Curt Doolittle

Category: Economics, Finance, and Political Economy

  • International trade is almost entirely capitalist, and reciprocal – they have no

    International trade is almost entirely capitalist, and reciprocal – they have no choice.

    Contrary to propaganda, all states are largely social democratic – they have no choice.

    Contrary to image, businesses are largely socialist internally – they have no choice.

    As expected, all families are communist – they have no choice.

    Because each demands what is necessary to maintain the balance between available information, possible incentives, probable means and desired ends.

    However when we try to misapply decidability from one condition to the other, we do so in opposition to the available information, available incentives, possible means, and desired ends.

    This is not alterable.

    Source date (UTC): 2018-04-19 09:29:00 UTC

  • DECLINE OF PROSPEROUS CITIES from Walter Williams: —“When World War II ended,

    https://townhall.com/columnists/walterewilliams/2018/04/18/a-mayors-most-important-job-n2471301THE DECLINE OF PROSPEROUS CITIES

    from Walter Williams:

    —“When World War II ended, Washington, D.C.’s population was about 900,000; today it’s about 700,000. In 1950, Baltimore’s population was almost 950,000; today it’s around 614,000. Detroit’s 1950 population was close to 1.85 million; today it’s down to 673,000. Camden, New Jersey’s 1950 population was nearly 125,000; today it has fallen to 77,000. St. Louis’ 1950 population was more than 856,000; today it’s less than 309,000. A similar story of population decline can be found in most of our formerly large and prosperous cities. In some cities, population declines since 1950 are well over 50 percent. In addition to Detroit and St. Louis, those would include Cleveland and Pittsburgh.”—

    (via Anoop Verma)

    https://townhall.com/columnists/walterewilliams/2018/04/18/a-mayors-most-important-job-n2471301

    Source date (UTC): 2018-04-19 08:18:00 UTC

  • DECLINE OF PROSPEROUS CITIES from Walter Williams: —“When World War II ended,

    https://townhall.com/columnists/walterewilliams/2018/04/18/a-mayors-most-important-job-n2471301THE DECLINE OF PROSPEROUS CITIES

    from Walter Williams:

    —“When World War II ended, Washington, D.C.’s population was about 900,000; today it’s about 700,000. In 1950, Baltimore’s population was almost 950,000; today it’s around 614,000. Detroit’s 1950 population was close to 1.85 million; today it’s down to 673,000. Camden, New Jersey’s 1950 population was nearly 125,000; today it has fallen to 77,000. St. Louis’ 1950 population was more than 856,000; today it’s less than 309,000. A similar story of population decline can be found in most of our formerly large and prosperous cities. In some cities, population declines since 1950 are well over 50 percent. In addition to Detroit and St. Louis, those would include Cleveland and Pittsburgh.”—

    (via Anoop Verma)

    Source date (UTC): 2018-04-19 08:18:00 UTC

  • The french have learned quite a bit from subsidy of their farm sector, and while

    The french have learned quite a bit from subsidy of their farm sector, and while I am loathe to find any semblance of virtue in anything french whatsoever, I can’t disagree with this form of redistribution in contrast to competing forms of redistribution.

    Source date (UTC): 2018-04-18 13:19:26 UTC

    Original post: https://twitter.com/i/web/status/986595058320396288

    Reply addressees: @Heritage

    Replying to: https://twitter.com/i/web/status/986594446392332288

    IN REPLY TO:

    @Heritage

    Congress should make major changes to subsidies in the farm bill and should ask: Do subsidies provide a true safety net or has the system become a crony scheme? https://t.co/uDv8ltJN0F

    Original post: https://twitter.com/i/web/status/986594446392332288

  • knows this and knows nothing can be done about it

    http://fortune.com/2017/09/19/racial-inequality-wealth-gap-america/Everyone knows this and knows nothing can be done about it.

    Source date (UTC): 2018-04-18 09:46:00 UTC

  • Governments destroy cash with all debt that they issue (inflation), commodities

    Governments destroy cash with all debt that they issue (inflation), commodities require constant attention and rotation, stocks are volatile and one cannot generally defeat the indexes, and by and large, assets depreciate. But as long as population is increasing property will rise in value. Hence … put your money in property and fine arts.

    Source date (UTC): 2018-04-17 14:33:00 UTC

  • We Get What We Measure – Particularly In Economics

    We get what we measure. When we start over in economics by measuring the full suite of capital instead of how fast we burn it down, then economics will be a science rather than an excuse by which to substitute consumption for morality in the production of policy. 😉

  • We Get What We Measure – Particularly In Economics

    We get what we measure. When we start over in economics by measuring the full suite of capital instead of how fast we burn it down, then economics will be a science rather than an excuse by which to substitute consumption for morality in the production of policy. 😉

  • End the Rents

    Our people suffer because their high trust is exploitable via rents, where that high trust is not exploitable by credit rents elsewhere. To eliminate this parasitism, we have the choice to cease trustworthiness or to destroy rents. As such I choose, and I am certain we will all choose, to destroy those rents. By destroying rents we will force investments into innovation at risk rather than parasitism on the externalization of risk. Correcting the rent system is actually quite easy.

  • End the Rents

    Our people suffer because their high trust is exploitable via rents, where that high trust is not exploitable by credit rents elsewhere. To eliminate this parasitism, we have the choice to cease trustworthiness or to destroy rents. As such I choose, and I am certain we will all choose, to destroy those rents. By destroying rents we will force investments into innovation at risk rather than parasitism on the externalization of risk. Correcting the rent system is actually quite easy.