"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
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"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.“
-Martin Feldstein
posted in business
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"First, I think the science of monetary economics has clearly gotten better."
-Martin Feldstein
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"A second reason why science cannot replace judgement is the behavior of financial markets."
-Martin Feldstein
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"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."
-Martin Feldstein
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"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."
-Martin Feldstein
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"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."
-Martin Feldstein
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"Of course this is Vegas and it is the melting pot for all over the world, but people from all over the world know Donny and Marie. It is amazing. I have been in the business a long time to realize careers can be fleeting. Five years is a long career nowadays for some people, and here we are still going strong after 40 years."
-Donny Osmond
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"Our competition for American business is no longer in the next county or the next state, it's around the world."
-Karl Rove
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"McSweeney's as a publishing company is built on a business model that only works when we sell physical books. So we try to put a lot of effort into the design and production of the book-as-object."
-Dave Eggers
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"A belief in God is vitally important, not just in show business, but stability in life. You know, to recognize deity is the most important thing that you can do. I mean, it comes to the Ten Commandments. They weren't ten suggestions. They were Ten Commandments."
-Donny Osmond
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"To me, the print business model is so simple, where readers pay a dollar for all the content within, and that supports the enterprise."
-Dave Eggers
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"It's a lot of work to keep reinventing yourself and coming up with new stuff, but that's what it takes to be in show business."
-Donny Osmond
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