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"In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth."
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Exlpore more Experience quotes
"Enthusiasm - a distemper of youth, curable by small doses of repentance in connection with outward applications of experience."
"Of two pleasures, if there be one which all or almost all who have experience of both give a decided preference, irrespective of any feeling of moral obligation to prefer it, that is the more desirable pleasure."
"I had rather have a fool to make me merry than experience to make me sad and to travel for it too!"
"You can teach a person all you know, but only experience will convince him that what you say is true."
"The deepest experience of the creator is feminine, for it is experience of receiving and bearing."
"We learn from experience that men never learn anything from experience."
"There is more experience on the field of justification than on the camp of training. Sometimes, you got to take actions to learn more."
"The word experience is like a shrapnel shell, and bursts into a thousand meanings."
"Have you noticed in your past experience that your kind interpretations were almost always truer than you harsh one?"
"I've admired a lot of people in my life time and some of them were actually alive."
Explore more quotes by Martin Feldstein
"Inflation is lower and more stable and the real business cycle fluctuations are more modest."
"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."
"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."
"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."
"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."
"But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries."
"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."
"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."
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