The Nobel Committee may think a lot about MIT economist Peter Diamond, but he is currently blocked as a nominee for the Board of Governors of the Federal Reserve. Sen. Richard Shelby has objected that Diamond is not qualified for the Board because his specialty is not in monetary policy.
The 2010 Nobel Memorial Prize in Economic Science was awarded on Monday to Peter A. Diamond, Dale T. Mortensen and Christopher A Pissarides for their work on labor markets and other markets where buyers and sellers have difficulty finding each other.
What is curious about the hold on Diamond’s nomination is that three of the five board members are not specialists in monetary economics and one of the Bush appointees did not even have an advanced economics degree.
Source: Washington Monthly
Byron,
At the risk of sounding too simplistic to many of my more learned posters … much of that growth in government you decry was due to an expanding population and the expanding economy that accompanied it.
Byron,
Thanks for the attention, but I think you meant to respond to someone else. Maybe you meant to respond to rcampbell? Now that you have drawn me back in, I think your concern about government being too big is incorrect. I would agree with rcampbell that the reason why the economy tanked is because the Bush regime allowed the convicts to control the prison.
Byron,
Your basic assumption is that a totally free market is the goal that should be reached. Why? (I’m being completely sincere in asking, I’m genuinely interested in your rational).
Rafflaw:
has the code of federal regulations gotten smaller over the last 30 years? Is the Federal Reserve controlling interest rates? We do not have free markets and have not had them for over a 100 years now. We probably never had a totaly free market but came close in the latter half of the 19th century.
For the last 100 years the scope of government control over the economy has increased, it has not lessened.
AY
The Biden tells democrats thread
I knew he didn’t know y’all were talking about him. He’s always on his phone.
AY,
We were admiring your appreciation of a dirty mind. 🙂
Say what?
Prof,
I have to second mespo. You’ve got a good poker face I can tell from seeing you in action at the Porteous hearing, but I think the “curiosity” might even make you smirk a little. 🙂
Ay
You are mentioned frequently on the Biden thread
One of the most illogical and least intelligent people that I have ever had the unfortunate pleasure to have as a professor at UT obtained his PHD in Economics at Wharton…….He last 6 months and was reassigned before being canned.
“What is curious about the hold on Diamond’s nomination is that three of the five board members are not specialists in monetary economics and one of the Bush appointees did not even have an advanced economics degree.”
**********************
Now, JT I would like you to read this statement again and tell me — with a straight face — that you really are “curious” about this set of circumstances!
And Senator Shelby’s economic credentials are??? /:)
Byron,
Also, “Unqualified” is not the same as “disagrees with me.”
Byron,
Your quote to prove that the man’s solution to everything is “More government” is an article he wrote about fixing a government program that in part advocates reducing government programs?
Obama issued a waiver loosening Tiananmen arms sanctions for C-130 military transports for China a day after the Nobel Peace Prize was awarded to an imprisoned Chinese dissident who dedicated the prize this past weekend to the victims of the 1989 crackdown.
http://www.washingtontimes.com/news/2010/oct/11/obama-loosens-sanctions-on-c-130s-to-china/
Gingerbaker: saying “even when they have the majority the Democrats can’t do what they say they will” is not the way to encourage people to support them.
Whats funny is we have congress people that are elected to stop big government from taking over….but they have created a government that takes over to stop the take over….so it is just how little or much government you want….I think I have felt more secure during the Democratic Presidential Years to except this one…than I have ever felt under any GOP less government rant….because you have to have someone watching and then special interest take the job away from you….
For real?
Sen. Susan Collins sees growing disrespect in politics
In a speech in Washington, the Maine senator says new lows in partisanship stymie effective government.
By KEN MAGUIRE Special to The Portland Press Herald
WASHINGTON — U.S. Sen. Susan Collins, who is among a dwindling number of centrists in Congress, said Tuesday night that the lack of civility between Republicans and Democrats is a reflection of the wider society.
http://www.pressherald.com/news/collins-sees-growing-disrespect-in-politics_2010-10-06.html
From Bryon:
“We have had enough government to last us all 5 lifetimes and we have gone backward and not forward. Time to start looking for alternatives to government control”.
On the contrary, we don’t have anywhere near the amount of government controls on corporations we should have. Perhaps you were on another planet over the past 30 yearsand especially during the 2000-2008 period while the delusion of conservatism overtook our politics and economics were in full flower and which ultimately brought the entire world economy to near collapse and the US squarely to the mess we’re living through right now. The failure and emptiness of lassaiz-faire economics is no longer theoretical or debatable. Corporations have proven they cannot be trusted. Some, like the entire health insurance industry should be eleminated and replaced by government.