Curt Doolittle

Category: Economics, Finance, and Political Economy

  • What role does excess eduction(non-stem), taxation (income demand), housing pric

    What role does excess eduction(non-stem), taxation (income demand), housing prices (income demand), total interest on housing(long term income demand), play in generating demand for (full time) workforce participation. And what role all in asymmetric world prices?

    Source date (UTC): 2018-07-19 15:13:03 UTC

    Original post: https://twitter.com/i/web/status/1019963335012421634

    Reply addressees: @Lord_Keynes2

    Replying to: https://twitter.com/i/web/status/1019949159778938880

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    Original post: https://twitter.com/i/web/status/1019949159778938880

  • KEYNES, MARX VS CLASSICAL: THE ART OF LYING Once you look at his notes, and unde

    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 13:35:00 UTC

  • (repost) Cities = Markets = Decreased Opportunity Cost. It’s the ability to comm

    (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 12:47:00 UTC

  • Russia’s Field Test of Chinese Treasury Liquidation

    (ie: imho it’s paper tiger) —“In other words, in just two months, Russia sold a whopping $81BN in treasurys, a liquidation flow that was likely responsible for much if not all the blow out in rates over the period. Because what else happened as Russia was liquidating 85% of its Treasury holdings in 2 months? 10Y yields soared from 2.7% at the start of April to the 7 year high of 3.11% in late May. … So … we can’t help but wonder – as the Yuan-denominated oil futures were launched, trade wars were threatened, and as more sanctions were unleashed on Russia – if this wasn’t a dress-rehearsal, carefully coordinated with Beijing to field test what would happen if/when China also starts to liquidate its own Treasury holdings.”—

  • Russia’s Field Test of Chinese Treasury Liquidation

    (ie: imho it’s paper tiger) —“In other words, in just two months, Russia sold a whopping $81BN in treasurys, a liquidation flow that was likely responsible for much if not all the blow out in rates over the period. Because what else happened as Russia was liquidating 85% of its Treasury holdings in 2 months? 10Y yields soared from 2.7% at the start of April to the 7 year high of 3.11% in late May. … So … we can’t help but wonder – as the Yuan-denominated oil futures were launched, trade wars were threatened, and as more sanctions were unleashed on Russia – if this wasn’t a dress-rehearsal, carefully coordinated with Beijing to field test what would happen if/when China also starts to liquidate its own Treasury holdings.”—

  • Curt Doolittle updated his status. RUSSIA’S FIELD TEST OF CHINESE TREASURY LIQUI

    Curt Doolittle updated his status.

    RUSSIA’S FIELD TEST OF CHINESE TREASURY LIQUIDATION
    (ie: imho it’s paper tiger)

    —“In other words, in just two months, Russia sold a whopping $81BN in treasurys, a liquidation flow that was likely responsible for much if not all the blow out in rates over the period. Because what else happened as Russia was liquidating 85% of its Treasury holdings in 2 months? 10Y yields soared from 2.7% at the start of April to the 7 year high of 3.11% in late May. … So … we can’t help but wonder – as the Yuan-denominated oil futures were launched, trade wars were threatened, and as more sanctions were unleashed on Russia – if this wasn’t a dress-rehearsal, carefully coordinated with Beijing to field test what would happen if/when China also starts to liquidate its own Treasury holdings.”—

    Source date (UTC): 2018-07-18 14:04:42 UTC

  • RUSSIA’S FIELD TEST OF CHINESE TREASURY LIQUIDATION (ie: imho it’s paper tiger)

    RUSSIA’S FIELD TEST OF CHINESE TREASURY LIQUIDATION

    (ie: imho it’s paper tiger)

    —“In other words, in just two months, Russia sold a whopping $81BN in treasurys, a liquidation flow that was likely responsible for much if not all the blow out in rates over the period. Because what else happened as Russia was liquidating 85% of its Treasury holdings in 2 months? 10Y yields soared from 2.7% at the start of April to the 7 year high of 3.11% in late May. … So … we can’t help but wonder – as the Yuan-denominated oil futures were launched, trade wars were threatened, and as more sanctions were unleashed on Russia – if this wasn’t a dress-rehearsal, carefully coordinated with Beijing to field test what would happen if/when China also starts to liquidate its own Treasury holdings.”—

    Source date (UTC): 2018-07-18 10:04:00 UTC

  • Curt Doolittle updated his status. THE BASIS OF COMMUNITY IS SELF INTEREST The u

    Curt Doolittle updated his status.

    THE BASIS OF COMMUNITY IS SELF INTEREST
    The underlying basis of community is self interest, and the production of commons because commons provide returns for self interest. It is, as far as I know, not possible to contradict morality as stated in propertarianism (reciprocity) since it is both a logical necessity and empirically evident in all judicial proceedings known to man.

    Source date (UTC): 2018-07-17 17:00:24 UTC

  • THE BASIS OF COMMUNITY IS SELF INTEREST The underlying basis of community is sel

    THE BASIS OF COMMUNITY IS SELF INTEREST

    The underlying basis of community is self interest, and the production of commons because commons provide returns for self interest. It is, as far as I know, not possible to contradict morality as stated in propertarianism (reciprocity) since it is both a logical necessity and empirically evident in all judicial proceedings known to man.

    Source date (UTC): 2018-07-17 13:00:00 UTC

  • UM. NO. CAPITALISM HAS EXISTED FOREVER IN THE WEST (just takes a great deal of r

    UM. NO. CAPITALISM HAS EXISTED FOREVER IN THE WEST

    (just takes a great deal of rule of law and trade before it has any scale)

    Western civilization has been making use of capitalism since its inception in pre-history. We can see it in the language artifacts of the period, and in their various archeological remains.

    We did not invent corporations in the period, only extended them to the middle and upper middle classes thereby expanding the institutions that had previously served a very limited minority.

    What the article describes is the expansion of free capital from a small pool of secular individuals (aristocracy, priesthood) to the middle and upper middle classes in those places with sufficient rule of law also extended to the middle and upper middle classes.

    This was possible because of technological improvements in sail, increase in population, the culmination of success of the germanic states (Hansa), and the extreme windfall of opening of transatlantic trade – rapidly expanding beyond the previous trade routes of the mediterranean through the indian ocean.

    Capitalism.

    —“an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.”—

    All we see is the necessity of redistributing people from subsistence farming and production with minor market participation and speculation to the majority if not all of people, gradually depending upon market participation and speculation for their subsistence, in order to increase the division of labor, increase productivity thereby, and as a consequence decrease the costs of goods, services, and information in relation to time spent working.

    Capitalism consists of nothing more than property rights insured by rule of law.

    The expansion of capitalism raised us out of poverty – particularly the poorest.

    The problem with the current condition of capitalism (property rights) is that in order to generate the taxation from improved commerce, the state (beginning in the coal era) rapidly removed rights of suit for damage by externalities.

    In other words, the state removed universal standing in matters of the commons and took to itself (centralized) governance (management) of the commons.

    This is an easily reversible bit of legal fudge-ery that will restore via negativa competition by court to its historical parallel with via positiva competition by markets.

    Now the capitalism vs socialism debate is in fact a dishonest bit of rhetorical framing (critique) by a certain minority specializing in propaganda – that’s just historical fact.

    The debate instead is economic rule of law (capitalism) versus economic rule by arbitrary discretion (socialism).

    We do not repair the problem of licensed-predation-via-externality by simply granting the state the right of arbitarary discretion free of punitive consequence instead of the private sector the right of arbitrary discretion free of punitive consequence.

    We fix the problem of insuring that NO ONE has license for predation by externality, by restoring universal standing in the matters of the commons.

    Replacing one minority’s use of pilpul and critique (lying) with our own use of pilpul and critique (lying) only reduces the only people capable of rule of law to the same (low) level as those that invented and use pilpul and critique.

    (Which you seem to have a pattern of doing yourself it seems.)

    Source date (UTC): 2018-07-15 09:52:00 UTC