My theme this evening is that America needs a competitive…

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

Martin Feldstein

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

America must strengthen its currency to maintain global influence and economic stability.

In simple terms: America needs a stronger dollar.

Key Takeaway

Support policies that boost dollar competitiveness.

Themes

economics currency global trade policy competitiveness

Mood

concerned analytical

Type

policy economic

When to use this quote

government budgeting
investment decisions
export strategies

Key Concepts

monetary policy exchange rates trade balance

Questions to Reflect On

How can the US balance a strong dollar with domestic competitiveness?
What policies best support a competitive currency?

A Different Perspective

A stronger dollar can hurt domestic exporters and increase import costs.

★ ★ ★ ★ ★ No ratings yet

America Competitive Evening

More by 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…

Martin Feldstein

The more competitive value of the dollar turned around the trade deficit.

Martin Feldstein

Inflation is lower and more stable and the real business cycle fluctuations are more modest.

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…

Martin Feldstein

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

Martin Feldstein

And finally, no matter how good the science gets, there are problems that inevitably depend on judgment, on art, on a feel for financial…

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…

Martin Feldstein

Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar…

Martin Feldstein

First, I think the science of monetary economics has clearly gotten better.

Martin Feldstein

But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more…

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…

Martin Feldstein

We are particularly poor at the open economy issues.

Martin Feldstein

But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months…

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…

Martin Feldstein

A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high level of saving makes it possible to…

Martin Feldstein

Explore all 29 Martin Feldstein quotes

More America quotes

The costs of the Bush-Obama wars in Iraq and Afghanistan are now estimated to run as high as $4.4 trillion - a major victory…

Noam Chomsky

Young men, especially in America, write to me and ask me to recommend “a course of reading.” Distrust a course of reading! People who…

Andrew Lang

Well, The Day the Earth Caught Fire was a story... I don't if anybody knows what it is but it was about... in the…

Val Guest

So here's what I want you to know, and here's what I want all our men and women in uniform to know: Because of…

Barack Obama

Today, the world looks to America for leadership. And America looks to its Corps of Marines.

Ronald Reagan

The image of blacks usually is one of people who are suffering from hunger, unemployment, and poverty. The idea of them as agents and…

Grace Lee Boggs

I'll smoke, I'll cough, I'll get the tumors, I'll die, deal? Thank you America. [salutes]

Bill Hicks

America is a democracy and has no Hitler, but I am afraid for her future; there are hard times ahead for the American people,…

Albert Einstein

I'm gonna bring America together.

Donald Trump

In the nineteenth century some parts of the world were unexplored, but there was almost no restriction on travel.:; Up to 1914 you did…

George Orwell

We need a system that serves our needs, not the needs of others. Remember, under a Trump administration it's called America first. Remember that.

Donald Trump

America, you're sending girls a mixed message. On one hand, you're saying to have positive body image and love who we are; on the…

Adora Svitak

You live overseas, you see these exotic places and you want to know about them. But, weirdly, it also made me homesick for all…

Ken Jennings

Freedom in every sense but primarily political sense, a rise in repression that stems from a repression of sexuality. It's AIDS, it's herpes, it's…

Jack Nicholson

“In American terms, the accomplishment of Genghis Khan might be understood if the United States, instead of being created by a group of educated…

Jack Weatherford

Browse all 20,382 America quotes

My theme this evening is that America needs a competitive…

About This Quote

Related quotes

More by Martin Feldstein

More America quotes