RLC Has A Great Opportunity: Just Ask Anyone on the NYC Subway

My blog "RLC Has a Great Opportunity: Just Ask Anyone on the NYC Subway" appears in the Republican Liberty Caucus Website here.

"...Increasingly, Brooklynites as well as Americans in general have been asking questions about the Federal Reserve Bank. If one of the parties decides to take this issue by the horns, it will be winnable. This is so in part because the statist media will have trouble responding to it. They can trot up Keynesian economists to argue, but the economists themselves can be made to be part of the issue. They are themselves, after all, on the special interest Fed gravy train."

Read the whole thing here.

New Stimulus Plan Proposal for Congressman Hinchey

Dear Congressman Hinchey:

I have a stimulus plan and I urge you to propose it to Congress. My plan is that Congress, the President and the US Supreme Court ought to convene in Guantanamo Bay, remaining there for the next twenty years.

They could occupy the cells left by the departed terrorists. Their decisions would be limited to Guantanamo Bay.

The three branches would then be able to begin to mend the damage that they have caused to this country.

Sincerely,


Mitchell Langbert

Cc: President Barack Obama, Senator Chuck Schumer, Senator Kirsten Gillibrand

Letter to Congressman Maurice Hinchey: Stimulus Plan

Dear Congressman Hinchey:

I have thought of a sure fire economic stimulus plan. The US Congress should shut itself down for 15 years. At the end of the 15 years, America will be in better economic, spiritual and moral health than ever before in its history.

Before you decide to take my advice, though, please do me a solid and abolish the Federal Reserve Bank. And send its chairman to jail, where he belongs.

Best Wishes,

Mitchell Langbert, Ph.D.

Cc: Senator Chuck Schumer, Senator Kirstin Gillibrand

Massive Tax Cuts Will Cure The Economy

The best stimulus is allowing people to keep and spend their own money. During the depression of the 1930s, the Democrats raised taxes. This, along with the range of blithering boondoggles known as the "Faint Squeal" (er, I mean the "New Deal") led to what should have been a 1-5 year depression turning into an eleven year depression. The 1920 depression was one year. In the 1890s there were two briefer depressions, and there was one in 1907.

The difference between the 1930s and the earlier depressions was (1) the election of Herbert Hoover and Franklin D. Roosevelt, big government progressives who both used activist government approaches. As well, part of the strategy of the Faint Squeal was to raise income taxes. In 1936 the Fed tightened, exacerbating the slowdown caused by income taxes.

Cutting taxes to the bone would cause an increase in consumer demand. But it would be demand for what people want to spend money on, not for what they want to finance. It is the tax and spend policies of Democrats, Republicans and Keynesian economists that have caused the intermittent economic fluctuations since the Fed was founded in 1913.

Cut taxes, stimulate the economy. Socialism = economic stagnation.