Martin Feldstein

And finally, no matter how good the science gets, there are problems that inevitably depend…

To finance this trade deficit, the U.S. has to borrow from the rest of the…

A rise in the level of saving can reduce aggregate activity temporarily but only a…

Increased government spending can provide a temporary stimulus to demand and output but in the…

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

But because we in the United States finance our current account deficit by borrowing in…

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

The only way that we can reduce our financial dependence on the inflow of funds…