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National debt solution
solution to national debt
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.
A Glossary for FREE MONEY
                Using appropriate words can better describe the U.S. economy:

Common Term                                    True Meaning

credit (debt)..................................... money or deposits
federal debt .................................... economic surplus or money or federal deposits
federal deficit .................................. money or economic surplus
federal surplus ................................ economic deficit
trade deficit ..................................... import surplus
lend ................................................. create money
spend (government)........................ send money to the economy
reduce debt .................................... destroy money
to tax .............................................. to confiscate and destroy money
a tax ............................................... a money confiscation/destruction system
owes ............................................... has created (money)
save (government) ......................... avoid distributing money
waste (noun) .................................. less productive money distribution
budget ............................................ money distribution goal or limit
our economy ................................... business

                 Here are two sample paragraphs. The first uses the common, misleading terms. The second, with the same intended meaning, uses “Free Money” terms.

1) Common, misleading language regarding the U.S. economy:
                The U.S. federal debt has grown to more than $9 trillion, which amounts to about $30 thousand owed by each person in America. As federal spending rises and voters resist taxes, the U.S. must borrow more, so the federal deficit increases.
                 The experts want higher taxes to pay off the federal debt, because they believe federal debt is a financial burden on our economy and on future generations. Many people even wish the government would run a surplus.
                The Democrats, long branded the “tax and spend” party, wish to reduce government borrowing by increasing taxes.
                The Republicans, who also believe our economy has too much federal debt, propose a similar plan, which emphasizes reduced taxes and reduced spending.
                Very few people understand that our economy would benefit by increasing the federal deficit, increasing spending, reducing taxes and increasing the national debt.

2) Free Money terms:
                The economic surplus (or, deposits with the U.S. government) has grown to more than $9 trillion, which amounts to about $30 thousand owned by each person in America. As federal money distribution increases and voters resist the confiscation of their dollars, the U.S. must create more money.
                The experts want the government to confiscate money and destroy it, because they believe owning money puts a financial burden on business and on future generations. Many people even wish the government would take more money from the economy than it puts in.
                The Democrats, long branded the “confiscate money distribute money" party, wish to confiscate even more money.
                 The Republicans, who also believe business has too much money, propose a similar plan, which emphasizes less money confiscation and less money distribution.
                Very few people understand that business would benefit by increasing the growth and distribution of money, reducing the confiscation of money and putting more money in the hands of the people.

Click the cover to see excerpts from the book, FREE MONEY

The Voice Brought in From the Wilderness

                The world's governments rely on popular wisdom about their economies (Deficits are bad; taxes are prudent, etc.). They lurch from one economic crisis to another.
                Economics refuses to believe its own research. The dramatically increased U.S. debt provided a test of the “deficit-hurts-the-economy” theory. The test proved there is no relationship between federal debt and a negative economic outcome. In fact, the contrary is true. Economists ignore the results.
                We Americans want many things. We want a strong Social Security system, one we can rely on to protect us when we retire. Medicare We want Medicare and Medicaid systems that will help us when we're poor or old, throughout our lives, no matter what our age or financial condition. We want street crime to disappear.
                We want major improvements in the education we give our children. We want to modernize our infrastructure. We want profitable investments. We want our ecology to be protected. We want a strong military. We want low inflation. And we want lower taxes.
                We want many things, but what do the experts say? They say we can't have both lower taxes and more spending on social issues. We can't have low inflation, while we cut taxes and spend more. We can't afford Social Security and Medicare, even in their present form, let alone improved versions.
                The experts say we spend too much and we save too little, and in the story of the ant and the grasshopper, we are the wastrel grasshoppers. To lead good lives, we must suffer.
                They are wrong. FREE MONEY allows us to have it all, and we don't need to suffer.
                The academics are wrong, partly because their gene pool is too small. This generation's economists learned from last generation's. And they, in turn, learned from the previous generation's. This incestuous coupling of the misinformed, allows wrong ideas to pass unimpeded through the generations.
                They watched the federal debt rise 500% in sixteen years. They attended the longest period of sustained growth and prosperity in our history. They lived through a wonderful period of low inflation and wealth accumulation. They witnessed almost every commonly held economic theory being dashed on the rocks of reality. Yet, as Sherlock Holmes said, “They see but they do not observe.”
                Years ago I saw a very funny movie containing a scene in which a woman catches her husband in bed with another woman. The naked husband sits up and says, “Are you going to believe me or your eyes?” The experts want us to believe them, not our eyes.
                There is an America where Social Security, Medicare and Medicaid are healthy, where education and infrastructure are superior. There is an America where a strong military, a powerful economy and ample social benefits coexist with low inflation.
                That America enjoys the benefits of FREE MONEY. It stands within our reach, asking to be embraced. It is ours for the taking.
                We beg those in power to discard the clichés of popular wisdom and to create a fresh, workable "Free Money" America that will deliver us to a healthy, educated, efficient, safe and secure world.
                You, the reader, can begin the battle with a letter to your Congressional representatives. Ask them to abandon platitudes. Make them think. It is what you pay them to do. It is time to FREE MONEY.

Rodger Malcolm Mitchell

For those who want a balanced budget, here is a history lesson:
1817-1821: U. S. Federal Debt reduced 29%. Depression began 1819.
1823-1836: U. S. Federal Debt reduced 99%. Depression began 1837.
1852-1857: U. S. Federal Debt reduced 59%. Depression began 1857.
1867-1873: U. S. Federal Debt reduced 27%. Depression began 1873.
1880-1893: U. S. Federal Debt reduced 57%. Depression began 1893.
1920-1930: U. S. Federal Debt reduced 36%. Depression began 1929.
1998-2001: U. S. Federal Debt reduced 9%.   Recession began 2001


CONTENTS OF THIS WEB SITE:
  1. Stagflation
  2. Federal Budget Deficit
  3. Social Security and Medicare Solutions
  4. National Debt Letters
  5. Federal Deficit Solution
  6. Concord Coalition.
  7. Balanced Federal Budget
  8. Federal Deficit Problem
  9. Federal Government Budget
  10. US National Debt
  11. National Debt Solution
  12. A Child In Arms
  13. Inflation and Stagflation
  14. Glossary of Economic Terms Debt, Money, Deficit, Spend, Owe
  15. U.S. National Debt
  16. US National Debt Clock

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.
The Interest Rate Fallacy | Social Security Solutions | Medicare Solutions | Economic Solutions | Recession | Federal Debt of the U.S. | Federal Budget Deficit | Stagflation | National Debt Letters | Federal Deficit Solution | Balanced Federal Budget | Federal Deficit Problem | Federal Government Budget | US National Debt | National Debt Solution | A Child In Arms | Glossary of Economic Terms Debt, Money, Deficit, Spend, Owe | US National Debt Clock | Inflation and Stagflation | Pseudoeconomics   | Money supply and the weather | The Relationship Between Gold and Money | Social Security Reform | Does Federal Debt Cause Inflation? | The 5 Myths That Damage Our Economy | 10 Reasons to Eliminate FICA | GETROYS | Rodger M. Mitchell -- Ideas |