When economics loses its importance

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Here is when economics loses its importance.

On April 24th, I had my 2nd knee replacement. Meanwhile, my wife for 63 years, had been battling what seemed to be a “forever” cold. It turned out to be pneumonia.

Last week, I came home from rehab, to find my wife unconscious in the bedroom. I was unable to rouse her. A call to 911 drew a response within a minute. The techs determined she had an incredible 104.7 temperature.

For those who don’t know the implications, it would be rare for an adult to survive such a fever.

In the hospital, the fever drove her to delirium, where this little, 110 pound, mild-mannered woman unconsciously fought off her nurses so powerfully they were forced to strap her down.

At that point, I thought we had lost her.

I then developed a bladder infection, which slowed my recovery from the knee replacement (I was unable to do the necessary recovery exercises.)

My wife came out of her delirium but had to go on an oxygen mask. One of the results of pneumonia can be a loss of hearing, which can be temporary or permanent. Either the mask or the pneumonia itself resulted in my wife losing her hearing.

We hope her hearing loss was temporary, since it now is recovering, at least slightly, and my knee and other maladies, are ever-so-slowly, improving.

She remains in the hospital, where she probably will remain for at least another week. Fortunately, I have two, wonderful daughters, who visit my wife every day, and who stop by me to supply meals.

This all came out of nowhere, to two people who previously were healthy, strong, vigorous tennis players,

Thankfully, we are blessed with Medicare A & B, supplement, Part D, long-term care insurance, and a concierge doctor, who visited my wife each day, and who directed her recovery.

Just imagine if we were among the millions of people to whom the GOP would like to deny healthcare.  Imagine this happening to you, and you couldn’t afford insurance. Healthy yesterday, suddenly, unexpectedly sick today, and inadequate healthcare available.

Millions of Americans, feeling healthy now, will vote for the party and the man, who are doing everything possible to end social benefits like Obamacare, mostly because it has Obama’s name attached to it.

Given similar circumstances, these Americans will die unnecessarily, doomed by their own ignorance.

Perhaps, this is a form of Darwinism which may lead to an improvement of the species.

I’ve been preaching essentially the same story, through two books and 2,300 posts on this blog, and from what I can see, I’ve not even dented the wall of .ignorance.

I see what the hospital, doctor, drug, and nursing bills are and will be. Only the wealthiest among us independently could afford them or at least, have adequate insurance. The rest of you will die too soon.

Visit any right-wing site and you will see snarky comments about “libs” and how we all should be self-sufficient. These are the folks who believe, “It can’t happen to me.”

The next time you think about voting, decide which group you have joined. Your life depends on it.

Yes, during these suddenly dire times, teaching economics loses its importance to me.

But hey, I’m OK.

Are you?

Rodger Malcolm Mitchell
Monetary Sovereignty
Twitter: @rodgermitchell
Search #monetarysovereigntyFacebook: Rodger Malcolm Mitchell

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The most important problems in economics involve the excessive income/wealth/power Gaps between the richer and the poorer.

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics.

Implementation of The Ten Steps To Prosperity can narrow the Gaps:

Ten Steps To Prosperity:

1. Eliminate FICA

2. Federally funded Medicare — parts a, b & d, plus long-term care — for everyone

3. Provide a monthly economic bonus to every man, woman and child in America (similar to social security for all)

4. Free education (including post-grad) for everyone

5. Salary for attending school

6. Eliminate federal taxes on business

7. Increase the standard income tax deduction, annually. 

8. Tax the very rich (the “.1%) more, with higher progressive tax rates on all forms of income.

9. Federal ownership of all banks

10. Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

The Ten Steps will grow the economy, and narrow the income/wealth/power Gap between the rich and you.

MONETARY SOVEREIGNTY

Published by Rodger Malcolm Mitchell

MBA Northwestern, business turnaround expert, economist

Published

22 thoughts on “When economics loses its importance”

    2. And greatly altered my worldview as well, which has never been quite the same since I first stumbled upon your work in early 2018. I only wish I (and everyone in the world, in fact) had discovered your writings much sooner. So many problems in this world could have been averted by following your ideas.

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  2. Hi, Rodger. Just earlier today, I was wondering how you are doing, since you haven’t posted anything in the past three weeks despite all of the crazy current events lately. Glad to hear you are (relatively) ok now, and I wish you and your wife both a speedy recovery.

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  3. Blessings to you and family. Your post and poignancy pack a punch to normal people. The Media disintermediates people and the right wing comments are “put up” on these corporate comment boards and meant to put on a show as to indicate societal support for corporate psychopathy. Regards.

    There are many more in unfortuante situations.

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  4. Sorry to read about your misfortunes, I also had noticed a break in your posts.
    I guess one HAS to admit that being over 80 really is old now. I’m still 78 but I can see when I’m 80 it will be different from today. Keeping well is just more time consuming. and it’s easy to fall over which can be devastating. I’m hoping I will be around in 2028 to witness a total solar eclipse over Sydney.[Melbourne had one in 1976 and Brisbane will have one in 2035.] One item on my bucket list.
    I’m sure it will not be long before you are commenting on matters of the economy.So get well soon!

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    1. Thank you.

      When we were young, we could speak confidently about “the future.” Now, I cannot be confident about tomorrow. Illness comes suddenly and unexpectedly, and we seldom are prepared.

      Between my surgery and recovery, and my wife’s continuing hospitalization, the bill very well could reach seven figures. Were it not for my insurance and my savings,, my life would change. Sadly, our GOP does not care what happens to not-rich Americans, and not-rich Americans don’t understand that.

      Good luck with 2035.

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  5. Hope both your recovery’s continue! With your health I have found everyday is a blessing, (things change in a heartbeat) and continued good health is no guarantee.

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  6. I’m saddened to hear of what’s happened to you and your wife over the last month, and grateful that it seems you’re both on the mend. I only discovered your blog and message within the last 9 months, but it has had a deep impact on my thinking and understanding. Thank you for your tireless efforts, and I hope you and your wife enjoy many years to come together.

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  7. To Rodger from Roger … I appreciate your personal sharing of you and your wife’s health issues. I wish you two the best. May the recovery continue. I must strongly echo what Mark J. has said so well … your well written and well considered writings have been very meaningful to me. And as he said, “Thank you for your tireless efforts, and I hope you and your wife enjoy many years to come together.” Good health and God speed …

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  10. Rodger your words, so well written, have not been wasted. Indeed, they have inspired many to spread the word. For example, I have even turned a formerly zealous supporter of the Heritage Foundation into a believer!. Others, such as the CBO (a presumed public servant of sorts) resist my questions- but discomfort is being created!
    I’m very sorry to hear of your recent travails. Along with many others, wishing you well.

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