First, I think the science of monetary economics has clearly gotten better.
Martin Feldstein
More from: Martin Feldstein
DOWNLOAD
You are free to use this picture for any purpose including commercial. A credit linking back to this page is appreciated.
Similar Quotes:
-
We've established a Washington State Academy of Sciences that will enable us to make decisions based on science about what is right for our state, meaning the quality of our lives will get better. -
I would argue that the issue of God and the issue of science have the same roots. -
What business has science and capitalism got, bringing all these new inventions into the works, before society has produced a generation educated up to using them! -
Politics is the science of urgencies. -
On the other hand, the waging of peace as a science, as an art, is in its infancy. But we can trace its growth, its steady progress, and the time will come when there will be particular individuals designated to assume responsibility for and leadership of this movement.
More quotes by 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.
- 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.
- 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.
- 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.
- 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.