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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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Asa Don Brown

"The only difference, apart from heaps of cash, between someone who is wealthy and someone who is poor is having the right mindset and attitude."

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Personal Development

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Asa Don Brown

"Don't think money does everything or you are going to end up doing everything for money."

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Personal Development

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Asa Don Brown

"Money is only a problem to those that aren't willing to develop a higher conscience about how to master it."

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Personal Development

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Asa Don Brown

"Organized scarcity is the best way to increase your profits.This is the idea of the ends justify the means. There are second and third order effects that will take away all of the gains and then some. Wisdom is better than gold, peace is better than profit."

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Personal Development

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Asa Don Brown

"A sure way to go broke is to spend your outer riches before you have saved enough of your inner ones."

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Personal Development

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Asa Don Brown

"Sharpen and trust your judgement: learn when spending is a shrewd investment and when it is merely an indulgence."

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Personal Development

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Asa Don Brown

"The difference between time and money is that money can be stored for future use. Most people make the mistake of saving money by wasting their time."

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Personal Development

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Asa Don Brown

"Investing is a simple process of taking into account the present value and future value. The other major factor to understand here, is what you lose as a result of inaction. Consider what you can gain and what you can lose in your decision."

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Personal Development

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Asa Don Brown

"Wealth isn't about money. It's about options...and you always have options. Choose wisely. Live wealthy."

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Personal Development

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Asa Don Brown

"Never ask of money spent Where the spender thinks it went. Nobody was ever meant To remember or invent What he did with every cent."

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Personal Development

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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."

Finance

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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
"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
"Domestic inflation reflects domestic monetary policy."

Policy

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Martin Feldstein
"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."

Finance

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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
"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
"A second reason why science cannot replace judgement is the behavior of financial markets."

Science

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Martin Feldstein
"But the primary reason for wanting the dollar to become more competitive in the near future is that we may need an increase in exports this year and in 2007 to sustain the economy's current pace of expansion."

Economy

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

Economy

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