This article appears in the February 12, 2021 issue of Executive Intelligence Review.
LAROUCHE ’S ECONOMICS: ALTERNATIVE TO GREEN NEW DEAL
June 10, 2014
THE FOUR NEW LAWS TO SAVE THE U.S.A. NOW!
Not an Option: An Immediate Necessity
In 2014, Lyndon LaRouche posited that, since the United States under George W. Bush and Barack Obama had done nothing to reverse the collapse of the Hamiltonian, American System of Physical Economy following the breakdown of the monetary system in 2008, these following Four Laws constitute the only means of restoring that American System.
The Available Remedies
The only location for the immediately necessary action which could prevent such an immediate genocide throughout the trans-Atlantic sector of the planet, requires the U.S. Government’s immediate decision to institute four specific, cardinal measures: measures which must be fully consistent with the specific intent of the original U.S. Federal Constitution, as had been specified by U.S. Treasury Secretary Alexander Hamilton while he remained in office:
(1) Immediate re-enactment of the Glass-Steagall law instituted by U.S. President Franklin D. Roosevelt, without modification, as to principle of action.
(2) A return to a system of top-down, and thoroughly defined, National Banking.
The actually tested, successful model to be authorized is that which had been instituted, under the direction of the policies of national banking which had been actually, successfully installed under President Abraham Lincoln’s superseding authority of a currency created by the Presidency of the United States (e.g. “Greenbacks”), as conducted as a national banking-and-credit-system placed under the supervision of the Office of the Treasury Secretary of the United States.
For the present circumstances, all other banking and currency policies, are to be superseded, or, simply, discontinued, as follows. Banks qualifying for operations under this provision, shall be assessed for their proven competence to operate as under the national authority for creating and composing the elements of this essential practice, which had been assigned, as by tradition, to the original office of Secretary of the U.S. Treasury under Alexander Hamilton. This means that the individual states of the United States are under national standards of practice, and, not any among the separate states of our nation.
(3) The purpose of the use of a Federal Credit-system, is to generate high-productivity trends in improvements of employment, with the accompanying intention, to increase the physical-economic productivity, and the standard of living of the persons and households of the United States.
The creation of credit for the now urgently needed increase of the relative quality and quantity of productive employment, must be assured, this time, once more, as was done successfully under President Franklin D. Roosevelt, or by like standards of Federal practice used to create a general economic recovery of the nation, per capita, and for rate of net effects in productivity, and by reliance on the essential human principle, which distinguishes the human personality from the systemic characteristics of the lower forms of life: the net rate of increase of the energy-flux density of effective practice.
This means intrinsically, a thoroughly scientific, rather than a merely mathematical one, and by the related increase of the effective energy-flux density per capita, and for the human population when considered as a whole. The ceaseless increase of the physical-productivity of employment, accompanied by its benefits for the general welfare, are a principle of Federal law which must be a paramount standard of achievement of the nation and the individual.
(4) Adopt a Fusion-Driver ‘Crash Program.’
The essential distinction of man from all lower forms of life, hence, in practice, is that it presents the means for the perfection of the specifically affirmative aims and needs of human individual and social life. Therefore: the subject of man in the process of creation, as an affirmative identification of an affirmative statement of an absolute state of nature, is a permitted form of expression. Principles of nature are either only affirmation, or they could not be affirmatively stated among civilized human minds.