Martin Feldstein quote

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
Martin Feldstein
Born: Nov 25, 1939

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Business, Saving, Possible, High, High Level, Temporarily, Rise, Only, Output, Investment, Makes, Reduce, Sustained, Aggregate, Activity, Growth, Level

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Alan Greenspan, Herbert A. Simon, John Kenneth Galbraith, Milton Friedman, Paul A. Volcker, Richard Thaler, Robert Reich, Thomas Sowell
New Ideas from Dead Economists: An Introduction to Modern Economic Thought
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