Where Is the Economy Heading? | WBUR and NPR

TODAY IS MONDAY, MARCH 15, 2010

Tuesday, July 15, 2008 at 10:00 AM EDT

Where Is the Economy Heading?

(AP)

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.

- Tom Ashbrook

* * *

Guests:

Martin Feldstein, economics professor at Harvard University, is president emeritus of the National Bureau of Economic Research and former chairman of the Council of Economic Advisers under President Reagan.

Tags: Economy, finance, money, recession

Listener comments

Hi: How would Obama address these 3 building blocks of a new economy:
1) Infrastructure Construction
2) Energy Development
3) Hemp Industry Development?
Posted by Andy Kovats, on October 9th, 2008 at 10:38 AM

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