A second reason why science cannot replace judgement is the behavior of financial markets. – 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
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
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
Because of my unique experience as my moms child, the beginning of my journey was more about me trying to figure out who I was on my own. My mom is one of the greatest moms and so supportive of all my siblings and of all of us being who we are, and not who she wanted us to be. – Tracee Ellis Ross