"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, Oil, Summer

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"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."

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"Only when the lion is out of sight can you raise your fist at him."

Matshona Dhliwayo, Zimbabwean Philosopher

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"The mind of a man!"

Lailah Gifty Akita, Ghanaian Author

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"Strength is wealth."

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"If human equality is to be for ever averted - if the High, as we have called them, are to keep their places permanently - then the prevailing mental condition must be controlled insanity."

George Orwell, British Author

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"We must conquer the fear to avoid losing the battle."

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"I do not punish my enemies with arrogance; I punish ,them, undoubtedly more subtle - with devoted respect."

Sir Kristian Goldmund Aumann, British Musician

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"Power is not powerful without wisdom."

Debasish Mridha, American Author

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"We have inexhaustible resources to achieve the goal."

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"Words are weapons."

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Explore more quotes by 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

"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."

Economy

"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."

Economy

"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."

Change

"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."

Home

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

Science

"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."

Ability

"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."

Gain

"Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work."

Government

"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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