Always love it when these people crawl away from their university rocks long enough to test their theories in the real world, completely trash things, and then slink back to the safety of the classroom chalkboard where they can make that leftist looney-toon idiocy actually work. Cass Sunstein is the latest example:
Cass Sunstein, administrator of the powerful Office of Information and Regulatory Affairs in the White House Office of Management and Budget, will return later this month to his previous post at Harvard Law School, the White House will announce Friday.
Sunstein, a celebrity academic who met Barack Obama when they were both teaching at University of Chicago Law School was among the world’s most-quoted law professors when he came to Washington in 2009. He was named the new president’s chief regulatory enforcer (often called the “regulatory czar”) as head of OIRA “oh-eye-ruh,” an office that gets little attention but is among an administration’s most potent levers.
Like Obama, Sunstein embraces “behavioral economics” – an emphasis on human behavior, rather than abstract theory, for identifying incentives to promote desired financial and environmental activity by individuals and corporations. The field of study supplied early underpinnings for Obama’s plans for health care and financial regulation.
This part is funny:
Sunstein became a lightning rod for liberal activists who had hoped the administration would be more aggressive with regulatory policy.
Because when you think “tsunami of de-regulation” you think “Obama administration.”
It isn’t difficult to understand why Obama and Sunstein took to each other so long ago — here’s Cass in 1999:
In what sense is the money in our pockets and bank accounts fully ‘ours’? Did we earn it by our own autonomous efforts? Could we have inherited it without the assistance of probate courts? Do we save it without the support of bank regulators? Could we spend it if there were no public officials to coordinate the efforts and pool the resources of the community in which we live.
For a more recent example consult Obama’s “you didn’t build that” speech.
Here’s the kind of crackpottery that’s on its way back to Harvard: