Globe Editorial: Do people of distinction have a place in today’s Washington?
- MIT Economics professor and Nobel laureate Peter Diamond took a regrettable but understandable step this week when he withdrew his nomination to the Federal Reserve Board, after Senate Republicans - most notably Richard Shelby, ranking GOP member of the Banking Committee - stood firm against his appointment.

Globe Editorial: Do people of distinction have a place in today’s Washington?

- MIT Economics professor and Nobel laureate Peter Diamond took a regrettable but understandable step this week when he withdrew his nomination to the Federal Reserve Board, after Senate Republicans - most notably Richard Shelby, ranking GOP member of the Banking Committee - stood firm against his appointment.