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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.
●The single most important problem in economics is the gap between rich and poor.
●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 between the rich and the rest..
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We Americans fundamentally are decent human beings. We empathize with, and we feel compassion for, those less fortunate than us. It is built into our genes and expressed in our souls.
In uneven steps, some quick, some slow, some even receding, the tide of American history has moved us up from cold cruelty and indifference, toward what we have come to term “liberalism.”
Once, we had supported slavery. We were wrong. By any measure, and for any time, slavery is, was and always will be merciless and indecent. Slave owners lacked empathy and compassion and decency. Yes, even the venerated founders of our nation were guilty.
A Republican president with liberal leanings, abolished slavery. Yet, some of our conservative brothers still fly cruel banners, still yearn for those shameful days. They lack empathy and compassion. They row against a powerful tide, their pitiful philosophy of no avail.
Once, women had no vote. That was wrong. Today, women own their vote. A liberal tide lifted them.
Women and children, once trapped in rich men’s sweatshops, were freed by liberal thought.
One day, our women will achieve equality in pay. They already have in professional tennis, due in great measure to such Americans as Billie Jean King and (See:) Venus Williams, who fought against male conservatism.
One day, this equality will be found in all jobs and all workplaces. The glass ceiling will be shattered. The tide is relentless.
“Separate but equal,” that Southern bastard-child of slavery, was cruel and indecent. A liberal president abolished this shameful practice.
The devices and deceptions designed to deny the poor their right to vote, once were outlawed, now somewhat resurrected by a right-wing, Supreme Court. We receded, briefly. But the tide will return, mightier than ever.
Bigotry and hatred, in all their variations, are indecent. Conservative claims that the poor are lazy “takers,” who deserve their poverty, not only are factually wrong, but are indecent.
Denying unemployment compensation, denying food and shelter for the poor, cutting Social Security benefits for the elderly — they all deny American values; they flail against an irrepressible tide.
Conservatives claim that immigrants — men, women, even children — bring crime, disease and indolence, and so should be shut out and sent out of America. Those claims also are factually wrong. The claimants deny the tide of American decency.
Preventing full marriage rights to gay people was indecent. No harm is done to anyone when gays marry. The notion that gay marriage somehow diminishes the marriage rights of straight people, is false, cruel and indecent.
As even Justice Kennedy wrote:
No union is more profound than marriage, for it embodies the highest ideals of love, fidelity, devotion, sacrifice, and family. In forming a marital union, two people become something greater than once they were.
As some of the petitioners in these cases demonstrate, marriage embodies a love that may endure even past death. It would misunderstand these men and women to say they disrespect the idea of marriage.
Their plea is that they do respect it, respect it so deeply that they seek to find its fulfillment for themselves. Their hope is not to be condemned to live in loneliness, excluded from one of civilization’s oldest institutions.
They ask for equal dignity in the eyes of the law. The Constitution grants them that right.
Still, the conservative wing of the Supreme Court — Roberts, Scalia, Thomas and Alito — in a cruel and shameful performance, devoid of compassion and humanity, denied the tide.
To paraphrase Franklin D. Roosevelt, their words will live in infamy. Their shame will outlast them.
Denial of health insurance for the poor is cruel and indecent. Three members of the Supreme Court’s conservative wing — Alito, Thomas and Scalia — worship the cold letter of the law above the human purpose of the law, which is to prevent moral tragedy.
They have forgotten, if ever they knew, why America exists.
(Ironically, these men who strut and preen as “originalists,” i.e. interpreters of the 200-year-old intent of our founders, now for political idealism, find themselves reluctant to interpret the intent of a recent Congress.
It was right-wing Scalia who denounced the Court’s departure from the plain meaning of four words, “established by the state,” [ACA] while he himself has ignored the plain meaning of four other words: “A well regulated Militia” [2nd Amendment]. Such is his hypocrisy.
And it was the right wing of the Court, who decided that money is a synonym for free speech in elections, disingenuously claiming the more “speech,” the better, while granting the rich far more “free speech” than the poor.
If history remembers them at all, it will remember the Supreme Court right-wing cabal as infamous men who lurked on the wrong side of history.
In the past, we freely raped our environment, killing what we touched and spreading poisons over the land. The rich still do this, but less now, for liberal thought has moved the tide inexorably toward protection of our earth, air, water and climate.
Sadly, deniers of climate change, deniers of fossil combustion poisons, and deniers of our dwindling species, value today’s dollar more than tomorrow’s children.
But that must and will change.
We tortured and killed people in the name of “law and order.” Now, less so. Soon perhaps, never.
One wonders what it is conservatives wish to conserve. Hatred and bigotry? Lack of empathy? Lack of compassion? Lack of human decency? Is this their desired legacy?
Today’s conservatives cannot long deny, deny, deny, as they drown in the “bleeding heart,” liberal tide of American decency.
Americans know, deep withing their hearts, that like the equally and wrongly denied Evolution, the “bleeding heart,” liberal tide is real and inevitable.
We the people, neither can, nor wish to, swim against it.
Rodger Malcolm Mitchell
Monetary Sovereignty
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The Ten Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded free 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 (the “.1%”) more, with higher, progressive tax rates on all their 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.
THE RECESSION CLOCK
Long term view:
Recent view:
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.
#MONETARYSOVEREIGNTY
#Monetary Sovereignty - Mitchell 