Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.Quote by Ron Paul about future
Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.Quote by Martin Feldstein about commerce, interest
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.Quote by Martin Feldstein about commerce, change
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.Quote by Martin Feldstein about country
The more competitive value of the dollar turned around the trade deficit.Quote by Martin Feldstein about commerce, value
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.Quote by Martin Feldstein about commerce, world
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.Quote by Martin Feldstein about commerce, real estate, world, americans