So just as I want pilots on the planes that I fly, when it comes to monetary policy, I want to think that there is someone with sound judgement at the controls.Quote by Martin Feldstein
The decline of the overvalued dollar in the 1980s also had no adverse effect on economic activity in the United States.Quote by Martin Feldstein about activity
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.Quote by Martin Feldstein about home, good, good luck
The household saving rate has been falling since the early 1990s, declining from 7 percent in 1990 to just 2.4 percent in 2002.Quote by Martin Feldstein
The key to the economy's strength in 2004 and 2005 was that household saving declined dramatically while the price of oil rose.Quote by Martin Feldstein about economy
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
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.Quote by Martin Feldstein about power
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.Quote by Martin Feldstein
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
Today's macroeconomic problems require attention to more fundamental forces of individual incentives and institutional rigidities.Quote by Martin Feldstein about attention, force, problems
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
We also do not understand why long-term rates have not increased while the Federal Reserve has been raising short-term rates.Quote by Martin Feldstein
We do not understand the links between asset prices, monetary policy, and aggregate demand. We do not understand speculative markets adequately.Quote by Martin Feldstein
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.Quote by Martin Feldstein
Why has this improvement in inflation and in the business cycle occurred? I think the answer is better monetary policy, better central banking.Quote by Martin Feldstein about affair
With sound monetary policy, the increases in import prices are offset by lower inflation for domestically produced goods and services.Quote by Martin Feldstein
Ricky Martin, I ran into him in a restaurant in Paris. He sent a note over, very politely, and said, Could I come over and sing a song on this album?Quote by Melanie Griffith
After ten or twelve years you can only play something so long and then you start to parody it.Quote by Larry Hagman