Category: Economics, Finance, and Political Economy

  • (placeholder) (discuss incentives that produce conspiracies of common interest –

    (placeholder)

    (discuss incentives that produce conspiracies of common interest – and managed decline/equilibrium)(real conspiracy is ‘all’ rather than each nation competing an the market driving all upward)

    TRILATERAL COMMISSION

    WORLD ECONOMIC FORUM – DAVOS

    BILDERBERG GROUP CONFERNECE

    MOUNT PELERIN SOCIETY

    WORLD BANK

    G7,

    WTO – World Trade Organization,

    IMF – International Monetary Fund,

    THE UNITED NATIONS

    “Davos Man”

    “Davos Man” is a neologism referring to the global elite of wealthy (predominantly) men, whose members view themselves as completely “international”. According to political scientist Samuel P. Huntington, who is credited with inventing the phrase “Davos Man”,[88] they are people who “have little need for national loyalty, view national boundaries as obstacles that thankfully are vanishing, and see national governments as residues from the past whose only useful function is to facilitate the élite’s global operations”. In his 2004 article “Dead Souls: The Denationalization of the American Elite”, Huntington argues that this international perspective is a minority elitist position not shared by the nationalist majority of the people.[89]

    Davos men supposedly see their identity as a matter of personal choice, not an accident of birth. John Fonte of the Hudson Institute has suggested that the transnational ideology of Davos Man represents a major challenge to Francis Fukuyama’s assertion that liberal democracy represents the fulfillment of The End of History and the Last Man.

    Hernando de Soto Polar said that although internationally connected, each country’s elite lives in a bell jar in the sense of being out of touch with its own populace. Their isolation fosters a tendency to be oblivious to the fate of their fellow citizens.

    Lawrence Summers refers to this concept as the “stateless elites”, tied more to the success of the global economy than to any nation, and views it as eroding support for continuing globalization


    Source date (UTC): 2020-02-03 10:05:00 UTC

  • So we can fuss around with terms. But the bias in private capitalism is non inte

    So we can fuss around with terms. But the bias in private capitalism is non interference in forces except by treating the state as just another customer, while state capitalism places higher priority on state as a customer than the market – particularly international market.


    Source date (UTC): 2020-02-02 15:03:24 UTC

    Original post: https://twitter.com/i/web/status/1223985274159497218

    Reply addressees: @Hauptgefreiter1

    Replying to: https://twitter.com/i/web/status/1223984954746511361


    IN REPLY TO:

    Unknown author

    @Hauptgefreiter1 Hitler wasn’t the only fascist – he was just the last. So yes, the state (a) prevents contra-autarkic arbitrage for profit and exploitation of state resources (the same thing), (b) biases production to commons by use of state financing,(c) overrides market incentives when needed.

    Original post: https://x.com/i/web/status/1223984954746511361


    IN REPLY TO:

    @curtdoolittle

    @Hauptgefreiter1 Hitler wasn’t the only fascist – he was just the last. So yes, the state (a) prevents contra-autarkic arbitrage for profit and exploitation of state resources (the same thing), (b) biases production to commons by use of state financing,(c) overrides market incentives when needed.

    Original post: https://x.com/i/web/status/1223984954746511361

  • “unpromising future for economics phd’s”— This is correct of course. It’s one

    —“unpromising future for economics phd’s”—

    This is correct of course. It’s one of Eric Weinstein’s complaints: the university system is organized for unsustainable growth, false-promising careers to researchers that can’t exist, in order to obtain cheap research labor (and cheap immigrant research labor) rather than paying researchers and doing less and better research. This problem is exacerbated by the withdrawal of the military as the primary originator of basic research funds given that military epistemology is competitive, and our failure or inability to direct research funds without military priorities, to competitive advantage.

    I expect this will be corrected rather shortly (and painfully) one way or the other.


    Source date (UTC): 2020-02-02 09:02:00 UTC

  • GOVERNMENTS DO HAVE CURRENCY IF NOT MONEY —“Governments don’t have money, citi

    GOVERNMENTS DO HAVE CURRENCY IF NOT MONEY

    —“Governments don’t have money, citizens do. Will the state fund [whatever] through mandatory force derived taxes or will state funding be purely voluntary on the part of interested citizens (non mandatory tithing).”—

    Hmmm… that’s not entirely true. Just as a thought experiment, assume a government over a territory that is fully autarkic and has no need of foreign currency or trade.

    This government can issue a currency (each unit a tradable share in the economy), demand it as legal tender for all debts private and public, and it can equidistribute X amount of this currency to every citizen every day, week, month, quarter, year or whatever directly to a bank account.

    It can then collect some percentage of that in taxes and repeat the process.

    This is what governments already do. They just put the banks in the middle requiring us to borrow it and giving the banks interest, thereby having the banks inflate 9x times the amount.

    We are not fully autarkic so the process limits the state’s powers of monetary distribution.

    Modern monetary theory won’t work, but this will, it will just require collecting and measuring better information than we do now


    Source date (UTC): 2020-02-01 17:40:00 UTC

  • Such nonsense. They would be 12 months from improving their landlord’s incomes

    Such nonsense. They would be 12 months from improving their landlord’s incomes. https://twitter.com/AndrewYang/status/1223268314442534913

  • Can’t work. Sorry. Only preserves the financial sector. UBI will not only fail,

    Can’t work. Sorry. Only preserves the financial sector. UBI will not only fail, it will simply increase rents and mortgages, thereby improving only the lot of those who don’t need it.

    Follow me. Learn how to solve the problem. It’s easier than you’d think.


    Source date (UTC): 2020-01-31 22:37:33 UTC

    Original post: https://twitter.com/i/web/status/1223374789387128834

    Reply addressees: @Satinwarp

    Replying to: https://twitter.com/i/web/status/1223374103924445184


    IN REPLY TO:

    @Stoodoutweft

    @curtdoolittle UBI

    Original post: https://twitter.com/i/web/status/1223374103924445184

  • Why? Do you know who we are experiencing a historic productivity slowdown?

    Why? Do you know who we are experiencing a historic productivity slowdown?


    Source date (UTC): 2020-01-31 16:35:05 UTC

    Original post: https://twitter.com/i/web/status/1223283569512067072

    Reply addressees: @paulkrugman

    Replying to: https://twitter.com/i/web/status/1223220559724654593


    IN REPLY TO:

    @paulkrugman

    But also note the anti-Yangism: far from witnessing runaway automation, we’re experiencing a historic productivity slowdown 2/ https://t.co/p9l3wRhV49

    Original post: https://twitter.com/i/web/status/1223220559724654593

  • I have not addressed the most important reformation of the Monetary, Treasury, b

    I have not addressed the most important reformation of the Monetary, Treasury, banking, financial, consumer credit, and debt sectors which will be the greatest reallocation of economic advantage in centuries – and the opposite of marxist folly. That’s for elsewhere. -cheers


    Source date (UTC): 2020-01-31 16:32:40 UTC

    Original post: https://twitter.com/i/web/status/1223282964383117312

    Replying to: https://twitter.com/i/web/status/1223282963321966592


    IN REPLY TO:

    Unknown author

    This rough solution solves the problem of preserving the value of scale of both traditional european weak federal unity providing monetary, economic, and military security while allowing the separation of traditional peoples from immigrant and urban peoples.

    Original post: https://x.com/i/web/status/1223282963321966592


    IN REPLY TO:

    @curtdoolittle

    This rough solution solves the problem of preserving the value of scale of both traditional european weak federal unity providing monetary, economic, and military security while allowing the separation of traditional peoples from immigrant and urban peoples.

    Original post: https://x.com/i/web/status/1223282963321966592

  • It’s not their iq it’s their abililty to hyperconsume in the current economy, co

    It’s not their iq it’s their abililty to hyperconsume in the current economy, combined with costs of living in proximity to the ability to hyperconsume. This is a set of malincentives.


    Source date (UTC): 2020-01-28 20:42:42 UTC

    Original post: https://twitter.com/i/web/status/1222258723915214848

    Reply addressees: @ClownBa73413423 @WorMartiN

    Replying to: https://twitter.com/i/web/status/1222219308824133632


    IN REPLY TO:

    @FullAccountant

    @WorMartiN @curtdoolittle Do you really think a civilization go to avg 130 IQ? The cap appears to be 115. The 130+ IQs are voluntarily choosing not to have kids because something in their cognition as a group dislikes reproducing and/or having large families.

    Original post: https://twitter.com/i/web/status/1222219308824133632

  • RT @zerohedge: Davos Man – Misbegotten Progeny Of Keynesian Central Bankers

    RT @zerohedge: Davos Man – Misbegotten Progeny Of Keynesian Central Bankers https://www.zerohedge.com/geopolitical/davos-man-misbegotten-progeny-keynesian-central-bankers


    Source date (UTC): 2020-01-25 17:00:39 UTC

    Original post: https://twitter.com/i/web/status/1221115679719464966