Monday, March 14, 2011

Shelby on Diamond

Thanks to Enda for sending this link to Senator Richard Selby of Alabama's opposition to the nomination of Peter Diamond.

"He supports the use of behavioral economics to help bureaucrats more effectively control the choices Americans make... In short, Dr. Diamond is an old-fashioned, big government Keynesian. Many of us believe that this is not the economic philosophy the Fed should be embracing at this point in our economic history. Our economy is already suffering from excessive government debt and misguided regulation. Our financial regulators should be trying to take steps to strengthen our markets, rather than replace them with new layers of government."

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