When a Nobel Prize Isn’t Enough

…we should all worry about how distorted the confirmation process has become, and how little understanding of monetary policy there is among some of those responsible for its Congressional oversight. Analytical expertise is needed … to make government more effective and efficient. Skilled analytical thinking should not be drowned out by mistaken, ideologically driven views that more is always better or less is always better. Full Story »

Posted by Lynn Caporale - via Arianna Huffington, AllTop, New York Times (Most Emailed), NewsRack (Business), New York Times (Opinion), Donica Mensing (t), urmi das (t), Ray Nichols (t), Sirajul Islam (t)
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Member Tags: United States Senate, Federal Reserve, unemployment, federal reserve system, barack obama, united states economy, nobel prizes, republican party, richard shelby, economic conditions and trends, Senate
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Posted by: Posted by Lynn Caporale - Jun 5, 2011 - 3:51 PM PDT
Content Type: Article
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Edited by: Lynn Caporale - Jun 5, 2011 - 3:55 PM PDT

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Lynn Caporale
4.7
by Lynn Caporale - Jun. 5, 2011

This is a brief analysis of a major challenge facing the Federal Reserve, combined with a description of comments by a key Senator opposed to the author's confirmation, comments which reveal ignorance of the issue.

Richard C. Shelby of Alabama, the ranking Republican on the committee, has questioned the relevance of my expertise. “Does Dr. Diamond have any experience in conducting ... More »

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Roland F. Hirsch
1.0
by Roland F. Hirsch - Jun. 5, 2011

This blog post has no obvious journalistic merit. It is a personal puff piece. And the author starts out with the false claim of having won a Nobel Prize, which of course he didn't. There is no "Nobel Prize in economics", as everyone except this person knows. That piece of self-promotion right away makes this whole piece untrustworthy. He repeats the lie four times, in the title, at the beginning and twice in the middle!

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