Candidate Donald Trump promised to support the longtime effort of former Congressman Ron Paul to audit the Federal Reserve System, but since his election he has done nothing to promote congressional action to implement that policy. And his list of possible appointments to chair the Federal Reserve leave advocates of a sound money policy such as Paul rather underwhelmed. While the Federal Reserve itself is technically a private institution owned by its member banks, the chairman is appointed by the president.

In fact, in his latest weekly column for the Ron Paul Institute for Peace and Prosperity, Paul lamented, “This week President Trump revealed his final five candidates for Federal Reserve chair. Disappointingly, but not…