Lew, Mrs. Paul’s quote is priceless, but here’s another equally priceless one, though in a very different sense: “…many of those who follow the Fed closely say his ideas are ‘very strange indeed,’ in the words of Lyle E. Gramley, a former governor of the Fed who is now a senior economic adviser at the Potomac Research Group.” Gee, no bias nor ulterior motive there, huh? “‘I don’t think he understands what central banking is all about,’ Mr. Gramley said.”

Oooooohh, Lyle, I think both you and he understand precisely what central banking is all about.

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