Who should be Rand Paul's Fed chairman?

[TaftFan]

Remember when Rand was asked who he wold pick as Fed chairman? He couldn't pick a living person. His first choice was Hayek, followed by Friedman. Ok, both would definitely be upgrades, but they represent different schools of thought. There is nothing wrong with that if he wants to transition from one to another, but he ought to make that clear.

Let's be serious here. It won't be Ron Paul. It won't be Judge Napolitano or Jesse Ventura (Yes, I guarantee someone would bring them up, its like a law of nature).

There are pretty much three areas from which a likely candidate would come from: academia, the banking industry, and from government.

And the candidate cannot just be anyone. They have to be credible enough to make it through confirmation.

Here are my top 3 choices:

1-David Stockman: Former Congressman (1977-1981) and Director of the OMB (1981-1985)

2-John Allison: Former CEO of BB&T (1989-2008)

3-Larry White: Professor at George Mason University

Honestly, I have a feeling only the first two could make it past confirmation, but I could be wrong. I give White the benefit of the doubt because he is a smooth talker. A lot of the Austrians and free bankers (ie. Salerno, Selgin) are too bombastic to be picked.

If you noticed Jim Grant was missing, that is because I don't think he will be viewed credible enough. That, and his tendency to talk in allusions and not examples, would probably do him in.

[Anti-Neocon]

You forgot Alex Jones ;)

[Natural Citizen]

I liked the Stateman's answer better. What's wrong with the Stateman's answer?



https://www.youtube.com/watch?v=TnF8SFHuHgc
https://www.youtube.com/watch?v=zvJxNavIRmA

[TaftFan]

I liked the Stateman's answer better. What's wrong with the Stateman's answer?



https://www.youtube.com/watch?v=TnF8SFHuHgc
https://www.youtube.com/watch?v=zvJxNavIRmA

Understand that Ron has serious answers and answers where is trying to make a point. On the Fed chairman question and income tax question for example.

[69360]

Jim Grant

[TaftFan]

You forgot Alex Jones ;)

LOL, imagine what market tickers would look like every time he made announcment.

[BuddyRey]

How about...nobody?

[Henry Rogue]

Living American Austrian Economist. List from Wikipedia.

William L. Anderson United States Auburn University
Walter Block United States Columbia University
Peter Boettke United States George Mason University
Donald J. Boudreaux United States Auburn University
Gene Callahan United States Cardiff University
Christopher Coyne United States George Mason University
Thomas DiLorenzo United States Virginia Tech
Richard Ebeling United States Middlesex University
Frank Fetter United States University of Halle
Roger Garrison United States University of Virginia
David Gordon United States UCLA
Robert Higgs United States Johns Hopkins University
Randall G. Holcombe United States Virginia Tech
Steven Horwitz United States George Mason University
Israel Kirzner United States New York University
Peter G. Klein United States University of California, Berkeley
Peter Leeson United States George Mason University
Robert P. Murphy United States New York University
David Prychitko United States George Mason University
Lawrence Reed United States Slippery Rock University of Pennsylvania
George Reisman United States New York University
Russell Roberts United States University of Chicago
Joseph Salerno United States Rutgers University
Mark Spitznagel United States New York University
Mark Thornton United States Auburn University
Lawrence H. White United States UCLA

[krugminator]

I would avoid the doomsday version of the Austrians. That would be Stockman and Schiff especially. Maybe people like George Selgin or Steve Horwitz are okay. Maybe Mark Spitznagel. I would rather he go toward someone influenced by Milton Friedman. John Taylor would be a good choice.

[CPUd]

It would be someone currently on the Board at the time of election.

[supermario21]

Walter Williams. He's great on economics (read his stuff on Rockwell's site) and is African-American. Try and get the Democrats to avoid confirming him!

[eduardo89]

Stockman would be a great choice. Same with Jim Grant and Sowell.

[Natural Citizen]

How come I don't see Mr. NOTA on the list? Huh? How come?

[ronpaulfollower999]

Paul Krugman

[MichaelDavis]

Businesspeople

Scott Banister (http://en.wikipedia.org/wiki/Scott_Banister), entrepreneur, angel investor
Linda Bean (http://en.wikipedia.org/wiki/Linda_Bean), businessperson and heiress to the L. L. Bean company
Alex Beltramo (http://en.wikipedia.org/w/index.php?title=Alex_Beltramo&action=edit&redlink=1), co-founder of game website pogo.com (http://en.wikipedia.org/wiki/Pogo.com)
Patrick M. Byrne (http://en.wikipedia.org/wiki/Patrick_M._Byrne), CEO of Overstock.com (http://en.wikipedia.org/wiki/Overstock.com)
Gerald Celente (http://en.wikipedia.org/wiki/Gerald_Celente), author and business consultant
Bill Gross (http://en.wikipedia.org/wiki/Bill_Gross), American financial manager and investment author
Dennis Hof (http://en.wikipedia.org/wiki/Dennis_Hof), Pimp and entrepreneur
Jonathan Johnson, Overstock.com (http://en.wikipedia.org/wiki/Overstock.com) president
Justin Machacek, Emmy award winning Christian television producer, independent faith-based filmmaker, and promotional creative.
Iris Mack (http://en.wikipedia.org/wiki/Iris_Mack), mathematician and author
Jim Rogers (http://en.wikipedia.org/wiki/Jim_Rogers), investor
Joel Salatin (http://en.wikipedia.org/wiki/Joel_Salatin), farmer
Peter Schiff (http://en.wikipedia.org/wiki/Peter_Schiff), CEO of Euro Pacific Capital
Peter Thiel (http://en.wikipedia.org/wiki/Peter_Thiel), PayPal co-founder

Academia

Walter Block (http://en.wikipedia.org/wiki/Walter_Block), Professor of economics at Loyola University New Orleans (http://en.wikipedia.org/wiki/Loyola_University_New_Orleans) and a senior fellow of the Ludwig von Mises Institute (http://en.wikipedia.org/wiki/Ludwig_von_Mises_Institute)
Bruce Fein (http://en.wikipedia.org/wiki/Bruce_Fein), lawyer and Constitutional law expert (senior campaign adviser)
Kevin Gutzman (http://en.wikipedia.org/wiki/Kevin_Gutzman), Professor of history and non-western cultures at Western Connecticut State University (http://en.wikipedia.org/wiki/Western_Connecticut_State_University)
Murray Sabrin (http://en.wikipedia.org/wiki/Murray_Sabrin), professor of finance at Ramapo College
Thomas Woods (http://en.wikipedia.org/wiki/Thomas_Woods), American historian, economist and author
Nassim Nicholas Taleb (http://en.wikipedia.org/wiki/Nassim_Nicholas_Taleb), Lebanese American risk engineering professor and essayist, author of The Black Swan (http://en.wikipedia.org/wiki/The_Black_Swan_(Taleb_book))


http://en.wikipedia.org/wiki/Ron_Paul_presidential_campaign,_2012#Endorsements

[fisharmor]

.....David Friedman?

[TaftFan]

Stockman would be a great choice. Same with Jim Grant and Sowell.

Sowell, as well as Williams who was mentioned above, don't really specialize in monetary economics.

[TaftFan]

.....David Friedman?

Also doesn't specialize in monetary economics.

[Bastiat's The Law]

One game at a time, my friend.

http://i44.tinypic.com/k9hvr7.png

[Christian Liberty]

How about...nobody?

Agreed.

Did Rand seriously say Friedman? I know he's dead, but ugh... Chicago School economists may be good on some things, but the Fed is their critical flaw. And you want to put one in charge of the Fed? Really?

People always joke about hardcore libertarians trying to elect Murray Rothbard's ghost, so if I had to pick a Fed chairman, it would have to be Lew Rockwell:p

[ctiger2]

How about...nobody?

Yes! NOTA it is!

[S.Shorland]

The next downleg starts very soon.The 'FED' might be a soldier with no working weapon by 2016.

[EBounding]

Who should be Rand Paul's Fed chairman?

A computer.

http://oldcomputers.net/pics/appleii-system.jpg

It'd be the closest thing to Milton Friedman since it was his idea.

[ThePenguinLibertarian]

There's a big feud between GMU and LVMI austrians. The former spreading ad hominem and butthurt while the latter is quite rigid. I'd prefer salerno.

[smithtg]

How about...nobody?

sounds good to me!

[jjdoyle]

Alan Greenspan. I've heard he is a gold guy now, even has a book about it? I also think he has some experience with this thing we call the Fed.

[rich34]

Paul Krugman

I'm going to guess you're being sarcastic if not... :-0