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.
“The next day I was put on paid leave from my new job at Louisiana State University. This is very painful to me, though once again I understand the circumstances in which my employers find themselves in light of these actions taken against me.”
“I think the job of movie reviewing can be really tough. If a film has layers that need to be thought about, it's easy to get missed the first time around.”