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
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
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
People just want to hear some common sense… and I bring to bear the experience in local government and state government and national government – I was the first woman in history on the Senate Finance Committee – not to mention the diplomatic international experience. – Carol Moseley Braun
Do not shun this maxim because it is common-place. On the contrary, take the closest heed of what observant men, who would probably like to show originality, are yet constrained to repeat. Therein lies the marrow of the wisdom of the world. – Arthur Helps, “Chapter IV,” Companions of My Solitude, 1851