Save The Greenback, Mr. President
October 17th, 2009 - 11:31am
Filed under Economy
To stabilize the U.S.'s economy, we should stabilize the dollar, lower tax rates to reduce unemployment, and use the Mundell - Laffer model. The model "exercises monetary restraint to save the dollar-and low marginal tax rates for economic growth incentives that benefit investors, risk takers, small businesses and workers". The treasury should also buy up unwanted dollars in the marketplace and stop printing excess money to cover congress' debt. These solutions have worked for JFK, Clinton, and Reagan in the past. Obama should follow suit (CNBC).
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