WHY PETER DIAMOND’S NOMINATION MATTERS MORE THAN YOU THINK…. | The Washington Monthly
Continued, needless obstructionism in the US Senate by Republicans. Why do they hate America?
Even for a hack like Shelby, questioning Diamond’s experience is both crazy and pathetic — the scholar is among the most accomplished economists of his generation. The conservative Alabaman suggested the Diamond’s background is not in monetary policy, which is true, but is hardly a prerequisite — of the five current governors of the Fed, three are not specialists in monetary economics. One of Bush’s appointees has no advanced degree in economics and has never done any academic research in the field. Shelby never raised questions about his qualifications and didn’t hesitate to support that nomination.