Value Of The Dollar, Mitt Romney | featured news

Will Mitt Romney devalue the dollar?

...it’s worth emphasizing that one of Romney’s top advisers is promoting economic stimulus through a lower dollar. That could be good idea, as cheap dollars are generally helpful in economic slumps, but it’s an interesting position for a Republican candidate to embrace. Paul Ryan has declared, “There is nothing more insidious that a country can do to its citizens than debase its currency,” while Tim Pawlenty has said “When you devalue the dollar, you are devaluing the net value of this country.” This sort of rhetoric could make it difficult for Romney to follow this path if elected.

 

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