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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..
•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..


The following needs no embellishment. It is perfect, as is.

« December 18, 2015; Trump Lead Grows Nationally; 41% of His Voters Want to Bomb Country From Aladdin

Donald Trump holding his largest lead yet in the wake of Tuesday night’s debate.

He’s at 34% to 18% for Ted Cruz, 13% for Marco Rubio, 7% for Jeb Bush, 6% for Ben Carson, 5% for Chris Christie, 4% each for Carly Fiorina and Mike Huckabee.

Trump is the biggest gainer since our last national poll in mid-November, going from 26% to 34%. He’s also become more broadly popular with GOP voters, with his favorability rating going from 51/37 up to 58/34.

54% (of Republicans) support Trump’s proposed Muslim ban, to only 25% who oppose it.

To put some of these findings about real modern day issues and Trump voters in context, 41% of his voters think Japanese internment was a good thing, to 37% who don’t.

And 41% of his supporters would favor bombing Agrabah to only 9% who are opposed to doing that.

Overall 30% of Republican primary voters say they support bombing it to 13% who are opposed.

Agrabah does not exist. It is the fictional nation in a Disney movie titled, “Aladdin.”

But 41% of Trump supporters and 30% of Republicans want to bomb it.

Juan Cole, 41 Percent of Donald Trump Supporters Want to Bomb Aladdin and Jasmine

Only 19% of Democrats were knee-jerk bombers, and 36% were firmly opposed to reducing the cartoon land to smouldering cellulose. That 19% of Democrats wanted to bomb is pretty bad, obviously.

But it is interesting that the most belligerent constituencies besides Trump were supporters of Jeb Bush, Ted Cruz and Chris Christie.

I suppose Bush acolytes figure they know what a Bush would get up to. And after all, all those Neoconservatives who engineered the Iraq War are in his brain trust.

Christie, being a bully, likely attracts other bullies.

It is hard to know if the Cruz devotees are militarily aggressive or just addled like their leader.

All those Republicans, who were brainwashed and incited by the bombastic speeches of their leaders, now want to bomb “Agrabah” and kill its people, simply because it has an Arabian-sounding name.

They know nothing about Agrabah, but by God, they know they want to murder the men, women and children who live there.

What does that tell you about today’s Republican candidates? What does that tell you about today’s “religious” right-wing, gun-nut voters?


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.


Recessions come only after the blue line drops below zero.

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.