“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.”
Quote by Martin Feldstein
Author
Martin Feldstein
Martin Feldstein, born on November 25, 1939, is a renowned American economist who served as the Chairman of the Council of Economic Advisers under the U.S. President. He has made significant contributions to the fields of tax policy, social security, and international economics. more
You May Also Like
Source: Human Nature and Conduct
Source: The Montessori Reader
“Anybody who doesn't think I want the Lakers to win is a fool. But I'm no homer.”
Source: Miscellanies Upon Various Subjects
“I have even written a book about Wine called The Grapes of Ralph.”
“Man's idea of God, and a God's collusion, is an essential part of the equation to wage war.”