When a population saves a lot, the funds are invested outside the country as well as inside. If the Japanese invest in the United States, it pushes their exchange rate down and makes their manufacturing more competitive. ↗
Given the best of all possible worlds, I would make a few changes. I would place emphasis on increasing the amount of funding that goes into programs like Pell Grants, that purely and simply award funds to students who really cannot afford full tuition. ↗
The thing that we at MIT must understand is the amount of real damage that is being done to us in the fine structure of how research funds are expended. ↗
A novelty in Polish filmmaking was that it was possible to find funds for a big production. However, at the same time, the state budget committed less and less money to filmmaking. ↗
Well, I was getting a lot of money then, and I wasn't getting any Hollywood films, so I just did those. I'd always do a play in between. Whenever I ran low on funds, I'd always rush off to do a movie somewhere. ↗
To the extent that people overpay as a result of the Libor manipulation, they should be able to get their money back. Individuals who have mortgages, pension funds who had pensioner investments - whoever was ripped off is entitled to get their money back. ↗
Why should I tell you where I am going to get funds from? If I were to do that then all the vested interests would get alerted. You must be aware that railways are full of such elements and my fight is against them. ↗
