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 deficitdependencefinancial Change image and share on social
My theme this evening is that America needs a competitive dollar. Martin Feldstein americacompetitivedollar Change image and share on social
An increase in the relative price of products from the low wage manufacturers in Asia and Latin America will also make those products less attractive to American consumers. Martin Feldstein americaamericanasia Change image and share on social
I think that over the last few decades, we have seen better economic outcomes than in the past. Martin Feldstein decadeeconomicoutcome Change image and share on social
A second reason why science cannot replace judgement is the behavior of financial markets. Martin Feldstein behaviorfinancialjudgement Change image and share on social
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 compatiblecompetitivedollar Change image and share on social
The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product. Martin Feldstein centconsumerdomestic Change image and share on social
A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high level of saving makes it possible to have the sustained high level of business investment that contributes to the long-run growth of output. Martin Feldstein activityaggregatebusiness share on social
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 cashconsumerdurable share on social
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 americanassetborrow Change image and share on social
