Larry Summers

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Last quote by Larry Summers

This is a mistake no serious business person would make. It appears to be the most egregious accounting error in a presidential budget in the nearly 40 years I have been tracking them.feedback
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May 24 2017 Facebook
Larry Summers has been quoted 52 times in 20 different articles. On this page, you will find all of Larry Summers’s quotes organized by date and topic. Alongside each quote is a link back to the article where the quote was reported, so you can go back to the source for more context if you need it. Topics that Larry Summers speaks about are Europe and United States, for example. Most recently, Larry Summers was quoted in the article Trump vs. Math saying, “This is a mistake no serious business person would make. It appears to be the most egregious accounting error in a presidential budget in the nearly 40 years I have been tracking them.”.
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Larry Summers quotes

If we do the border adjustment, my guess is that the dollar will rise substantially. I don't think it's a very good idea because I think it will cause financial problems all over the world because all kinds of dollar debtors will hugely burdened.feedback

If our policy is to try to wall off the U.S. market and try to hope that other countries fail, that could be a policy.' I think it's a policy that will be catastrophic in terms of our long-term security interests. That means anybody thinking about locating in Mexico now has a 15 percent cost advantage. That 15 percent is huge relative to what he's accomplished yelling at a few CEOs.feedback

Hyper protectionism will make us poorer. I think the limbo we're in, in respect to corporate taxes that leave trillions of dollars abroad, is untenable and does real economic damage. So I'm a strong supporter of corporate tax reform. But it should be done right. It shouldn't be something that undermines the competitiveness of many businesses.feedback

Hyper protectionism will make us poorer. Consumers will pay more for their goods, which means they'll have less spending power to spend on American goods, and that'll definitely have consequences for the economy ... Other nations will retaliate, and that'll have consequences for the health of our companies. The consequences of protection are that we will be poorer and the world will be less safe.feedback

Is this any moment for the wholesale repeal of the changes that have been made in the last eight years, suggested by some? No, I think that would be a grave mistake.feedback

I think it's hard to argue that the system is not safer today than it was 10 years ago. There's more capital by many measures, there's substantial more liquidity, there are better procedures for resolving failed institutions. There's more transparency with respect to liabilities. There's more comprehensive regulation of systemic institutions, there's better procedures for international corporations.feedback

At the same time, it does bear emphasis that if you look at a ratio that I have found relevant in some of my work - the market value of equity to the total value of assets for large banks - it's lower than it was in the decade before the financial crisis.feedback

So do we have any basis for complacency? No. Are there important issues of liquidity in the functioning of markets in difficult circumstances that remain to be addressed? Yes.feedback

The decline in the peso is a dagger at Ohio. It is a major change in the relative attractiveness of locating production activity in Mexico versus locating it in the American heartland.feedback

If it's not put to rest ... populist policies we're pursuing will only have very short-run benefits. Ultimately, there will be more uncertainty, reductions in confidence and a bit of a downward spiral.feedback

Unfortunately, the potential reforms identified by House Speaker Paul D. Ryan (R-Wis.) and President-elect Donald Trump appear likely to do significant damage to the tax base and to the U.S. and global economies.feedback

The costs [of demonetization] exceed the benefits.feedback

The only infrastructure investments it can fund are the ones that are very commercial and yield revenues.feedback

If you add it all up, it doesn't seem like a very favorable equation except for a limited number of companies that are going to benefit from the deregulatory measures.feedback

It's a sign of some serious problems that are associated with the Brexit strategy.feedback

There is every reason to expect that QE will be less impactful in a context like the present one in Europe than it was in the context of the United States.feedback

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