Quotation 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.

Martin Feldstein

Finance

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The United States can afford to let the dollar become less valuable because it borrows money using its own currency, unlike other countries that borrow in foreign currencies. This unique situation prevents the negative consequences that usually happen when a country's currency loses value.

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