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Mitchell’s laws:
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The more federal budgets are cut and taxes increased, the weaker an economy becomes. .
Liberals think the purpose of government is to protect the poor and powerless from the rich and powerful. Conservatives think the purpose of government is to protect the rich and powerful from the poor and powerless.
●Austerity is the government’s method for widening
the gap between rich and poor.
●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.
●Everything in economics devolves to motive,
and the motive is the Gap.

There are fools. There are damn fools. And then there are Libertarians.

What exactly is a Libertarian? According to Wikipedia, “Libertarians seek to maximize autonomy and freedom of choice, emphasizing political freedom, voluntary association and the primacy of individual judgement.”

In short, a Libertarian is blissfully self-sufficient — for everyone else — but when a Libertarian can’t get help from the government, then she bawls like a baby.

There are several forms of Libertarianism, each of which evolved because the previous forms were shown to be untenable. It was, “O.K., I’m a Libertarian, but that’s not what I believe,” and then the new Libertarian belief is described.

Here is what life would be in a libertarian world: No Social Security. No Medicare. No Medicaid. No ACA. No food stamps or any other aids to the poor. Taken to its logical conclusion, a Libertarian world also would include no police, no fire fighters, no army and no government.

After all, we’re autonomous, aren’t we. We don’t need no dang government telling us individuals what to do.

Here’s a bit about Libertarian Megan McArdle, taken from Wikipedia:

During Megan’s junior year, she worked as a canvasser for the Public Interest Research Groups, the nonprofit founded by Ralph Nader. Her experience there hurried along her “transition from ultraliberal to libertarian.” The organization was, she later wrote, “the most deceptive, evil place I’ve ever worked.”

Note her self-described “transition from ultraliberal.” This is telling.

An “ultra” anything is what author Eric Hoffer described as a “True Believer.” He (she) is a person who takes extreme positions, and the subject really doesn’t matter.

Hoffer posited that a “True Believer” can more easily switch from and to extreme forms of Christianity, Communism, Fascism, National Socialism, Protestantism, Judaism and Islam, than can the average person.

The subject belief doesn’t matter; it’s the extreme that is vital to the True Believer.

Here is what McArdle says about any form of national health insurance:

“Monopolies are not innovative, whether they are public or private,” and “Once the government gets into the business of providing our health care, the government gets into the business of deciding whose life matters, and how much.”

This is 100% Libertarian bullshit.

Medicare has proven not to stifle innovation. If anything, Medicare greatly has encouraged innovation by paying for drugs and treatments that otherwise would be unaffordable. Consider too, those government-provided subsidies to drug companies to encourage drug development.

As for the other bit of bullshit — ” . . . gets into the business of deciding whose life matters . . .” — this could be said of all health insurance, public or private. Would ours be a better world without health insurance?

In Megan’s Libertarian world, wealth would decide whose life matters. If you have no insurance, and can’t afford drugs and treatment, your life wouldn’t matter.

Ezra Klein of the (right wing!) Washington Post said, “Megan’s argument against national health insurance boils down to a visceral hatred of the government.” That could be said, with much accuracy, about every libertarian, even those drawing a paycheck from the government.

Megan described herself as an “ultra,” i.e. a fanatic, and fanatics require a devil. For Hitler, it was the Jews. For Islamic fanatics the devil is any non-Muslim, or even a Muslim of a different tribe. For Russians, it was capitalists.

For libertarians, the devil is the government, which many of them characterize as “leviathan.” (According to Hoffer, the perfect devil is an alien with evil superpowers — i.e., the Libertarian version of our federal government.)

Hoffer says that fanatics worship the past and love the future, but despise the present. Consider fanatic originalist conservatives Antonin Scalia, Clarence Thomas and Samuel Alito, and their perpetual worship of our nation’s seemingly “infallible” founders.

Libertarian Megan worships a past — and a future — without Medicare.

Today, Libertarian Megan published “Obamacare Will Not Kill the Supreme Court,” in which she posits that the Supreme Court would survive yet another awful decision.

She is correct. The Court will survive — in ignominy — but it will survive.

But she goes on to say, ” . . . it can certainly survive a narrow statutory case that overturns a still-unpopular program.”

In short, who cares about the millions of people who desperately need health care insurance, but can’t afford it? They should be self-reliant. Shouldn’t they?

Perfect libertarianism.

But wait. Remember at the start of this post, when I said, ” . . . when (a Libertarian) can’t get help from the government, then she bawls like a baby.

Well here comes Libertarian Megan with a brand new article, in which she is bawling about parents who don’t get their kids vaccinated, and how this might hurt her own kids:

Your Right to Skip Shots Ends Where My Kid Begins

I feel pretty strongly about vaccination: I’m for it. So how to convince anti-vaccine parents that vaccination is in the best interests of their child and society?

But what does work? Not telling people about the horrors of the diseases they are helping to spread. Nor does explaining the science calmly and patiently seem to do much good.

The autism-vaccine connection has been about as thoroughly discredited as possible — the paper retracted, the author thoroughly discredited. It still persists, even though logic suggests it never should have started: After all, if the measles vaccine gives you autism, then why wouldn’t actual measles?

So do complaints about thimerosal and mercury, even though thimerosal was removed from vaccines more than a decade ago, with no obvious impact on the rate of autism diagnoses.

So say to parents: You have a perfect right not to vaccinate your children, and we will not force you. But unless you have a vaccination certificate, a letter from a doctor explaining that your child falls into a small number of well-recognized medical exemptions, or a testament from your minister that vaccinating violates the tenets of a church of which you are an active member, failing to vaccinate your child also means failing to qualify for any public benefits for those children.

No tax deduction. No public school, college or municipal activities. No team sports that practice on public land. No federally subsidized student loans. No airplane rides for anyone under 18 unless the TSA gets an up-to-date vaccination certificate.

Whoa! Libertarian Megan, are you talking about government pressure? A squeeze on the self-sufficient by the leviathan?

Oh my, how things change when a Libertarian’s ox is gored.

Let’s get to the basics. Libertarians are the world’s great bullshit artists. They promote self-sufficiency for everyone else, but not for themselves. They don’t want the “leviathan” to help anyone — except when they do.

I’ll say it one more time, in case you don’t know where I stand: There are fools, damn fools and then, standing far to the lunatic fringes, there are Libertarians.

Rodger Malcolm Mitchell
Monetary Sovereignty

The Ten Steps to Prosperity:

1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Provide an Economic Bonus to every man, woman and child in America, and/or every state a per capita Economic Bonus. (Click here) Or institute a reverse income tax.
4. Federally funded, free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually. (Refer to this.)
8. Tax the very rich (.1%) more, with higher, progressive tax rates on all forms of income. (Click here)
9. Federal ownership of all banks (Click here and here)
10. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)

Initiating The Ten Steps sequentially will add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.

10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

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.
1. A growing economy requires a growing supply of dollars (GDP=Federal Spending + Non-federal Spending + Net Exports)
2. All deficit spending grows the supply of dollars
3. The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
4. The limit to non-federal deficit spending is the ability to borrow.

Monetary Sovereignty

Monetary Sovereignty

Vertical gray bars mark recessions.

As the federal deficit growth lines drop, we approach recession, which will be cured only when the growth lines rise. Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.