Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

Jeffrey Sachs
Age: 70
Born: 1954
Born: November 5
Economist
University Teacher
Writer
Detroit
Michigan
Jeffrey David Sachs
Jeffrey D. Sachs
Money
Lower
Without
Price
Something
Rate
Recession
Always
Gold
Recessions
Europe
Rates
Worry
Expand
Possible
Worrying
Interest
Supply

More quotes by Jeffrey Sachs

Image
At the most basic level, the key to ending extreme poverty is to enable the poorest of the poor to get their foot on the ladder of development.
Jeffrey Sachs
Image
It's quite possible to arrive in the year 2030 where people are no longer dying of poverty. We could actually help lead a global end-not a reduction, but an end-to absolute poverty...I have always found that a committed, powerful group of leaders, can make a huge difference.
Jeffrey Sachs
Image
My colleagues and I took a stand in our work several years ago that we would not look for the magic bullet, because there is none. These are just basic problems requiring basic work. Nothing magic about it.
Jeffrey Sachs
Image
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
Image
Our interconnectedness on the planet is the dominating truth of the 21st century. One stark result is that the world's poor live, and especially die, with the awareness that the United States is doing little to mobilise the weapons of mass salvation that could offer them survival, dignity and eventually the escape from poverty.
Jeffrey Sachs
Image
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
Image
This is our greatest challenge: learning to live in a crowded and interconnected world that is creating unprecedented pressures on human society and on the physical environment.
Jeffrey Sachs
Image
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 to borrow a bit more and do even better.
Jeffrey Sachs
Image
Globalization was a deep trend pushed by technology and right ideas, as much as anything else.
Jeffrey Sachs
Image
The runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia.
Jeffrey Sachs
Image
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
Image
History is written by the rich, and so the poor get blamed for everything.
Jeffrey Sachs
Image
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
Image
It's not so unusual to run out of someone else's currency.
Jeffrey Sachs
Image
It's the American leadership that has not played the role it should be playing and that leaders in other countries have been playing.
Jeffrey Sachs
Image
The world got side-tracked from development issues during the post-9/11 crisis period.
Jeffrey Sachs
Image
There is no economic imperative that will condemn us to deplete our vital resource base, but neither is there an invisible hand that will prevent us from doing so.
Jeffrey Sachs
Image
The essence of Africa's crises is fundamentally it's extreme poverty.
Jeffrey Sachs
Image
Every morning our newspapers could read, 'More than 20,000 people perished yesterday of extreme poverty.' How? The poor die in hospital wards that lack drugs, in villages that lack antimalarial bed nets, in houses that lack safe drinking water. They die namelessly, without public comment. Sadly, sad stories rarely get written.
Jeffrey Sachs
Image
Devaluations are never easy.
Jeffrey Sachs