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
Unfortunately, the real focus in this country has not been on the rest of the world. It's been on our own issues and our own problems. Fair enough. But it means that our simple hopes that everything will just work out abroad aren't really coming to pass. Jeffrey Sachs abroadcomecountry 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
Despite a decade of criticism and budget cuts, the specialised UN agencies have far more expertise and hands-on experience than any other organisations in the world. Jeffrey Sachs agencybudgetcriticism 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
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
Roosevelt talked not only about Freedom from Fear, but also Freedom from Want. Jeffrey Sachs fearfreedomroosevelt Change image and share on social
The basic idea was that if a country would put its economy as an integrated piece of the world system, that it would benefit from that with economic growth. I concur with that basic view. Jeffrey Sachs basicbenefitconcur Change image and share on social
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
