We had a booming stock market in 1929 and then went into the worlds 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
Theres a lot of strength in the U.S., but theres a lot of froth also. The froth will blow off. Were going to have to face up to some realities that were not fully facing up to right now. – Jeffrey Sachs
Globalization was a deep trend pushed by technology and right ideas, as much as anything else. – Jeffrey Sachs
Roosevelt talked not only about Freedom from Fear, but also Freedom from Want. – Jeffrey Sachs
The confidence is really driven by the woman – whether she can have the confidence that there will be enough earning or income to finance all the domestic spending – but also by the middle-income class, which for many Asian countries has become the growth power for the economy. – Sri Mulyani Indrawati