#v

But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988. ↗

— Martin Feldstein

#began #beginning #decline #dollar #fell

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

I think that over the last few decades, we have seen better economic outcomes than in the past. ↗

— Martin Feldstein

#decades #economic #few #i #i think

I am reactive. ↗

— Derek Bailey

#i #i am #reactive

The myth of unlimited production brings war in its train as inevitably as clouds announce a storm. ↗

— Albert Camus

#brings #clouds #inevitably #myth #production

A steady patriot of the world alone, The friend of every country but his own. ↗

— George Canning

#country #every #friend #his #own

You have to be very rich or very poor to live without a trade. ↗

— Albert Camus

#poor #rich #trade #very #without

Arrogance, pedantry, and dogmatism; the occupational diseases of those who spend their lives directing the intellects of the young. ↗

— Henry Seidel Canby

#directing #diseases #dogmatism #intellects #lives

We are drawn to our television sets each April the way we are drawn to the scene of an accident. ↗

— Vincent Canby

#april #drawn #each #our #scene