Martin Feldstein Quotes & Sayings (Page 3)

“I think that over the last few decades, we have seen better economic outcomes than in the past.”

“My theme this evening is that America needs a competitive dollar.”

“But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.”

“But the primary reason for wanting the dollar to become more competitive in the near future is that we may need an increase in exports this year and in 2007 to sustain the economy's current pace of expansion.”

“Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.”

“After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the existing volume of exports brings more yen and euros than they would if the dollar were more competitive.”

“An increase in the relative price of products from the low wage manufacturers in Asia and Latin America will also make those products less attractive to American consumers.”

“The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product.”

“We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation.”