- He wants to tax too-big-to-fail banks. My preferred policy would be to enact a credible ban on congressional or Federal Reserve concessionary loans or grants to financial institutions, repeal deposit insurance, repeal most financial regulations, permit solvent banks to suspend payments to depositors, and let a new, free-wheeling marketplace sort things out. But since that’s not going to happen in my lifetime, this proposal is better than nothing.
- He has refused to sign former NH governor Meldrim Thomson’s son Tom Thomson’s “Pledge to the American People” (Union Leader source now unavailable online). Among some good things, the Pledge also requires the candidate to commit to “total energy independence within eight years,” a fabulously unachievable goal. Unfortunately, Ron Paul signed it. Gary Johnson also refused. Perry, Romney, Santorum, and Bachmann have also signed it.
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