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