Jeffrey Sachs Quotes

Jeffrey Sachs
Jeffrey Sachs
American Economist
Born: Nov 5, 1954
Also Money Own Rest World You
Related authors: Alan Greenspan Herbert A. Simon John Kenneth Galbraith Milton Friedman Paul A. Volcker Richard Thaler Robert Reich Thomas Sowell
In the early 1990s, when a lot of the developing world opened up to international capital flows... they ended up in very good long-term projects, but projects that weren't going to pay off for five or 10 or 20 years. Jeffrey Sachs
Good World Pay Projects Developing Developing World Long-Term Opened Were Years Lot Off Up Very Five Ended Going Capital International Early Early 1990s Flows
We were proposing, in a sense, that the rest of the world be made safe for American ideas, as they adopted intellectual property rights that gave patent protection to our very innovative economy. Jeffrey Sachs
Property Rights World Protection Made Rest Sense Gave Innovative Our Adopted Property Rights Proposing Economy Ideas Safe Were Intellectual Intellectual Property Very Patent American
Unfortunately, the real focus in this country has not been on the rest of the world. It's been on our own issues and our own problems. Fair enough. But it means that our simple hopes that everything will just work out abroad aren't really coming to pass. Jeffrey Sachs
Work World Simple Problems Will Focus Rest Country Own Enough Our Everything Out Hopes Abroad Fair Pass Real Coming Issues Been Just Unfortunately Work Out Really Means
The truth of good economic doctoring is to know the general principles, and to really know the specifics. To understand the context, and also, to understand that an economy may need some tender loving care, not just the so-called hard truths, if it's going to get by. Jeffrey Sachs
Truth Good Care Some General Economic Tender Economy Know Also Principles Understand Context Truths Get Going May Just So-Called Loving Really Hard Need
In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit more and do even better. Jeffrey Sachs
Financial Better Own Living Saving Bit Markets Financial Markets Borrow More Open Had Countries Economies Well Doing Were Been Lot Up Quite Decided Asia Capital Successful International Even Early Here Early 1990s
I think the IMF helped to detonate the Indonesian crisis. Jeffrey Sachs
Think IMF Crisis Helped
We, being the Western world, wouldn't let Russia off the hook on debt. So there were demands on debt servicing in the early days until they ran out of reserves. There was no real aid program, just a fictional aid program. Jeffrey Sachs
World Aid Ran Hook Out Russia Demands Days Until Real Were Off Western Debt Western World Just Being Fictional Reserves Servicing Early Program Early Days
Devaluations are never easy. Jeffrey Sachs
Easy Never
The longer you wait, the less fun. If you wait until the bitter end, the whole economy can be destroyed. Jeffrey Sachs
You Wait Destroyed Bitter Bitter End Longer Economy Until End Less Fun Whole
Let's start fresh with Russia on some real help and some real reform. Jeffrey Sachs
Some Russia Fresh Real Reform Real Reform Help Start
We're going to have to forgive a great deal of the Soviet era debt. There's no question about that. Let's face up to that. We're going to have to put in money if Russia is really going to consolidate a democracy. Jeffrey Sachs
Great Democracy Money Great Deal Face Consolidate About Russia No Question Put Deal Era Question Up Debt Forgive Soviet Going Really
If we did go into a recession, something that's always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold. Jeffrey Sachs
Money Recession Worrying Possible About Something Rates Could Price Supply Without Always Go Expand Did Gold Interest Interest Rates Lower Europe
The idea that UN commitments should be followed by action is indeed a radical one, especially for the United States, where wilful neglect of its own commitments is the rule. Jeffrey Sachs
Own Action Radical Neglect Rule Indeed States UN Followed Idea Commitments Where Should United United States
White House and State Department foreign-policy experts are overwhelmingly directed towards military and diplomatic issues, not development issues. Jeffrey Sachs
White White House Military State State Department Diplomatic Directed Development Towards House Issues Department Experts
Senior development specialists in the Treasury can be counted on one hand. America's government is not even aware of the gap between its commitments and action, because almost nobody in authority understands the actions that would be needed to meet the commitments. Jeffrey Sachs
Government Action Meet Would Would-Be Counted Almost Development Between Nobody Because Understands Hand America Authority Commitments Senior Actions Even Gap Specialists Aware Treasury Needed
Despite a decade of criticism and budget cuts, the specialised UN agencies have far more expertise and hands-on experience than any other organisations in the world. Jeffrey Sachs
Experience World Criticism Other Despite UN More Budget Budget Cuts Than Decade Hands-On Any Expertise Agencies Far Cuts Organisations Specialised

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