Harvard’s Feldstein: More Stimulus Will Do ‘More Harm Than Good’
Although a good number of (non-congressional) budget hawks are urging more federal spending to address the jobs crisis, not everyone is on board. Martin
Jul 31, 2020206.8K Shares2.7M Views
Although a good number of (non-congressional) budget hawks are urgingmore federal spending to address the jobs crisis, not everyone is on board.
Martin Feldstein, the conservative Harvard economist and chief economic adviser to former President Ronald Reagan, said last night that, despite his support16 months ago for the idea of stimulus spending (though not the ultimate bill), the time for such a government intervention has passed.
“At this time I think a stimulus spending bill would probably do more harm than good by further undermining confidence in the fiscal situation,” Feldstein, president emeritus of the National Bureau of Economic Research, wrote in an email.
It’s the best news Sen. Jim Bunning (R-Ky.) has had in a week.
Paolo Reyna
Reviewer
Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies.
Paolo enjoys writing about celebrity culture, gaming, visual arts, and events. He has a keen eye for trends in popular culture and an enthusiasm for exploring new ideas. Paolo's writing aims to inform and entertain while providing fresh perspectives on the topics that interest him most.
In his free time, he loves to travel, watch films, read books, and socialize with friends.
Latest Articles
Popular Articles