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
First, I think the science of monetary economics has clearly gotten better. – Martin Feldstein
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
The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit. – Martin Feldstein
Todays preoccupation with physical theories of everything takes a wrong turn from the purpose of science – to question all things relentlessly. Modern physics has become like Swifts kingdom of Laputa, flying absurdly on an island above the earth and indifferent to what is beneath. – Robert Lanza