Monday, August 29, 2011

Obama to Nominate Anti-Free Market Princeton Professor as Head of Economic Advisers Team

Fox News reports:
As President Obama prepares his jobs plan speech, he's also filling out his economics team, preparing to nominate Princeton University's Alan Krueger to be chairman of the White House Council of Economic Advisers.

Krueger, 50, a labor specialist who served in Obama's Treasury Department in the first two years of the administration, returns to Washington to succeed Austan Goolsbee, who is now back at the University of Chicago.
Alan Krueger might be the worst choice for this job. Attention Alan Krueger, the demand for labor has a downward sloping demand curve.