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Martin Feldstein

Martin Feldstein

George F. Baker Professor of Economics at Harvard University

Member of the Board, Belfer Center for Science and International Affairs

Contact:
Telephone: 617-868-3900
Email: mfeldstein@harvard.edu
Website: http://www.nber.org/feldstein

 

 

By Date

 

2009 (continued)

AP Photo

September 7, 2009

"ObamaCare's Crippling Deficits"

Op-Ed, Wall Street Journal

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

Martin Feldstein believes that while the deficits caused by the fiscal stimulus package will end in 2011 and will help to sustain a fragile recovery in 2010, the deficits projected for the longer term are a threat to our economic future. The starting point for controlling those future deficits is for Congress to abandon the administration's health-care plan-a plan that will cost more than $1 trillion.

 

 

August 27, 2009

"America's Mortgage Meltdown"

Op-Ed, The Age

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

"The bursting of America's housing bubble in the northern summer of 2006 triggered the global financial crisis and recession," argues Martin Feldstein, a member of the board at Harvard Kennedy School's Belfer Center. "The sharp fall in house prices that followed dramatically reduced household wealth, leading to lower consumer spending and a fall in gross domestic product," Feldstein says.

 

 

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August 19, 2009

"ObamaCare Is All About Rationing"

Op-Ed, Wall Street Journal

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

The best solution to this problem of private overconsumption of health services would be to eliminate the tax rule that is causing the excessive insurance and the resulting rise in health spending. Alternatively, Congress could strengthen the incentives in the existing law for health savings accounts with high insurance copayments. Either way, the result would be more cost-conscious behavior that would lower health-care spending.

 

 

AP Photo

August 8, 2009

"How to Save an ‘Underwater’ Mortgage"

Op-Ed, Wall Street Journal

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

Borrowers should get relief now, and the banks should get a guarantee down the road.

 

 

July 29, 2009

"U.S. saving rate and dollar's future"

Op-Ed, The Korea Herald

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

The increase in the household saving rate reduces America's need for foreign funds to finance its business investment and residential construction. Taken by itself, today's $750 billion annual rate of household saving could replace that amount in capital inflows from the rest of the world.

 

 

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July 28, 2009

"Obama's Plan Isn't the Answer"

Op-Ed, Washington Post

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

For the 85 percent of Americans with health insurance, President Obama's plan is bad news.

 

 

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June 30, 2009

"Will carbon cap-and-trade incite protectionism?"

Op-Ed, The Korea Herald

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

"There is no easy answer to this problem. But before rushing to impose tariffs, it is important to remember that cap-and-trade policies would not be the only government source of differences in competitiveness. Better roads, ports, and even schools all contribute to a country`s competitiveness."

 

 

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June 28, 2009

"The Fed must reassure markets on inflation"

Op-Ed, Financial Times

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

"The simplest explanation for the higher 10-year rate is that many investors now expect inflation to rise. Although economic weakness and excess capacity are keeping current inflation low, the explosive rise of bank reserves created by Fed policy provides fuel for future inflation. The prospective decline of the dollar is also a potential source of inflation."

 

 

June 2, 2009

"Has a recovery really begun in U.S.?"

Op-Ed, The Korea Herald

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

Although the American economy is continuing to decline, it is no longer falling as fast as it was at the beginning of the year or in the weeks after the collapse of Lehman Brothers in September 2008. In that sense, it is reasonable to say that the worst of the downturn is now probably behind us.

 

 

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June 1, 2009

"Cap-and-Trade: All Cost, No Benefit"

Op-Ed, Washington Post

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

"The Obama administration and congressional Democrats have proposed a major cap-and-trade system aimed at reducing carbon dioxide emissions. Scientists agree that CO2 emissions around the world could lead to rising temperatures with serious long-term environmental consequences. But that is not a reason to enact a U.S. cap-and-trade system until there is a global agreement on CO2 reduction. The proposed legislation would have a trivially small effect on global warming while imposing substantial costs on all American households. And to get political support in key states, the legislation would abandon the auctioning of permits in favor of giving permits to selected corporations."

 

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