This is the start of a fun new series at Wall St. Cheat Sheet. Over the next few months we have some of the most popular minds in finance answering the open-ended intro: "If I were Federal Reserve Chairman I would..."
We are kicking things off with legendary investor Jim Rogers ...
Jim Rogers: If I were Federal Reserve Chairman I would abolish the Federal Reserve and then resign. Seriously. It would be best for the world.
The market would then decide the monetary policy rather than bureaucrats. Bureaucrats have been printing huge amounts of money and incurring gigantic amounts of debt in the process. Neither would or could happen after I abolish the central bank and resign.