Martin Feldstein was Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research. He 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. He was also 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.
坎布里奇-世界各地的政府正在制定大规模的财政刺激一揽子计划，这将带来和平时期前所未有的预算赤字。美国今年的财政赤字有可能占国民生产总值的10 ％以上。相当一部分的财政赤字增长会因为各种各样的新的政府开支而导致。
在正常情况下，我会反对这样的预算赤字和政府开支的增长。当一国经济的就业率达到几乎饱和的时候，政府通过借贷来解决预算赤字会排挤可以提高生产力和生活水平的私人投资。预算赤字会自动增加政府的债务，于是需要更高的税收来支付这些债务的利息。由此产生的高税率又扭曲了经济上的激励作用，从而造成未来的经济表现疲软。
当然，有些政府的开支是需要的或是必需的。但是，增加政府的支出往往意味着浪费，其产生的价值比不上消费者从同样的钱中所能获得的价值。
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