Mitchell’s laws: The more budgets are cut and taxes increased, the weaker an economy becomes. To survive long term, a monetarily non-sovereign government must have a positive balance of payments. Austerity = poverty and leads to civil disorder. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.

In the coming Presidential election, you will have a choice of three candidates, Barack Obama, Flip Romney or Flop Romney. Here are some positions held by Flip Romney and the opposing positions held by Flop Romney. Thanks to Senator John McCain for digging most of these up:

FLIP: “I think the minimum wage ought to keep pace with inflation.”
FLOP: “There”s no question raising the minimum wage excessively causes a loss of jobs.”

FLIP: “I will work and fight for stem cell research.”
FLOP: “In the end, I became persuaded that the stem-cell debate was grounded in a false premise.”

FLIP: “I respect and will protect a woman”s right to choose.”
FLOP: “I never really called myself pro-choice.”

FLIP: “I like mandates. The mandates work.”
FLOP: “I think it”s unconstitutional on the 10th Amendment front.”

FLIP: “I’m not trying to return to Reagan-Bush.”
FLOP: “Ronald Reagan is… my hero.”

FLIP: “Illegal immigrants should have a chance to obtain citizenship.”
FLOP: “Secure the border, employment verification and no special pathway to citizenship.”
FLIP: ““Mitt Romney believes that young illegal immigrants who were brought to the United States as children should have the chance to become permanent residents, and eventually citizens, by serving honorably in the United States military,” a Romney campaign release states.

FLIP: Romney refused to take a position on Bush’s massive, 10-year tax cut plan.
FLOP: “I supported them.” (The Bush tax cuts)

FLIP:Romney said he will take stands that put him at odds with some traditional ultra- conservative groups, and cited his support for the assault rifle ban and the Brady gun control law. “That’s not going to make me the hero of the NRA. I don”t line up with a lot of special interest groups.”
FLOP: “I’m after the NRA”s endorsement. I”m not sure they”ll give it to me. I hope they will. I also joined because if I’m going to ask for their endorsement, they’re going to ask for mine.”

FLIP: “I have a gun of my own. I go hunting myself.”
FLOP: Asked by reporters at the gun show Friday whether he personally owned a gun, Romney said he did not. He said one of his sons, Josh, keeps two guns at the family vacation home in Utah.

FLIP: “I think the global warming debate is now pretty much over . . .”
FLOP: “I have to tell you with regards to global warming that that’s something, which, you’re right, the scientists haven’t entirely resolved . . .”

FLIP: When a 2002 Constitutional Amendment was proposed to ban same-sex marriage, Romney opposed it
FLOP: Romney will join petition backers in a State House press event today to urge the Legislature to pass the Protection of Marriage Amendment

FLIP: Gov. Mitt Romney (R) signed a bill Wednesday requiring all Massachusetts residents to purchase health insurance.
FLOP: Romney … is much more likely to present his state’s universal coverage law as not a model to copy but an example for other states to learn from. He’s now a critic of his own biggest achievement.

FLIP: Mitt Romney broke with GOP tradition and refused to sign the [Americans for Tax Reform] pledge. Romney’s Gubernatorial Campaign Spokesman, Eric Fehrnstrom, Dismissed Such Pledges At The Time As “Government By Gimmickry.”
FLOP: Almost five years after he refused to sign a ‘no new taxes’ pledge during his campaign for governor, Mitt Romney announced … that he had done just that, as his campaign for the 2008 Republican presidential nomination began in earnest.

Between Flip and Flop, I support Flip . . . or actually it’s Flop. I think half of right wingers should vote for Flip and the other half for Flop. Or maybe the other way around. And don’t quote me, because I may change my mind, depending on what you think.

While all politicians change positions for convenience, Flip and Flop seem to have cornered the world record. I therefore have created the Mitt Romney Flip Flop award, of which he will be the first recipient — five copies for extreme wishy-washy excellence.

Monetary SovereigntyMonetary SovereigntyMonetary SovereigntyMonetary SovereigntyMonetary Sovereignty


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