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Martin Feldstein Quotes

Money may not buy happiness, but it's better to cry in a Lamborghini
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Having you in my life made everything better
I told you I'll be ready in FIVE minutes, stop calling me every half hour
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When we first met, i had no idea you would be so important to me
I never make the same mistake twice. I make it five or six times, just to be sure
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If cats could talk, they wouldn't
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And finally, no matter how good the science gets, there are problems that inevitably depend on judgement, on art, on a feel for financial markets.  (Martin Feldstein Quotes) 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.  (Martin Feldstein Quotes) 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 and by a total of 37 percent by the beginning of 1988  (Martin Feldstein Quotes) We are particularly poor at the open economy issues  (Martin Feldstein Quotes) First, I think the science of monetary economics has clearly gotten better  (Martin Feldstein Quotes) Domestic inflation reflects domestic monetary policy  (Martin Feldstein Quotes) Inflation is lower and more stable and the real business cycle fluctuations are more modest  (Martin Feldstein Quotes) A second reason why science cannot replace judgement is the behavior of financial markets  (Martin Feldstein Quotes) The more competitive value of the dollar turned around the trade deficit  (Martin Feldstein Quotes) 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  (Martin Feldstein Quotes) I think that over the last few decades, we have seen better economic outcomes than in the past  (Martin Feldstein Quotes) 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  (Martin Feldstein Quotes) Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly  (Martin Feldstein Quotes) 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  (Martin Feldstein Quotes) 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  (Martin Feldstein Quotes) 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  (Martin Feldstein Quotes) Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work  (Martin Feldstein Quotes) Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like  (Martin Feldstein Quotes) Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more  (Martin Feldstein Quotes) 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  (Martin Feldstein Quotes) 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 Quotes) And finally, no matter how good the science gets, there are problems that inevitably depend on judgment, on art, on a feel for financial markets  (Martin Feldstein Quotes)