I do too, although I don't necessarily understand the plank regarding cannibis, and how this somehow ties into the economic revitalization of our economy. I do agree that the entire war on drugs is a farce, and should be left to the several States.
On Sat, Nov 12, 2016 at 10:19 AM, geoffrey theist <[email protected]> wrote: > I agree > > On Nov 12, 2016 7:33 AM, "MJ" <[email protected]> wrote: > >> >> >> >> *7 Things Trump Must Do *[*Originally published July 17, 2016. This >> letter was published during the campaign by Joseph Salerno, Mark Thornton >> and 25 other economists.*] >> >> >> *An Open Letter to Donald Trump *We the undersigned urge you, the >> presumptive Republican nominee for President, to support a rebirth of >> free-market capitalism in the U.S. You have said repeatedly that you want >> to make America great again. We agree with you. And we assert that the most >> effective way to start that process would be to affirm your principled >> support for economic liberty, for open and competitive markets, and for a >> foreign policy that rejects both protectionism at home and interventionism >> abroad. >> >> Over the last two decades especially, the U.S. economy has been saddled >> increasingly with burdensome government rules and regulations that stifle >> innovation and retard economic growth. Some of the more obvious examples >> are the massive command and control system put in place under the >> Affordable Care Act (ACA); the enactment of purposely mislabeled “free >> trade” agreements (such as NAFTA) that actually have harmed some U.S. >> businesses and destroyed jobs while subsidizing other politically connected >> firms; the failed so-called “War on Drugs” which wastes private and public >> resources and contributes to rising violent crime rates; and the expansion >> of inefficient and rights-violating environmental regulations that have >> hampered productivity and increased the overall cost of doing business; >> and, finally, the pursuit by the Federal Reserve of a pernicious >> decade-long low-interest rate monetary policy which has (again) created a >> massive speculative bubble in housing and on Wall Street … that is sure to >> end badly. >> >> As a successful businessman, you must understand that these harmful >> economic policies of the past must be changed by the next president and >> Congress if the U.S. is to continue to remain efficient and prosperous. And >> you also must understand that the key to any economic rebirth in the U.S. >> is *not *old-fashioned Keynesian deficit spending, quantitative easing >> by the Fed, or the enactment of higher minimum wage laws. The key to any >> sustained economic recovery is the legal protection of private property >> rights and the adoption of free markets where entrepreneurs, alert to price >> and profit signals, guide scarce resources into their most productive use. >> Below we suggest a concise list of first-order public policy changes that >> could set the early agenda for your new administration: >> >> *First, the Affordable Care Act should be repealed in its entirety* and, >> as you have already pointed out, any prohibition on interstate competition >> in health insurance also should be repealed. Health care and health care >> insurance should be left to the market. >> >> *Second, all recent thousand-page international trade agreements should >> be replaced* with a single, clearly worded *paragraph* that allows any >> U.S. business (or consumer) to trade with any other business (or consumer) >> anywhere else in the world on terms that are mutually satisfactory. Period. >> >> *Third, you or the Congress should immediately remove cannabis >> (marijuana) from its current Schedule One prohibition status under Federal >> law*; cannabis and drug policy generally should be left entirely to the >> states. (Ideally the entire Drug War should be scrapped and the production >> and consumption by adults of any “drug” should be legalized.) >> >> *Fourth, the federal minimum wage should either be permanently fixed at >> its current rate or reduced; legally minimum wages should be left entirely >> to the states*. (Ideally, all minimum wage laws should be repealed since >> they cause job destruction.) >> >> *Fifth, the U.S. corporate tax rate should be reduced* so that it is the >> lowest (not the highest) in the industrial world; ideally, it should be >> repealed entirely because it constitutes double taxation on shareholders of >> corporations who also pay income tax on their dividends. >> >> *Sixth, the Federal Reserve should be required by law to end all forms of >> quantitative easing and interest rate regulation* now accomplished >> primarily through open market operations; interest rates for savers and >> investors should be market determined. In addition, the Federal Reserve’s >> budget should be determined by Congressional appropriations like that of >> any other federal department or agency. >> >> And finally, as a long-run solution for our recurring financial problems >> and economic recessions, replacing the current inflationary paper dollar >> with alternative monetary arrangements that provide for a sound, >> market-based commodity money, such as *the gold standard, should be >> seriously considered*. >> >> There will be Democratic as well as (some) Republican opposition to these >> changes. Count on it. But your job will be to hold fast to basic principles >> and persuade the opposition that long lines at airport security and rising >> health care costs are based on economic ideas that are totally misguided. >> Socialism and progressivism and crony capitalism have failed miserably. >> >> We need common sense capitalism and you now have a clear mandate to >> initiate its rebirth. >> >> >> *Sincerely, *Joseph T. Salerno, Pace University >> Mark Thornton, Auburn University >> Henry Thompson, Auburn University >> Jo Ann Cavallo, Columbia University >> Dominick T. Armentano, University of Hartford >> Christopher Westley, Florida Gulf Coast University >> Murray Sabrin, Ramapo College of New Jersey >> Thomas Tacker, Embry-Riddle Aeronautical University >> Peter M. Kerr, Southeast Missouri State University >> Thomas DiLorenzo, Loyola University Maryland >> Marshall DeRosa, Florida Atlantic University >> Walter Block, Loyola University New Orleans >> Robert Batemarco, Fordham University >> Samuel Bostaph, University of Dallas >> Paul A. Cleveland, Birmingham-Southern College >> Peter G. Klein, Baylor University >> Thomas L. Wenck, Michigan State University >> John B. Egger, Towson University >> Douglas Butler, Texas Christian University >> William N. Butos, Trinity College >> Paul Prentice, Colorado Technical University >> Butler Shaffer, Southwestern University Law School >> Judd Patton, Bellevue University >> Paul Gottfried, Elizabethtown College >> Jim Cox, Georgia Perimeter College >> Roger Clites, Tusculum College >> Bruce Koerber, Divine Economy Consulting >> >> https://mises.org/blog/7-things-trump-must-do >> >> -- >> -- >> Thanks for being part of "PoliticalForum" at Google Groups. >> For options & help see http://groups.google.com/group/PoliticalForum >> >> * Visit our other community at http://www.PoliticalForum.com/ >> * It's active and moderated. Register and vote in our polls. >> * Read the latest breaking news, and more. >> >> --- >> You received this message because you are subscribed to the Google Groups >> "PoliticalForum" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to [email protected]. >> For more options, visit https://groups.google.com/d/optout. >> > -- > -- > Thanks for being part of "PoliticalForum" at Google Groups. > For options & help see http://groups.google.com/group/PoliticalForum > > * Visit our other community at http://www.PoliticalForum.com/ > * It's active and moderated. Register and vote in our polls. > * Read the latest breaking news, and more. > > --- > You received this message because you are subscribed to the Google Groups > "PoliticalForum" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > For more options, visit https://groups.google.com/d/optout. > -- -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. --- You received this message because you are subscribed to the Google Groups "PoliticalForum" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
