Thus, the American Revolution began with an honest demand to take control of monetary policy.
Article 1 Section 8 of the United States Constitution clearly identifies the sovereignty of government over monetary policy—and forms the foundation of the “American System” of political economy.
Today in Alaska, we live in a time when budgets are cut and the Permanent Fund Dividend is cut, Wall Street oil companies pay below “world average government take,” and personal taxation is offered as the primary solution to fix our fiscal policy issues—while monetary policy is completely excluded from all official political conversations.
Excluding discussions of money and banking is one of the keys to maintaining the power of Wall Street over Alaska and our politicians are either too ignorant or ideologically committed to the ideologies of Wall Street to represent the economic interests of Alaskans.
Successful economies around the world have financial credit guidance policies that direct new money creation away from asset price speculation and towards infrastructure, science, technology, productive capacity, productivity, and education.
The big Wall Street banks who are only truly interested in predatory gambling say state governments should not have the power to shift budgetary functions over into monetary policy; and sadly, many of Alaska’s currently elected politicians agree.
I say, now is the time to stand up to these Alaska Wall Street politicians and demand no budget cuts, no PFD cuts, no personal taxation and instead create the ability to follow in the footsteps of Benjamin Franklin.
Click “like” here and go to the Alaska State Bank Advocate Facebook page and give some “likes” and participate in some great conversations. Wall Street does not own Alaska.
