Martin Feldstein – But because we in the…


“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.”
-Martin Feldstein

Martin Feldstein – A rise in the level…


“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.”
-Martin Feldstein