Martin Feldstein Quotes

Author Image

Martin Feldstein

Profession : Economist

Birth : November 25, 1939

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

Martin Feldstein

Inflation is lower and more stable and the real business cycle fluctuations are more modest.

Martin Feldstein

Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.

Martin Feldstein

We are particularly poor at the open economy issues.

Martin Feldstein

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

Martin Feldstein

So just as I want pilots on the planes that I fly, when it comes to monetary policy, I want to think that there is someone with sound judgement at the controls.

Martin Feldstein

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

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