For the record that is our pick too. Interest rates are the most important prices in the economy and they should not be determined by a banking politburo. Markets should set rates, and the economy would be much healthier for it.
(From CNN Money)
“Dr. Paul would prefer we get rid of central economic planning via a central bank. All mentioned candidates believe that one person or a committee has the knowledge to dictate the correct interest rate and rate of growth of the money supply, which they do not.
The main point is that Dr. Paul doesn’t believe the current failed policies of the Reserve would change if any of the mentioned candidates were to become Fed Chair.”