Alan Kreuger, R.I.P.

I just read that economist Alan Kreuger has died (an apparent suicide).  Condolences to the Kreuger family.  Much will be written about this in the next couple of days since Kreuger was a Clinton and Obama adviser.  His biggest claim to fame (notoriety is more like it) is a study that supposedly repealed the economic law of demand by claiming that increases in the minimum wage do not increase unemployment but may actually decrease it.  The study was debunked by the National Bureau of Economic Research (NBER) and by other peer-reviewed research, but to this day many commentators who are fully aware of the debunking pretend that it never occurred while citing Kreuger’s sloppy, debunked, if not dishonest study.  Expect them to do a lot of this for the next week or so.

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