A second reason why science cannot replace judgement is the behavior of financial markets. – 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
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
People who put my paintings on their walls are putting their values on their walls: faith, family, home, a simpler way of living, the beauty of nature, quiet, tranquillity, peace, joy, hope. They beckon you into this world that provides an alternative to your nightly news broadcast. – Thomas Kincade