by Michael Churchill [G]overnment is controlled by capital, and capital needs consumption like a mammal needs blood flow. And these days, with birth rates so low, capital is desperate for bodies. This is part of why interest rates are negative in Europe and Japan. Capital and democracy cannot coexist when CPI is negative, because real wages skyrocket. As such, capital must have bodies and it must have a Fed. So … capital doesn’t really care THAT much about the fine points of how national governments work. It just wants smooth regulation. What it needs to be able to do is sell stuff to humans, have clean title to assets and repatriate the earnings. That’s a pretty low bar actually. Even most of Africa lets you do that.
Category: Economics, Finance, and Political Economy
-
Regarding Economic Reform
Regarding Economic Reform https://propertarianism.com/2019/10/03/regarding-economic-reform/
Source date (UTC): 2019-10-03 23:34:34 UTC
Original post: https://twitter.com/i/web/status/1179902595260923904
-
Regarding Economic Reform
VERY IMPORTANT (Regarding Economic Reform) [O]rdinary people need elites, and elites need ordinary people unless dis-intermediated by capital. So end disintermediation by capital and you restore the reciprocal dependence of elites upon ordinary people. So in order to prevent elites from defecting from their ordinary people the people must prevent disintermediation their from elites by capital. How is this done? Relatively easily. Especially with full accounting of changes in capital.
-
Regarding Economic Reform
VERY IMPORTANT (Regarding Economic Reform) [O]rdinary people need elites, and elites need ordinary people unless dis-intermediated by capital. So end disintermediation by capital and you restore the reciprocal dependence of elites upon ordinary people. So in order to prevent elites from defecting from their ordinary people the people must prevent disintermediation their from elites by capital. How is this done? Relatively easily. Especially with full accounting of changes in capital.
-
The American Postwar Failure Financed by American Debt
The American Postwar Failure Financed by American Debt https://propertarianism.com/2019/10/03/the-american-postwar-failure-financed-by-american-debt/
Source date (UTC): 2019-10-03 22:54:18 UTC
Original post: https://twitter.com/i/web/status/1179892460887166976
-
Economic Advice and The Public
Economic Advice and The Public https://propertarianism.com/2019/10/03/economic-advice-and-the-public/
Source date (UTC): 2019-10-03 20:57:45 UTC
Original post: https://twitter.com/i/web/status/1179863130408734720
-
Economic Advice and The Public
ECONOMIC ADVICE AND THE PUBLIC [E]conomics has been a cudgel for justifying a moral bias, not a science to which we must conform our moral intuitions. Libertarians are largely advocating free riding on the commons just as much as socialist advocate free riding upon the private sector. No economic proposition is decidable by either libertarian or socialist without first solving the question of the distribution of a mixed economy, since only mixed economies can survive competition in the market for polities. The answer of course is just rule of law by reciprocity and that we track investments by the polity in returns and prevent the public from privatizing public gains, just as much as we prevent the public from socializing private gains. In other words, it’s largely a problem of record keeping and accounting. The problem is everyone has an interests in maintaining the lie, and maintaining chaos in the public who resorts to petty moralizing out of ignorance.
-
Economic Advice and The Public
ECONOMIC ADVICE AND THE PUBLIC [E]conomics has been a cudgel for justifying a moral bias, not a science to which we must conform our moral intuitions. Libertarians are largely advocating free riding on the commons just as much as socialist advocate free riding upon the private sector. No economic proposition is decidable by either libertarian or socialist without first solving the question of the distribution of a mixed economy, since only mixed economies can survive competition in the market for polities. The answer of course is just rule of law by reciprocity and that we track investments by the polity in returns and prevent the public from privatizing public gains, just as much as we prevent the public from socializing private gains. In other words, it’s largely a problem of record keeping and accounting. The problem is everyone has an interests in maintaining the lie, and maintaining chaos in the public who resorts to petty moralizing out of ignorance.
-
RT @ScottAdamsSays: Just to make it official, I predict no trade deal with China
RT @ScottAdamsSays: Just to make it official, I predict no trade deal with China because they have no interest in a fair deal and we have nā¦
Source date (UTC): 2019-10-03 16:43:15 UTC
Original post: https://twitter.com/i/web/status/1179799080844877824
-
It is quite profitable to engage in immorality among moral people, just as it is
It is quite profitable to engage in immorality among moral people, just as it is less so among immoral people. And the finance business is by and large unproductive. In other words a westerner would never engage in the tactic used by Georg Soros, which was extractive. He did.
Source date (UTC): 2019-10-03 15:21:29 UTC
Original post: https://twitter.com/i/web/status/1179778505959194627
Reply addressees: @clairlemon
Replying to: https://twitter.com/i/web/status/1179778252061237248
IN REPLY TO:
Unknown author
@clairlemon … people and it will explain why certain groups profit in certain industries: because they are immoral, and westerners are not.Morality requires reciprocity: productive, fully informed,warrantied, voluntary transfer, free of imposition of costs by externality against interests.
Original post: https://x.com/i/web/status/1179778252061237248
IN REPLY TO:
@curtdoolittle
@clairlemon … people and it will explain why certain groups profit in certain industries: because they are immoral, and westerners are not.Morality requires reciprocity: productive, fully informed,warrantied, voluntary transfer, free of imposition of costs by externality against interests.
Original post: https://x.com/i/web/status/1179778252061237248