Wednesday, June 8, 2011

When a Nobel Prize Isn’t Enough

Peter A. Diamond has written a piece about his nomination to the Fed. Way to keep it classy, Alabama:
Last October, I won the Nobel Prize in economics for my work on unemployment and the labor market. But I am unqualified to serve on the board of the Federal Reserve — at least according to the Republican senators who have blocked my nomination. How can this be?...The leading opponent to my appointment, Richard C. Shelby of Alabama, the ranking Republican on the committee, has questioned the relevance of my expertise.
Be sure to read it all.

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