Quote

There's a lot of strength in the U.S., but there's a lot of froth also. The froth will blow off. We're going to have to face up to some realities that we're not fully facing up to right now.

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
Going
Fully
Blow
Strength
Face
Faces
Reality
Froth
Also
Realities
Right
Facing

More quotes by 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
The defining challenge of the 21st century will be to face the reality that humanity shares a common fate on a crowded planet.
Jeffrey Sachs
Image
Let the future say of our generation that we sent forth mighty currents of hope and that we worked together to heal the world.
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 world got side-tracked from development issues during the post-9/11 crisis period.
Jeffrey Sachs
Image
Russia has gone through eight years of continuing economic pain.
Jeffrey Sachs
Image
Business often does a good job supporting communities: the arts, universities, and scientific enterprises... But that philosophy has rarely reached poor countries. Even businesses that are enlightened in their home bases see Africa, Latin America, and parts of Asia as places to exploit natural resources or use cheap labor.
Jeffrey Sachs
Image
History is written by the rich, and so the poor get blamed for everything.
Jeffrey Sachs
Image
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
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
The essence of Africa's crises is fundamentally it's extreme poverty.
Jeffrey Sachs
Image
It's not so unusual to run out of someone else's currency.
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
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
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
Roosevelt talked not only about Freedom from Fear, but also Freedom from Want.
Jeffrey Sachs
Image
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
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 runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia.
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