Obama Picks Alan Krueger to Replace Austan Goolsbee

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New friends.
New friends. Photo: Win McNamee/Getty Images

The Princeton professor and former U.S. Treasury chief economist will head his Council of Economic Advisors. Krueger's selection probably had a little something to do with his lauded research on job markets and employment. But who knows? Maybe Obama was just impressed with his 2002 study of rock-concert prices. Surcharges have gotten terrible since then. [NYT]