Dear Congress: Re: Economic Change

Dear Congress:

To go along with the needed stimulus package, here are a few additional suggestions:

I. Stabilize prices and lower asset inflation. (I guess this year's deflation has taken care of a lot of the asset inflation. Hopefully, it's not too late to stabilize.)

1. Lower borrowing costs across the board.

2. Lower energy costs across the board.

3. Simplify the tax code and make it permanent.

4. Promote the fact that it is an honor and a priviledge to pay taxes. We as Americans are richly blessed. Taxes spent wisely benefit all of us.

5. Eliminate the negative connotations of such things as: taxes, adjustable rate mortgages, corporations, capitalism, derivatives, investment banking, hedge funds, etc. All of these items play a crucial roll in promoting, creating and sustaining economic growth and well-being.

6. Reign in the abuses and greed that have caused our problems, namely:

a. A weak and volatile dollar (substitute any currency). The inflation of oil prices, real estate, gold, grains, etc. have contributed as much as anything to the dire plight that we are in. We need stable and predictable prices.

b. High interest rates.
1. 30 year mortgages should be more stable and targeted near 6%.
2. The interest rates and fees on credit cards, credit advances, etc. should be capped at 10% per annum. There is an incredible amount of abuse by finance companies with their fees and interest rate charges.

c. High oil prices.
1. Tax levies should be used to offset the volatility in oil prices and to provide a revenue source for alternative energy sources.

d. Government might need to become a competitor in all capital markets to help bring accountablility to the abuses of individuals, governments and corporate america.



Greed seems to always be a problem with some individuals, corporate america and governments. The inflationary pressures of the past several years has aggravated this problem, as corporations, individuals and governments have reached for more and more revenues to offset the inflationary impacts.

It is time, first and foremost, for stable prices.