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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.
•Any monetarily NON-sovereign government — be it city, county, state or nation — that runs an ongoing trade deficit, eventually will run out of money.
•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.

•The single most important problem in economics is the Gap between rich and the rest.r.
•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.
•Everything in economics devolves to motive, and the motive is the Gap between the rich and the rest..


We believe what we want to believe.

When Mr. Trump says he will build an impossible wall and make Mexico pay for it, and deport 11 million people and “bring back the good ones,” some people actually believe that nonsense.

They believe what they want to believe, no matter how illogical and unfounded.

And when the right wing disagrees with the vast majority of climate scientists, and claims that humans are not causing climate change, some people actually believe that nonsense.

They believe what they want to believe, no matter how illogical and unfounded.

Perhaps no subject is more filled with fake arguments than guns. Americans have more guns, per capita, than any nation on earth. We also have more gun-related mass killings. Many people believe there is no relationship between those two facts.

They believe what they want to believe, no matter how illogical and unfounded.

When the U.S. Supreme Court says the words, “A well regulated Militia, being necessary to the security of a free State . . .” do not refer to a militia, much less to a well-regulated militia, people actually believe that nonsense.

They believe what they want to believe, no matter how illogical and unfounded.

Which brings us to the latest bit of gun-related illogic:

How Background Checks and an ‘Assault Weapon’ Ban Failed in San Bernardino
Two of President Obama’s favorite gun control solutions did not prevent this week’s massacre.
Jacob Sullum|Dec. 4, 2015 8:45 am

The Washington Post reports that the four guns used in the San Bernardino massacre “were all purchased legally from federally licensed firearms dealers,” which means the buyers passed background checks.

As usual, in other words, President Obama’s knee-jerk response to mass shootings—”universal background checks”—makes no sense.

The fact that the rifles were legally purchased in California exposes the fatuousness of another gun policy that Obama favors: a federal ban on so-called assault weapons.

California has one of the country’s strictest “assault weapon” bans, but somehow it did not forbid the sale of rifles that have been widely described in the press as “assault weapons.”

Someone please tell Mr. Sullum that today, a licensed doctor gave a patient some pills that killed the patient, thereby “proving” that licensing of doctors “makes no sense.”

And I understand that today, a 15-year-old boy purchased some cigarettes and alcohol, thereby “proving” that laws against selling cigarettes and alcohol to minors “make no sense.”

And recently, in Chicago, a trained police officer killed an unarmed boy, by pumping 16 bullets into him, thereby “proving” that Chicago’s police officer requirements — completion of the police academy courses, take the State of Illinois Certificate Examination and field evaluation and training — “make no sense.”

Further, the fact that California law did not forbid the sale of the specific guns used by the terrorists is offered as “proof” that outlawing any types of guns doesn’t work. So let’s legalize machine guns and bazookas?

You will hear and read a great number of comments in the vein, “This [law] would not have stopped the terrorists, so we shouldn’t do it.”

Of course, it’s all self-serving crap.  No one law can completely stop every act it was designed to stop.

Laws against speeding cannot stop all speeding. Laws against murder cannot stop all murder.

But we have such laws because they can help reduce the incidence of negative acts.

And that is the real point. The fact that we can’t entirely eliminate gun murders, is not a valid reason to do nothing. We should try to reduce the murder rate.

In the real world, it’s rare that any important problem can completely be fixed by one big solution. Our lives depend on partial solutions, so step-by-step we reach our goals.

Don’t be fooled by the gun manufacturers and their shills: The NRA et al.

Gun control laws can reduce the violence and the killing.

Rodger Malcolm Mitchell
Monetary Sovereignty

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. 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 Click here
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)

The Ten Steps 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

Vertical gray bars mark recessions. Recessions come after the blue line drops below zero and when deficit growth declines.

As the federal deficit growth lines drop, we approach recessions, each of which has been cured only when the growth lines rose.

Increasing federal deficit growth (aka “stimulus”) is necessary for long-term economic growth.