Jon Huntsman’s ideas on restructuring the economy and to fix the banks is really interesting.
He would cap the size of banks, and also put in place a hard limit to the amount of leverage they can use. There are other key ideas that also really would restructure the economy by setting up the framework, rather than the Obama/Bush plan of tinkering with individual companies.
He explains that where companies are not allowed to fail, we do not have capitalism. Bingo!
While I think his chances for winning are low, I really like many of his ideas. If Romney or someone else wins, I would like to see him as Secretary of Treasury, so as to put some of these ideas into place. They can’t help but bring about a stronger economy, as small business and big corporations all understand what the rules are, the risks they must now accept for themselves, and that government will get out of their way.