Sen. Marco Rubio Calls for "Predictable Monetary Policy"Submitted by stu2002 on Wed, 12/05/2012 - 08:10
Sound monetary policy would also encourage middle class job creation. The arbitrary way in which interest rates and our currency are treated is yet another cause of unpredictability injected into our economy. The Federal Reserve Board should publish and follow a clear monetary rule to provide greater stability about prices and what the value of a dollar will be over time.
Getting control of the debt, reforming taxes and regulations, growing our energy industry, and predictable monetary policy are five concrete things the government can do to help our economy create new middle class jobs. But if the higher wages people make at these jobs is offset by an increase in the cost of living, we are just running in place.