Martin Feldstein

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

Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly.

We are particularly poor at the open economy issues.

Earth is abundant with plentiful resources. Our practice of rationing resources through monetary control is no longer relevant and is counter-productive to our survival.

I generally don't follow domestic news that much aside from how it relates to the stories I'm covering abroad, like what Americans think of the War in Afghanistan.

I think the Fed is not designed to have effective tools to deal with the economy. It should settle for just controlling the money supply. And - if it insists, it can worry about inflation.