Jeffrey Sachs Quotes

We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different.
Jeffrey Sachs

Finance, Greatest, Depression

Roosevelt talked not only about Freedom from Fear, but also Freedom from Want.
Jeffrey Sachs

Freedom, Fear, Talked

Globalization was a deep trend pushed by technology and right ideas, as much as anything else.
Jeffrey Sachs

Technology, Deep, Else

The debts are unaffordable. If they won't cancel the debts I would suggest obstruction; you do it yourselves.
Jeffrey Sachs

Won, Debts, Suggest

Devaluations are never easy.
Jeffrey Sachs

I think the IMF helped to detonate the Indonesian crisis.
Jeffrey Sachs

Crisis, Helped, Imf

It's not so unusual to run out of someone else's currency.
Jeffrey Sachs

Someone, Else, Run

Let's start fresh with Russia on some real help and some real reform.
Jeffrey Sachs

Help, Real, Start

Russia has gone through eight years of continuing economic pain.
Jeffrey Sachs

Pain, Through, Gone

The essence of Africa's crisis is fundamentally its extreme poverty.
Jeffrey Sachs

Crisis, Poverty, Africa

The longer you wait, the less fun. If you wait until the bitter end, the whole economy can be destroyed.
Jeffrey Sachs

The runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia.
Jeffrey Sachs

After, Started, Dramatic

White House and State Department foreign-policy experts are overwhelmingly directed towards military and diplomatic issues, not development issues.
Jeffrey Sachs

State, Military, House

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, Far, Criticism

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, Possible, Interest

If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.
Jeffrey Sachs

Time, Money, Short

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

Successful, Living, Here

In my view, there is an urgent need to communicate with the public and help to explain where there is consensus, and where are there doubts about the issues of sustainable development.
Jeffrey Sachs

Help, Public, View

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

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, America, Between

The basic idea was that if a country would put its economy as an integrated piece of the world system, that it would benefit from that with economic growth. I concur with that basic view.
Jeffrey Sachs

Country, Put, Idea

The great leaders of the second world war alliance, Franklin Roosevelt and Winston Churchill, understood the twin sides of destruction and salvation. Their war aims were not only to defeat fascism, but to create a world of shared prosperity.
Jeffrey Sachs

Great, War, Defeat

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

Idea, Action, United

The Russian drama began at the end of 1991, when the Soviet Union mercifully ended. Russia and 14 other new countries emerged from the ruins of the Soviet Union. Every one of those 15 new states faced a profound historical, economic, financial, social and political challenge.
Jeffrey Sachs

End, Political, Challenge

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

Good, Truth, Care

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Biography

Nationality: American

Type: Economist

Born: November 5, 1954

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