#imp

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. ↗

— Martin Feldstein

#although #any #bring #change #changes

Without culture, and the relative freedom it implies, society, even when perfect, is but a jungle. This is why any authentic creation is a gift to the future. ↗

— Albert Camus

#authentic #creation #culture #even #freedom

Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more. ↗

— Martin Feldstein

#coming #competitive #decline #delays #demand

Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like. ↗

— Martin Feldstein

#consumer #home #homeowners #improvements #like

We turn toward God only to obtain the impossible. ↗

— Albert Camus

#impossible #obtain #only #toward #turn

In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth. ↗

— Martin Feldstein

#competitive #could #decreased #dollar #economic

The paranoiac is the exact image of the ruler. The only difference is their position in the world. One might even think the paranoiac the more impressive of the two because he is sufficient unto himself and cannot be shaken by failure. ↗

— Elias Canetti

#cannot #difference #even #exact #failure

That's not so important to me, that time thing. ↗

— Max Cannon

#me #thing #time #time thing

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. ↗

— Martin Feldstein

#cent #consumers #domestic #doubled #gross

These individuals on steroids, does it enhance their career, does it give them a little more strength, a little more stamina, a little more psychological edge? Absolutely. How do you determine what - what their stats would be without steroids? It's impossible to tell. ↗

— Jose Canseco

#career #determine #does #edge #enhance