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The Great Gatsby
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The Great Gatsby
Hamlet

Jeffrey Sachs Quotes

Trump is the worst political leader I have experienced in all of my professional life, which is 40 years of working with governments at a high level. I’ve never seen anything like the narcissism of this man.

– Jeffrey Sachs

On US response to coronavirus.

The essence of Africa’s crisis is fundamentally its extreme poverty.

– Jeffrey Sachs

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

Let’s start fresh with Russia on some real help and some real reform.

– Jeffrey Sachs

Senior development specialists in the Treasury can be counted on one hand. America’s government is not even aware of the gap between its commitments and action, because almost nobody in authority understands the actions that would be needed to meet the commitments.

– Jeffrey Sachs

The idea that UN commitments should be followed by action is indeed a radical one, especially for the United States, where wilful neglect of its own commitments is the rule.

– Jeffrey Sachs

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

Roosevelt talked not only about Freedom from Fear, but also Freedom from Want.

– Jeffrey Sachs

Russia has gone through eight years of continuing economic pain.

– Jeffrey Sachs

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

It’s not so unusual to run out of someone else’s currency.

– Jeffrey Sachs

The longer you wait, the less fun. If you wait until the bitter end, the whole economy can be destroyed.

– Jeffrey Sachs

White House and State Department foreign-policy experts are overwhelmingly directed towards military and diplomatic issues, not development issues.

– Jeffrey Sachs

The truth of good economic doctoring is to know the general principles, and to really know the specifics. To understand the context, and also, to understand that an economy may need some tender loving care, not just the so-called hard truths, if it’s going to get by.

– Jeffrey Sachs

I think the IMF helped to detonate the Indonesian crisis.

– Jeffrey Sachs

We had a booming stock market in 1929 and then went into the world’s 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

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

We’ve 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

Devaluations are never easy.

– Jeffrey Sachs

The great leaders of the second world war alliance, Franklin Roosevelt and Winston Churchill, understood the twin sides of destruction and salvation. Their war aims were not only to defeat fascism, but to create a world of shared prosperity.

– Jeffrey Sachs

The runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia.

– Jeffrey Sachs

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

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

Globalization was a deep trend pushed by technology and right ideas, as much as anything else.

– Jeffrey Sachs

The debts are unaffordable. If they won’t cancel the debts I would suggest obstruction; you do it yourselves.

– Jeffrey Sachs

In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they’d borrow a bit more and do even better.

– Jeffrey Sachs

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