Peter Diamond Wins Nobel, Not Fed Seat


I see that Sen. Richard Shelby (R–Ala.), in addition to just being an all-around prick, is now responsible for blocking the appointment of a Nobel prize winner to the Federal Reserve. Nice work, GOP!

At this point, I’m increasingly open to the idea of a constitutional amendment limiting the Senate’s confirmation authority to, say, 50 executive branch positions. They can pick whatever 50 they want. But surely having veto power over the 50 most important spots is enough? Aren’t they supposed to spend most of their time considering legislation, after all?

Fact:

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