"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"
- Martin Feldstein
About this Quote
This quote by Martin Feldstein suggests that the Federal Reserve need to pursue a strong dollar domestically while likewise making the dollar more competitive in international markets. This would result in both cost stability and a more well balanced path of financial development. By having a strong dollar domestically, it would assist to keep costs stable and prevent inflation. At the exact same time, by making the dollar more competitive in global markets, it would help to promote financial development by increasing exports and foreign investment. This would produce a more balanced course of financial development, as it would be driven by both domestic and foreign sources. In conclusion, this quote recommends that the Federal Reserve ought to pursue a strong dollar domestically while likewise making the dollar more competitive in worldwide markets in order to attain both price stability and a more well balanced course of financial growth.
This quote is written / told by Martin Feldstein somewhere between November 25, 1939 and today. He/she was a famous Economist from USA.
The author also have 28 other quotes.
"It's not just the effect of technology on the environment, on religion, on the economic structure, on society, on politics, etc. It's that everything now exists in technology to the point where technology is the new and comprehensive host of nature of life"
"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists"
"Only as long as a company can produce a desired, worthwhile, and needed product or service, and can command the public, will it receive the public dollar and succeed"
"I went to school at this log school house. A white woman was my teacher, I do not remember her name. My father had to pay her one dollar a month for me. Us kids that went to school did not have desks, we used slates and set on the hued down logs for seats"
"I believe that history has shape, order, and meaning; that exceptional men, as much as economic forces, produce change; and that passe abstractions like beauty, nobility, and greatness have a shifting but continuing validity"
"Now is not the time to compromise on the economy. Instead, we should be doing everything in our power to support long-term economic growth. Permanent repeal of the death tax will mean more high-quality, high-paying jobs for Americans"
