Jon Huntsman President 2012

FINANCIAL
REGULATORY REFORM

The main risk to the dollar is that the Federal Reserve will feel empowered to create more money in order to provide bailouts to troubled large firms and deal with the unemployment levels caused by major financial crises. 

STABLE DOLLAR POLICY

Jon Huntsman supports a strong and stable dollar. As president, he will appoint Federal Reserve Board Governors and a Chairman who believe in sound money. The United States cannot devalue our way to prosperity and efforts to do so risk a “beggar thy neighbor” round of devaluations, which will ultimately harm American exporters and risk the dollar’s privileged position as the primary global reserve currency.

The main risk to the dollar is that the Federal Reserve will feel empowered to create more money in order to provide bailouts to troubled large firms and deal with the unemployment levels caused by major financial crises. Eliminating “too big to fail” has consequences in terms of making the macroeconomy more stable because it removes a major incentive for the Federal Reserve to run a loose monetary policy.

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