Quote by: Martin Feldstein

But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.

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Author Bio

  • NameMartin Feldstein
  • DescriptionAmerican economist
  • BornNovember 25, 1939
  • CountryUnited States Of America
  • ProfessionEconomist
  • AwardsAdam Smith Award