Why aren’t reasonable, intelligent, honest people like Ron Paul and Jim Grant in positions of power? They understand history and they understand the monetary system. They are right. Our system is so corrupt and dysfunctional that perfectly reasonable solutions proposed by Grant and Paul are made out to be crazy. Why can’t people step back and realize that spending $3.7 billion more per day than you bring in is crazy and will eventually result in economic collapse?
Getting back to the gold standard
Commentary: Jim Grant says gold, not paper currency, is the future
By Brett Arends, MarketWatch
NEW YORK (MarketWatch) — Jim Grant’s rise to power may be delayed.
The legendary Wall Street writer, publisher of Grant’s Interest Rate Observer, has been mentioned by two of the rivals for the Republican presidential nomination. Newt Gingrich said if elected president, he’d name Grant to help run a commission looking at a possible return to the gold standard. And Ron Paul said, if elected president, he’d go all-in and name Grant — one of Wall Street’s best-known gold bugs — as the new chairman of the Federal Reserve.
As Paul wants to abolish the Fed, it would doubtless be a temporary post. But Grant says he found the offer — which came out of the blue — very flattering.