a Democrat, in that order.
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