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Rand Paul's Ideal Fed Chairman: Friedrich Hayek

Rand Paul interview with Businessweek:

Q: You’re a big reader of Austrian economists such as Friedrich Hayek and Ludwig von Mises, who don’t believe in stimulus and say the economy can return to health only through austerity.
A: You can stimulate prosperity by leaving more money in the hands of those who earn it. If you want to stimulate the economy in Louisville, leave more money in Louisville and send less to Washington. My plan has a 17 percent flat tax with very few deductions, and it would leave $600 billion in the economy. But it would work better than a government stimulus because of the Milton Friedman proposition that nobody spends somebody else’s money as wisely as they spend their own. I think you’d have a boom like you’ve never seen in this country.

Q: Who would your ideal Fed chairman be?
A: Hayek would be good, but he’s deceased.

Q: Nondead Fed chairman.
A: Friedman would probably be pretty good, too, and he’s not an Austrian, but he would be better than what we have.

Q: Dead, too.
A: Yeah. Let’s just go with dead, because then you probably really wouldn’t have much of a functioning Federal Reserve.

http://www.businessweek.com/articles/2013-08-08/rand-paul-on...



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He's saying in that subtle Rand way

that he'd like to see the Fed go.

Real patriots ask questions.

I love it!

Not being very subtle when he says "Yeah. Let’s just go with dead, because then you probably really wouldn’t[sic] have much of a functioning Federal Reserve."

Andrew Napolitano for President 2016!
http://andrewnapolitano.com/index

"Patriotism should come from loving thy neighbor, not from worshiping Graven images." - ironman77

Gotta love the way

Randicons "read into" statist Neocon Rands words and actions and see all kinds of non-existent stuff. He had AMPLE opportunity to say "End the Fed rip off scam", but he didn't. Because he is ONE OF THEM.

Reading into?

Reading into? How exactly would a Fed with corpses in charge function?

Andrew Napolitano for President 2016!
http://andrewnapolitano.com/index

"Patriotism should come from loving thy neighbor, not from worshiping Graven images." - ironman77

TwelveOhOne's picture

Braaaaaaaains!

.

I love you. I'm sorry. Please forgive me. Thank you.
http://fija.org - Fully Informed Jury Association
http://jsjinc.net - Jin Shin Jyutsu (energy healing)

Not "reading into"...

...just reading.

"Alas! I believe in the virtue of birds. And it only takes a feather for me to die laughing."

Yikes... Friedman at the fed?

Yikes... Friedman at the fed? He was a great economist in most every area EXCEPT monetary theory. Friedman thought the problem in the great depression was that the fed didn't stimulate ENOUGH. Ben bernanke studied Friedman deeply and loves his monetary theory if that says anything. I wish rand would sign up for some mises university stuff. He'd be so good and it'd come naturally to him

"You must be frank with the world; frankness is the child of honesty and courage...Never do anything wrong to make a friend or keep one...Above all do not appear to others what you are not" - Robert E. Lee, CSA

it's just more pandering

Rand knows conservatives love Friedman.

“Although it was the middle of winter, I finally realized that, within me, summer was inextinguishable.” — Albert Camus

Just buy a drone that says, "Print more money, buy trash assets.

Master Cylinder for Federal Reserve Chairman.

Free includes debt-free!

I had forgotten about the

Master Cylinder!

1959. We got Color TV 1963.

Dad built a Heathkit. I found the parts he needed for each step; tube sockets, screws, resistors, capacitors and inductors.

A great job for a 2nd grader. Match pictures, sizes, colors and numbers. When he turned it on, it worked.

It's interesting to see it in color. Thanks VR!

Free includes debt-free!

Same here, 1963

Ours came in a console w/ a stereo. All of the neighbors came by to check it out.