Jonathan Chait

Peter Diamond Wins Nobel, Still Unqualified For Fed


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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