Baptism by Political Fire

Though he's a novice, much is expected of Reagan's new adviser

To a tyro, an initiation into the ways of Washington can be harsh, as Economist Martin Feldstein has been finding out. Two months ago, Ronald Reagan nominated the highly regarded president of the National Bureau of Economic Research to become chairman of the President's Council of Economic Advisers. But at his confirmation hearings Feldstein quickly got a foretaste of what awaits him in the task of giving advice on economic policy to an Administration whose program is under attack.

Feldstein handily passed the first...

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