[Petronski]

If Ron Paul were in charge his first act would be to stabilize the currency by raising interest rates.

Only if he were King. He's not running for King, and we have no office called King.

How praytell does a president raise interest rates?

[capitalist229]

The President appoints the chairman of the Fed so indirectly the President sets the policy.

Also the Fed has become increasingly politicized to the point that a Bernanky will drop rates when the heat is on.

A Volcker would not bow to politics.

BUMP