–Hurricane Question of the Day

Mitchell’s laws: To survive, a monetarily non-sovereign government must have a positive balance of payments. Economic austerity causes civil disorder. Reduced money growth cannot increase economic growth. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.

Hurricane question of the day:

Will Tea/Republican Congresspersons refuse

federal disaster money?

Rodger Malcolm Mitchell

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


One thought on “–Hurricane Question of the Day

  1. Washington Post: 8/29/2011: by Ed O’Keefe:

    Last week, after a Virginia earthquake that rattled much of the East Coast, House Majority Leader Eric Cantor (R-Va.) said that any new money for FEMA disaster assistance would need to be offset by spending cuts.

    The nuttiness knows no bounds.

    Rodger Malcolm Mitchell


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