Author: Curt Doolittle

  • FOR THE NEXT BUBBLE TO BURST? “Facebook will become the poster child for the cur

    http://www.marketwatch.com/story/the-real-crash-is-dead-ahead-as-2008-is-forgotten-2012-07-31READY FOR THE NEXT BUBBLE TO BURST?

    “Facebook will become the poster child for the current social-media bubble, ..just as Pets.com was for the dot-com bubble.” – Economist Gary Shilling in his latest Forbes column.

    “Wall Street is repeating the 2000 dot-com crash as today’s social-media bubble crashes and burns.”

    – TOLD YA’ SO –

    And when I said in 2007, that the crash would be structural, would last through 2014, and that we’d have a brief respite before the boomer crash hit somewhere around 2017-2020, I got so much crap for it from every corner. But economics is driven by demographics. It’s a function of human capital. Plain and simple. The composition of your population matters. And the metrics of the postwar era are fanciful products of accidental circumstance not to be repeated – not the product of policy.


    Source date (UTC): 2012-08-01 02:23:00 UTC

  • Justice Scalia Explains Textualism And Originalism Without Explaining WHY We Must Rely Upon Them.

    Scalia is a bit of a personal hero. I adore his clarity.

    He appeared on Fox the other day, and explained Textualism and Originalism. (See wiki.) But I was frustrated that he kept stating what he believed, and how these things SHOULD be interpreted, but now WHY they should be interpreted that way. Now, I’m sure that’s because it’s obvious as the summer sun to him. But to the average person, it isn’t. The reason we should (and a new constitution should mandate) that we apply the original meaning to the precise text, is to prevent the court from circumventing the legislative process and effectively writing new law without the legislative process. Further, it prevents creative destruction of the constitution through reinterpretation, rather than legislation. And emphasis on originalism forces lawmakers to write clearer laws. The constitution contains a process by which it can be modified. That process achieves it’s goals. But our nation has been lost through the reinterpretation and creative expansion of the law via the courts, where the majority would not have approved such laws had they been subject to the constitutional amendment process. Any law that would modify the original intent of the constittuion, and the text, should be subject to the requrement that the amendment process be followed. This violates the democratic socialist secular humanist proposition, that the legislature, endowed by the people with power, can enact any law that they wish. Of course, this makes no sense, because, that is the very meaning of the ‘rule of law’: limits on what laws can be enacted. And it assumes, incorrectly, that we are wiser than we are.

  • Justice Scalia Explains Textualism And Originalism Without Explaining WHY We Must Rely Upon Them.

    Scalia is a bit of a personal hero. I adore his clarity.

    He appeared on Fox the other day, and explained Textualism and Originalism. (See wiki.) But I was frustrated that he kept stating what he believed, and how these things SHOULD be interpreted, but now WHY they should be interpreted that way. Now, I’m sure that’s because it’s obvious as the summer sun to him. But to the average person, it isn’t. The reason we should (and a new constitution should mandate) that we apply the original meaning to the precise text, is to prevent the court from circumventing the legislative process and effectively writing new law without the legislative process. Further, it prevents creative destruction of the constitution through reinterpretation, rather than legislation. And emphasis on originalism forces lawmakers to write clearer laws. The constitution contains a process by which it can be modified. That process achieves it’s goals. But our nation has been lost through the reinterpretation and creative expansion of the law via the courts, where the majority would not have approved such laws had they been subject to the constitutional amendment process. Any law that would modify the original intent of the constittuion, and the text, should be subject to the requrement that the amendment process be followed. This violates the democratic socialist secular humanist proposition, that the legislature, endowed by the people with power, can enact any law that they wish. Of course, this makes no sense, because, that is the very meaning of the ‘rule of law’: limits on what laws can be enacted. And it assumes, incorrectly, that we are wiser than we are.

  • It’s hysterical that Boeing just uses trucks to haul these giant sections of air

    It’s hysterical that Boeing just uses trucks to haul these giant sections of aircraft up I5 through Seattle traffic like its today’s produce headed to market. Incongruous.


    Source date (UTC): 2012-07-31 13:10:00 UTC

  • GROWNUP ANALYSIS OF OBAMA VS ROMNEY FOREIGN POLICY (In plain language. Accurate.

    http://www.stratfor.com/weekly/election-presidency-and-foreign-policyA GROWNUP ANALYSIS OF OBAMA VS ROMNEY FOREIGN POLICY

    (In plain language. Accurate. With a reminder of the intentional weakness of the American presidency.)


    Source date (UTC): 2012-07-31 10:10:00 UTC

  • NATURE OF EUROPEAN EXPORTS

    http://www.law.uchicago.edu/audio/bradford011812THE NATURE OF EUROPEAN EXPORTS


    Source date (UTC): 2012-07-31 01:40:00 UTC

  • Major Concepts In Economics: What Is Malinvestment?

    J.C. Hewitt’s answer is correct. The Austrian School of Economics invented the term (I think) and they focus on Monetary Policy, where malinvestment means credit is too cheap, and prices are distorted by cheap credit, and the pricing system cannot signal entrepreneurs how to appropriately invest. Thus, they invest poorly. 

    The term has evolved to be used in a more colloquial sense where  malinvestment can be accomplished through:In other words, it can represent any action by the government that distorts the some segment of the economy, including but not limited to cheap credit.

    https://www.quora.com/Major-Concepts-in-Economics-What-is-malinvestment

  • Major Concepts In Economics: What Is Malinvestment?

    J.C. Hewitt’s answer is correct. The Austrian School of Economics invented the term (I think) and they focus on Monetary Policy, where malinvestment means credit is too cheap, and prices are distorted by cheap credit, and the pricing system cannot signal entrepreneurs how to appropriately invest. Thus, they invest poorly. 

    The term has evolved to be used in a more colloquial sense where  malinvestment can be accomplished through:In other words, it can represent any action by the government that distorts the some segment of the economy, including but not limited to cheap credit.

    https://www.quora.com/Major-Concepts-in-Economics-What-is-malinvestment

  • An eagle perched on a lamppost on the floating bridge. So big for a moment I tho

    An eagle perched on a lamppost on the floating bridge. So big for a moment I thought it was a man. 🙂


    Source date (UTC): 2012-07-30 21:54:00 UTC

  • Click for video: videos/756708_10151526735592264_3666137355_n_10151047071507264.

    Click for video: videos/756708_10151526735592264_3666137355_n_10151047071507264.mp4


    Source date (UTC): 2012-07-28 01:35:00 UTC