Paul Krugman on Peter Diamond

Paul Krugman:

Peter Diamond, Macro Maven: This is disgusting: Senate Republicans holding up Peter Diamond’s nomination to the Federal Reserve Board on the grounds that he may not be qualified to make monetary policy. Aside from the fact that the same Senators cheerfully confirmed Bush nominees who didn’t know much about economics of any kind, this is especially stupid right now. Why? Because right now one of the hot topics is whether the apparent shift in the Beveridge curve signals a...