Twitter: @rodgermitchell; Search #monetarysovereignty
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We all like lists. We enjoy reading lists of the fastest, the biggest, the richest. Lists are interesting and fun.

But there is one kind of list we seldom see: The shortest list, for instance, a list of people who have walked on the sun, or a list of people who admire Sarah Palin’s brains.

For your interest, I give a partial list of those shortest lists. Feel free to add your own.

List of:

— ways Donald Trump differs from the Republican Party as a whole

–- ways Trump would make America great

— Trump’s and Ted Cruz’s kindnesses to the poor and less fortunate

— criminal bankers punished by Democrats

— Republicans who have voted to punish criminal bankers

— instances when Trump has exhibited courage, toughness, compassion or morality

— Republicans who propose tax increases on the rich

— ways Hillary Clinton’s slow comment on Benghazi hurt America

— ways Clinton’s policies will differ from Barack Obama’s

–- occasions when Clinton refused money

— Wealthy people who give large political donations and expect nothing in return

–- Republicans who had something kind, good or generous to say about gays

— reasons Clinton, Trump or Cruz would help America more than would Bernie Sanders

— reasons college kids carrying guns on campus makes everyone safer

— reasons total strangers carrying guns on the street makes you safer

— reasons total strangers carrying guns in a bar makes you safer

— reasons alcohol is safer, healthier or better in any way than marijuana

–- reasons all Muslims are the same

–- things Trump doesn’t believe he is the greatest at

–- reasons an embryo is more important than a mother

–- evidences that the very poor are lazier than the very rich

–- evidences that the death penalty reduces crime

–- evidences that global warming is not being exacerbated by increased, man-made CO2

— ways the “War on Drugs” has worked

–- ways George W. Bush improved the lives of the middle and lower income American

–- reasons why free medical insurance for all Americans is a bad idea

–- reasons why free college for all Americans is a bad idea

— reasons state and local governments are more honest than the federal government

— the ways the federal government unintentionally can run short of dollars and be unable to pay its bills.

— reasons the federal government is poor and you are rich (so its debt is worse than your debt)

— reasons the federal debt is “unsustainable”

— reasons the federal deficit should be reduced

— instances when the Christian fundamentalist right acts as Christ would have acted

–- intelligent people who believe the NRA is not a shill for the gun manufacturers

— hyper-inflations in United States history

— U.S. recessions and depressions caused by excessive federal deficit spending

–- U.S. recessions and depressions not cured by increased deficit spending

— children who have become more patriotic as a result of chanting the “Pledge of Allegiance”

— honest politicians

— politicians who understand Monetary Sovereignty

–- people to whom you’ve successfully been able to explain Monetary Sovereignty an

Ironically, this list of shortest lists is long, and surely could grow longer. See if you can think of more very short lists.

Rodger Malcolm Mitchell
Monetary Sovereignty

 

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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 grow the economy, and narrow the income/wealth/power Gap between the rich and you.
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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

THE RECESSION CLOCK

Recessions begin an average of 2 years after the blue line first dips below zero. A common phenomenon is for the line briefly to dip below zero, then rise above zero, before falling dramatically below zero. There was a brief dip below zero in 2015, followed by another dip – the familiar pre-recession pattern.
Recessions are cured by a rising red line.

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.

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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..

•No nation can tax itself into prosperity, nor grow without money growth.
•Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
•A growing economy requires a growing supply of money (GDP = Federal Spending + Non-federal Spending + Net Exports)
•Deficit spending grows the supply of money
•The limit to federal deficit spending is an inflation that cannot be cured with interest rate control.
•The limit to non-federal deficit spending is the ability to borrow.

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..

MONETARY SOVEREIGNTY