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"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."
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"Vitality shows in not only the ability to persist but the ability to start over."
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Personal Development
"We are capable of greatness."
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Personal Development
"It takes nearly as much ability to know how to profit by good advice as to know how to act for one's self."
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Personal Development
"If I drive myself to the brink of my ability, then I don't get stale or bored."
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Personal Development
"Talent can be a nice thing to have sometimes. You look good, attract attention, and if you're lucky, you make some money. Women flock to you. In that sense, having talent's preferable to having none. But talent only functions when it's supported by a tough, unyielding physical and mental focus. All it takes is one screw in your brain to come loose and fall off, or some connection in your body to break down, and your concentration vanishes, like the dew at dawn. If talent's the foundation you rely on, and yet it's so unreliable that you have no idea what's going to happen to it the next minute, what meaning does it have?"
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Personal Development
"The Army has carried the American ideal to its logical conclusion. Not only do they prohibit discrimination on the grounds of race, creed and color, but also on ability."
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Personal Development
"You have divine abilities for a great mission."
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Personal Development
"The level of ignorance is declining, and the ability to accumulate data and manipulate it for various ends is increasing."
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Personal Development
"You are capable of great deeds."
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Personal Development
"The greatest difficulty with the world is not its ability to produce, but the unwillingness to share."
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Personal Development
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"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
"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."
Experience
"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
"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
"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
"A second reason why science cannot replace judgement is the behavior of financial markets."
Science
"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
"Domestic inflation reflects domestic monetary policy."
Policy
"We are particularly poor at the open economy issues."
Economy
"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
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