Author: Curt Doolittle

  • ON THE MAINSTREAM’S ECONOMICS OF DECEPTION —MARKO— When you’re having a good

    http://noahpinionblog.blogspot.com/2015/05/department-of-huh-yourself-british.htmlCOMMISERATING ON THE MAINSTREAM’S ECONOMICS OF DECEPTION

    —MARKO—

    When you’re having a good time , sometimes you can chug away on a bottle of hard liquor for a surprisingly long time. Maybe even more than one bottle with even more good times. If you keep at it , however , eventually you’ll stop. You’ll either pass out , or puke , or die , or some combination thereof. There’s no external “shock” involved – this is all endogenous to your drinking “economy”.

    It’s the same with debt as with booze , and with debt , we call the resulting euphoria “increased aggregate demand” and/or “soaring asset prices”. Most consumers in the UK , and in the US , have long since puked or passed out on debt , and are not about to take on much more , and even if they’re willing , they’re often cut off by their elders (lenders).

    The lack of a housing recovery should be a pretty obvious clue , as you need housing debt to finance a housing recovery. The fact that large , luxury homes have been the only segment providing support to new home sales should be a clue about who is “constrained” and who is not.

    The relatively early and quite vigorous recovery in auto sales should also be a clue. Why did auto sales recover so well , compared to housing and other consumer spending ? Because we engineered subprime 2.0 in the auto lending business by exempting dealers from the new consumer lending regs , to the great consternation of Liz Warren. More debt equals more demand for autos , but since incomes haven’t gone up , it also means more eventual defaults from the debt drunks.

    The entire global demand regime has been built on rising leverage instead of on broadly rising incomes , and that regime has now exhausted itself. Uniquely , economists seem unable to grasp this most important , and obvious , fact.

    You guys are just weird.

    Marko

    —CURT—

    Marko:

    Love the ‘drunk’ analogy.

    That economists are unable to grasp this state of affairs is my position as well. Although some of it is institutional bias, the rest is methodological bias: Macro is a correlative method, as opposed to micro, which is a causal method. Keynesian econ studies how much we can ‘lie’ to encourage economic velocity, Austrian econ studies how we can improve our truthful cooperation with one another to encourage economic velocity. You don’t learn much about a correlative and descriptive model, unless you are able to express it as an operational sequence. And to some degree, while this operational description is unnecessary in the physical sciences because we do not know the first principles of the universe, is misapplied for convenient obfuscatory political reasons in to the social sciences where we *do* know the first principles of human decision making – we are each of us an exceptional instrument for testing the rationality of incentives.

    They aren’t weird. They’re incorrectly incentivized, and insufficiently chastised for what technically, is using untested (uncriticized) pseudoscience for the purpose of engaging in deceit, for the purpose of achieving full employment.

    Now, once we get that this is an elaborate system of ‘lying’ not seen since the invention of scriptural monotheism, it’s clear why the ‘cult’ cannot grasp reality.

    That isn’t to say most economists are bad people, any more than priests were and are, bad people. It’s that they bought the nonsense, found a place in the church of the academy, and practice its rituals: correlative non-causal justification of deceit for ostensibly moral ends.

    The truth is enough. Too bad that’s hard to grasp.

    http://noahpinionblog.blogspot.com/2015/05/department-of-huh-yourself-british.html?


    Source date (UTC): 2015-05-14 02:07:00 UTC

  • My Niece Animal House came out my freshman year…. 😉

    http://www.nydailynews.com/news/national/dartmouth-frat-inspired-animal-house-shut-article-1.2216559For My Niece

    Animal House came out my freshman year…. 😉


    Source date (UTC): 2015-05-13 12:42:00 UTC

  • (why are so many ex-pats in Ukraine such douchebags? seriously. i love this coun

    (why are so many ex-pats in Ukraine such douchebags? seriously. i love this country. i love these people. and the next trash talking asshole expat i meet i’m going to punch in the face and piss on. and, yeah. i’m talkin’ to you chicago.)


    Source date (UTC): 2015-05-13 11:48:00 UTC

  • They call for Walter Block’s head, and Hoppe’s head for things that they DIDN’T

    https://diversitychronicle.wordpress.com/2013/11/18/progressive-professor-urges-white-male-students-to-commit-suicide-during-class/Great. They call for Walter Block’s head, and Hoppe’s head for things that they DIDN’T say, and this guy says evil nonsense directly, and we hear crickets.


    Source date (UTC): 2015-05-13 09:47:00 UTC

  • Changing My Mind on Education Reading/Writing: Greek, Latin, English, Programmin

    Changing My Mind on Education

    Reading/Writing: Greek, Latin, English, Programming – the language of machines.

    Testimony/Speaking: Observation, Testimony, Grammar, Rhetoric, Logic

    The Record of Man: Science, Technologies, Politics, Wars, Arts, Myths. (Taught as history)

    Recording: Arithmetic, Accounting, Economics (Taught as History)

    Solving: Algebra, Geometry/Trigonometry, Statistics (calculus). (Taught as History)

    Write every day.(1 hour) Plan your day. Review your day.

    Read every day (1 hour).

    Exercise every day (2 hours)

    Start working as early in life as its possible to find work.

    Un-invent childhood.


    Source date (UTC): 2015-05-13 09:27:00 UTC

  • THE EVOLUTION OF PUNCTUATION. (the economics of writing materials) Um. First, to

    THE EVOLUTION OF PUNCTUATION.

    (the economics of writing materials)

    Um. First, to get a bit of insult out of the way, he isn’t exactly writing about the intersections of complex topics, his PhD is in ‘interdisciplinary studies’. Meaning, it’s the equivalent of a high school diploma. Not much more than a means of fund-raising for weak departments.

    Second, quite the contrary, he DOES use punctuation: ample use of space to mark verbal pauses. In fact, spaces and new lines are all that are necessary for the comprehension of the written word. The comma, apostrophe,

    He should try to write with only spaces as punctuation, in E-prime (eliminating conflation between actor, observer, and experiencer; and eliminating ‘cheating’ conflation defining the existential properties of statements) and then I might take him more seriously.

    If we look at contemporary programming languages (Python) we see the abandonment of punctuation in favor of spaces and line breaks.

    The original reason for punctuation are fairly obvious:

    1) writing materials, people who could write, were originally terribly expensive.

    2) writing was originally limited to very simple and familiar topics, so comprehension was not difficult.

    3) most characters were originally pictographic.

    For these three reasons, writing was dense.

    But a problem arises as writing becomes more complicated, and not just a vehicle for business transactions, and the issuance of laws.

    It had to be able not to record transactions, but to record speech.

    —-”Punctuation is historically an aid to reading aloud.”—-

    —-”The Greeks were sporadically using punctuation marks consisting of vertically arranged dots—usually two (dicolon) or three (tricolon)—in around the 5th century b.c. as an aid in the oral delivery of texts.” —-

    hypostigmḗ – a low punctus on the baseline to mark off a komma (unit smaller than a clause);

    stigmḕ mĂŠsē – a punctus at midheight to mark off a clause (kōlon); and

    stigmḕ teleĂ­a – a high punctus to mark off a sentence (periodos).[6]

    —-”formal written modern English differs subtly from spoken English because not all emphasis and disambiguation is possible to convey in print, even with punctuation.”—-

    In phonetic languages, it is much easier to read volumes of text if there are spaces between the words. The same problem does not exist in pictorial characters which the entire meaning is embedded in the glyph.

    In modern writing, besides assisting in clarifying the text, punctuation makes it somewhat easier to scan rather than read (burdensome) text, so that if a concept is understood, one can easily move to the next. Most of us who read a great deal (for a living), skim the first sentence of paragraphs to search for something we might not already know, rather than burn time and energy on the author’s repetition of the obvious.

    So, the argument against this particular PhD student, (whose protest is noted) is that without punctuation we are trapped in his horridly pedantic narrative without the ability to search through it for valuable content. In that sense it is like having to listen to some idiot babble for twenty minutes before getting to the point. (In other words, like attending most conferences.)

    In high school I felt very frustrated with punctuation because my feeling was very similar to the author’s: a period is obvious, a comma is obvious, and a dash is obvious, and parenthesis are obvious. Paragraphs are not so obvious, and mastering semicolons is something I still wrestle with. But in the end, it’s just an increasing set of pauses to inform the reader how to read out loud.

    But there is nothing ‘colonial’ about punctuation: The greeks used it. And the same technique has remained with us. Because it’s necessary.


    Source date (UTC): 2015-05-13 09:14:00 UTC

  • THE MIDDLE AND LOWER CLASSES CAN ONLY FUNCTION AS MULTIPLIERS In all cultures, t

    THE MIDDLE AND LOWER CLASSES CAN ONLY FUNCTION AS MULTIPLIERS

    In all cultures, the elites generate opportunities, for the lower classes to exploit. If you abandon your upper classes, your upper classes will abandon you. And the people who suffer are not those upper classes. They are the middle and lower classes that are conquered by those groups that maintain group cohesion.

    The middle and lower classes multiply the ideas of their elites.

    Seeking rents (socialism) is not a multiplier. It’s suicide.


    Source date (UTC): 2015-05-13 07:59:00 UTC

  • SOWELL GOT ON BOARD IN 2007: MILITARY COUP

    http://www.propertarianism.com/?s=thomas+sowellTHOMAS SOWELL GOT ON BOARD IN 2007: MILITARY COUP


    Source date (UTC): 2015-05-13 07:55:00 UTC

  • MURRAY GETS ON BOARD – CIVIL DISOBEDIENCE

    http://www.aei.org/multimedia/charles-murray-and-jonah-goldberg-on-civil-disobedience/CHARLES MURRAY GETS ON BOARD – CIVIL DISOBEDIENCE


    Source date (UTC): 2015-05-13 07:49:00 UTC

  • PAPER

    http://www.nber.org/papers/w21142.pdfAWESOME PAPER


    Source date (UTC): 2015-05-13 07:48:00 UTC