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Posts Tagged ‘alan krueger’

It’s Opposite Day!

September 3rd, 2011 1 comment

President Øbama

Answer this question as quickly as you can — don’t think about it:  If Fester raises the price of his lemonade, will you buy more of it, or less?  Yeah, that’s what I thought.

Incredibly, Professor Alan Krueger thinks just the opposite, at least when it comes to hiring labor.  Professor who, you ask?  You know, President Øbama’s proposed chairman of the Council of Economic Advisors — the administration’s chief economist.  Yeah, that guy!  But here’s the problem, see.  As Spengler points out, Krueger hasn’t the foggiest idea how jobs are actually created:

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