Ron Paul’s Fed Chairman

It would be a shame were this election season to go by without at least one newspaper commenting on Congressman Ron Paul’s vow that were he elected president the person he’d nominate to be chairman of the Federal Reserve is James Grant. This happened on Fox News, where it was noted that Dr. Paul’s call for the abolition of the Fed wouldn’t start right away. So who, he was asked by journalist Stephen Hayes, would be his pick for Fed chairman? “Hmmmm,” the congressman replied. “Probably Jim Grant.” Adds he: “He’s an Austrian economist, he has experience on Wall Street, he’s brilliant, he’s a good historian. He would quit printing money.”