Martin Feldstein Quotes & Sayings (Page 2)
Martin Feldstein quotes and sayings page 2 (economist). Here's quote # 11 through 20 out of the 29 we have.
“The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit.”
“To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.”
“A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high level of saving makes it possible to have the sustained high level of business investment that contributes to the long-run growth of output.”
“We are particularly poor at the open economy issues.”
“First, I think the science of monetary economics has clearly gotten better.”
“In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth.”
“Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more.”
“Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like.”
“If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in global markets, we can achieve both price stability and a more balanced path of economic growth.”
“The more competitive value of the dollar turned around the trade deficit.”
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