Category: Economics, Finance, and Political Economy

  • The Economics of Association in Heterogeneous Polities

    October 9th, 2018 12:27 AM WHY WHITE PRIVILEGE? HERE IS THE CORRECT ANSWER: THE ECONOMICS OF ASSOCIATION IN HETEROGENEOUS POLITIES [I]t’s because ethnic europeans, particularly northern europeans, largely because of geography and culture came out of the dark ages first, had the enlightenment first, developed the first fully middle class civilization first, and did so both genetically, culturally, and institutionally, by using militias due to weak central governments, individual sovereignty because of militias, rule of law not rule by discretion, manorialism’s suppression of underclass rates of reproduction, and by aggressive hanging of criminal population for 1000 years, and as a consequence producing the highest trust society, with the highest trust population. So, in commerce and politics ethnic europeans have obtained a premium for their (earned) reputation for relative trustworthiness and work ethic (middle class public behavior), and they preserve the premium through intergenerational transfer of those habits, norms, traditions, and values. The problem is that high trust polities and a ‘deserved’ reputation for high trust is extremely expensive and no other people so far have been able to produce it except the Japanese and Koreans. This is the reason for the west’s higher standard of living. The rest is due to demographic distributions, meaning that the vast majority of ethnic europeans are within one degree of the genetic middle class (meaning that they can learn to use technology independently by reading), whereas the vast majority of peoples who complain about the reputational advantage of ethnic europeans are from groups with historically larger underclasses, and therefore, lower medians, where cultural norms are determined by the median, and we are all judged by ‘averages (median) of our group”. Why? Because stereotypes are the most accurate measurement in the social sciences. They are verified or falsified every day in ever personal interaction. We are all punished for (experience discounts), and privileged for (experience premiums) our identities: manners, ethics, morals, habits, body language, hygiene, speech pattern, vocabulary, dress, fitness, and everything else. To lose your discount or gain a premium, change your group’s sexual, social, economic, intellectual, and market value, by changing your group’s demographics, habits, manners, ethics, morals, traditions, values, rituals so that they are ALSO middle class (market) rather than whatever tradition you come from. it’s not complicated. Before the 1964 immigration act, everyone who came to america did it. The lesson is that people are not scarce. Individuals are not special.Humans by and large are a commodity. There are, if anything, far too many of us. People must work hard to find some way of providing value to others so that they are useful in the marketplace for sexual, social, economic, political cooperation. And because value is rare, and people are not scarce, all people are careful in making the best investments that they can. And they invest in what they can see. Hence why jews and asians do better than ethnic europeans in american university acceptance, but no one criticizes them. While whites are criticized daily, and experience reverse discrimination in the academy, politics, and the media, while preserving their economic advantage in the work place, and their social status. So, it’s not a privilege, it’s a cultural premium for 1350 years of suppression of underclass reproduction and downward expansion of the middle class. And training your children to do what is uncomfortable in order to obtain long term benefits of conforming to middle class behaviors. And it’s almost impossible to alter for that reason. People from other cultures or ethnicities assume white identity is arbitrary but it is merely the universal adaptation of middle class market behavior on a civilizational scale. Join the middle class by acting as middle class, and getting others with your identity to act middle class. It’s not complicated, but it’s terribly difficult, which is why so few cultures can do it without many generations of middle class civilization.

  • OIL AT $35? I DON”T SEE THAT. I SEE 110. HELP? Russian Central Bank warns of ris

    OIL AT $35? I DON”T SEE THAT. I SEE 110. HELP?

    Russian Central Bank warns of risks for oil to drop to $35

    via PravdaReport

    Ksenia Yudaeva, first deputy chairwoman of the Central Bank of the Russian Federation, said during her speech speech at the Council of Federation that the bank proceeds from its forecasts, in which Western sanctions against Russia are not going to be lifted. The risk scenario is based on expectations for the sanctions ti be tightened further during the upcoming years, while prices on oil are going to decline sharply.

    In the beginning of October 2018, the cost of a barrel of Russian Urals oil was fluctuating above the level of $80. The basic scenario of the Central Bank of Russia suggests the reduction of the cost of a barrel of Urals oil to an average of $55 in 2020-2021. For the risk scenario, the cost of a barrel of Urals may halve already in 2019. Such a decline will speed up inflation and halt the growth of Russia’s GDP.

    http://www.pravdareport.com/news/russia/economics/08-10-2018/141738-russian_central_bank-0/?utm_referrer=https%3A%2F%2Fzen.yandex.com


    Source date (UTC): 2018-10-08 22:10:00 UTC

  • What Does Markets in Everything Mean?

    October 8th, 2018 3:09 PM WHAT DOES MARKETS IN EVERYTHING MEAN? (Literally Everything) Markets in everything: 1 – Association (Disassociation), 2 – Reproduction, (Families), 3 – Cooperation, (interpersonal, social), 4 – Production, (commercial), 6 – Commons, ( private and public ), 5 – Frames: Disciplines/Paradigms/Grammars (conceptual), ……(this is the hard one to get across that I’m not done with), 7 – Polities ( Institutions ), and; 8 – Warfare (Conflict and Defense ). I resort to using ‘everything’ to keep it simple. But maybe just enumerating all of them like I do everything else is better for clarity.

  • What Does Markets in Everything Mean?

    October 8th, 2018 3:09 PM WHAT DOES MARKETS IN EVERYTHING MEAN? (Literally Everything) Markets in everything: 1 – Association (Disassociation), 2 – Reproduction, (Families), 3 – Cooperation, (interpersonal, social), 4 – Production, (commercial), 6 – Commons, ( private and public ), 5 – Frames: Disciplines/Paradigms/Grammars (conceptual), ……(this is the hard one to get across that I’m not done with), 7 – Polities ( Institutions ), and; 8 – Warfare (Conflict and Defense ). I resort to using ‘everything’ to keep it simple. But maybe just enumerating all of them like I do everything else is better for clarity.

  • WHAT DOES MARKETS IN EVERYTHING MEAN? (Literally Everything) Markets in everythi

    WHAT DOES MARKETS IN EVERYTHING MEAN?

    (Literally Everything)

    Markets in everything:

    1 – Association (Disassociation),

    2 – Reproduction, (Families),

    3 – Cooperation, (interpersonal, social),

    4 – Production, (commercial),

    6 – Commons, ( private and public ),

    5 – Frames: Disciplines/Paradigms/Grammars (conceptual),

    ……(this is the hard one to get across that I’m not done with),

    7 – Polities ( Institutions ), and;

    8 – Warfare (Conflict and Defense ).

    I resort to using ‘everything’ to keep it simple. But maybe just enumerating all of them like I do everything else is better for clarity.


    Source date (UTC): 2018-10-08 15:09:00 UTC

  • Neither of the issues Stiglitz mentions will make any difference because the pro

    Neither of the issues Stiglitz mentions will make any difference because the problem we face is (a) human capital is no longer reserve in but underperforming from the third world, (b) we have… https://www.facebook.com/permalink.php?story_fbid=301670553763175&id=100017606988153


    Source date (UTC): 2018-10-08 01:12:51 UTC

    Original post: https://twitter.com/i/web/status/1049105307056656384

  • October 7th, 2018 8:05 PM [Y]eah. Yeah. I know the china thing. It’s like old ne

    October 7th, 2018 8:05 PM [Y]eah. Yeah. I know the china thing. It’s like old news. The problem is, Like, I thought it would correct no later than 2010 or 2012. Now is 2018. So why isn’t it correcting? I mean, I don’t care about another ‘warning’ or ‘opinion’ or ‘woo wooo’ column on the Chinese economy. The answer is SO WHAT? If they don’t have a correction then why? If they are going to have a correction then why? I mean, what ‘limit’ will be hit that that causes the cascade? Because ‘well it usually happens this way’ is not a very good answer in economics. High causal density and all that kinda thing. OK? sigh….

  • October 7th, 2018 8:05 PM [Y]eah. Yeah. I know the china thing. It’s like old ne

    October 7th, 2018 8:05 PM [Y]eah. Yeah. I know the china thing. It’s like old news. The problem is, Like, I thought it would correct no later than 2010 or 2012. Now is 2018. So why isn’t it correcting? I mean, I don’t care about another ‘warning’ or ‘opinion’ or ‘woo wooo’ column on the Chinese economy. The answer is SO WHAT? If they don’t have a correction then why? If they are going to have a correction then why? I mean, what ‘limit’ will be hit that that causes the cascade? Because ‘well it usually happens this way’ is not a very good answer in economics. High causal density and all that kinda thing. OK? sigh….

  • Neither of the issues Stiglitz mentions will make any difference because the pro

    Neither of the issues Stiglitz mentions will make any difference because the problem we face is (a) human capital is no longer in reserve in europe, but underperforming from the third world, (b) we have concentrated all growth in a few immigrant cities that are all on the edge of bankruptcy, and these are so expensive they have become ovary graveyards; and (c) proximity creates hostility because of signaling competition and cannot be fixed. There is no reason that what failed in levantine/semitic civilization will not fail here in western civilization. (d) the reason that we are in decline is reproductive redistribution downward and a continuous drop in human capital because of it, and this is caused by (e) the consumption of all income produced the the addition of women into the workforce by taxation and redistribution to said underclasses, and (f) the financialization of the economy wherein trillions are extracted from working families but not under and upper classes, thereby creating the reproductive redistribution. On top of that (g) unions caused the industrial, technological, and job flight. GM alone is priced out of the market by intergenerational rents that cannot possibly be paid, and should never have been tolerated as a legal obligation.

    I can’t even believe he’s dishonest and incompetent enough to even make those two nonsense arguments.

    Hence why I write so much about economic pseudoscience, particularly via Krugman, Stiglitz, and DeLong.

    I am fairly sure they know what evil they do, and they do it precisely because it is evil.


    Source date (UTC): 2018-10-07 21:12:00 UTC

  • Yeah. Yeah. I know the china thing. It’s like old news. The problem is, Like, I

    Yeah. Yeah. I know the china thing. It’s like old news. The problem is, Like, I thought it would correct no later than 2010 or 2012. Now is 2018. So why isn’t it correcting? I mean, I don’t care about another ‘warning’ or ‘opinion’ or ‘woo wooo’ column on the Chinese economy. The answer is SO WHAT? If they don’t have a correction then why? If they are going to have a correction then why? I mean, what ‘limit’ will be hit that that causes the cascade? Because ‘well it usually happens this way’ is not a very good answer in economics. High causal density and all that kinda thing. OK? sigh….


    Source date (UTC): 2018-10-07 20:05:00 UTC