Feldstein: ‘I Don’t Think We Have Any Dollar Policy’ in U.S.

The transcript discusses the potential overheating of the US economy, the implications of a weak dollar, and the challenges of achieving sustained GDP growth. It explores fiscal responsibility, the role of interest rates, and market vigilance. The conversation also touches on inflation trends, the Phillips Curve, and the lack of a formal dollar policy, emphasizing market-driven currency changes.

What are the potential dangers of the US economy overheating?

How does a drop in the dollar impact the overall price level and demand in the US economy?

What fiscal measures are suggested to achieve frugality and responsibility in Washington?

What factors contribute to the difficulty in finding inflation despite low unemployment rates?

What are the implications of a weak dollar policy as discussed in the text?