Even With So Many Candidates, Jim Grant Is Unimpressed

With presidential elections already in full swing, most people will first choose a party to support (or more likely have long ago chosen a party) and then decide which of the primary candidates they like – a much quicker process for Democrats than Republicans this time around. Jim Grant, editor of Grant’s Interest Rate Observer, has done a quick rundown of current and former governors in the race that ignores party politics as much as it ignores candidates without that resume item. Unfortunately for Jim Grant, he can’t find anyone he’d like to back.

“Most of the contenders hail from states in which, from a fiscal and entrepreneurial point of view, you wouldn’t care to live. The essence of the...