When a Nobel Prize Isn’t Enough

06/05/2011 10:51 pm ET | Updated Aug 05, 2011
  • PETER A. DIAMOND nytimes.com

LAST October, I won the Nobel Prize in economics for my work on unemployment and the labor market. But I am unqualified to serve on the board of the Federal Reserve — at least according to the Republican senators who have blocked my nomination. How can this be?

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