Posted on 11/18/2016 6:43:58 AM PST by afraidfortherepublic
President Trump will have a choice opportunity that few if any presidents have had — the immediate chance to fill two openings on the board of governors of the Federal Reserve. Only five of the board’s seven seats are now filled, a fact that has received scant attention in the press. Yet finding the right nominees will be important in setting the stage for monetary reforms needed to end the age of fiat money and put paid to the “false economy” of which Mr. Trump warned.
We are only one stop on the organ known as the “Great Mentioner,” but we see a fabulous field. It includes economist Judy Shelton, one of America’s most articulate advocates of sound money and a tribune of Jeffersonian principles; Steve Forbes, the author of a particularly clear book on the gold standard and a sage with few peers in his grasp of monetary history; and David Malpass, an economist who has been a senior economic adviser to Candidate Trump and a critic of the Fed’s zero-interest-rate policy.
It’s not our purpose here to pick favorites, particularly because there is a large field. Economist John Taylor of Stanford University has advanced the idea of requiring the Fed to decide for itself a rule to guide its own policies. His idea is that the Fed would let the Congress know what the rule is so that it, and the rest of us, can gauge the Fed’s performance. The Fed, of course, is resisting even this noblesse oblige. All the more tempting to put Professor Taylor up for the Fed board.
(Excerpt) Read more at nysun.com ...
Right man at the right time....
He could also order an audit of the Federal Reserve.
Ron Paul and Herman Cain!
I would so love Rand Paul in thsi role. Mr. Anti-Fed himself. he along with his father Ron have preached against the ills of the Fed for decades.
Would he not be one grand appointment, assuming he’d take it. He did just win re-election to his Senate seat.
I still think the gesture would be amazing and the elitist crowd would collectively have a heart attack.
Yes he has. This is the best transition in my lifetime, including Reagan 1980. We are fortunate to be alive now and witness the restoration of America. We have A LOT to be thankful for this Thanksgiving.
We need Constitutional money, printed and controlled by the government. Let the Federal Reserve declare bankruptcy. The Fed holds the strings to nearly all leaders, with unlimited cash and no morality to guide them.
I would be so encouraged if Ron Paul was picked as Treasury secretary (or the guy Ron Paul recommends, forget his name).
I know there is plenty of anti Paul sentiment on FR because of his foriegn policy, and that is a crying shame, because he is almost the ONLY politician anti-fed enough for me.
I’m convinced the federal reserve is going to be our undoing, not foriegn threats. Anyone but Paul will continue to pass the buck along to future generations.
There is another reason why Ron Paul would be the gift that keeps on giving for the conservative movement:
There is a large block of disaffected contstitional conservatives (including my own adult children, who I raised as ultra conservatives) - they are extremely well versed and articulate on the founding principles of Liberty and limited government, the Austrian school of economics, and the fallacies of Marxism, yet they will never vote for a republican except Ron Paul, because the Republicans no longer even slightly embody true conservatism. We really want these people back on our side.
I am so impressed with Donald Trump so far, but these young “lost conservatives” do not trust him. Enlisting Ron Paul as Treasury Secretary and Constitutional Powers Advisor (made up title), would be so reassuring to me and my “lost conservative” children... and I really believe his unflagging adherence to the constitution is a rare discipline indeed - Trump would be pulling an amazing coup and vastly improve his odds of MAGA.
IMHO.
Two open seats? Ah, well then Ron Paul and Rand Paul. Janet Yellen would have a seizure!
This is something not being given enough attention, and it is one of the most important pieces of the giant puzzle of corruption and mismanagement. How President Trump handles these picks will tell us a lot about what to expect in our future.
Yes, who he picks will be very important as we move forward.
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