Over the weekend, America lost a brilliant economist, and many of us lost a dear friend.
When I asked Alan Krueger to serve as my chief economist in the White House, he’d already had a stellar career inside and outside of government. He spent the first two years of my administration helping to engineer our response to the worst financial crisis in 80 years, and to successfully prevent the chaos from spiraling into a second Great Depression. During his tenure as the Chair of my Council of Economic Advisors, he helped us return the economy to growth and sustained job creation, to bring down the deficit in a responsible way, and to set the stage for wages to rise again.
But Alan was someone who was deeper than numbers on a screen and charts on a page. He saw economic policy not as a matter of abstract theories, but as a way to make people’s lives better. He believed that facts, reason, and evidence could make government more responsive, and his enthusiasm and curiosity was truly infectious. It’s part of what made him not only a great economist but a great teacher – someone who could make complicated subjects accessible and even fun. A landmark, real-world study on the positive impact of the minimum wage. His creation of the “Gatsby Curve” that illustrated the connection between concentrated wealth and social mobility between generations. A rollicking speech at the Rock and Roll Hall of Fame on how understanding the economics of rock and roll might help us solve one of his deepest concerns: rebuilding the middle class in a changing economy. Through it all, he had a perpetual smile and a gentle spirit – even when he was correcting you. That’s what made him Alan – a fundamentally good and decent man.
My thoughts today are with his wife, Lisa, their kids, Ben and Sydney, his many students and colleagues, and everyone who loved and will miss Alan Krueger.
found @ 38993 likes ON 2019-04-11 16:57:28 BY ME.ME