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HOT: Ron Paul Names His Pick For Federal Reserve Chairman

Thursday, October 27, 2011 5:40
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(Before It's News)

 www.economicpolicyjournal.com
During the online portion of the “Center Seat” segment of Fox News’ “Special Report with Brett Baier,” Ron Paul said that he would “probably” pick economist Jim Grant, editor of Grant’s Interest Rate Observer, for the position, reports The Daily Caller.

The question was posed by Stephen F. Hayes of The Weekly Standard, who noted that Paul would be unable to immediately abolish the Federal Reserve.

“He’s an Austrian economist, he has experience on Wall Street, he’s brilliant, he’s a good historian,” Paul said of Grant. “He would quit printing money.”

Grant has previously said that Paul should be named the “executor” of the Fed’s “living will.”

Grant is an interesting pick. I would classify him as Austrian friendly rather than Austrian. My pick would have been Joe Salerno.

Here's the clip:

 

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