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"I think that over the last few decades, we have seen better economic outcomes than in the past."
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"Hope doesn't require a massive chain where heavy links of logic hold it together. A thin wire will do...just strong enough to get us through the night until the winds die down."

"Don't be unnecessarily burdened by the past. Go on closing chapters."

"Sometimes the past seems too big for the present to hold."

"Drop the past. The past is no more, and the future is not yet."

"Past is aipsom if you learned from the past."
Explore more quotes by Martin Feldstein

"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."

"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."

"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."

"Inflation is lower and more stable and the real business cycle fluctuations are more modest."

"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."

"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."

"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."

"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."
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