PolicyMic

Rodger Mitchell For those who love to quote their interpretation of the bible, as a solution to today’s problems, the bible says to put to death the following: Anyone who curses their father or mother Anyone who has sexual relations with an animal Whoever doe...

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Rodger Mitchell Agreed, that anything you find disgusting, should be outlawed. I personally find drinking alcohol to be disgusting. Also haggis, divorce, children in beauty contests, runny noses, pimples, eating raw vegetables, beards, women who don't shave t...

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Rodger Mitchell And of course, it's necessary to outlaw the exceptions. Let's begin with outlawing left-handers and red-heads. Then, we can outlaw vegetarians and people who don't own smart phones. I personally would like to outlaw people over 7 fe...

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Rodger Mitchell And in addition to the entire South, which never has cleaned its hands of slavery bigotry, we have the great state of Kansas: http://rodgermmitchell.wordpress.com/2012/05/08/kansas-descends-down-the-deep-dark-hole-of-right-wing-intolerance-and-hypocr...

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• 2 weeks ago

Rodger Mitchell The government doesn't print money. It creates dollars by paying bills: 1. If the government owes you $1,000, it instructs your bank to increase the numbers in your checking account. 2. When the bank increases the numbers in your checking...

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Rodger Mitchell If you understood Monetary Sovereignty, you would know your federal tax dollars do not pay for anything. See: http://rodgermmitchell.wordpress.com/2010/08/13/monetarily-sovereign-the-key-to-understanding-economics/ Unlike the state and local gove...

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Rodger Mitchell Prior to 8/15/71, your comments would have been valid. But on that date, the U.S. government became Monetarily Sovereign. It gave itself the unlimited ability to create dollars. Today, the federal government neither needs nor uses dollars sent t...

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Rodger Mitchell Ben I suggest you google "Monetary Sovereignty," and get an understanding of today's economics. The U.S. became Monetarily Sovereign on August 15, 1971, and the world changed. You would learn that taxes do not pay for federal spendi...

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• 3 months ago

Rodger Mitchell Ben, "Australian" economics?? Hmmm. That's a new one. And why would the government not have the "ability to pay its debts"? Anyway, once, again: What data do you have to indicate the federal deficit or debt are too hi...

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Rodger Mitchell The old Weimar Republic example. Their inflation was caused by the allies' post-WWI terms. The inflation caused the money printing, not the other way around. I sent you this link: http://rodgermmitchell.wordpress.com/2010/04/06/more-thoughts-o...

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• 3 months ago

Rodger Mitchell Do you have data to support your views, or just hunches? Here are some facts: 1. There has been no relationship between federal deficits and inflation since we became Monetary Sovereign: http://rodgermmitchell.wordpress.com/2010/04/06/more-thoughts-...

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Rodger Mitchell Do you understand Monetary Sovereignty? If you did, you would know this statement has not been correct since August 15, 1971: "Our runaway deficit spending will cause us to sink into another crisis down the road." If you would like to u...

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Rodger Mitchell What data indicates the deficit is too high? Do you know the differences between Monetary Sovereignty and monetary non-sovereignty? Do you know how federal finances are different from personal finances, state and local finances, business finances...

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• 3 months ago

Rodger Mitchell What data do you have to indicate the federal deficit or debt are too high? Do you understand the meaning of Monetary Sovereignty?

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Rodger Mitchell A Monetarily Sovereign nation, having the unlimited ability to create its sovereign currency, never needs to borrow at all. Borrowing became obsolete on August 15, 1971, when we became Monetarily Sovereign. As I said before, "Federal finance...

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Rodger Mitchell Federal finances are different from personal finances. Unlike you and me, the U.S. government is Monetarily Sovereign. Deficit spending is the method by which a Monetarily Sovereign government adds money to its economy, thereby growing the economy. ...

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Rodger Mitchell Speaking of anti-science, where do those "research" numbers come from?

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• 4 months ago

Rodger Mitchell Omar, ". . . whether my tax dollars should be used to subsidize abortion." Your tax dollars do not subsidize anything. That's the point I tried to make. If taxes were reduced to $0 or raised to $100 trillion, the ability of the gove...

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• 4 months ago

Rodger Mitchell I apologize. Forgot you were the author. I'll go with this: " "Limiting deficits is unnecessary and bad for the economic health of the country. It reduces money supply growth, which is required for economic growth." Sorry your ...

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• 4 months ago

Rodger Mitchell Was this addressed to Rodger Malcolm Mitchell, who addressed nothing to you?

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Rodger Mitchell No historical relationship between federal deficits and inflation. See: http://rodgermmitchell.wordpress.com/2010/04/06/more-thoughts-on-inflation/ Government could pay all debt tomorrow by crediting debt owners' checking accounts. This does n...

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• 4 months ago

Rodger Mitchell Sorry you haven't read Monetary Sovereignty, else you would know that unlike state and local taxes, federal taxes don't pay for federal spending. If federal taxes fell to $0 or rose to $100 trillion, neither event would affect the federal ...

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• 4 months ago

Rodger Mitchell The equation is correct. That's the point. Increases in deficits increase Private Saving. The myth about printing money causing inflation has not been true since we became Monetarily Sovereign. See: http://rodgermmitchell.wordpress.com/20...

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Rodger Mitchell Limited government is nonsense. The more budgets get cut and taxes go up, the weaker economies become. Here are two equations in economics: Federal Deficits – Net Imports = Net Private Savings (Cut deficits and you cut savings.) Gross Do...

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Rodger Mitchell The Fed lends money to banks that need reserves. Banks have no difficulty obtaining reserves, because they are available from other banks, from the public or from the Fed. The process is fairly automatic and has nothing to do with "printing&qu...

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• 5 months ago

Rodger Mitchell I'll accept Taylorbucks if you'll accept Mitchellbucks. Nah, forget it. My grocer wants Rodgerbucks and my favorite restaurant wants Robertbucks, and my wallet is filled with all kinds of bucks, and I can't keep track of who takes ...

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• 5 months ago

Rodger Mitchell Louis, in answer to your question: Yes, you have profited.

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Rodger Mitchell Woodrow Wilson may have been right. I agree about "a small group of dominant men." But those men are not the Fed board. The Federal Reserve is not, repeat NOT, a private bank. It is a government operation from top to bottom. The Fed b...

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Rodger Mitchell Your taxes do not pay for Federal spending or Federal Reserve spending. If federal tax collections fell to $0 or rose to $100 trillion, neither event would affect by even $1 the government's ability to spend. This has been true since 8/15/71. ...

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Rodger Mitchell On 8/15/71, the U.S. government became Monetarily Sovereign. It does not need to "raise revenue." Unlike state, county and city taxes, federal taxes no longer pay for federal spending. See: http://rodgermmitchell.wordpress.com/2010/08/13...

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Rodger Mitchell The point is: Congress determines the money supply with deficit spending. The Fed has very limited control over the money supply (depending on how you define "money"), which is why it is ludicrous for Congress to ask the Fed to stimulate ...

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Rodger Mitchell Max, The fundamentals of Monetary Sovereignty describe what is. The Treasury creates dollars by marking up checking accounts. Banks create dollars by lending. I do not believe the Fed should be dissolved. Maybe you're thinking of the Tea P...

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Rodger Mitchell Max, you really need to understand Monetary Sovereignty: http://rodgermmitchell.wordpress.com/2010/08/13/monetarily-sovereign-the-key-to-understanding-economics/ Also, if you don't like federal debt, what is your feeling about these two fund...

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Rodger Mitchell " . . . non Gov't bank to control the money supply is insane . . ." Agreed. Fortunately, the Federal Reserve Bank is a government agency, the directors of which are Presidential appointees. The "independence" of the Fed...

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Rodger Mitchell The board serves at the pleasure of the President, and if he doesn't like what they're doing, he can fire the lot of them. So much for "independence."

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Rodger Mitchell The myth: The Fed is privately owned. This is complete bunk, sometimes promulgated by an anti-Semite who claims the Fed is owned by the Rothschild family, to demonstrate that Jews run the world. If you really want to understand how the Federal Re...

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Rodger Mitchell ". . . it inflates the money supply, destroys the purchasing power of our currency, distorts the proper workings of the market economy with boom-and-bust cycles, and allows the federal government to expand without directly taxing the American p...

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Rodger Mitchell Many reasons why people argue for a gold standard. There are the gold dealers, who always find reasons why gold will go up. There is the traditional (false) belief gold is safe. Your "seems to me" sentence is correct. But when the debt soa...

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Rodger Mitchell The problem with a gold standard, or any "standard" or "peg" is that it turns recessions into depressions, by tying the government's hands. The U.S. cannot go bankrupt, but Greece (which is on a euro standard) can. So can...

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Rodger Mitchell Yes the dollar has lost value, and the government has run deficits, but as is showed at http://rodgermmitchell.wordpress.com/2010/04/06/more-thoughts-on-inflation/ there has been no relationship between federal deficits and inflation. So what caus...

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Rodger Mitchell If your intuition is correct, you should see a relationship between federal deficit spending and inflation. But there is none. See: http://rodgermmitchell.wordpress.com/2010/08/13/monetarily-sovereign-the-key-to-understanding-economics/comment-page...

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Rodger Mitchell The federal government, being Monetarily Sovereign (as of 8/15/71), has no need to borrow. It creates all the dollars it needs, merely by spending. See: http://rodgermmitchell.wordpress.com/2010/08/13/monetarily-sovereign-the-key-to-understanding-ec...

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Rodger Mitchell Every U.S. depression happened during a gold standard. Any standard, gold or otherwise, invites disaster; it ties the government's hands. The euro nations are on a euro standard, causes their problems. Our states, counties and cities are on a ...

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Rodger Mitchell Our last depression came during the gold standard. Come to think of it, every depression has come during a gold standard.

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Rodger Mitchell Nice theory, but here are the facts: Since the U.S. became Monetarily Sovereign in August 1971, there has been no relationship between the money supply ( http://research.stlouisfed.org/fredgraph.png?g=468 ) or federal deficits ( http://rodgermm...

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Rodger Mitchell " . . . Congress is spending too much (as is the problem today) . . . " Actually, Congress is spending too little. Note: Federal Deficits – Net Imports = Net Private Savings Gross Domestic Product = Federal Spending + Private...

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