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.
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Lest we not forget:
When do we have recessions and what causes recoveries?
Reductions in federal debt growth lead to recessions. Increases in federal debt growth cause recoveries.
Think of this graph the next time someone tells you the federal debt should be reduced.
Oh, and by the way:
1817-1821: U. S. Federal Debt reduced 29%. Depression began 1819.
1823-1836: U. S. Federal Debt reduced 99%. Depression began 1837.
1852-1857: U. S. Federal Debt reduced 59%. Depression began 1857.
1867-1873: U. S. Federal Debt reduced 27%. Depression began 1873.
1880-1893: U. S. Federal Debt reduced 57%. Depression began 1893.
1920-1930: U. S. Federal Debt reduced 36%. Depression began 1929.
Show this to your Congressperson and your favorite columnist.
Rodger Malcolm Mitchell
http://www.rodgermitchell.com
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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
#Monetary Sovereignty - Mitchell 
Roger:
Your book—-The Ultimate America
is still in print–cannot seem to find a copy no place
could you please send me the “ISBN”–maybe I can track it
down and will be able to purchase the book
I have your “Free Money Book
Thanks
LW
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It’s out of print.
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Why don’t you agree with the publisher to put it in Open Access? 🙂 After all, out of print, nobody buys, nobody reads… If it is in Open Access someone can read. Information is like money, (better, money is a special kind of information.)
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PG,
Free Money is an improved version of The Ultimate America.
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RMM,
A basic principle of memetics says that to spread an idea or a set of ideas – ie, a meme – any barriers to meme exposition, or any costs of being exposed to the meme, like paying for a book or whatever, registering, clicking, etc, must be minimized. “One click downloads!” is the goal.
I’m sorry to recognize that Austrians actually understand this principle much better than MMTers (exception: WM). Just take a look at mises.org
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