Author: Curt Doolittle

  • BANKING: CREDIT UNIONS ARE GOOD. BIG BANKS ARE BAD. AND WHY Banking is a means o

    BANKING: CREDIT UNIONS ARE GOOD. BIG BANKS ARE BAD. AND WHY

    Banking is a means of allowing people with disparate knowledge, means, goals to cooperate by concentrating their capital and cross-insuring each other. Banking is a GOOD BUSINESS for society and society as we understand it is not possible without banking.

    Now, when you get service charges, this is just charging you for the costs you put onto the bank. THis is a GOOD IDEA because otherwise people who do a lot of bank work force people who don’t to pay all oft of costs. That would be an involuntary transfer. That’s bad. It’s stealing.

    The problem occurrs when the state starts putting funny money into banks and creating a ‘hazard’ by doing so. They allow banks to make risky loans. and those risky loans increase consumption at the expense of creating a fragile economy.

    The argument that Keynesians make, is that we get more good out of that fragility than we do bad.

    And that’s not a truth. It’s a matter of preference.

    And the people who would prefer not to have booms and busts that are caused by the government, because they take risks because the cost of money is cheap, and the pricing information that they see around them is distorted. Then the rug is pulled under them by the fragility and it all comes crashing down into a recession and depression.

    Credit unions are good things.

    Use them.

    Big banks are for conducting war. That’s why we have them. thats where they came from. that’s what they do.


    Source date (UTC): 2013-01-22 07:56:00 UTC

  • IS A LIBERAL? (Seriously) 1) Liberalism: The democratic republican model of poli

    http://en.wikipedia.org/wiki/LiberalismWHAT IS A LIBERAL?

    (Seriously)

    1) Liberalism: The democratic republican model of political institutions that arose out of the enlightenment – Locke ( http://en.wikipedia.org/wiki/Liberalism ) Free Markets, Private Property, Enfranchisement of the middle class. This is the pleasant definition. It could also be defined as the ideology that justified the seizure of political power, and political institutions by the middle class, as trade expanded, wealth expanded, and therefore the economic power of the landed, agrarian, aristocracy was dramatically reduced.

    HISTORY

    During the 1800’s In reaction to the industrial revolution, the lower classes became consumers, and sought and were enfranchised because of the labor, communist and socialist movements, and the introduction of women into the voting and work force.

    The ‘Liberal’ movement broke into two branches. a) “Classical Liberal”, which favored limited government, and as such was ‘conservative’ and b) “Social Democrat” which incorporated the ideas of the socialists and communists and favored a mixed economy that combined the state and private property, and as such was ‘progressive’.

    While technically speaking a ‘liberal’ means a ‘classical liberal’, and therefore a ‘conservative’ the left intellectuals intentionally adopted and promoted adoption of the term ‘liberal’ as a self-identifier in order to use a term that was more tolerable than ‘socialism’ and ‘communism’ which were not acceptable in the united states. In Europe, where states are smaller and more homogenous, and where there is a history of aristocracy, these terms, especially post-war, are not seen as negatively, and “liberal’ maintains it’s original meaning – the opposite of how its used in the United States. And this is both a source of humor to intellectuals and confusion to average people.

    Today, a “liberal” means a “social democrat”. But what does a “social democrat” mean? To understand that requires we understand Aristocratic Manorialism, Liberalism, communism and socialism.

    MODELS

    1) Aristocratic Manorialism, is the ownership of property by the aristocracy, and this property is then rented out to everyone else to work on, and farm, or build shops.

    2) Liberalism is the individual ownership of property by individual farmers, craftsmen and merchants.

    3) Socialism is the ownership of property by the state, and individuals are directed by central planners to do the work that is planned for them. Of course, this led to black markets, poverty, dictatorship, and the death of 100M people. Socialism was the greatest tragedy ever to befall human beings.

    4) Communism is the theory that after enough socialism, private property will disappear because it will, supposedly, become unnecessary.

    Unfortunately what we found out is that money, prices, and private property are necessary both to make use of dispersed knowledge, to make use of it in real time, and to provide people with the abilty to make plans, and for people to possess the incentives to make plans. The whole world has adopted capitalism (private property, money, and prices) for these reasons.

    5) Social democracy is the ownership of property by the state, which is then lent out to people for use as private property. Then people are allowed to keep some portion of the income themselves, and the rest is captured by the state in the form of taxes for use by the state. This model then maintains the money, prices, incentives of classical liberal private property, and does not fall into the problem of the impossibility of planning and the impossibility of the incentive to work, but it’s still possible to take money from people after they have produced it.

    Social democracy is a solution to the necessity of capitalism in order to get people to produce, while maintaining the ability of the state to sieze and use or redistribute the profits from production. It is the dominant model in the world.

    Today, conservatives (classical liberals) and progressives (liberals) compete to determine the amount of individualism or socialism that we will have.

    But why do we hold these different opinions? That’s pretty interesting.

    WHERE DOES IT COME FROM?

    To put these political movements in perspective: Just as the classical liberal model is the ideology that justifies the seizure of power by the middle class from the aristocracy, communism and socialism are the ideologies that justify the seizure of power by the lower classes from the middle class.

    Social democracy is a means by which the clerical classes (administrative, educational) can compete for status with the entrepreneurial classes. The military class has been all but ostracized from power since the 1960’s – something unique in history. To maintain power, any set of elites, whether clerical, commercial/entrepreneurial, or military, must have widespread support of the common people.

    As we have moved from a civilization of farmers, craftsmen and merchants, all of whom are individual producers and small business people, to a world where most of us work in government bureaucracy or clerical functions in large corporations, or clerical functions in universities, the number of people who actively participate in the commercial economy by taking personal risks with their own capital, has dramatically declined. But in the aggregate, this change in what we do for a living is actually driven more by the introduction of women into the dominance of clerical labor, and the voting pool than any other factor. Women lean and vote progressive and men lean and vote conservative, and single women vote heavily progressive, and single unmarried women vote almost entirely progressively. And what has happened since 1960, is a dramatic increase in single women due to delayed marriage, and single mothers due to the dissolution of the family.

    WHY DO WE VOTE THIS WAY?

    Now, the question arises as to why affluent educated but non-entrepreneurial people appear to adopt Social Democrat values in college, and why some people positively have this progressive bias. And it turns out that there are at least three factors.

    The first appears to be genetic, in that the individual’s moral code is very narrow, and treats care-taking and protection from harm as the highest, and only moral mandate. (See Jonathan Haidt). Whereas conservatives have five or six moral mandates that they adhere to fairly equally.

    The second is signaling (demonstrating your social status), where the educated in the country, whose status comes from education, but who do not gain status as business owners, business leaders or capitalists, signal their ‘high mindedness’ as a means of gaining status.

    The third is an intellectual view of mankind that has extraordinary faith in humans and the technology of human beings, to solve all the world’s problems ‘if we just put our minds to it’. (Conservatives just see this as an illusion that is the product of ‘False Consensus Bias’. And it may be that this is the underlying cause – the female tendency to desire consensus and the male desire to be attractive to women by signaling similar concerns.)

    GENES

    We are not entirely sure which of these is more influential. But what we do know is that the political affiliations are highly dependent upon gender. And that people are highly attracted to political affiliation for both gender and genetic reasons. (See Pew Research’s excellent collection of graphs and data.)

    In simple terms, socialism and individualism reflect the mating and reproductive strategies of the genders. And it certainly appears from the data we’ve collected that people vote for their moral codes and their moral codes reflect their reproductive strategies in any given economy at any given time. And therefore the result of our political debates is driven almost entirely by our reproductive strategies. (Which to those of us in political theory, is pretty funny, or pretty frustrating.)

    It’s all demographics and our shouting is meaningless. Elections are decided by the 10-15% of people who don’t care. The rest of us are committed to our polarized ideologies. WHat whil happen over the next few decades is that protestant european culture will continue to vote conservative, while the immigrant populations, the underclasses, and single women and the educational and political sectors will continue to vote progressive.

    Conservatives breed, and liberals dont, but the less individualistic minorities breed fast enough to keep up with the decline in liberal births.

    Thanks

    Curt Doolittle


    Source date (UTC): 2013-01-22 07:52:00 UTC

  • SHOOTERS ARE ALL LIBERALS? (is this true?)

    SHOOTERS ARE ALL LIBERALS?

    (is this true?)


    Source date (UTC): 2013-01-22 06:22:00 UTC

  • I NEED A “FIX” OF PFS FRIENDS We really need a purely casual ‘off season’ meetin

    I NEED A “FIX” OF PFS FRIENDS

    We really need a purely casual ‘off season’ meeting somewhere. A year is too long to last between visits.


    Source date (UTC): 2013-01-21 13:10:00 UTC

  • BANKING: DEATH BY COMPUTER : RESURRECTION BY CREDIT UNION My family has been in

    BANKING: DEATH BY COMPUTER : RESURRECTION BY CREDIT UNION

    My family has been in banking for generations. It is a very good business. For most of history, you could talk to a banker. A banker was like your accountant, lawyer, or priest: he gave you advice and counsel and worked with you. They were reasonably educated people with decision making authority.

    The advent of computers made it possible, and competitive to centralize banking, turn to statistics that measured and compared statistics about what you did WITHOUT the advice and help of a banker to learn about money, interest and credit, instead of PROVIDING you with the advice about what to do with money, interest and credit.

    This created a lot of asymmetry of knowledge in the population. People got more ignorant and became statistical objects rather than members of a portfolio of relationships that banks built.

    Starting in the 1970’s when the USA instituted the petro-dollar, or using the US Dollar as the world currency for buying oil, the USA has been issuing cheap credit both home and abroad.

    The impact on banking has been that the government is essentially insuring increasingly ignorant consumers with cheap credit, who increasingly get unconsciously into debt, and increasingly into default, rather than building knowledgeable consumers of credit and producers of interest.

    community banks, and in particular, credit unions, are more than just a ‘nice thing’ for consumers. They can rebuild our society by removing the asymmetry of knowledge that lets banks prey upon ignorant consumers and sell them into predatory debt.

    Community credit unions are how all consumer credit should be done, even if we have to legislate it. Because big banks are just part of the government. They are part of the century long credit scam that has made us all slaves.

    Why are we slaves? How do you become a US Citizen? You get a driver’s license, a credit card, a loan for a car, and a loan for a house, and now you are controlled by credit, not by moral code, not by cultural norms, not by laws, but by credit. You are a credit slave. And that might not be bad if it works. But for an absurd number of people, they fail at the card, or the car or the house and become indentured servants. SO it is not so much that those of us who succeed do. It’s that we are advocates for a system that creates a permanent and dependent underclass.

    Credit is citizenship and the lack of it makes you a serf.

    And only community banks can provide advice and counsel. We force people into schools so that they don’t become ‘scoundrels’ that we must support through charity. Why is it that we use credit to create a lower class of people ostracized from the system purely out of ignorance? Why is it that we put almost ten percent of our people into prison for minor drug charges, and therefore guarantee they are dependent upon the rest of us to support them, and if not, lead lives of dependence and crime?

    Now I understand that very few ordinary people can tell whether what I’m explaining here is more or less true than any other explanation that they’ve heard. And all I can do is hope that it makes more sense than some conspiracy theory does.

    We may have the best of intentions. But the road to poverty is very often paved with the best intentions. And the road to social fragmentation has been, with certainty, paved with good, but foolish intentions.


    Source date (UTC): 2013-01-21 12:29:00 UTC

  • QUOTE OF THE DAY “Ugh, the c-word: consensus. Science does not work that way. Wh

    QUOTE OF THE DAY

    “Ugh, the c-word: consensus. Science does not work that way. What is the ‘consensus’ on the necessity of state?” – Paul Vahur

    (Almost fell off my chair 🙂


    Source date (UTC): 2013-01-21 12:11:00 UTC

  • OBTAINING PRIVATE PROPERTY AT A DISCOUNT Any attempt to obtain the institution o

    OBTAINING PRIVATE PROPERTY AT A DISCOUNT

    Any attempt to obtain the institution of private property by argument rather than by violence is merely an attempt to obtain private property at a discount.

    I would go so far as that it is an act of fraud: an attempt to obtain the right of private property at a discount by means of argument, while requesting an involuntary transfer of communal property rights by depriving others of their communal property rights so that we may possess private property rights on our own.

    At best we buy those rights with a promise of cheaper goods and more pacifist life from those who would begrudgingly surrender their communal property rights in exchange for private property rights.

    And at best, those who favor communal property will fail to breach their contract and restore communal property rights – a claim on our property – as soon as they can find a way to do so.

    The majority of humans prefer the institution of communal property. They demonstrate that they do. They may demonstrate that they prefer the market for goods and services provided by private property. But they do not prefer the responsibilities they must bear in exchange for private property.

    Private property is the product of violence and the willingness to use violence.


    Source date (UTC): 2013-01-21 11:29:00 UTC

  • LIBERTARIANISM IN THE MARTIAL CLASS My family has been in the martial class for

    LIBERTARIANISM IN THE MARTIAL CLASS

    My family has been in the martial class for all of recorded history. There is little if any mention of the family without military rank.

    The source of liberty – the Aristocratic Egalitarian Ethic – is a martial ethic. A martial ethic of meritocratic enfranchisement that expanded into the middle class during manorialism, and the middle class into aristocratic status during the late middle ages, and into the enlightenment.

    The source of liberty, and therefore the source of private property, is violence.

    We pay for the institution of private property by forgoing opportunities for violence.

    We institute a monopolistic definition of property as private property by the application of violence.

    That is our monopoly. That is what any portfolio of property rights is: a monopoly on the definition of property within a geography. We refer to this set of property rights as ‘culture’ and we may institutionalize that portfolio as ‘law’ and administer it by ‘government’. But it is a monopoly on property rights and obligations.

    The source of private property is violence. It must be violence. It may be, for limited time periods, bribery: that we purchase private property rights from those who prefer communal property portfolios, by granting them access to the market where they can obtain what they could not otherwise, in exchange for profiting ourselves from that market by their participation.

    But any argument that private property was the not product of the application of violence, or any argument that suggests that we can maintain private property without the application of violence is either an error, an act of ignorance, an act of foolishness, or an elaborate deception.

    Private property is the desire of the minority. It was, and is, instituted and maintained by the application of violence, just as any monopolistic definition of property rights is instituted.


    Source date (UTC): 2013-01-21 11:26:00 UTC

  • I TRY NOT TO SHARE SENTIMENTAL ARGUMENTATION I’d rather argue at the other end o

    I TRY NOT TO SHARE SENTIMENTAL ARGUMENTATION

    I’d rather argue at the other end of the intellectual spectrum. But this image is so good that I have to share it on my timeline.


    Source date (UTC): 2013-01-21 11:04:00 UTC

  • FACEBOOK NEEDS TO SAVE DRAFTS IF IT”S GOING TO CRASH ALL THE TIME (argh)

    FACEBOOK NEEDS TO SAVE DRAFTS IF IT”S GOING TO CRASH ALL THE TIME

    (argh)


    Source date (UTC): 2013-01-21 10:57:00 UTC