Paul Krugman, Krugman & Co.: "Nobel laureate Peter Diamond had a depressing op-ed in The New York Times on June 5, withdrawing himself from contention as a member of the Federal Reserve board in the face of Republican opposition. 'Skilled analytical thinking should not be drowned out by mistaken, ideologically driven views that more is always better or less is always better,' wrote Mr. Diamond, who is a professor of economics at the Massachusetts Institute of Technology. 'I had hoped to bring some of my own expertise and experience to the Fed. Now I hope someone else can.' What you need to know about Mr. Diamond is not just that he's a very great economist, but that he's an economist's economist - someone who is a deeply respected theorist, not at all someone who made his way as an ideologue. His work is basically apolitical. Except that these days everything is political."
Read the Article
No comments:
Post a Comment