Cash Quote 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