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"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."
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Exlpore more Government quotes
"I never knew a government yet that wanted to do anything."
"Every form of government tends to perish by excess of its basic principle."
"Government is a contrivance of human wisdom to provide for human wants. People have the right to expect that these wants will be provided for by this wisdom."
"I found this national debt, doubled, wrapped in a big bow waiting for me as I stepped into the Oval Office."
"The United States Constitution has proved itself the most marvelously elastic compilation of rules of government ever written."
"No more distressing moment can ever face a British government than that which requires it to come to a hard, fast and specific decision."
"I don't mind what Congress does, as long as they don't do it in the streets and frighten the horses."
"A democratic government is the only one in which those who vote for a tax can escape the obligation to pay it."
"Democracy is the form of government that gives every man the right to be his own oppressor."
"There shall be no end to the government of God."
Explore more quotes by Martin Feldstein
"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."
"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."
"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."
"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."
"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."
"In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth."
"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."
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