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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."

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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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Assegid Habtewold

"The greatest dilemma man has to face is figuring out what to do with his time."

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Personal Development

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Assegid Habtewold

"There is a fire that burns in soul."

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Personal Development

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Assegid Habtewold

"With the strength of grace, we can survive any situation."

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Personal Development

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Assegid Habtewold

"Words are forces of life."

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Personal Development

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Assegid Habtewold

"We are sustained by God's mighty power."

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Personal Development

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Assegid Habtewold

"You ought to find all your might, to climb a higher height."

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Personal Development

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Assegid Habtewold

"In life, single women are the most vulnerable adults. In movies, they are given imaginary power."

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Personal Development

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Assegid Habtewold

"You are the creator of your universe, and you are the destroyer of it too."

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Assegid Habtewold

"Rise in mighty strength and live your dream."

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Assegid Habtewold

"The world needs courage and conscience that can penetrate into the darkest mysteries and secrets of the universe."

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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
"So just as I want pilots on the planes that I fly, when it comes to monetary policy, I want to think that there is someone with sound judgement at the controls."

Policy

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Martin Feldstein
"We are particularly poor at the open economy issues."

Economy

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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 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

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

Science

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