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.
“You have to first be a writer and somebody who loves to write. If I couldn't travel, I would still write.”
“If a man can bridge the gap between life and death, if he can live on after he's dead, then maybe he was a great man.”