Fed Seat Stalemate Leaves Diamond in the Rough: Kevin Hassett

If a modern-day Aesop were to write a fable that illustrates the essential character of the American government, he could model it on the story of Peter Diamond.

Of the 67 winners of the Nobel Prize in economics, only a handful could be considered giants, thinkers whose names will echo in the halls of academia centuries from now. Diamond, a professor at the Massachusetts Institute of Technology, is one of them.