Recession Not Officially Over

It ain’t over yet — at least officially.

This morning, the Business Cycle Dating Committee at the National Bureau of Economic Research — a nonprofit organization that, among other things, officially determines when recessions start and end — announced that “[a]lthough most indicators have turned up,” it has not More…

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 Feldstein, the conservative Harvard economist and chief economic adviser to former President Ronald Reagan, said last night that, despite his support 16 More…

On Climate Change, Conservatives Suddenly Multilateralists

Former Reagan administration economic adviser Martin Feldstein today makes the case — oft-mentioned in conservative circles — that the Democrats’ proposal to tackle climate change with a cap-and-trade system would put undo burdens on domestic industries, leading to higher costs for everyone. Instead, the Harvard University economist writes in More…

Harvard Economist: Obama’s Tax Cut Not Likely to Help Economy

Too late to slip into this morning’s story on the tax cuts being floated as part of President-elect Barack Obama’s stimulus plan, Harvard economist Martin Feldstein emails to add his name to the growing list of skeptics. Workers given a $500 payroll-tax credit, Feldstein writes, will likely use it More…