Monday, June 29, 2015

Martin Feldstein — What is Full Employment?


Loony tunes for your amusement.

"What is full employment." It's when wages that have been stagnant or fallen during a recession begin to recover.

Project Syndicate
What is Full Employment?
Martin Feldstein, Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research, chaired President Ronald Reagan’s Council of Economic Advisers from 1982 to 1984. In 2006, he was appointed to President Bush's Foreign Intelligence Advisory Board, and, in 2009, was appointed to President Obama's Economic Recovery Advisory Board. Currently, he is on the board of directors of the Council on Foreign Relations, the Trilateral Commission, and the Group of 30, a non-profit, international body that seeks greater understanding of global economic issues.

3 comments:

mike norman said...

Feldstein is a total loser. He's been so wrong on just about everything that the very sight of the guy disgusts me. Why is anyone still listening to this idiot?

Tom Hickey said...

in 2009, [Feldstein] was appointed to President Obama's Economic Recovery Advisory Board

No wonder it was the recovery that wasn't.

Ralph Musgrave said...

Bill Mitchell wrote an article 4 years ago entitled "Martin Feldstein should be ignored". Quite right. See:

http://bilbo.economicoutlook.net/blog/?p=14356