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"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."
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"Losing your job gives you the opportunity to make your life count."
"Make a change of your steps when necessary. "Status quo" is the court room where change is kept on trial for long, delaying the verdict. Make a change and achieve your dreams. Rule your case with victory."
"But it is not your own Shire,' said Gildor. 'Others dwelt here before hobbits were; and others will dwell here again when hobbits are no more. The wide world is all about you: you can fence yourselves in, but you cannot for ever fence it out."
"If you continually write and read yourself as a fiction, you can change what's crushing you."
"When what one does, reps, or 'spits', repetitively, is foul or beastly - one summons spiritual undertakers to dine on fleshly parasites. In various forms, nature's law purges all that becomes wasteful. Change your game, or the game will change you."
"Since when has corruption everywhere, homes, streets, offices, become a Nigerian factor."
"There was no sudden, striking, and emotional transition. Like the warming of a room or the coming of daylight. When you first notice them they have already been going on for some time."
"For transformation to be successful, we the people must first liberate ourselves and our brethren from the clutches of religion."
Explore more quotes by Martin Feldstein
"Inflation is lower and more stable and the real business cycle fluctuations are more modest."
"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."
"Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly."
"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."
"If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in global markets, we can achieve both price stability and a more balanced path of economic growth."
"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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