Monday, May 15, 1989

Laffer tends the colonies.

Arthur B. Laffer has been retained by the Alaska Senate for the purpose of acting as an economic adviser. Alaskans must decide whether to take the advice of someone who accurately describes himself as a supply-sided, neoclassical, global monetarist, British System economist.

The underlying assumptions in the British System of political economy, promoted by Lord Shelburne, were designed specifically for the purpose of protecting the interests of the British Empire and the oligarchy sitting behind international finance.

The underlying assumptions in the American system of political economy, reasserted by President Lincoln, were designed specifically for the purpose of creating allied, sovereign nation-state republics. Republics with a common fundamental interest in mutual fostering of high rates of technological progress in developing the productive powers and conditions of life and culture of their populations.

This fundamental conflict in definition of state interests is what prevents all British System economists, like Arthur B. Laffer, from supporting industrial science policy, especially when that science policy requires or causes the creation of new financial institutions.

Alaskans must make the choice between being the colonists of an empire or the citizens of a republic. The physics equations of the American system point directly toward the universal applications of very high energy-flux-density plasma processes for Alaskan development. May God be with you in your decision.

Charles E. Duncan