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

Science, Financial, Behavior, Reason

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

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Explore more quotes by Martin Feldstein

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

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

Science, Financial, Behavior, Reason

"I think that over the last few decades, we have seen better economic outcomes than in the past."

Past,

"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, Future, May, Reason

"Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly."

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"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."

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"The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit."

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"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."

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"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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"My theme this evening is that America needs a competitive dollar."

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