M

Martin Feldstein

· 8 kata bijak

Martin Feldstein

Sukses

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.

🖼 Gambar

Martin Feldstein

Kehidupan

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.

🖼 Gambar

Martin Feldstein

Sukses

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.

🖼 Gambar

Martin Feldstein

Kehidupan

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.

🖼 Gambar

Martin Feldstein

Kepemimpinan

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.

🖼 Gambar

Martin Feldstein

Keluarga

A second reason why science cannot replace judgement is the behavior of financial markets.

🖼 Gambar

Martin Feldstein

Kehidupan

First, I think the science of monetary economics has clearly gotten better.

🖼 Gambar

Martin Feldstein

Kreativitas

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.

🖼 Gambar