GARY NORTH PRETENDS THE ORIGINS AND FAULTS OF MATHEMATICALLY PERFECTED ECONOMY™

It's an old idea. It had its origin in America's greenback movement in the late 19th century. The bottom line is that the person says the government should issue money; banks must be prohibited from doing so. Conclusion: we can safely trust the government. The one thing we can never trust to the government is the creation of money. [Thus Mr. North presumably intends to imply that instead we can and should trust in privatized currencies subject to interest.] Gary North — from Gary North's "SPECIFIC ANSWERS," *Wealth-building strategies*, etc...

mike montagne

Likewise, in regard to potential government abuse, there isn't even any circulation to be owned by the state in mathematically perfected economy™, because the only way for circulation to leave private hands is retirement. No circulation therefore can exist in the hands of the state but by taxation — which on the contrary makes taxation the potential area of government abuse.

Finally then, the only possible item of potential state ownership, and the only potential area of administration, is a formula — an intellectual matter with no cost whatever, which is not even a physical thing which can be owned, and which by law itself cannot be corrupted, or maladministered.

To say that mathematically perfected economy™ can be corrupted by the state therefore is to say as much as that counting can be corrupted by the state — which of course can happen only if the state is not bound to count right; which in turn is something which furthermore, is only protectable by way of the republican form of government and a vigilant populace.

Thus in a republic, the onus to preserve all these things falls on the populace itself; and the only way for a people to preserve these ends is itself the republican form of government.

Thomas Jefferson

The Bank of the United States is one of the most deadly hostilities existing against the principles and form of our Constitution. The system of banking is a blot [defect] left in [unsolved by, and unfortunately tolerated by] all our Constitutions [state and federal], which if not covered [eventually solved and revoked] will end in their destruction. I sincerely believe that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity is but swindling futurity [on the greatest possible scale].

If the American people ever allow banks to issue their currency, first by inflation and then by deflation [by having to maintain a vital circulation by perpetually re-borrowing principal and interest as subsequent sums of debt, increased perpetually so much as periodic interest], the banks and [bank owned] corporations which will grow up around them will deprive the people of all property [their very own production], until their children wake homeless on the continent their fathers conquered.

Thursday, June 12, 2008

GARY NORTH PRETENDS THE ORIGINS AND FAULTS OF MATHEMATICALLY PERFECTED ECONOMY™

On the one hand, there is little if anything to the assertions to which the present account answers: No veritable connection to roots, no proven equivalence, no corresponding record of failure, and no direct refutation of principle are even attempted by the opposing sayer (at least in any form we don't have to pay for). Accordingly, to this moment at least, Mr. North even refuses to answer to an open invitation to debate his assertions.

Why then would someone such as Gary North attack mathematically perfected economy™?

Gary of course spends his time at the opposing discipline, from which he pretends to know the origins of mathematically perfected economy™ better than its author. He pretends a brief movement which *spent* money into circulation advocated the equivalent of mathematically perfected economy™. He implies, assumably by that intimated equivalence, that mathematically perfected economy™ is disproven, while even the Greenback of the era he cites was no moreso "inflationary" than the form of currency he presumably advocates.

In any case, learning of Mr. North's presumed expertise in a DailyPaul thread, I immediately wrote Mr. North, whom I had known from previous correspondence many years passed:

Mr. North of course has not responded.

What would you wager that Mr. North knows already that his motives are obvious; that his purported answer is neither specific, nor a worthy refutation of mathematically perfected economy™; and that the circumstances everywhere around us alone refute his presumable, opposing proposition that a privatized currency or interest serve us; or that the people or republican form of government cannot administer mathematically perfected economy™ if the usurpers — who are the very usurers and advocates of further unearned gain — are removed from office?

After all, it seems he doesn't even dare say what the advantages or propriety are, of a privatized monetary system which can only multiply debt in proportion to the circulation for nought, and the eventual/ultimate complete dispossession of its subjects.

RELATED PRIMARY ARTICLES

1. [ KEY SUMMARY ]  HOME — SOLUTION, PURPORTED MONETARY REFORM, OR INHERENT FAILURE BY INTEREST?

RELATED REFUTATIONS/REVIEWS OF CONTROVERSIAL MONETARY PROPOSITIONS

53. Why Invalidate All Contending Monetary Propositions?
54. Why Pre-MPE™ Austrian School Dogma Can Never Solve Our Issues
    55. A FATAL FLAW OF AUSTRIAN SCHOOL ECONOMICS — COMPLETE REJECTION OF MATHEMATICS?
    56. REGARDING INTEREST THEN, DOES AUSTRIAN SCHOOL ECONOMICS NOT HAVE TITLE TO LIBERTY AND RIGHT REVERSED?
    57. William B. Ryan Kent State University Capital Ownership Group Forum Ad Hominems Disprove Mathematically Perfected Economy™?
        
        Or Academia Inadvertently Validates Mathematically Perfected Economy™?
    58. Example Austrian School Rejections of Mathematically Perfected Economy™
    59. VICIOUSNESS AND EVASION AS THE REGULAR DEFENSE OF THE AUSTRIAN SCHOOL
60. What's Wrong With Ron Paul and Milton Friedman's Idea To Stop Expanding The Money Supply?
61. What's Wrong With Social Credit and Douglas' A + B Theorem?
62. Why Have Benjamin Franklin, Thomas Jefferson, Ron Paul, Edwin Vieira and So Many Others Failed to Deliver Solution?
    63. WHY RON PAUL AND EDWIN VIEIRA HAVE FAILED TO DELIVER SOLUTION
    64. H. R. 1148 — RON PAUL'S ATTEMPT TO RESCIND THE FEDERAL RESERVE ACT?
    65. FANTASIES OF EDWIN VIEIRA'S REDUNDANT NEW HAMPSHIRE HB 1342, PURPORTEDLY TO ENDORSE CONSTITUTIONAL MONEY
    66. HR 2779 — RON PAUL AND EDWIN VIEIRA'S SO CALLED HONEST MONEY ACT
    67. BANAL FAULTS OF THE SO CALLED AMERICAN MONETARY ACT OF THE SO CALLED AMERICAN MONETARY INSTITUTE
    68. Invalidation of G. Edward Griffin's Creature From Jekyll Island Obfuscation Of The Need To Re-borrow Interest To Maintain A Circulation
        69. USURY OR MATHEMATICALLY PERFECTED ECONOMY™ — WHICH PRESERVES 'COLLECTIVISM' OR 'INDIVIDUALISM'?
    70. GARY NORTH PRETENDS THE ORIGINS AND FAULTS OF MATHEMATICALLY PERFECTED ECONOMY™
71. [ TO COME ]  The Broken Ideology: Monetary Narcissism Condemns Its Own Progeny To Destruction
72. THE COUNTER-PRODUCTIVE FANTASY OF A DEBT FREE MONETARY SYSTEM
73. AXIOMATIC ECONOMICS? VICTOR AGUILAR'S PURPORTED REVIEW OF MATHEMATICALLY PERFECTED ECONOMY™
74. Margrit Kennedy's Essays On Interest and Inflation Free Money
75. ELLEN HODGSON BROWN AND WEB OF DEBT
76. EDWARD FLAHERTY'S PURPORTED DEBUNKING OF JAIKARAN'S STOLEN DEBT VIRUS THESIS
77. REAL OPTIONS OF 'TRADERS,' TRAITORS AND LOOTERS IN THE LAST DAYS OF THE REPUBLIC
78. Has Anyone Ever Disproven Mathematically Perfected Economy™?
79. How Mathematically Perfected Economy™ Solves The Faults Of All Alternate Propositions

"To find the players in all the corruption of the world, 'Follow the money.' To find the captains of world corruption, follow the money all the way."

mike montagne — founder, PEOPLE For Mathematically Perfected Economy™, author/engineer of mathematically perfected economy™ (1979)

 del.icio.us  FaceBook  NewsVine  reddit