Jeffrey Sachs

There was a guy named Dick Darman who was a former colleague of mine. The technical term, I don't think I can say it in mixed company, actually. So I won't say what I would say about him. But it's an unpleasant English word. It's really nasty. Too nasty for polite company. He says in this thing, we should do the minimum job. necessary so that there's not a collapse but nothing more.

There was a guy named Dick Darman who was a former colleague of mine. The technical term, I don't think I can say it in mixed company, actually. So I won't say what I would say about him. But it's an unpleasant English word. It's really nasty. Too nasty for polite company. He says in this thing, we should do the minimum job. necessary so that there's not a collapse but nothing more.

And he quotes Machiavelli and we're not interested and we're not gonna do this. And it's really watching stupid people taking important stupid decisions, fools. By the way, they never called to say, can we discuss stabilization? This guy knew nothing. They don't understand anything. They don't care. So what were they doing? They actually reached a conclusion at the end of the meeting.

And he quotes Machiavelli and we're not interested and we're not gonna do this. And it's really watching stupid people taking important stupid decisions, fools. By the way, they never called to say, can we discuss stabilization? This guy knew nothing. They don't understand anything. They don't care. So what were they doing? They actually reached a conclusion at the end of the meeting.

And he quotes Machiavelli and we're not interested and we're not gonna do this. And it's really watching stupid people taking important stupid decisions, fools. By the way, they never called to say, can we discuss stabilization? This guy knew nothing. They don't understand anything. They don't care. So what were they doing? They actually reached a conclusion at the end of the meeting.

We're going to do the minimum possible. I mean, minimum, minimum. It's not our business to help. We're not going to do any of that. That's arrogance of power. We don't have to do anything. Why? We're the United States. We don't have to do anything. They didn't even... Look, the stakes for the world were very high. You could have a 30-minute phone call to understand financial stabilization.

We're going to do the minimum possible. I mean, minimum, minimum. It's not our business to help. We're not going to do any of that. That's arrogance of power. We don't have to do anything. Why? We're the United States. We don't have to do anything. They didn't even... Look, the stakes for the world were very high. You could have a 30-minute phone call to understand financial stabilization.

We're going to do the minimum possible. I mean, minimum, minimum. It's not our business to help. We're not going to do any of that. That's arrogance of power. We don't have to do anything. Why? We're the United States. We don't have to do anything. They didn't even... Look, the stakes for the world were very high. You could have a 30-minute phone call to understand financial stabilization.

You could say, in history, when countries are destabilized this way, here's how stability has worked. That was my specialty. That's what I knew and taught at Harvard and knew a lot about. But they're so arrogant. That it's not even to discuss for a half an hour any of this. And they didn't. And they took a terrible decision.

You could say, in history, when countries are destabilized this way, here's how stability has worked. That was my specialty. That's what I knew and taught at Harvard and knew a lot about. But they're so arrogant. That it's not even to discuss for a half an hour any of this. And they didn't. And they took a terrible decision.

You could say, in history, when countries are destabilized this way, here's how stability has worked. That was my specialty. That's what I knew and taught at Harvard and knew a lot about. But they're so arrogant. That it's not even to discuss for a half an hour any of this. And they didn't. And they took a terrible decision.

And by the way, my point is not that that led on to this and this and this. No. They took terrible decisions for the next 35 years. This could have been stopped at any moment. Not one thing led to the next thing, no. One stupid decision, then the next one, then the next one, then the next one. You have to learn to behave. The way you behave in this world is mutual respect.

And by the way, my point is not that that led on to this and this and this. No. They took terrible decisions for the next 35 years. This could have been stopped at any moment. Not one thing led to the next thing, no. One stupid decision, then the next one, then the next one, then the next one. You have to learn to behave. The way you behave in this world is mutual respect.

And by the way, my point is not that that led on to this and this and this. No. They took terrible decisions for the next 35 years. This could have been stopped at any moment. Not one thing led to the next thing, no. One stupid decision, then the next one, then the next one, then the next one. You have to learn to behave. The way you behave in this world is mutual respect.

The way you behave is thinking you're not gonna be more secure if they're completely destabilized. That's what you have to understand. And that is not so hard to understand. We teach it to our kids. At age four, we start teaching that. And then suddenly, if you want your passport to Washington, you have to forget it at age 40 or something. And that's how they behave.

The way you behave is thinking you're not gonna be more secure if they're completely destabilized. That's what you have to understand. And that is not so hard to understand. We teach it to our kids. At age four, we start teaching that. And then suddenly, if you want your passport to Washington, you have to forget it at age 40 or something. And that's how they behave.

The way you behave is thinking you're not gonna be more secure if they're completely destabilized. That's what you have to understand. And that is not so hard to understand. We teach it to our kids. At age four, we start teaching that. And then suddenly, if you want your passport to Washington, you have to forget it at age 40 or something. And that's how they behave.

So that's my feeling about this, that it's just a kind of arrogance. And you can see it in this writing, which I find fascinating to go back and watch this tragedy unfold. 1997, another wonderful moment if you want to just watch hubris and tragedy. Very good book. Good in that it's insightful. terrible book in that it's all wrong, by Zbigniew Brzezinski.

So that's my feeling about this, that it's just a kind of arrogance. And you can see it in this writing, which I find fascinating to go back and watch this tragedy unfold. 1997, another wonderful moment if you want to just watch hubris and tragedy. Very good book. Good in that it's insightful. terrible book in that it's all wrong, by Zbigniew Brzezinski.

So that's my feeling about this, that it's just a kind of arrogance. And you can see it in this writing, which I find fascinating to go back and watch this tragedy unfold. 1997, another wonderful moment if you want to just watch hubris and tragedy. Very good book. Good in that it's insightful. terrible book in that it's all wrong, by Zbigniew Brzezinski.