"And finally, no matter how good the science gets, there are problems that inevitably depend on judgement, on art, on a feel for financial markets."
-Martin Feldstein
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"A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high level of saving makes it possible to have the sustained high level of business investment that contributes to the long-run growth of output.“
-Martin Feldstein
posted in Business
Other Quotes by Martin Feldstein
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"First, I think the science of monetary economics has clearly gotten better."
-Martin Feldstein
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"A second reason why science cannot replace judgement is the behavior of financial markets."
-Martin Feldstein
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"Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work."
-Martin Feldstein
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"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
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"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."
-Martin Feldstein
FinanceView Quote
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-Donny Osmond
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"A belief in God is vitally important, not just in show business, but stability in life. You know, to recognize deity is the most important thing that you can do. I mean, it comes to the Ten Commandments. They weren't ten suggestions. They were Ten Commandments."
-Donny Osmond
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-Dave Eggers
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-Donny Osmond
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