"First, I think the science of monetary economics has clearly gotten better."
― Martin Feldstein
Topic(s):
Change
More From 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."
- "Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work."
- "A second reason why science cannot replace judgement is the behavior of financial markets."
More In Change
- "The Philippines is a terrible name, coming from Spain. Phillip II was the father of the inquisition, who I believe died of syphilis. It is my great regret that we didn’t change the name of our country."― Imelda Marcos
- "I have to struggle to change people’s perceptions of me. I grew very frustrated with the perception that I’m this shy, retiring, inhibited aristocratic creature when I’m absolutely not like that at all. I think I’m much more outgoing and exuberant than my image."― Helena Bonham Carter
- "We build buildings which are terribly restless. And buildings don’t go anywhere. They shouldn’t be restless."― Minoru Yamasaki