My theme this evening is that America needs a competitive dollar.
More Quotes from Martin Feldstein:
Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit.Martin Feldstein
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.
Martin Feldstein
With sound monetary policy, the increases in import prices are offset by lower inflation for domestically produced goods and services.
Martin Feldstein
The good news is that a competitive dollar in the global market and a strong dollar at home are compatible in both the long run and during the transition to a more competitive dollar.
Martin Feldstein
Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.
Martin Feldstein
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.
Martin Feldstein
Readers Who Like This Quotation Also Like:
He can thread a needle with a well-turned phrase.Don Hewitt
All these stories are grist to the mill of the government because they build up a very useful war psychosis.
Helen Suzman
I'm much more interested in what an actor has to say about something substantial and important than who they're dating or what clothes they're wearing or some other asinine, insignificant aspect of their life.
Ben Affleck