Mitchell’s laws: Reduced money growth never stimulates economic growth. To survive long term, a monetarily non-sovereign government must have a positive balance of payments. Economic austerity causes civil disorder. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
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Here is today’s single, most important economic question. Whoever answers it can save our economy. Send it to economists, newspaper and magazine editors, columnists, radio and TV personalities, politicians, bloggers and members of the public.

Please add the answers to the “Reply” section of this post.

The Question
How does
a tax increase
or
spending decrease
reduce unemployment
or
grow the economy
?

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Rodger Malcolm Mitchell
http://www.rodgermitchell.com


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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. The key equation in economics: Federal Deficits – Net Imports = Net Private Savings

MONETARY SOVEREIGNTY