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So did RP forget about abolishing income taxes? I dont see that on the list.
Other things I noticed.... Fully televised FMOC meetings? (I thought he wanted to get rid of the Fed's control of monetary policy?)
That would severely weaken the effectiveness of their policy moves. In order to effect the markets, rate cuts ideally should be unsystematic and surprise the markets. Obviouslly thats not really possible to achieve completely and would no be beneficial. Neither would the other extreme.
Competing currencies is just another wild idea that noone wants to explain how it would work in detail.
While there is some merit in the criticisms of Sox and its effects on making US Capital Markets less competitive...I cant imagine the public would consent to having it repealed. Explain it to them all you want about why its not good and some liberal will start screaming Enron and it will be over. Sox is here to stay, for better or worse. Personally, I love Sox....there are winners and losers with everything. Some parts of the economy might be hurt, but Sox has made other parts of the industry MUCH more profit and provided jobs.
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I may be wrong, but I doubt it.
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