Word: feldstein
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...Paul Volcker has been the outstanding economic figure of this decade," says Professor of Economics Martin S. Feldstein '61, former chairman of Reagan's Council of Economic Advisers. "It's very hard to think of somebody else who could do the job that Paul has done...
Apparently convinced that the cure was more painful than the original ailment, Carter "pulled the rug out from under" his appointed inflation-buster, Feldstein says...
...During my two years in Washington, Volcker visited the White House only three times," says Feldstein, who ate breakfast with Volcker every other week before he left the Administration...
...will take the occasion of an international banking conference to go fishing in some obscure place," Feldstein notes...
...Feldstein offers a widely accepted explanation. "It must be a sense of responsibility combined with the belief that he can do the job--that his successor might not be able to do the job as well...