I think that over the last few decades, we have seen better economic outcomes than in the past.
More Quotes from Martin Feldstein:
Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.Martin Feldstein
Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work.
Martin Feldstein
My theme this evening is that America needs a competitive dollar.
Martin Feldstein
It is certainly something to worry about. Continuing to attract funds when the current account deficit is that large and continuing to rise is bound to become a serious problem.
Martin Feldstein
First, I think the science of monetary economics has clearly gotten better.
Martin Feldstein
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.
Martin Feldstein
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In 1858 I received the degree of D. S. from the Lawrence Scientific School, and thereafter remained on the rolls of the university as a resident graduate.
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