Jonathan Chait

Peter Diamond Wins Nobel, Still Unqualified For Fed

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Peter Diamond, one of President Obama's nominees for the Federal Reserve, has won the Nobel Prize in economics. He's still just a "nominee," and has been since spring, because GOP Senator Richard Shelby says he's underqualified. Seriously.

I am glad the Republican Party is finally insisting on high standards in government. Who says they haven't learned from the Bush years?

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