Alan Krueger to head CEA

Princeton economist Alan Krueger was tabbed yesterday to become the next chairman of the President's Council of Economic Advisers.  Krueger is a labor economist who has written extensively on subjects such as the minimum wage, unemployment, rate of return to higher education, and efficiency wages.  He also has done well-cited studies on who is most likely to become a terrorist (they tend to be middle class) and why ticket prices at rock concerts have risen so much (blame the record companies).  Krueger, who has lectured at NC State twice, has his work cut out for him -- the President has promised to release a new jobs package after Labor Day.  I am confident that the President will get great advice.  My two cents: do something big on foreclosures and incentives to start and grow small businesses.