Peter Diamond

Peter Diamond

Peter Arthur Diamond (born April 29, 1940) is an American economist known for his analysis of U.S. Social Security policy and his work as an advisor to the Advisory Council on Social Security in the late 1980s and 1990s.

Supportive of Biden's Build Back Better Spending Bill

Peter Diamond signed a statement posted on September 20, 2021 titled "Seventeen winners of the Nobel Prize in economics sign letter in support of the President’s Build Back Better package", which argues that more money must be "invested" now in those things not traditionally thought of as infrastructure such as "human capital, the care economy, research and development, public education, and more..." The statement downplays the concern of inflation.

Endorsed Joe Biden for President

Peter Diamond signed a letter endorsing Joe Biden for President dated September 22, 2020.,

The letter verbatim:

We the undersigned express our support for the economic principles and policies of Joe Biden.

While each of us has different views on the particulars of various economic policies, we believe that Biden’s overall economic agenda will improve our nation’s health, investment, sustainability, resilience, employment opportunities, and fairness and be vastly superior to the counterproductive economic policies of Donald Trump.

Throughout the coronavirus crisis, Biden has recognized that science-based, public health solutions are critical not only to saving lives, but to any viable strategy to restore economic confidence, recovery, and jobs.

Similarly, on issue after issue, Biden’s economic agenda will do far more than Donald Trump’s to increase the economic strength and well-being of our nation and its people. Simply put, Biden’s policies will result in economic growth that is faster, more robust, and more equitable.

The letter was signed by the following economists: George Akerlof, Peter Diamond, Oliver Hart, Eric Maskin, Daniel McFadden, Roger Myerson, William Nordhaus, Edmund Phelps, Paul Romer, Robert Solow, Michael Spence, Joseph Stiglitz and Richard Thaler.

Oppose Constitutional Balanced Budget Amendment

The Center on Budget and Policy Priorities and the Economic Policy Institute "organized" a letter dated July 28, 2011 signed by "leading economists, including five Nobel Laureates in economics" Michelle Bazie of the Center on Budget and Policy Priorities and Phoebe Silag of the Economic Policy Institute were listed as contacts.

The signatories of the letter are Nobel Laureates Kenneth Arrow, Peter Diamond, Eric Maskin, Charles Schultze, William Sharpe and Robert Solow; Alan Blinder, former Vice Chair of the Federal Reserve System’s Board of Governors and former member of the Council of Economic Advisors; and Laura Tyson, former Chair of the Council of Economic Advisors and former Director of the National Economic Council.

Federal Reserve Spot

On Thursday April 29, 2010, President Barack Obama, nominated Sarah Bloom Raskin, Janet Yellen and Peter Diamond to serve on the Federal Reserve Board of Governors.

Publications

• Saving Social security: a balanced approach Diamond wrote a book on Social Security with Peter R. Orszag, President Obama’s director of the Office of Management and Budget, titled (2004 - 2005, Brookings Institution Press) An earlier paper from Brookings Institution had introduced their ideas.