Peter A Diamond, who just won the Nobel Prize for Economics has been called unqualified to serve on the Board of Governors of the Federal Reserve. Diamond was an Obama nominee, and there are those who feel his winning of the Nobel constitutes a bit of politicizing by the Nobel Committee. It’s hard to say, the criteria for winning is never discussed. Diamond is considered an expert on taxation, social security, pensions, Medicare, labor markets and behavioral economics. Ben Bernanke was one of his students. Republican senator Richard Shelby of Alabama is his primary opponent. www.allgov.com/Top_Stories/ViewNews/Nobel_Prize_ Earlier this year, Shelby held up the nominations of 70 prospective appointees trying to convince the Obama administration to award a $35 billion defense contract to his state. Rarely at a loss for words, I find I don’t even know what to say about that.
By Myron Gushlak
