–How can the tiny .1% rule the 99.9%? Monday, Mar 2 2015 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.
●Austerity is the government’s method for widening
the gap between rich and poor.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Everything in economics devolves to motive,
and the motive is the Gap.
==================================================================================================================================================================

How is it possible for a tiny segment of the population — the upper .1% income/wealth/power group — to rule the 99.9%?

Answer: The .1% tell the 99.9% to believe it is only right, proper and natural for the .1% to rule them. And the 99.9% believe it.

Belief is the most powerful force the world ever has known.

More powerful than all the armies and all the weapons and all the facts, assembled.

Belief is the basis for religion, for politics, for society. Belief is Truth, never ignored, while truth is invention, often disputed.

Belief accepts that kings should live kingly, while commoners must live common. This you have been told and this you believe.

When the very rich receive preferences at restaurants, at hotels, at theaters, preferences in universities and in hospitals, preferences in airplanes and ships, preferences by courts and by governments, preferences in every aspect of life — when the rich are cheered and idolized and awarded unearned honors — you do not object, for you believe this is as it should be.

But if you receive such preferences, you may feel unease. For you to go past everyone to the head of a line, may seem wrong, somehow. And if the poor are so honored, you may feel anger and resentment. It is the natural order of things that the “not-rich” should not be honored.

This you believe.

And so, if our national government, having infinite wealth and and unlimited resources, collects taxes from you, who has only limited wealth and resources, you accept this absurdity. You accept that the rich — even the rich government — should take from the not-rich.

But, if our national government passes to the poor, some of those infinite resources, you protest. For the poor are not deserving, while the rich are.

Today, you pay unnecessary FICA taxes, which falsely are labeled for Social Security, then when you receive Social Security benefits, which repeatedly are reduced, you pay unnecessary taxes again. You accept this quietly, like the lamb entering the abattoir.

You believe it is right. It is what you have been told. Facts are unnecessary hindrances to faith.

Lacking any evidence, still millions believe there was a man who was his own father, who invented the whole universe 5,000 years ago, and if you do not eat shrimp, you will go into a place called “heaven,” populated with virgins and angels.

Lacking any evidence, still millions believe an all-mighty, perfectly moral entity, considers torture and murder to be a just punishment for those whose worship is different from yours.

Lacking any evidence, still millions believe vaccination is more dangerous for your children, than the diseases it prevents.

Lacking any evidence, still millions believe our federal government is running short of the dollars it originally created and still creates daily, and will be unable to pay its debts.

Lacking any evidence, you believe what the rulers who torment you, tell you, for you accept that they deserve your respect more than you do.

The rich pay the politicians, via campaign contributions and promises of lucrative employment, later. So, the politicians lie for the rich.

The rich pay the media via ownership, so the media lie for the rich.

The rich pay the economists via massive contributions to universities and “think tanks,” so the economists lie for the rich.

And the lie they all tell is this: The federal government should benefit the rich more, and benefit the non-rich less. The government should widen the Gap.

And you believe it.

Men have been known to choose poverty and death rather than to change their beliefs. We are the prisoners of our beliefs. Facts will not sway us. Angrily, we reject them.

Their lies teach you lies; they will not allow you to rise.
And though you aspire, the scales do not fall from your eyes.

And that is how the little .1% are able to rule you.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
The Ten Steps to Prosperity:

1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Federally funded, free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually. (Refer to this.)
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)
10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

Initiating The Ten Steps sequentially will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

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.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

THE RECESSION CLOCK
Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

–Conservatives say: “Cut federal spending” is top priority Saturday, Feb 28 2015 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.
●Austerity is the government’s method for widening
the gap between rich and poor.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Everything in economics devolves to motive,
and the motive is the Gap.
==================================================================================================================================================================

What is your top priority? Getting a better job? Paying off your mortgage and other debts? Sending your kids to college? Better health? Saving for retirement? Being safe from crime?

None of those are top priority for conservatives according to a quick bit of research done by the Washington Times:

Cutting federal spending should be Congress’s top priority: TWT/CPAC poll

Conservatives say reducing federal spending should be the Republican-led Congress’s top priority this session, beating out confrontations with President Obama over his immigration executive actions, Obamacare, and the Keystone XL pipeline, according to The Washington Times/CPAC flash poll at the annual Conservative Political Action Conference.

Thirty-eight percent of the 141 respondents picked reducing federal spending at the top priority, followed by rolling back Mr. Obama’s amnesty plan at 26 percent.

So in addition to cutting federal spending, the other top priority is to get rid of immigrants — the two most worthy goals for the 2015 Congress, in the eyes of conservatives.

Democrats had wanted a bill fully funding the department for the rest of the fiscal year, without language blocking Mr. Obama’s recent actions granting as many as 4 million illegal immigrants legal status and work permits, while conservatives did not like that the immigration language had been stripped.

Twenty-three percent in the poll said Congress’s top priority should be reversing Obamacare, and 13 percent said it should be overriding Mr. Obama’s veto of the Keystone XL oil pipeline.

Did you notice anything about you having a better job, paying off your debts, sending your kids to college, better health, saving for retirement or being safe from crime?

No, all you saw was rich-man’s goals: Getting rid of immigrants, eliminating medical insurance for the poor and giving the Koch brothers their pipeline.

And then, there’s the big one: Cutting spending. Where shall we cut?

monetary sovereignty

Look at the above graph, and before reading further, you decide what should be cut — and why.

Now, here is what the Koch-supported, right wing Heritage Foundation says:

–65 percent of the cuts proposed are from a single item – capping spending on means-tested programs at 110 percent of pre-recession levels and growing that amount with inflation.

Heritage estimates that this could save $2.7 trillion over the next decade.

Heritage does not provide any details about which programs to cut, leaving it up to “policymakers to direct welfare spending to the areas of greatest priority.”

“Means-tested programs” is the Heritage way of referring to any programs that benefit the lower- and middle-income groups. Conservatives resent dollars given to the poor and middle. (Ironic, since most conservative voters are among the 99% poor and middle income.)

As for dollars to the rich (i.e. Keystone pipe, low tax rates on capital gains, etc.), those are fine and should not be limited — according to the conservatives.

–Limiting Highway Trust Fund spending to existing revenue would result in about $180 billion in savings. Since transportation spending would be reduced, “states or private sector [could] take over the other activities if they value them.

If they value” roads?

And of course the monetarily non-sovereign states are so flush with dollars, it’s a great (read, “stupid”) idea to relieve our Monetarily Sovereign federal government from this obligation at lay it on the struggling states.

By the way: As a state and local taxpayer, you do pay for state and local government spending, but as a federal taxpayer, you do not pay for federal government spending.

The federal government creates its sovereign dollars ad hoc, by spending. The state an local governments cannot create dollars.

So every dollar of expense shifted from the federal government to state and local governments, is an extra dollar of taxes you must pay.

–Repealing the Davis-Bacon Act would reduce spending by $86 billion over the next ten years, by Heritage’s estimate. The Act requires federally funded construction projects to pay “prevailing wages” based on the project’s location.

In other words, Heritage wants the federal government to pay you less than private industry does. Why? No one knows. It’s just a way to cut the federal budget and widen the Gap between the rich and the rest.

Ending Supplementary Security Income (SSI) benefits for children would save $125 billion. Heritage would instead direct SSI toward disabled adults and seniors.

Hmmm . . . let’s see. Seniors vote, but kids don’t. So let’s cut benefits to kids and give those benefits to seniors. What a concept!

-Other proposals would end Head Start, higher education programs, and job training programs, resulting in $170 billion in education and training services cuts.

Yes, that’s another “great” idea: Cut spending for education and training. After all, rich people don’t use those programs. And anyway, America is so special, we don’t need education and training.

Let’s cut to the bottom line:

1. Our Monetarily Sovereign federal government has the unlimited ability to pay debts denominated in its own sovereign currency. Even if all federal taxes fell to $0, the federal government could continue spending forever.

Federal taxes do not pay for federal spending.

Our monetarily non-sovereign state and local governments do not have the unlimited ability to pay their debts. They must use tax or export dollars.

So every dollar of federal expenses transferred to the state and local governments, results in net tax increases for you.

2. The vast majority of federal spending benefits the 99% more than the 1%. So naturally, the 1% wants to cut federal spending. That’s how they increase the Gap between the rich and the rest.

From the standpoint of the average American, there is not a single good reason to cut federal spending, and lot of bad ones.

Is it any wonder that Republicans want to cut federal spending and add to your tax bill?

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
The Ten Steps to Prosperity:

1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Federally funded, free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually. (Refer to this.)
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)
10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

Initiating The Ten Steps sequentially will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

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.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

THE RECESSION CLOCK
Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

–Guess: Who on the Supreme Court are the “arses” who decide against consumers? Friday, Feb 27 2015 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.
●Austerity is the government’s method for widening
the gap between rich and poor.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Everything in economics devolves to motive,
and the motive is the Gap.
==================================================================================================================================================================

Imagine a case coming before the Supreme Court, in which the decision either could go for business or for consumers.

If I told you the decision was 6-3 in favor of consumers, guess which three Supreme Court justices voted against consumers.

You get just one try at this. That should be enough.

Justices: Dentists can’t decide who whitens your teeth
Richard Wolf, USA TODAY 3:22 p.m. EST February 25, 2015

WASHINGTON — Dentists can make your teeth sparkling white, but they can’t decide who else can, the Supreme Court said Wednesday.

The justices ruled 6-3 that a North Carolina state board dominated by dentists acted illegally by excluding non-dentists from the business of teeth whitening — a business that had been offered at reduced rates in shopping malls, spas and stores.

To be sure, dentists generally aren’t among the upper .1% we often castigate for wanting to widen the Gap between the rich and the rest. But this is a case of one business wanting to offer a service to the public, more cheaply than another business does.

Justice Anthony Kennedy, writing for the majority, said state boards composed mostly of active market participants run the risk of self-dealing.

“This conclusion does not question the good faith of state officers but rather is an assessment of the structural risk of market participants’ confusing their own interests with the state’s policy goals,” he said.

In short, if a business wants to whiten teeth at a lower price, which would take business away from dentists, you can’t have a government board, composed of dentists, preventing the public from saving money.

Here is the answer to the title question:

Justice Samuel Alito, joined by fellow conservatives Antonin Scalia and Clarence Thomas, dissented. They held that the dental board was properly administering state licensing requirements.

Get it? “Properly administering state licensing requirements.” One can almost hear the “harrumph, harrumph” from these law-and-order types. So long as the dentists followed regulations, who cares whether their own self interest trumped the public’s interest?

A federal appeals court agreed that the board had acted as a group of private practitioners, not as a state agency.

During oral arguments in October, that appeared to be a problem the majority of justices would not brush aside: Why should dentists who profit from teeth whitening get to push non-dentists who offer less expensive services out of business?

“Is this party, this board of all dentists, is there a danger that it’s acting to further its own interests rather than the governmental interests of the state?” Justice Elena Kagan asked. “And that seems almost self-­evidently to be true.”

Well, ye-s-s-s-s. Do we really expect a businessman to vote impartially about whether to lose his customers to another business? According to Alito, Scalia and Thomas (Oh, my!), there’s no problem, so long as “state licensing requirements” are followed.

No, Mr. Bumble, the law is not an “arse.” Rather, judges who lack sense interpret the law senselessly — they are the arses.

That is why the same arses gave us the “Citizens United v. Federal Election Commission,” the “McCutcheon v. Federal Election Commission” and the “Burwell v. Hobby Lobby” decisions. It’s their pattern.

Arses, all.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
The Ten Steps to Prosperity:

1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Federally funded, free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually. (Refer to this.)
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)
10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

Initiating The Ten Steps sequentially will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

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.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

THE RECESSION CLOCK
Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

–Donald Trump for President Thursday, Feb 26 2015 

Twitter: @rodgermitchell; Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell

Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.
●Austerity is the government’s method for widening
the gap between rich and poor.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Everything in economics devolves to motive,
and the motive is the Gap.
==================================================================================================================================================================

Here is the complete text of a very short article in today’s Florida SunSentinel:

Trump says he’s serious about run for president

This time, Donald Trump says, he really means it.

The billionaire real estate mogul said in and interview Wednesday that he is “more serious” than ever about pursuing a run for the White House in 2016.

In recent days, Trump said, he has hired staffers in key primary states, retained an election attorney and delayed signing on for another season as host of NBC’s “Celebrity Apprentice” because of his political projects.

Hey, why not?

Why not a guy, who among his notable accomplishments was to file for corporate bankruptcy, not just once, but four times! — in 1991, 1992, 2004 and 2009 — and to be a leader of the ridiculous “birther” movement (that claimed Obama is not a born U.S. citizen)?

Why not a guy whose image is braggadocio on steroids? Why not a guy who is an adulterer? Why not a guy whom a judge ruled was personally liable for running an unlicensed business school?

Given these qualifications, I’d still vote for Trump if the only alternatives were Ben Carson, Jeb Bush, Chris Christie, Lindsey Graham, Rick Perry, Scott Walker, Ted Cruz, Bobby Jindal, Peter King and Sarah Palin.

At least in Trump, there is no doubt about where he stands: He loves the uber wealthy (especially himself), and despises those having less than he claims he has.

The rest of the bunch also love the wealthy, but pretend to care — really, really care — about you (while urging increases in your FICA tax and decreases in your Social Security benefits, Medicare and Medicaid coverages and cuts in poverty aids).

And oh, by the way. Trump won’t run.

When you run for President, you have great difficulty suing people for defamation, one of Trump’s tactics. And you have to disclose your finances, dirty laundry and all. And you have to answer questions about your taxes and tax shelters (Hello, Mitt Romney). And you have to stop renting your name to collect a salary.

No, the Donald will make a great deal of noise, mouth silly claims, insult people, file lawsuits, and in the end, generate publicity for his embarrassingly awful TV show, featuring such classy notables as Dennis Rodman, Geraldo Rivera and a “Real Housewives of Atlanta” person — a show that (to paraphrase H.L. Menkin) has succeeded by not underestimating the intelligence of the American public.

Run, Donald run. You’ll make a perfect Republican candidate and an even better President. What could be more comforting than to have you sitting in the Oval Office with your finger on the red button?

Send in the clowns.

Rodger Malcolm Mitchell
Monetary Sovereignty

===================================================================================
The Ten Steps to Prosperity:

1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Federally funded, free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually. (Refer to this.)
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)
10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

Initiating The Ten Steps sequentially will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
——————————————————————————————————————————————

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

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.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

THE RECESSION CLOCK
Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.

#MONETARYSOVEREIGNTY

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