Peter Diamond of MIT wins Nobel Prize in Economics but is not experienced enough to get on the Federal Reserve

Peter Diamond won the Nobel Prize in Economics today. His research on unemployment is good enough to earn him the Nobel Prize in economics but not enough to get him on the Federal Reserve. His research is on the gap between the number of jobs available and the number of people who are still looking for jobs. What is wrong with this picture?

Do you think Congress will change its mind and decide he might be qualified to take the position on the Federal Reserve Board?


Mary Greenwood, Mediator, Attorney and Author of How To Negotiate LIke A Pro: 41 Rules for Resolving Disputes, Winner of six book awardsBest How To Book, DIY FestivalRunner Up, New York Book Festival, E-Book and Self-Help CategoryFinalist ForeWord Magazine Book of the Year AwardsFinalist, Best National Book Awards, Self-Help CategoryHonorable Mention, London Book FestivalHow To Mediate Like A Pro: 42 Rules for Mediating DisputesWinner of five book awardsBest National Book AWard, Law CategoryBest E-Book, New York Book FestivalBest How To Book, Beach Book FestivalBest E-Book, Indie Excellence AwardsSpirit AWard, South Florida Writers AssociationEmail: howtonegotiate@aol.comwww.marygreenwood.com