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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..
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Pandering to the ignorant — all the politicians do it, mainly because we all are ignorant about most issues.
We learn about issues from our leaders, from the media and from our equally ignorant friends.
So, when our leaders and the media wish to mislead us, and our friends don’t know any more than we do, where does that leave us?
Ignorant.
But ignorance does not prevent us from forming opinions, and it is a sad truth of human nature, that the opinions of the ignorant often are firmly held.
Religion and politics are examples. No one really knows anything about God — not what He wants, not how much control over our lives He has, and not whether He is a He or a She or an It, nor whether He/She/It really exists.
But, lacking solid information, most of us have very strong beliefs about the answers to these questions.
Politicians take advantage of that strange relationship between ignorance and strong belief, by making ridiculous claims.
When Republican politicians repeatedly vote to defund ACA, there is an implied claim that those votes are meaningful. But they have as much meaning as voting to make the sun stop rising in the east.
Apparently some voters enjoy seeing their politicians engaged in such futility, apparently hoping that somehow, despite all logic, the vote will make the sun rise in the west.
Donald Trump’s claim that he will deport 11 million people and bring back “the good ones” falls into the same category: “Stupid things we do and say to make a point.”
One might think it would be better to say intelligent or factual things to make the same point, but politicians have learned facts are not necessary, and actually may be an impediment to belief.
We are more ready to believe something outrageously wrong than something subtly correct.
Which brings us to the following article:
Senator Cruz Introduces Bill To Let States Reject RefugeesWASHINGTON (Reuters) – Senator Ted Cruz, who is seeking the Republican nomination for president in 2016, said on Tuesday that he introduced legislation to give governors the ability to opt out of refugee resettlement programs.
Cruz said that if President Barack Obama wanted to send refugees to any state, his legislation would let its governor refuse to participate, “to conclude that the federal government has not done a sufficient job ensuring that the safety and security of the citizens of the state will be protected.”
I’m certain that Senator Cruz’s followers believe this is a wonderful idea, and I’m equally certain that at least a majority of his base knows it’s impossible.
The Constitution of the United States requires that anyone in America can travel to any state in America. So governors can “opt out” all they want, and it means absolutely nothing.
Your governor may hate blacks, browns, gays, Muslims or short people, but once they are anywhere in America, he can’t prevent them from entering your state.
And Cruz knows this.
So why does he waste not only his own time and effort, but the time and effort of the entire Senate?
Why does he wish to demonstrate stupidity, especially when he is running for President?
Because he wishes to show he is “tough on immigration.”
By the strange phenomenon of human nature, his outrageously stupid act provides better proof to his followers that he is brilliant and tough, than had he set out his calm, logical reasons for not allowing refugees to come into America.
His followers don’t want a calm and logical leader. To them, calm and logical is weakness. They want a “hair-on-fire,” screaming, bigoted, “mad-man-with-a-chainsaw” leader. To them, ignorance + cruelty = strength.
It never occurs to them that while such qualities may play well in an auditorium, they are not appropriate for the President of the United States. We may find the wild, crazy rebel romantically attractive, but when we wish to settle down, it’s with someone who is kind, thoughtful and logical.
Those who vote for mean-spirited bigots of outrageous action rather than leaders of intelligence and compassion, get exactly what they asked for.
They get the Joe McCarthys and the George Wallaces, the Hitlers and the Stalins, the Trumps and the Cruzes.
And then they suffer and wonder why.
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 add dollars to the economy, stimulate the economy, and narrow the income/wealth/power Gap between the rich and the rest.
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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
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
Recessions come only after the blue line drops below zero.
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 