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The measure of an economy is money.
A large
economy needs a larger supply of money than does a small
economy.
Therefore, a growing economy needs a growing supply of money.
All money is a form of debt. Therefore, a growing economy requires a growing supply of debt.
U. S. Federal Debt is the safest, most controllable form of debt. The federal government, alone among borrowers, never will default.
Thus, there is no
federal debt or deficit problem, and a
balanced federal budget leads to a
recession or a depression.
FREE MONEY
Learn more about the
US National Debt and
solutions
to the federal budget deficit in Rodger Malcolm Mitchell's book,
FREE MONEY
"When an author puts himself on the line by embracing an unfashionable idea, even though he is guaranteed to generate scorn or indifference, this should be recognized." Nobel laureate Kary B. Mullis
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If you have not yet read
FREE MONEY, you probably believe:
1. The U.S. Federal
Debt
is too high, it burdens
tax
payers.
2. A federal surplus will help prevent
inflation
and
recession.
3. Americans save too little and owe too much.
4. Cutting interest rates helps our
economy
grow.
5. The U.S. trade deficit is too high.
6.
Taxes
pay for federal spending.
7. Business should pay its fair share of federal taxes.
8. There are no affordable
solutions
to crime, health care and
Social Security
costs, poverty, military needs, a declining ecosystem and a deteriorating infrastructure.
9. There is no "free money".
Now you can accept the possibility that every one of these statements is wrong? See
FREE MONEY
for an explanation.
Rodger Malcom Mitchell is a "turnaround specialist", a businessman who comes in to save troubled companies. He looks at each company with fresh eyes. His task requires him to ignore the company myths and corporate common knowledge, and to determine the reality of each company's situation. In FREE MONEY, he uses the same techniques to investigate the commonly held beliefs about our economy. What he discovers will amaze you.
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