Ron Paul Names Ideal Fed Chairman

Despite his well known calls to “End the Fed”, Dr. Ron Paul has revealed his ideal choice for Federal Reserve Chairman. In an interview with Fox News, he endorsed Austrian economist Jim Grant as his ideal Fed Chairman.

 Grant is an editor for Grant's Interest Rate Observer and a longtime financial journalist.

Here is Paul's endorsement:

The pair would actually serve as a type of hospice for the financial institution, as Grant has previously recommended that Paul be named “executor” of the Fed’s “living will”.

Grant has let loose on the Fed for years. Here's a colorful quip from his WSJ Op-Ed "Requiem for the Dollar":

Ben S. Bernanke doesn't know how lucky he is. Tongue-lashings...are one thing. The hangman's noose is another. Section 19 of this country's founding monetary legislation, the Coinage Act of 1792, prescribed the death penalty for any official who fraudulently debased the people's money. Was the massive printing of dollar bills to lift Wall Street (and the rest of us, too) off the rocks last year a kind of fraud?

Check out this interview with Grant, where reveals the history of the Fed's "mission creep" beyond its initial purpose into experiments in quantitative easing and other fiat currency experiments:

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