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
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:
-
No one was going to stop me from writing and no one had to really guide me towards science fiction. It was natural, really, that I would take that interest. -
Honest pioneer work in the field of science has always been, and will continue to be, life's pilot. On all sides, life is surrounded by hostility. This puts us under an obligation. -
Science, we are repeatedly told, is the most reliable form of knowledge about the world because it is based on testable hypotheses. Religion, by contrast, is based on faith. The term 'doubting Thomas' well illustrates the difference. -
Rocket science is tough, and rockets have a way of failing. -
If civilization is to survive, we must cultivate the science of human relationships - the ability of all peoples, of all kinds, to live together, in the same world at peace.
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.