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
Globalization was a deep trend pushed by technology and right ideas, as much as anything else. – Jeffrey Sachs
Weve taken the view that if the rest of the world would democratize and create market economies, that would spread the benefits of prosperity around the world, and that it would enhance our own prosperity, and our own stability and security, as well. – 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