Sunday, April 20, 2014

Economic Policies for 2012 U.S. House Candidacy

The Federal Budget
   Balance the budget as soon as possible by reducing military expenditures not essential to our self-defense, abolishing unconstitutional and unsustainable bureaucracies, and enacting balanced-budget legislation.

The Monetary System
   Audit the Federal Reserve annually, permit the production of alternative and competing currencies by individual and private actors as well as local governments, and allow interest rates to be set by the market.

The Tax Code
   Abolish the Internal Revenue Service, repeal all legislation permitting taxation by the federal government (with the exception of import duties and fees), urge the states to repeal their tax legislation, and urge local government to enact taxes on the creation of income disparity.

The Banking Industry
   Support legislation to prohibit affiliation between insured depository institutions and investment banks or securities firms, and strengthen the effects of the Dodd-Frank Act by improving transparency in the Securities and Exchange Commission.

Government-Sponsored Enterprise
   Promote the general welfare over special interests by ending all subsidization, bailouts, restructuring, chartering, and contracting of businesses by the federal government; and urge the governments of the states to do the same.

Consumer Protection
   Abolish the Consumer Financial Protection Bureau, and permit its re-establishment only under conditions of proper ratification of an amendment authorizing its existence and full congressional oversight.

Campaigns and Elections
   Diminish the influence of special interests such as businesses, unions, PACs, and lobbyists on elections by restoring limited government which promotes the general welfare; and restore privity and competition to the electoral system through open-ballot reforms.

Domestic Capital
   Facilitate an influx of foreign and domestic capital investment by reducing and abolishing tariffs (with the exception of importation duties and fees) and federal taxes on all forms of income and investment.

Interstate Commerce
   Reduce the role of the Department of Commerce to permit federal intervention only when states enact tariffs; monopolies, monopsonies, or outright bans on the provision of goods or services; and end welfare and subsidies to large and small businesses alike.

   Phase out and abolish the USDA, eventually eliminating $145 billion from the current annual federal budget. Urge the state and local governments; unions; charity, religious, non-governmental consumer-advocacy and consumer-safety organizations; and private enterprises to increase their provision of USDA-type services and benefits during the process of transition away from the current system of centralized federal regulation of the provision of agriculture, natural resources management, rural development, nutrition, and food safety services.

   Abolish the Department of Transportation, allow state and local governments to take up the administration of its functions, allow the privatization of Amtrak, and support the transition of the functions of the T.S.A. to private and local-government agencies.

   Abolish the Department of Energy, allow state and local governments to take up the administration of its functions, and advocate for local governments to have the primary role in making decisions regarding exploration for energy sources.

Global Trade
   End U.S. Membership in the W.T.O. and N.A.F.T.A., allow the reduction of tariffs on foreign goods and services independently of those agencies, and facilitate compromise between freedom and fairness of trade based on the subjective values of foreign sovereigns.

Written in January 2012
Originally published January 18th, 2012
Text originally appeared at

For more entries on banking, the treasury, currency, inflation, and business, please visit:

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1 comment:

  1. Thank you for sharing the insight! Your article is very helpful and informative. I would like to read more updates from you.

    Tax Specialist