"A second reason why science cannot replace judgement is the behavior of financial markets." ― Martin Feldstein Topic(s): Life More From Martin Feldstein "First, I think the science of monetary economics has clearly gotten better." "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." "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." More In Life "I guess I have always been deeply terrified to really be someone’s wife since I know from life one cannot love another, ever, really."― Marilyn Monroe "You will find as you look back upon your life that the moments when you have truly lived are the moments when you have done things in the spirit of love."― Henry Drummond "Develop interest in life as you see it; in people, things, literature, music – the world is so rich, simply throbbing with rich treasures, beautiful souls and interesting people. Forget yourself."― Henry Miller