We, being the Western world, wouldn't let Russia off the hook on debt. So there were demands on debt servicing in the early days until they ran out of reserves. There was no real aid program, just a fictional aid program. Jeffrey Sachs aiddaydebt share on social
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 europeexpandgold Change image and share on social
In the early 1990s, when a lot of the developing world opened up to international capital flows... they ended up in very good long-term projects, but projects that weren't going to pay off for five or 10 or 20 years. Jeffrey Sachs 1990scapitaldevelop share on social
We were proposing, in a sense, that the rest of the world be made safe for American ideas, as they adopted intellectual property rights that gave patent protection to our very innovative economy. Jeffrey Sachs adoptamericaneconomy Change image and share on social
Russia has gone through eight years of continuing economic pain. Jeffrey Sachs continueeconomicpain Change image and share on social
The Russian drama began at the end of 1991, when the Soviet Union mercifully ended. Russia and 14 other new countries emerged from the ruins of the Soviet Union. Every one of those 15 new states faced a profound historical, economic, financial, social and political challenge. Jeffrey Sachs beginchallengecountry share on social
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 blowfacefroth Change image and share on social
The debts are unaffordable. If they won't cancel the debts I would suggest obstruction; you do it yourselves. Jeffrey Sachs canceldebtobstruction Change image and share on social
The runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia. Jeffrey Sachs dramaticimfindonesia Change image and share on social
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 communicateconsensusdevelopment Change image and share on social
