The debt hawks are to economics as the creationists are to biology. Those, who do not understand Monetary Sovereignty, do not understand economics. Cutting the federal deficit is the most ignorant and damaging step the federal government could take. It ranks ahead of the Hawley-Smoot Tariff.
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In this never-ending effort to save my fellow humans, I’ll take a momentary respite from explaining the implications of Monetary Sovereignty, to offer you this important information.
Background: NewScientist Magazine, a terrific little science summary publication from England (a clone of a domestic magazine called Science News) ran an article listing a few clever inventions. I wrote the following letter, which was published in the January 8th edition:
Your Feedback article proposing a shoe defrillator was truly a shocker (20 November 2010). It said: “In case of need, you take the shoes off, pop your hands inside , and apply the soles to your chest to administer the required electric shock.” Yikes!
The purpose of a defibrillator is to start a stopped heart. If you are awake, your heart is beating. Never, never use a defibrillator on a conscious person. It can stop a beating heart. In short, you could kill yourself.
Rodger Malcolm Mitchell
While this blog is designed to save your and the nation’s economic life, the above advice might save your or your loved one’s physical life.
Rodger Malcolm Mitchell
http://www.rodgermitchell.com
No nation can tax itself into prosperity, nor grow without money growth.
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