Word: feldstein
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...President's seat-of-the-pants forecasting and his refusal to listen to his chief economic adviser have raised serious questions: Is there any basis for Reagan's optimism? Is Feldstein right about the perils of deficits? Does a growing budget gap produce high interest rates...
...Gang of Three against deficits-Feldstein, Volcker and Stockman-argue that the red ink damages...
Above all, he can be stubborn. A long-running argument has been brewing in the Feldstein household over whether to get a television set for the family vacation home near Brattleboro, Vt. His daughters Margaret, 13, and Janet, 11, say yes, but father tunes them out on the ground that the tube would intrude on their time together. "I side with Marty," says Wife Kathleen. "The girls obviously don't like...
...White House aides have not had much more luck with Martin Feldstein than have his daughters. Administration officials have been bluntly trying to get him to cool down the warnings he has been issuing about the dangers of high deficits for the past six months, but with little success...
...Feldstein says he believes he should tell the President what he thinks rather than just "fall in line when the political types say march this way or that...