Again, this week in the news items we have more of the same, only more so. We know we sound like a broken record (obscure cultural allusion; “records” used to “break” in a way that would cause them to keep repeating the same phrase or notes over and over), but the only way we see out of the dilemma is to adopt the Economic Democracy Act:
• Consumer Debt Crisis. The current millennial challenge of struggling with credit card debt hardly qualifies as a new news item, as it has been an ongoing problem since the closing of the nineteenth century. The credit union movement started at that time because many wage earners had trouble connecting income and expenditures as well as meeting sudden emergency expenditures. After World War II, consumer credit changed from an emergency measure to a usual thing — which saved Keynesian economics by artificially generating consumer demand to keep the economy running to make up for withdrawing demand by urging “saving” to provide investment capital. All of this could be resolved by adopting the Economic Democracy Act which — among other things — would increase consumer income and balance supply and demand by restoring Say’s Law of Markets.
• The Weak Dollar and Economic Growth. Ignore the fact that we keep getting told at one and the same time the economy is booming, and the economy is weak. According to Reuters, the U.S. economy is weak, explaining why the U.S. Dollar is weak. Of course, if you view currency as a means of measuring value instead of controlling the economy, this is like saying the inch has gotten shorter, or the mile isn’t as long as it was yesterday. Adopting the Economic Democracy Act and returning money to its original purpose as a stable medium of exchange would do a great deal to correct this problem, but none of the powers-that-be seem to be considering it.
• A Bit of the Bigger Fool Theory. Crypto currencies like the Bitcoin are once again on the rise after a bit of a stall a few months ago. This is somehow viewed as a good thing, although why a virtual commodity that has no value in and of itself should be a good thing under any conditions remains a complete mystery. It seems to be an instance of the Bigger Fool Theory. If you want to make money with something of little or no value, find someone dumber than you to buy it from you. Of course, getting rid of all this nonsense and adopting the Economic Democracy Act would resolve this situation, but — again — none of the powers-that-be seem to be considering it.
• The Experts Know . . . Nothing. Experts at the Federal Reserve are now saying they don’t know what they should do to bring the Jubilee and the perfect economy through implementation of failed Keynesian prescriptions. Now they’re saying they don’t know whether they will be “tightening” again, meaning they might raise interest rates, and they might not. The idea that the market might do a better job of setting the value of money or anything else than a bunch of experts living off the public teat. One way of doing that is to adopt the Economic Democracy Act, but that means the experts and the politicians will have to give up some of their power and turn it back to the people.
• Polish Paradox. According to reports, “Governor Adam Glapinski [of the Polish National Bank] said fiscal and regulatory policy risks have markedly increased, making further easing in price pressures uncertain. A day earlier, the central bank unexpectedly kept rates unchanged after two consecutive months of easing.” What this means in English is that the new government is doubtful about being able to control the economy. This would be moot if they would adopt the Economic Democracy Act and a stable economy would run itself instead of being second-guessed by bureaucrats.
• Greater Reset “Book Trailers”. We have produced two ninety-second “Book Trailers” for distribution (by whoever wants to distribute them), essentially minute and a half commercials for The Greater Reset. There are two versions of the videos, one for “general audiences” and the other for “Catholic audiences”. Take your pick.
• The Greater Reset. CESJ’s new book by members of CESJ’s core group, The Greater Reset: Reclaiming Personal Sovereignty Under Natural Law is, of course, available from the publisher, TAN Books, an imprint of Saint Benedict Press, and has already gotten a top review on that website. It can also be obtained from Barnes and Noble, as well as Amazon, or by special order from your local “bricks and mortar” bookstore. The Greater Reset is the only book of which we’re aware on “the Great Reset” that presents an alternative instead of simply warning of the dangers inherent in a proposal that is contrary to natural law. It describes reality, rather than a Keynesian fantasy world. Please note that The Greater Reset is NOT a CESJ publication as such, and enquiries about quantity discounts and wholesale orders for resale must be sent to the publisher, Saint Benedict Press, NOT to CESJ.
• Economic Personalism Landing Page. A landing page for CESJ’s latest publication, Economic Personalism: Property, Power and Justice for Every Person, has been created and can be accessed by clicking on this link. Everyone is encouraged to visit the page and send the link out to their networks.
• Economic Personalism. When you purchase a copy of Economic Personalism: Property, Power and Justice for Every Person, be sure you post a review after you’ve read it. It is available on both Amazon and Barnes and Noble at the cover price of $10 per copy. You can also download the free copy in .pdf available from the CESJ website. If you’d like to order in bulk (i.e., ten or more copies) at the wholesale price, send an email to firstname.lastname@example.org for details. CESJ members get a $2 rebate per copy on submission of proof of purchase. Wholesale case lots of 52 copies are available at $350, plus shipping (whole case lots ONLY). Prices are in U.S. dollars.
• Sensus Fidelium Videos, Update. CESJ’s series of videos for Sensus Fidelium are doing very well, with over 155,000 total views. The latest Sensus Fidelium video is “The Five Levers of Change.” The video is part of the series on the book, Economic Personalism. The latest completed series on “the Great Reset” can be found on the “Playlist” for the series. The previous series of sixteen videos on socialism is available by clicking on the link: “Socialism, Modernism, and the New Age,” along with some book reviews and other selected topics. For “interfaith” presentations to a Catholic audience they’ve proved to be popular, edging up to 150,000 views to date. They aren’t really “Just Third Way videos,” but they do incorporate a Just Third Way perspective. You can access the playlist for the entire series. The point of the videos is to explain how socialism and socialist assumptions got such a stranglehold on the understanding of the role of the State and thus the interpretation of Catholic social teaching, and even the way non-Catholics and even non-Christians understand the roles of Church, State, and Family, and the human persons place in society.
Those are the happenings for this week, at least those that we know about. If you have an accomplishment that you think should be listed, send us a note about it at mgreaney [at] cesj [dot] org, and well see that it gets into the next “issue.” Due to imprudent and intemperate language on the part of some commentators, we removed temptation and disabled comments.