Without Quest for Knowledge, Life Would Be a Mistake
Wednesday, August 31, 2011
Cash for clunkers architect named CEA Chairman
Princeton labor economist Alan Krueger was named as the new Chairman of the Council of Economic Advisors for President Obama. But some of his empirical studies don't quite go along with Mr. Obama's economic plans, particularly with respect to jobless benefits. It seems that Mr. Krueger is more of a "regular economist" in thinking about labor policies, but the real problem for him now is how to reconcile the difference.