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"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."
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"There are a number of things wrong with Washington. One of them is that everyone is too far from home."

"Home is where they want you to stay longer."

"She herself had grown up without any one spot of earth being dearer than another: there was no center of earth pieties, of grave endearing traditions, to which her heart could revert and from which it could draw strength for itself and tenderness for others."

"He is happiest, be he king or peasant, who finds peace in his home."
Explore more quotes by Martin Feldstein

"A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high level of saving makes it possible to have the sustained high level of business investment that contributes to the long-run growth of output."

"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."

"Inflation is lower and more stable and the real business cycle fluctuations are more modest."

"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."

"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."

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

"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."

"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."

"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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