Rubio Should Revive Sound Money Theme

Sen. Marco Rubio (R-FL) (photo credit: Gage Skidmore, CC BY-SA 2.0)

Marco Rubio has been putting forward a lot of new and innovative policy proposals lately and people are beginning to take notice.  CNN reporter MJ Lee recently praised Rubio’s strategy, which has been to position himself as an “ideas” candidate by tackling tricky policy dilemmas leading up to the election.  She points specifically to the pro-growth tax reform that Rubio proposed with Senator Mike Lee, which would lower the top corporate tax rate to 25 percent and provide larger tax credits to some families with children.  Similarly, an article last month in the National Review implied that Rubio has joined the “reform conservative” movement by suggesting policy reforms that are focused primarily on the middle class.  These proposals, all outlined in his book “American Dreams,” have propelled the presidential hopeful back into the spotlight in the early stages of the 2016 race.

As a Floridian myself, I have watched closely as Rubio has carefully crafted a policy agenda for a possible presidential run.  His initiatives are incredibly diverse, ranging from an overhaul of the tax code to reforms for Social Security, health insurance, welfare, education, and immigration.  These proposals have given Rubio a political advantage, too.  Larry J Sabato, who has a track record of accurately predicting federal election outcomes, recently promoted the Senator to a first-tier candidate along with Jeb Bush and Scott Walker.  It seems as if Rubio is shaping up to be a real presidential contender.

However, while he may be gaining political steam, “American Dreams” neglects to touch on one integral aspect of domestic policy in dire need of reform, one that carries a huge weight for our economy and for the financial stability of the American people: monetary policy and the future of the Fed. Continue Reading