–Great news about killing people Monday, Apr 21 2014 

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

Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which ultimately leads to civil disorder.
●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.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive,
and the motive is the gap.
======================================================================================================================================================================================

You know how those worthless gang bangers shoot at each other, and half the time they miss and wind up killing some innocent kid, who might have grown up to discover the cure for cancer or the solution to poverty, or in many other ways lead a worthwhile, productive life of benefit to humankind?

You know how all that human potential disappears because of the easy availability of guns?

Well, finally we have a solution to that problem:

Introducing the Semi-Automatic Smart Rifle.

TrackingPoint smart rifles, developed by military experts and a team of over forty engineers, have virtually eliminated shooter error and adverse conditions from the firing equation. Our Tag-Track-Xact system can more than double the proficiency of a skilled shooter and let them take shots they’d never before even attempt, while capturing it all on video.

TrackingPoint smart rifles increase effective range, maximize accuracy, and almost entirely eliminate the possibility of errant shots. We’ve combined our technological innovations with the best hardware in the American gun industry has to offer, fusing our integrated trigger and groundbreaking scope system with 7.62, 300 BLK & 5.56 Semi Auto Platforms along with .338 Lapua and .300 Win Mag bolt action rifles to create a firing system unparalleled in the world today.

TrackingPoint is excited to report that the US Military has begun evaluation of smart rifle systems!

Supply of our AR Series line for 2014 is extremely limited, and the link above will give potential buyers an opportunity to try TrackingPoint at a local range, see the full line of capabilities provided by our technology, and even get your hands on your own PGF while the chance is still available.

For videos, photo galleries and in-depth technology info CLICK HERE to learn how the smart rifle works, and get your chance to get behind one soon!

What happens when you put a smart rifle in the hands of stupid people?

The killing just keeps getting better and better.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine 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. 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
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

—–

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.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

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 lines rise. Federal deficit growth is absolutely, positively necessary for economic growth. Period.

#MONETARY SOVEREIGNTY

–Life in a Jobs Guarantee (JG) World Monday, Apr 21 2014 

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

Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which ultimately leads to civil disorder.
●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.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive,
and the motive is the gap.
======================================================================================================================================================================================

We previously have written about Modern Monetary Theory’s JG (Jobs Guarantee)

Why Modern Monetary Theory’s Employer of Last Resort is a bad idea. Sunday, Jan 1 2012

MMT’s Job Guarantee (JG) — “Another crazy, rightwing, Austrian nutjob?” Thursday, Jan 12 2012

Why Modern Monetary Theory’s Jobs Guarantee is like the EU’s euro: A beloved solution to the wrong problem. Tuesday, May 29 2012

“You can’t fire me. I’m on JG” Saturday, Jun 2 2012

The JG (Jobs Guarantee) vs the GI (Guaranteed Income) vs the EB Saturday, Saturday, Jan 25 2014

You can refer to those articles, to see the many, many objections we have to the JG concept. For your amusement, we also provide this playlet: “Life in a Jobs Guarantee (JG) World: A Dialog Between a Small-town Mayor and His Comptroller”:

Comptroller: Mr. Mayor, I have a great idea for saving money.
Mayor: Let’s hear it.

C: We fire everyone.

M: Everyone?

C: Yup, even you and me. Then we hire everyone back as JG — you know the program that says, “Everyone who wants a job, gets a job.”

M: But doesn’t JG pay minimum wage? I can’t live on minimum wage. No one can. Minimum wage people have 2nd and 3rd jobs.

C: We just give you and everyone else, bonuses on top of your minimum wage, to bring you back up to your regular salary.

M: What if JG won’t allow people to earn more than minimum wage?

C: That would be quite a problem, wouldn’t it? The federal government staffing up to make sure millions of people, all over the country, don’t make more than minimum wage? No raises. No bonuses. No promotions of any kind. Millions of minimum wage slaves, courtesy of the federal government?

M: Well, that’s the federal government. Is there a work-around?

C: Sure. We hire everyone’s wife and kids and cousins, aunts, uncles, friends, girlfriends — everyone in town — to be on JG. Get enough non-working people on JG, and the town will do just fine. And they don’t really have to do any actual work. Just sign up.

M: Great idea. We’ll save bundles of money.

C: But it gets better. You know how we’ve been trying to get Walmart to open here? Well, they already pay minimum wage, but we’ll put all their people on our JG, so Walmart doesn’t have to pay any salaries at all. That would be a huge saving and attraction for Walmart — an entire army of free employees, all paid by our minimum wage, JG. In fact, we could pay every Macdonalds, Burger King, and pizza parlor employee on our JG — the entire town could work on our JG.

M: But what if the government limits how long someone could be on JG?

C: You mean limited like unemployment compensation is limited? Isn’t the whole idea of JG, anyone who wants a job gets a job?

M: What about FICA?

C: Naturally, JG would have to cover FICA, too.

M: How do we get these people to do anything. I mean, if we fire someone . . .

C: Yah, he could get another JG job. That is a bit of a problem, I guess.

M: Any age limitation? Could an 80-year-old get JG?

C: Sure, anyone who . . .

M: Yah, I know. Anyone who wants a job, gets a job. What’s the economic benefit of starving the elderly, especially since lots of older people currently are among the able-bodied employed? But what if the government demands that people receive a “living wage” for JG, not just a minimum wage?

C: Better yet. Of course, what’s a “living wage”? Is it different in Manhattan than here in Nowheresville? There would have to be all sorts of formulas to account for different costs of living.

M: But wouldn’t the supervision of all this require a bureaucratic federal army — sort of like the IRS, only bigger?

C: Sure, that’s the beauty of it. The federal government would put a few hundred thousand more people on the payroll — more people working at minimum wage.

M: Is the bottom line, millions of people would “work” at meaningless, phony, minimum wage jobs, whether they actually show up or not, and the rest of the country would be paid for actual work?

C: Right.

M: If minimum wage or living wage were, say, $10 an hour plus FICA, for doing nothing, how much would a business have to pay someone to do actual work?

C: Good question. I mean, you’re not going to work 40 hours, just to make an extra $2 an hour, are you?. Probably regular paying jobs will have to add the same amount. If JG was was $10, a regular job probably would have to be about $20 plus FICA.

M: So businesses would be forced to pay a lot more, including FICA, in order to get non-JG employees. But why would they go to all that extra expense if JG employees are that much cheaper, and there are all those work-arounds?

C: Isn’t JG great! Just imagine. Millions upon millions of people in meaningless, no-raise, no-advancement, no-show-up jobs. An army of low level people, being ruled by a few wealthy overseers. It’s a 1%er’s Utopia.

M: Where did this business model come from? Businessmen?

C: No. Economists.

Perhaps, we should take one more look at the Nine Steps to Prosperity.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine 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. 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
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

—–

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.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

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 lines rise. Federal deficit growth is absolutely, positively necessary for economic growth. Period.

#MONETARY SOVEREIGNTY

–The “small government” illusion Saturday, Apr 19 2014 

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

Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which ultimately leads to civil disorder.
●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.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive,
and the motive is the gap.
======================================================================================================================================================================================

“The best government governs least” has been something of a popular mantra for many years. President Reagan implied it with his famous ” . . . government is not the solution to our problem; government is the problem.”

The entire right wing of the political spectrum, leans heavily in the “small government” direction, as expressed by the The Tea Party’s “15 Non-negotiable Core Beliefs.” Here are the relevant few:

6. Government must be downsized.
7. The national budget must be balanced.
8. Deficit spending must end.
9. Bailout and stimulus plans are illegal.

There is a web site called The Daily Bell, which supports what they claim is the Austrian School of economics, about which they say:

One of the tenets of the (Austrian economics) discipline involves human action, the idea that PEOPLE act. Governments can act via force, but such force is inevitably a price fix, distorting the economy and causing behavioral changes in people that are unanticipated and even counterproductive. The best government governs least.

When I said to them that the idea of “governs least” inevitably leads to anarchism, their response was, that they really are talking about “philosophical anarchism:”

“Philosophical anarchism is an anarchist school of thought which holds that the state lacks moral legitimacy while not supporting violence to eliminate it. Though philosophical anarchism does not necessarily imply any action or desire for the elimination of the State, philosophical anarchists do not believe that they have an obligation or duty to obey the State, or conversely, that the State has a right to command. Philosophical anarchism is a component especially of individualist anarchism.”

They believe that governments are immoral, because governments make individuals do things individuals don’t want to do. For philosophical anarchists, morality is not in obeying the law; morality is in breaking the law to do as you wish.

From where does all this anti-government sentiment come? None of us likes to be forced to do what we don’t want to do. The IRS, the NSA, the CIA, the FBI, the police — they all impinge on our freedoms and privacies. Indeed, every law ever passed, impinges on someone’s freedom.

So from that standpoint, yes the best impingement impinges least.

But that sentiment differs markedly from items 6, 7, 8 and 9, above, because a government can be small in two ways:

1. A government can be “small” in the restrictions it places on its citizens
and/or
2. A government can be “small” in the assistance it gives to its citizens.

One can empathize with the notion that government restrictions should be as limited as possible, within the boundaries of human safety and well-being. But government assistance should be limited only by inflation.

While all laws burden someone, some laws are excessively burdensome. Our byzantine federal tax laws are a perfect double whammy. First, the laws are so complex and illogical, as to be punitive, and second, the federal government doesn’t even need or use our tax dollars. So anyone opting for “small government” should focus on eliminating the most burdensome laws (I’d start with eliminating FICA, Step #1 in the Nine Steps to Prosperity).

But what of Social Security? It is a government program. Should it be “downsized” as the Tea Party wishes? Is Social Security a burden on us (especially since taxes don’t pay for it)? Should Medicare be “downsized”?

None of the Nine Steps burdens on our freedom. In fact, they all allow us more freedoms to do as we wish and to succeed. They are “big government,” but only in the sense of big assistance, not big restrictions on us.

Nine 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. 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
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

In short, the Reaganesque, Tea Party, Austrian, austerian, “small government” movement is based on the false visualization of the federal government being SOLELY the big bully, who unnecessarily and unmercifully clamps down on us and forces us to do what we don’t want to do.

But big government also can be the big generous uncle who employs us, and pays for our health care, schooling, food, housing, retirement, defense and human advancements, while asking nothing in return.

The next time you read or hear someone extolling the virtues of small government, remind him that government has two sides — the coercive bully and the benevolent uncle.

While some deficit reduction may impact the big bully government, the vast majority of deficit reduction impacts the benevolent uncle, and widens the gap between the rich and the rest.

For analogies, (perhaps ad nauseum), let us not throw out the baby with the bathwater.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine 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. 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
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

—–

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.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

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 lines rise. Federal deficit growth is absolutely, positively necessary for economic growth. Period.

#MONETARY SOVEREIGNTY

–Moron Guns Thursday, Apr 17 2014 

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

Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which ultimately leads to civil disorder.
●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.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive,
and the motive is the gap.
======================================================================================================================================================================================
Here’s a bit more on guns.

FRI APR 11, 2014 AT 08:58 PM PDT
Justice Stevens: Supreme Court has Misinterpreted the Second Amendment

The Washington Post has published an opinion piece from Justice John Paul Stevens in which he analyzes the history of the second amendment:

For more than 200 years following the adoption of that amendment, federal judges uniformly understood that the right protected by that text was limited in two ways:

First, it applied only to keeping and bearing arms for military purposes, and second, while it limited the power of the federal government, it did not impose any limit whatsoever on the power of states or local governments to regulate the ownership or use of firearms.

Thus, in United States v. Miller, decided in 1939, the court unanimously held that Congress could prohibit the possession of a sawed-off shotgun because that sort of weapon had no reasonable relation to the preservation or efficiency of a “well regulated Militia.”

When I joined the court in 1975, that holding was generally understood as limiting the scope of the Second Amendment to uses of arms that were related to military activities.

During the years when Warren Burger was chief justice, from 1969 to 1986, no judge or justice expressed any doubt about the limited coverage of the amendment, and I cannot recall any judge suggesting that the amendment might place any limit on state authority to do anything.

Stevens treats the NRA very harshly.

Five years after his retirement, during a 1991 appearance on “The MacNeil/Lehrer NewsHour,” Burger himself remarked that the Second Amendment “has been the subject of one of the greatest pieces of fraud, I repeat the word ‘fraud,’ on the American public by special interest groups that I have ever seen in my lifetime.”

Given the deeply held belief, fostered by the NRA, that we all need guns — more guns and more lethal guns — to protect us from minorities and from the federal government, and that killing animals is more important than saving human lives, there is little likelihood that common sense will prevail.

To paraphrase Wayne LaPierre of the NRA, “The only way to stop a bad guy with a gun is with a good guy with a gun,” except we don’t want the government to be able to find out who the good guys and the bad guys are, so no background checks at gun shows and very limited checks for any retail sales.

Also, as right-wingers, we believe passionately in states’ rights (except when it comes to guns), so no local votes for gun control allowed.

And so, thanks to the Supreme Court, in league with the NRA, the moronic killing of poor and middle-class people will continue.

Rodger Malcolm Mitchell
Monetary Sovereignty

====================================================================================================================================================
Nine 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. 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
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)

—–

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.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

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 lines rise. Federal deficit growth is absolutely, positively necessary for economic growth. Period.

#MONETARY SOVEREIGNTY

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