Peter Diamond Wins Nobel, Not Fed Seat

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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?

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Keep us relentless, independent, and free to read.

For 50 years, Mother Jones has offered honest, investigative reporting you can rely on:

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    • Independent from influence or agenda from oligarchs and corporations

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But we can’t do any of this without you. Reader support powers our newsroom to stay nimble and fearless, ready for whatever story comes next. If you can, make a donation today.

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