Mitchell’s laws:
●The more 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 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.


I have a plan to protect our children. It is a proven plan that has been tried in the past and failed miserably. It is a plan that was demonstrated to cause a dramatic increase in crime, and has been responsible for many thousands of deaths among our young people. It is a plan that is guaranteed to send thousands of our young people to jail.

My plan absolutely will cost our society many millions of dollars and thousands of lives and destroy many families, and not only doesn’t work, but actually worsens the problem it is supposed to solve.

My plan is called “Prohibition.”

What? You say that name is taken? “Prohibition” was the name given to a plan to save us from the most potent, the most dangerous, most addictive drug America ever has known: Alcohol? And all Prohibition did was increase alcohol consumption and crime? Wow. I didn’t know.

O.K., so “Prohibition” didn’t work, in fact made things worse, but if I keep my plan but give it a new name, I’m sure it will work. So, my new name for my plan is “War on Drugs.”

What? You say that name is taken, too? You say the “War on Drugs” has had exactly the same results as “Prohibition”? More drug use? More crime? More cost? More young people in jail? More lives and families destroyed?

Could it be that (and this may be a stretch) Prohibition and the War on Drugs have had the same results because they are the same plan?

Now, let me get this straight. You’re telling me if I have a plan that fails miserably, and even exacerbates the problem I’m trying to solve, changing the name of the plan won’t work? Hmmm.

So, how did we solve the problem of the most potent, most dangerous, most addictive drug America ever has known? You say we legalized it, regulated it and taxed it? You’re kidding. That’s how we solved the problem? Legalization?

Well that sounds crazy. Surely, if you outlaw a product that people want and will risk jail or even death to obtain, that should reduce usage. It doesn’t? Who’d a thunk?

So, if legalizing, regulating and taxing alcohol was proven to reduce usage, crime, jail time, financial and social costs and the destruction of our youth, do you think that maybe, just maybe, that same proven idea could work with currently illegal drugs?

Oh, you say Colorado and Washington State have begun the process by legalizing recreational use of the most benign of the illegal drugs, marijuana? What is the likelihood that the rest of the states and the federal government will learn from experience and legalize the recreational use of any drug someone wants to put in their own bodies?

I mean, the Democrats talk about privacy, and the Republicans complain about too much government intrusion on our lives. And taking recreation drugs is a private, personal decision, like drinking alcohol.

So could it be that the government should simply let people eat, drink, smoke and otherwise ingest whatever they want? And if we did that, might millions of lives and billions of dollars be saved?

So what’s the problem?

Ah, I see. You say that if only we tried harder, we could make Prohibition and the War on Drugs work. Makes sense to me. As I always say, if a plan does not work, never has worked and never can work, and actually makes things worse, keep doing it.

Only more so.

Rodger Malcolm Mitchell
Monetary Sovereignty

P.S. I have an idea. Next, let’s have a “War on Sugar.” Oh, Mayor Bloomberg already has begun that?


Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Medicare — parts A, B & D — for everyone
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here)
4. Long-term nursing care for everyone
5. Free education (including post-grad) for everyone
6. Salary for attending school (Click here)
7. Eliminate corporate taxes
8. Increase the standard income tax deduction annually
9. Increase federal spending on the myriad initiatives that benefit America’s 99%

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 Imports