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. Austerity breeds austerity and leads to civil disorder. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
==========================================================================================================================================

Yes, you’re just one person, and you don’t have much influence in a nation of 300+ million people. But you still want your voice heard. So, O.K., you vote. But, look at the lousy roster of candidates! And what does one vote mean?

What to do? What to do?

Here’s a suggestion. Cut and paste the following note and send it to your Congressperson, your local newspaper and the President. If each person reading this blog will do that, Congress and the newspapers will receive thousands of letters, and you will have a meaningful voice.

And if any of your letters are printed, others will read them, and you’ll have an even bigger voice. And if you subscribe to any other blogs, and include this letter, you’ll have an even bigger voice, yet.

(Remember, when you write to newspapers, you should include your name and contact information)

…………………………………………………………………………..

The definition of Gross Domestic Product: GDP = Federal Spending + Private Investment + Private Consumption + Net exports

So, here is a simple question you should be able to answer: Specifically, how do federal tax increases and/or spending cuts (aka debt reduction) reduce unemployment or grow the economy?

If you can’t answer, then there clearly is something wrong with the whole super committee concept.

Those who do not understand Monetary Sovereignty (http://rodgermmitchell.wordpress.com/2010/08/13/monetarily-sovereign-the-key-to-understanding-economics/) do not understand economics.

…………………………………………………………………………..

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


==========================================================================================================================================
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