--- title: "Meaning & Key Takeaway of: After all, an overvalued dollar gives us…" description: "\"After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the existing volume of exports brings more yen and euros..." image: "https://sms4smile.com/quotes/i/0d1/martin-feldstein-21258_ability_after-all-an-overvalued-dollar-gives-us_2470183.jpg" --- # After all, an overvalued dollar gives us the ability to… ![“After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the existing volume of exports brings more yen and euros than they would if the dollar were more competitive.” quote by Martin Feldstein](https://sms4smile.com/quotes/i/0d1/martin-feldstein-21258_ability_after-all-an-overvalued-dollar-gives-us_2470183.jpg) [Download](https://sms4smile.com/quotes/i/0d1/martin-feldstein-21258_ability_after-all-an-overvalued-dollar-gives-us_2470183.jpg) [Open image](https://sms4smile.com/quotes/i/0d1/martin-feldstein-21258_ability_after-all-an-overvalued-dollar-gives-us_2470183.jpg) > “After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the existing volume of exports brings more yen and euros than they would if the dollar were more competitive.” [Martin Feldstein](https://sms4smile.com/quotes/author/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. A strong dollar makes imports cheap but can hurt export competitiveness, affecting trade balances and domestic industries. **In simple terms:** Strong dollar lowers import costs but hurts exports. Key Takeaway Balance currency strength with trade goals. Themes economics trade currency Mood analytical concerned Type economic policy When to use this quote - export strategies - import pricing - budget planning - policy making Key Concepts exchange rates trade deficits Questions to Reflect On - How does currency strength affect my business? - What policies can stabilize trade? A Different Perspective A weak dollar can cause inflation and reduce purchasing power. ★ ★ ★ ★ ★ No ratings yet [Ability](https://sms4smile.com/quotes/about/ability/) [Customer](https://sms4smile.com/quotes/about/customer/) [Dollars](https://sms4smile.com/quotes/about/dollars/) [Giving](https://sms4smile.com/quotes/about/giving/) ## Related quotes > [But the primary reason for wanting the dollar to become more competitive in the near future is that we may need an increase in…](https://sms4smile.com/quotes/martin-feldstein/but-the-primary-reason-for-wanting-the-dollar-to-become-more/) [Martin Feldstein](https://sms4smile.com/quotes/author/martin-feldstein/) > [If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in global markets, we can achieve both price…](https://sms4smile.com/quotes/martin-feldstein/if-the-federal-reserve-pursues-a-strong-dollar-at-home-while-the/) [Martin Feldstein](https://sms4smile.com/quotes/author/martin-feldstein/) > [I was trained as journalist never to use the word 'I,' never to put my own opinion there. 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That's what gave it value. But right now what gives a currency value is…](https://sms4smile.com/quotes/peter-schiff/most-paper-money-initially-existed-as-a-substitute-for-gold-that-s/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) ## 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…](https://sms4smile.com/quotes/martin-feldstein/in-short-both-experience-and-economic-theory-imply-that-the-us-could/) [Martin Feldstein](https://sms4smile.com/quotes/author/martin-feldstein/) > [The more competitive value of the dollar turned around the trade deficit.](https://sms4smile.com/quotes/martin-feldstein/the-more-competitive-value-of-the-dollar-turned-around-the-trade/) [Martin Feldstein](https://sms4smile.com/quotes/author/martin-feldstein/) > [Inflation is lower and more stable and the real business cycle fluctuations are more modest.](https://sms4smile.com/quotes/martin-feldstein/inflation-is-lower-and-more-stable-and-the-real-business-cycle/) [Martin Feldstein](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/martin-feldstein/increased-government-spending-can-provide-a-temporary-stimulus-to/) [Martin Feldstein](https://sms4smile.com/quotes/author/martin-feldstein/) > [I think that over the last few decades, we have seen better economic outcomes than in the past.](https://sms4smile.com/quotes/martin-feldstein/i-think-that-over-the-last-few-decades-we-have-seen-better-economic/) [Martin Feldstein](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/martin-feldstein/and-finally-no-matter-how-good-the-science-gets-there-are-problems/) [Martin Feldstein](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/martin-feldstein/thirty-years-ago-many-economists-argued-that-inflation-was-a-kind-of/) [Martin Feldstein](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/martin-feldstein/even-if-the-dollar-does-decline-during-the-coming-months-the-delays/) [Martin Feldstein](https://sms4smile.com/quotes/author/martin-feldstein/) > [First, I think the science of monetary economics has clearly gotten better.](https://sms4smile.com/quotes/martin-feldstein/first-i-think-the-science-of-monetary-economics-has-clearly-gotten/) [Martin Feldstein](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/martin-feldstein/but-because-we-in-the-united-states-finance-our-current-account/) [Martin Feldstein](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/martin-feldstein/to-finance-this-trade-deficit-the-u-s-has-to-borrow-from-the-rest-of/) [Martin Feldstein](https://sms4smile.com/quotes/author/martin-feldstein/) > [We are particularly poor at the open economy issues.](https://sms4smile.com/quotes/martin-feldstein/we-are-particularly-poor-at-the-open-economy-issues/) [Martin Feldstein](https://sms4smile.com/quotes/author/martin-feldstein/) > [But then in April of 1985 the dollar began a sharp decline. 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