Retweeted FEE (@feeonline):
In 1830, the workweek in the industrializing West averaged about 70 hours or, Sundays’ excluded, 11.6 hours of work per day. By 1890 that fell to 60 hours per week or 10 hours… https://t.co/VkzKGjMHcI
Source date (UTC): 2018-07-20 10:41:00 UTC
Retweeted reason (@reason):
We need to stop using the history of slavery to bolster anti-capitalist ideology. Ingenuity, not exploitation by slavery or imperialism or finance, is the story of the modern world. https://t.co/Y5tGKA6yRw
Source date (UTC): 2018-07-20 10:41:00 UTC
“Basic Everyday Incentives.”
Source date (UTC): 2018-07-20 00:10:12 UTC
Original post: https://twitter.com/i/web/status/1020098512439205894
Reply addressees: @dagmar_schmitt
Replying to: https://twitter.com/i/web/status/1020097468636094464
IN REPLY TO:
@GudistGrug
@curtdoolittle Violence itself though is a complicated phenomenon when scaled up. How do you get the yeomen, and helots to put their pikes on their shoulders and follow?
Original post: https://twitter.com/i/web/status/1020097468636094464
Once you look at his notes, and understand Keynes converted Marx’s ‘dialectic’ (sophism) into Keynesian ‘innumeracy’ (ludic fallacy), you suspect his malincentives. But once you learn Rule of Law(Classical) vs Arbitrary Rule (Keynes), you realize that pseudoscience (Marx) and innumeracy (Keynes) are the only two methods by which to distract you from the underlying conflict: Rule of Law and Arbitrary Rule. Just as the marxists and the postmoderns have distracted us with Capitalism (Rule of Law) versus Socialism (Arbitrary Rule). The success of the Keynesian method is predicated on dialectic (loading, framing, and obscuring) rather than measurement. Why? What capital (that which we forgo opportunities or expend the results of opportunities to) invest in. So what Keynesianism achieves by innumeracy (fraud) is what Marx achieves by dialectic (sophism): the intentional distraction from the measurement of changes in capital to the measurement of the results of the consumption of it: including genetic, normative, traditional, knowledge, and institutional capital. And why did we (Hayek and others) fail? Because under democracy one cannot stop the mob from raiding the accumulated capital of millennia, nor the pseudo-intellectual class, and the political class from profiting from the sale. The Chicago school attempted to preserve rule of law and markets but the left has been too successful, the economists too well rewarded, and the financial industry, academy, and the state too well rewarded for doing so. Hence why Athens spent all the silver from the mine they discovered; and why Spain spent all the gold it took from the new world in failed wars against the Netherlands; and why Americans spent all the income from conquest of a continent and selling it off to genetic middle classes from Europe. … Until they ran out of middle classes. SOPHISM IS EVERYWHERE.
Once you look at his notes, and understand Keynes converted Marx’s ‘dialectic’ (sophism) into Keynesian ‘innumeracy’ (ludic fallacy), you suspect his malincentives. But once you learn Rule of Law(Classical) vs Arbitrary Rule (Keynes), you realize that pseudoscience (Marx) and innumeracy (Keynes) are the only two methods by which to distract you from the underlying conflict: Rule of Law and Arbitrary Rule. Just as the marxists and the postmoderns have distracted us with Capitalism (Rule of Law) versus Socialism (Arbitrary Rule). The success of the Keynesian method is predicated on dialectic (loading, framing, and obscuring) rather than measurement. Why? What capital (that which we forgo opportunities or expend the results of opportunities to) invest in. So what Keynesianism achieves by innumeracy (fraud) is what Marx achieves by dialectic (sophism): the intentional distraction from the measurement of changes in capital to the measurement of the results of the consumption of it: including genetic, normative, traditional, knowledge, and institutional capital. And why did we (Hayek and others) fail? Because under democracy one cannot stop the mob from raiding the accumulated capital of millennia, nor the pseudo-intellectual class, and the political class from profiting from the sale. The Chicago school attempted to preserve rule of law and markets but the left has been too successful, the economists too well rewarded, and the financial industry, academy, and the state too well rewarded for doing so. Hence why Athens spent all the silver from the mine they discovered; and why Spain spent all the gold it took from the new world in failed wars against the Netherlands; and why Americans spent all the income from conquest of a continent and selling it off to genetic middle classes from Europe. … Until they ran out of middle classes. SOPHISM IS EVERYWHERE.
Wait, so you’re saying that the fact that the USA was the only industrial nation left standing, that could make cheap expensive goods of questionable quality for use in reconstruction and consumers could spend on the obvious (agrarian to homeowner), is replicable?
Source date (UTC): 2018-07-19 20:09:10 UTC
Original post: https://twitter.com/i/web/status/1020037855232626688
Reply addressees: @Lord_Keynes2
Replying to: https://twitter.com/i/web/status/1020035797033017344
IN REPLY TO:
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Original post: https://twitter.com/i/web/status/1020035797033017344
(I mean, it’s pretty obviously the result of war and war financing.
Source date (UTC): 2018-07-19 18:48:02 UTC
Original post: https://twitter.com/i/web/status/1020017437650153472
Reply addressees: @Lord_Keynes2
Replying to: https://twitter.com/i/web/status/1020011456186613765
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Original post: https://twitter.com/i/web/status/1020011456186613765
So, why is that? What caused that increase in capital?
AND WHERE HAS IT GONE NOW?
Source date (UTC): 2018-07-19 18:47:35 UTC
Original post: https://twitter.com/i/web/status/1020017321220419584
Reply addressees: @Lord_Keynes2
Replying to: https://twitter.com/i/web/status/1020011456186613765
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Original post: https://twitter.com/i/web/status/1020011456186613765
Curt Doolittle updated his status.
KEYNES, MARX VS CLASSICAL: THE ART OF LYING
Once you look at his notes, and understand Keynes converted Marx’s ‘dialectic’ (sophism) into Keynesian ‘innumeracy’ (ludic fallacy), you suspect his malincentives.
But once you learn Rule of Law(Classical) vs Arbitrary Rule (Keynes), you realize that pseudoscience (Marx) and innumeracy (Keynes) are the only two methods by which to distract you from the underlying conflict: Rule of Law and Arbitrary Rule. Just as the marxists and the postmoderns have distracted us with Capitalism (Rule of Law) versus Socialism (Arbitrary Rule). The success of the Keynesian method is predicated on dialectic (loading, framing, and obscuring) rather than measurement.
Why? What capital (that which we forgo opportunities or expend the results of opportunities to) invest in. So what Keynesianism achieves by innumeracy (fraud) is what Marx achieves by dialectic (sophism): the intentional distraction from the measurement of changes in capital to the measurement of the results of the consumption of it: including genetic, normative, traditional, knowledge, and institutional capital. And why did we (Hayek and others) fail?
Because under democracy one cannot stop the mob from raiding the accumulated capital of millennia, nor the pseudo-intellectual class, and the political class from profiting from the sale.
The Chicago school attempted to preserve rule of law and markets but the left has been too successful, the economists too well rewarded, and the financial industry, academy, and the state too well rewarded for doing so.
Hence why Athens spent all the silver from the mine they discovered; and why Spain spent all the gold it took from the new world in failed wars against the Netherlands; and why Americans spent all the income from conquest of a continent and selling it off to genetic middle classes from Europe. … Until they ran out of middle classes.
SOPHISM IS EVERYWHERE.
Source date (UTC): 2018-07-19 17:35:15 UTC
Curt Doolittle updated his status.
(repost)
Cities = Markets = Decreased Opportunity Cost. It’s the ability to communicate that decreases opportunity cost.
Opportunity cost = increasing choices. The question is whether increasing choices produces increasing outcomes.
For business it does. For genes it does not. This is the fundamental problem. Cities Destroy Genes in exchange for lower opportunity costs of consumption.
So we have a choice: (a) continue to bring people to capital at the cost of genes (genetic capital), or (b) bring capital to people to preserve genetic capital.
In other words, redistribute the opportunity costs.
Source date (UTC): 2018-07-19 16:47:55 UTC