|Where Is the Economy Heading?|
A conversation with Martin Feldstein
NPR's On Point got some great stuff recently. Yesterday, Martin Feldstein was on the hotbed. Host Tom Ashbrook was tough on Marty, and listeners were quite upset.
It's a battle zone out there in the US economy. Lines at the door of American banks, in photos that look out of the 1930s. Home foreclosures still surging. The federal government stepping in big to try and brace up Fannie Mae and Freddie Mac. Fears of worse to come. This isn't the picture economist Martin Feldstein had in mind when he began advising Ronald Reagan on tax cuts, deregulation, and supply side economics in the 1980s. But it's what we've got.
This hour, On Point: Heavyweight Harvard economist Martin Feldstein on the fix we're in, and what comes next for the US economy.