But, at least as I read it, that’s what the Republican party — and by that I mean, actual office holders and acknowledged leaders, not yahoos conspiring on some mountaintop — are edging ever closer to these days.
Evidence for such a serious charge? Just the latest comes from an event Mistermix annotated earlier this morning: the murder of Peter Diamond’s nomination to serve as a governor of the Federal Reserve.
A little backstory: Peter Diamond is a member of the Economics Department at MIT (and hence, one of my colleagues).* He is the author, co-author or editor of twelve books, and his CV lists 143 published papers. He is perhaps best known recently for his work on social insurance and Social Security in particular, but his interests have ranged very widely indeed, to include among much else foundational research on what happens when buyers and sellers in a market have to look for each other, the problem of “search markets.” Think, e.g., the problem that employers and job seekers face to find specific matches in order for the job hunter to sell his or her labor to an employer-buyer.
That’s work that was just honored with the 2010 Nobel Prize for Economics.**
much more
http://inversesquare.wordpress.com/2011/06/06/none-dare-call-it-treason/