"First, I think the science of monetary economics has clearly gotten better"

Martin Feldstein's quote recommends that the field of monetary economics has actually seen significant enhancement gradually. This might be due to the increased availability of information, the advancement of new theories, or the application of brand-new innovations. It might likewise be because of the increased focus on the field by economic experts, in addition to the increased collaboration in between economists and other disciplines. The quote indicates that the field of monetary economics has actually become more advanced and has actually been able to supply more precise and trustworthy insights into the economy. This might be advantageous for policy makers, as they can utilize the insights to make more informed choices. In addition, the improved understanding of monetary economics might lead to more efficient and reliable financial policies. In General, Martin Feldstein's quote recommends that the field of monetary economics has seen considerable improvement with time, which could be advantageous for policy makers and the economy as a whole.