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 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


		Name: Martin Feldstein Type: Economist Nationality: American Birth: November 25, 1939

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