Feldstein Speaks Out, For a Change

Professor of Economics Martin S. Feldstein '61, who has yet to be replaced as President Reagan's chairman of the Council of Economic Advisor since he returned to Harvard this summer is once again speaking out on his difference with the President.

"It would be a mistake" to abolish the council, Feldstein said in a prepared statement this week. The President would have to turn to "politicians at the White House and the Treasury" for economic advice.

The Administration has stated that it wants to says $2.5 million (out of a budget deficit of $200 billion) by cutting the council.

But a Yale economist speculated in The Globe on Wednesday that "the immediate reason is that the President doesn't want people around like Martin Feldstein."