We had our unhappy moments but they got channelled into the kind of sadness that was necessary for singing a song about going nowhere. So it worked out very well I think.

And finally, no matter how good the science gets, there are problems that inevitably depend on judgement, on art, on a feel for financial markets.

First, I think the science of monetary economics has clearly gotten better.

But then in April of 1985 the dollar began a sharp decline. The dollar&#39;s trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988.

Domestic inflation reflects domestic monetary policy.

Martin Feldstein

Quotes by Martin Feldstein

Written By Martin Feldstein

Written By Martin Feldstein

Written By Martin Feldstein

Written By Martin Feldstein

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