goolsbee

Goolsbee - Obama's Economic Adviser - It's All in Your Head

Guess what folks, there is a new economy!    I'll bet you didn't know that just as much as stock evaluations and profit didn't matter in the dot con era.

 

It's All in Your Head

At the helm of the Obama plan is the Chicago School of Economics, heavily promoting behavioral economics..

Aha, if we all just made the right choices, none of this bad shit would be happening right?  A new article, Obama's Geek Economist, in the MIT Technology Review, gives some foreboding hints at what we could expect in economic policy for an Obama administration.  We're being told (sold), we need a new economist for the new economy.

As I recall our economy is a very old story and it's called labor arbitrage.

Obama subscribes to a distinctive set of economic theories developed at the university [of Chicago], and to a corresponding set of policy prescription