Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.
Lawrence SummersRead
The only antidote to dangerous ideas is strong alternatives vigorously advocated.
Interpretation
To combat harmful ideas, we must present and promote robust, opposing viewpoints.
Lawrence Summers emphasizes the importance of counteracting dangerous ideas by actively promoting strong alternative perspectives. Instead of merely dismissing harmful thoughts, it is vital to passionately advocate for positive, constructive ideas that can effectively challenge and replace them, fostering a healthier discourse and informed decision-making in society.
In practice
In a debate about climate change, one might use this quote to emphasize the need for strong environmental policies as alternatives to misinformation.
Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.
It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.
A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could.
Most investors want to do today what they should have done yesterday.
We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.
The idea that we should be open to all ideas is very different from the supposition that all ideas are equally valid.
Daddy says the world is a drum tight and hard and I told him I'm gonna beat out my own rhythm.
Worry is a dividend paid to disaster before it is due
When you sing that this country was founded on freedom, don't forget the duet of shackles dragging against the ground my entire life.
Your freedom when it loses its fetters becomes itself the fetter of a greater freedom.
Action and contemplation are very close companions; they live together in one house on equal terms. Martha and Mary are sisters.
Passion is a rather frightening thing because if you have passion you don't know where it will take you.
Subscribe for the occasional hand-picked quote. No noise.