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Martin Feldstein

"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."

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"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."

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Akiroq Brost

"Cosmic Ordering cultivates prosperity daily."

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Personal Development

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Akiroq Brost

"Money is a necessity, but not the determinant of a successful life. It is there to secure you, but not to save you! It is there to support you, but not to sanctify you!"

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Personal Development

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Akiroq Brost

"The hardest thing to understand in the world is the income tax."

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Personal Development

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Akiroq Brost

"It is remarkable, remembering the bitterness of those days, what a change of temper a fixed income will bring about. No force in the world can take from me my five hundred pounds. Food, house, and clothing are mine forever. Therefore not merely do effort and labour cease, but also hatred and bitterness. I need not hate any man; he cannot hurt me."

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Personal Development

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Akiroq Brost

"We have met ambitious fiscal targets in each of the previous two fiscal years. We have reduced the deficit even while increasing capital expenditure."

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Personal Development

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Akiroq Brost

"Asean is obviously a very important association for us. Over the past 30 years Asean has made great strides in regional cooperation covering a number of areas, although recently it has been under strain because of the financial crisis and other challenges."

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Personal Development

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Akiroq Brost

"Becoming wealthy is about accumulating wealth."

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Personal Development

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Akiroq Brost

"Buy calmly and with meaning."

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Personal Development

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Akiroq Brost

"Depreciation of money can benefit debtors only when it is unforeseen. If inflationary measures and a reduction of the value of money are expected, then those who lend money will demand higher interest in order to compensate their probable loss of capital, and those who seek loans will be prepared to pay the higher interest because they have a prospect of gaining on capital account."

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Personal Development

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Akiroq Brost

"Once you deposit that money in your checking account, it becomes the bank's money and you're just another one of their creditors."

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Personal Development

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Martin Feldstein
"The more competitive value of the dollar turned around the trade deficit."

Economy

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Martin Feldstein
"I think that over the last few decades, we have seen better economic outcomes than in the past."

Past

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Martin Feldstein
"Domestic inflation reflects domestic monetary policy."

Policy

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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."

Finance

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Martin Feldstein
"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."

Science

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Martin Feldstein
"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."

Economy

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

Business

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

Science

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Martin Feldstein
"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."

Power

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

Economy

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