Word: feldstein
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...Feldstein spoke to a group of about 50 major contributors to the Harvard College Fund as part of the eighth annual President's Associates Weekend...
Outlining three reasons for the tax revolt, Feldstein said the principal force behind it is "a legislative response to a widespread public feeling of being overtaxed, especially in the middle and lower income groups...
...Feldstein also said he generally dislikes mandatory wage and price controls, which he thinks the government may possibly reinstate in the near future. "We're in for unfortunate times," he said...
...Martin Feldstein, a gentle, cherubic fellow, who left the Bronx sidewalks for undergraduate distinction at Harvard and found a home there (with time off to earn a Ph.D. at Oxford). Philosophically, Professor Feldstein is eclectic: liberal enough to have been a counselor to Candidate Carter in '76, sufficiently conservative to have been invited to join President Ford's Council of Economic Advisers in '74 (he turned down the bid). At 38, Marty Feldstein is one of America's three or four brightest young economists, and already he heads the prestigious National Bureau of Economic Research...
...surest way to raise living standards and create jobs, Feldstein argues, would be to increase investment in factories and machines, in automation and modernization. To do that, America needs more savings and capital formation -and, Feldstein continues, the biggest impediment to that is Social Security...