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"Domestic inflation reflects domestic monetary policy."
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Exlpore more Policy quotes
"Again, President Reagan was sort of an amiable presence out at the ranch by the last 6 months of his presidency. He had no effect on national policy at all."
"Racial discrimination does not always violate public policy."
"That's because the International Olympic Committee has a policy of never replacing medals."
"If the staff lacks policy guidance against which to test decisions, their decisions will be random."
"The choice of personnel, perhaps the most important choice (because 'people are policy'), never proceeds according to plan, but there have been some successful transitions that upheld high standards."
"Graham Greene, as I understand it, was quite outspoken in his criticism of American foreign policy."
"I think it's a lovely idea, but it will not pass the Congress. I live in a world of realities. The policy of our country is that we can drill our way to independence. I think that's a march to folly."
"I want to make it clear publicly that I expect more candor from this Administration during the next four years, particularly with members on the Foreign Relations Committee so that we can maintain a bipartisan foreign policy."
"A policy is a temporary creed liable to be changed, but while it holds good it has got to be pursued with apostolic zeal."
Explore more quotes by 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."
"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."
"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."
"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."
"And finally, no matter how good the science gets, there are problems that inevitably depend on judgement, on art, on a feel for financial markets."
"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."
"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."
"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."
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