Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
Here are two brief questions to those who wish to cut the federal debt:
-When do recessions begin?
-What cures them?
Recessions begin with reduced debt growth and are cured by increased debt growth.
The following is a brief message to those who claim federal deficit spending is in danger of causing inflation or hyperinflation.
In more than 60 years, there has been no relationship between deficit spending and inflation, which today is at a low level.
The following is a brief message to those who claim removing debt from the economy will stimulate economic growth:
Debt growth and GDP growth parallel.
The following is a brief message to those who feel inflation is a greater, more imminent problem than recession:
Inflation is low; GDP growth is low.
So tell me, what is the greatest threat to our economy?
Rodger Malcolm Mitchell
No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.