Martin Feldstein

“Unemployment is a side effect of the collapse of aggregate demand.”

“The best way to reduce the deficit is through economic growth.”

“The euro is a currency in search of a state.”

“What happens to the U.S. economy has a major impact on the rest of the world.”

“The long-run solution to the Social Security problem is not to raise taxes but to modify the way that benefits are calculated.”

“A permanent reduction in the tax rate on capital income would have a major effect on the saving rate.”

“The basic point is that the U.S. has an unsustainable trajectory in its national debt.”

“A higher national saving rate is the key to a more prosperous future.”

“In the long run, the U.S. dollar is going to be a weaker currency.”

“The goal of a good society is to structure social and economic institutions so that individuals can best realize their potentials.”

“Higher saving is a necessary but not sufficient condition for growth.”

“The failure to deal with the long-term fiscal imbalance is the single most important threat to our economic future.”