A Quote by Robert C. Solomon

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.

Robert C. Solomon

Quote Topics

Account Accounts Balance Current Deficit Items Other Payments States Trade United United States Usual

Quote Author

Robert C. Solomon
American - Educator
September 14, 1942 - January 2, 2007

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.

John W. Snow

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

One of the chief peculiarities of this treatise is the doctrine that the true electric current, on which the electromagnetic phenomena depend, is not the same thing as the current of conduction, but that the time-variation of the electric displacement must [also] be taken into account.

James Clerk Maxwell

Sometimes, if a country's currency is overvalued in real terms, and it looks like the current account is going to be in deficit for the foreseeable future, devaluation can make sense.

Klaus Schwab

With uncertainty in oil markets, a buildup of speculative pressures and the large U.S. current account deficit, there is a real possibility that Paulson's crisis-management skills will be tested.

Lawrence Summers

U.S. capital formation, which has been pretty high in the '90s and very high in the late 1990s, is what is being financed by the savings of the rest of the world, generally poorer than ourselves, because our deficit on current account, chronic deficit, is their surplus, and they have been willingly bringing that to the American market.

Paul Samuelson

To view current events as a historian is to account for all perspectives, even those of your enemy

R. A. Salvatore

Descriptive grammar is an attempt to give an account of what the current system is for either a society or an individual, whatever you happen to be studying.

Noam Chomsky

Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire.

Nouriel Roubini

Magnetic current is the same as electric current. Current is [actually] the wrong expression. Really it is not one current, they are two currents, one current is composed of North Pole individual magnets in concentrated streams and the other is composed of South Pole individual magnets in concentrated streams, and they are are running one stream against the other stream in whirling, screwlike fashion, and with high speed.

Edward Leedskalnin

Trade deficits are OK under certain circumstance. 1. An emerging nation imports capital goods necessary to enhance its productivity. 2. A developed nation, with a current account surplus, uses some of its investment income to finance the purchases of additional consumer goods from abroad.

Peter Schiff

Specific policy decisions would be absolutely necessary to promote the UK. It's not necessarily borrowing more or changing our current account status.

Andrea Leadsom

According to current research, in the determination of a person's level of happiness, genetics accounts for about 50 percent; life circumstances, such as age, gender, ethnicity, marital status, income, health, occupation, and religious affiliation, account for about 10 to 20 percent; and the remainder is a product of how a person thinks and acts.

Gretchen Rubin

While tax refunds amount to substantial income for many Americans, current IRS rules do not allow taxpayers to directly deposit their refund into more than one account.

Jim Cooper

There are several silver linings on the horizon. The current account deficits in Spain and Portugal are declining because they have become more competitive and they're exporting more.

Wolfgang Schauble

Under current law, there is no additional penalty for someone who enters the United States illegally and then commits either a crime of violence or a drug trafficking offense. They simply come under the same penalty as we have in current law.

John Shadegg

A Quote by Robert C. Solomon

Quote Topics

Quote Author

Related Quotes

Related Authors