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
First, I think the science of monetary economics has clearly gotten better. – Martin Feldstein
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
A second reason why science cannot replace judgement is the behavior of financial markets. – Martin Feldstein
I know I did the right thing by taking time off to raise my son. But it also came at a price. I turned down many opportunities over the years because I didnt want to leave him for long periods of time. And in Hollywood, as in any business, the calls stop coming when you dont answer. – Arsenio Hall