Peter Diamond
Just in case you needed any more examples of how broken our government has become, Peter Diamond just withdrew his nomination to the Fed. Richard Shelby claimed he was blocking the nomination because Diamond doesn’t have relevant experience. He didn’t bother to explain how winning the Nobel for research into theory of employment isn’t relevant to helping manage an economy that’s stuck in one of the worst employment slumps in history. But, of course, what Selby’s saying has nothing to do with what he’s actually doing, does it?