Paul Samuelson Quotes

Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.

Trump will fail even in his proclaimed goal of reducing the trade deficit, which is determined by the disparity between domestic savings and investment.

To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.

Money flows into the US, and inflates US assets, and allows the US to have a monstrous trade deficit. That means we are consuming more than we are producing.

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.

In principle, there are only three main components of spending that much matter to monetary policy: consumer spending, business investment and exports and trade.

As far as the U.S. economy is concerned, I always believe that the U.S. economy is solidly based, not only in a material sense, but more importantly, the United States has the strength of scientific and technological talent, and managerial expertise.

Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms.

Essentially, when we run a deficit, we are borrowing money to buy things that are made overseas.

It is not our foreign trade that has caused the wonderful growth and expansion of the Republic.

The U.S. economy is the global economic driver. And within the U.S. economy, the U.S. consumer is the global driver.

When the financial system works as it should, money and capital flow to and from households and businesses to pay for home loans, school loans, and investments to create jobs.

Trade balances are determined by national savings propensities, not exchange rates.

More travel to America would lower our trade and budget deficits.

In general, global economic growth supports Russian economy.

The United States has the world's largest and most innovative economy, an unmatched rule of law, and a free market that is the envy of the international community. For investors, we are the reserve currency.

More and more people realize the importance of economic growth, near-term and long-term in the U.S., and the competitiveness with other countries around the world.

The issue for me is American competitiveness, and how do we best create a climate here that allows international capital to come to these shores to create jobs.

When a population saves a lot, the funds are invested outside the country as well as inside. If the Japanese invest in the United States, it pushes their exchange rate down and makes their manufacturing more competitive.

The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items.

Well obviously the economy is critical to everything we do and we need to get the economy back in shape, the deficit down, the debt paid off, so that the economy can grow again and grow properly.

You want a political culture that works to create conditions under which an economy can thrive? Since signing the Oslo Accords with the Palestinians, Israel has spent two decades working to unshackle its economy from its socialist roots, with remarkable results.

In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit more and do even better.

The only way to eliminate the deficit in the long run is through growth.

There is a strong link between the following three things: exporting, manufacturing and the degree of saving by the population. It's complicated, but if the population doesn't save, the economy will not tend to export as much, and if it doesn't export as much, it won't manufacture enough.