tag:blogger.com,1999:blog-3782644139927778760.post-21733947424740344662008-05-08T05:26:00.000-04:002008-05-08T05:26:00.000-04:002008-05-08T05:26:00.000-04:00"For instance, last month he wrote in the Wall Street Journal against further rate cuts, arguing they'd do little to stimulate growth but would be effective fuel for inflation."<BR/><BR/>If memory serves Feldstein was one of the first chicken littles to advocate cutting rates, to avert recession. Never apologized for taking that position, as near as I can tell.anoreply@blogger.com