"The more competitive value of the dollar turned around the trade deficit"
- Martin Feldstein
About this Quote
This quote by Martin Feldstein is describing the value of the US dollar in relation to international trade. When the value of the dollar is strong, it makes United States exports more costly and imports cheaper. This can result in a trade deficit, where the United States imports more than it exports. However, when the worth of the dollar is weak, it makes United States exports cheaper and imports more pricey. This can lead to a trade surplus, where the US exports more than it imports. For that reason, the more competitive value of the dollar can turn around the trade deficit, as it makes United States exports more attractive to foreign buyers. This can help to reduce the trade deficit and increase the United States's global trade balance.
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.
"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"
"My price is five dollars for a miniature on ivory, and I have engaged three or four at that price. My price for profiles is one dollar, and everybody is willing to engage me at that price"
"The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure"
"I really wish there was some big brother conspiracy theory. I just think it's the ignorance of trying to make a dollar. That's what the networks have done and will continue to do. If anyone doesn't think that this is about making money, then they're crazy"
