A second reason why science cannot replace judgement is the behavior of financial markets. – 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
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
Mom spent the time that she was supposed to be a kid actully raising children, her younger brother and younger sister. She was tough as nails and did not suffer fools at all. And the truth was she could not afford to. She spoke the truth, bluntly, directly, and without much varnish. I am her son. – Chris Christie