Sign in to follow this  
Followers 0
Brianna

Ron Paul to take charge of Fed?

5 posts in this topic

Apparently, Ron Paul is the next person up for the chairmanship of the Monetary Policy subcommittee:

http://www.cnbc.com/id/40013227

Doesn't mean it'll actually happen; I wouldn't be at all surprised if, given Paul's views, all of Washington does its utmost to keep him from chairing this committee. Still, could you imagine the look on Bernanke's face if it actually happened?

Share this post


Link to post
Share on other sites
Apparently, Ron Paul is the next person up for the chairmanship of the Monetary Policy subcommittee:

http://www.cnbc.com/id/40013227

Doesn't mean it'll actually happen; I wouldn't be at all surprised if, given Paul's views, all of Washington does its utmost to keep him from chairing this committee. Still, could you imagine the look on Bernanke's face if it actually happened?

I wouldn't be too surprised if he became chairman of that committee. He is the ranking member, and it's pretty unusual to bypass someone. If the Republican leaders in the house didn't want him there they wouldn't have put him on that committee in a senior position. I certainly don't agree with all of Ron Paul's views, but I think it would both be hilarious as well as potentially very effective to see what he can do in terms of oversight and monetary reform. Can you imagine how amazing it would be if we get back on the gold standard in, say, the next decade?

Share this post


Link to post
Share on other sites
Apparently, Ron Paul is the next person up for the chairmanship of the Monetary Policy subcommittee:

http://www.cnbc.com/id/40013227

Doesn't mean it'll actually happen; I wouldn't be at all surprised if, given Paul's views, all of Washington does its utmost to keep him from chairing this committee. Still, could you imagine the look on Bernanke's face if it actually happened?

I think this would be fabulous . . . if there is one place for a Libertarian, it's on that committee. And, yes: to see the expected sag in Mr. Bernanke's face (as well as those of his fellow committee members) upon Mr. Paul's asking the first question would be something special to behold. Whether Mr. Paul is in possession of the requisite intellectual "gifts" to follow through effectively on the expected discombobulations is yet to be seen.

Share this post


Link to post
Share on other sites
Sign in to follow this  
Followers 0