The free market was envisioned for the known purposes of (a) creating peaceful relations between then expanding empires, and (b) explaining why people treated each other well in ordinary commercial life vs inter-tribal life, (c) making use of comparative advantage between non-enemies. (d) reducing artificial shortages of food in particular that gave profits to large land holders at the cost of starving citizens.
The free market ideology was a jewish invention, just as were the opposing forces of capitalism and communism.
In the west it’s just simple reciprocity or not (unearned gains).
Category: Economics, Finance, and Political Economy
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THE ORIGIN OF THE ANGLO FREE MARKET VS THE JEWISH FREE MARKET. The free market w
THE ORIGIN OF THE ANGLO FREE MARKET VS THE JEWISH FREE MARKET.
The free market was envisioned for the known purposes of (a) creating peaceful relations between then expanding empires, and (b) explaining why people treated each other well in ordinary commercial life vs inter-tribal life, (c) making use of comparative advantage between non-enemies. (d) reducing artificial shortages of food in particular that gave profits to large land holders at the cost of starving citizens.
The free market ideology was a jewish invention, just as were the opposing forces of capitalism and communism.
In the west it’s just simple reciprocity or not (unearned gains).
Source date (UTC): 2018-03-18 12:43:00 UTC
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The problem is that advantages are not paid by shippers but by comparative negot
The problem is that advantages are not paid by shippers but by comparative negotiation in trade policy.
Source date (UTC): 2018-03-18 01:02:24 UTC
Original post: https://twitter.com/i/web/status/975175553446830080
Reply addressees: @Jory_Nal
Replying to: https://twitter.com/i/web/status/975157962774753281
IN REPLY TO:
@Jory_Nal
@curtdoolittle Too simple a view imho. There is still a profound advantage in controlling / patrolling sea trade if its paid for by the shippers.
Also #CityOfLondon kept the high margin high leverage world reinsurance industry, most global sovereign trade.
US as non-unionized security guard.Original post: https://twitter.com/i/web/status/975157962774753281
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There is a profound advantage but that advantage is asymmetric. American standar
There is a profound advantage but that advantage is asymmetric. American standards of living would drop to european levels or lower without our military and financial controls – which is why china(economic and political), iran(oil bourse), and russia(weaken nato) want to end it.
Source date (UTC): 2018-03-18 01:01:35 UTC
Original post: https://twitter.com/i/web/status/975175349440077824
Reply addressees: @Jory_Nal
Replying to: https://twitter.com/i/web/status/975157962774753281
IN REPLY TO:
@Jory_Nal
@curtdoolittle Too simple a view imho. There is still a profound advantage in controlling / patrolling sea trade if its paid for by the shippers.
Also #CityOfLondon kept the high margin high leverage world reinsurance industry, most global sovereign trade.
US as non-unionized security guard.Original post: https://twitter.com/i/web/status/975157962774753281
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It’s not a point of view. It’s a set of measurements, and it’s included generall
It’s not a point of view. It’s a set of measurements, and it’s included generally in the field of political economy in the studies of bureaucracies, corruption, rule of law, trust, credit extensions, economic velocity, growth, purchasing power and equity.
Source date (UTC): 2018-03-18 01:00:06 UTC
Original post: https://twitter.com/i/web/status/975174975584964608
Reply addressees: @Jory_Nal
Replying to: https://twitter.com/i/web/status/975158381672566784
IN REPLY TO:
@Jory_Nal
@curtdoolittle Well its a POV. Not much more than #BenFranklin said re small countries becoming corrupt & big ones becoming tyrannies.
Original post: https://twitter.com/i/web/status/975158381672566784
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The rise of the nation state was made possible by fiat money. Empires expand by
The rise of the nation state was made possible by fiat money. Empires expand by conquest in order to suppress rents on trade and localize them, just as governments evolve by suppressing local rents (parasitism),centralizing them,and then using them to pay for cost of suppression.
Source date (UTC): 2018-03-17 15:51:42 UTC
Original post: https://twitter.com/i/web/status/975036964348026881
Reply addressees: @Jory_Nal
Replying to: https://twitter.com/i/web/status/975035636569772034
IN REPLY TO:
@Jory_Nal
@curtdoolittle Historically empires arose as a means to regulate trade by sea or long vulnerable land routes.
UK in 20th century proved that many small countries could still follow common law, protect sea trade, respond in coordinated way to disaster, without one big Navy. But…the Falklands.Original post: https://twitter.com/i/web/status/975035636569772034
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No. The united states proved that as the sole remaining postwar economy, it coul
No. The united states proved that as the sole remaining postwar economy, it could pay for the international system of finance and trade by imposing it by force on the world, after inheriting the british empire’s role of doing so.We no longer can afford to. Everyone has caught up.
Source date (UTC): 2018-03-17 15:50:34 UTC
Original post: https://twitter.com/i/web/status/975036682079756288
Reply addressees: @Jory_Nal
Replying to: https://twitter.com/i/web/status/975035636569772034
IN REPLY TO:
@Jory_Nal
@curtdoolittle Historically empires arose as a means to regulate trade by sea or long vulnerable land routes.
UK in 20th century proved that many small countries could still follow common law, protect sea trade, respond in coordinated way to disaster, without one big Navy. But…the Falklands.Original post: https://twitter.com/i/web/status/975035636569772034
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(Responding only because some well intentioned fool ‘liked’ your reply) That’s f
(Responding only because some well intentioned fool ‘liked’ your reply) That’s false. Because all differences in economic productivity are reducible to time. Calculation is possible. The problem is competition that determines price, not the method by which price is calculated.
Source date (UTC): 2018-03-17 14:31:29 UTC
Original post: https://twitter.com/i/web/status/975016778156920832
Reply addressees: @BobMurphyEcon @FriedrichHayek
Replying to: https://twitter.com/i/web/status/974794304769200134
IN REPLY TO:
@BobMurphyEcon
@curtdoolittle @FriedrichHayek What are you talking about? Mises talks e.g. about building a railroad connecting two points, and how the planner can’t know which route is most economical.
Original post: https://twitter.com/i/web/status/974794304769200134
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—“RE: BUT A PLANNER CANNOT KNOW WHICH RAILROAD IS ECONOMICALLY EFFICIENT TO BUILD”—
—“RE: BUT A PLANNER CANNOT KNOW WHICH RAILROAD IS ECONOMICALLY EFFICIENT TO BUILD”— (Responding only because some well intentioned fool ‘liked’ your reply) That’s false. Because all differences in economic productivity are reducible to time. Calculation is possible. The problem is competition that determines price, not the method by which price is calculated. You know, I have been working on this problem only since about 2001, and I know that Russo-Ukrainian Libertarianism was abandoned by intellectuals relatively quickly, but it’s still surprising that these nonsense arguments still persist. Mises was irrelevant. Rothbard was wrong. Hoppe took rothbard and restated it in the justificationary nonsense of Kant and the Marxists.But we’ve left behind justificationism along with it’s source – scripture. Science is exclusively falsifications: Darwinian.The real insights of Mises, Rothbard,and Hoppe are obscured.. …by pseudoscientific propaganda. We solve social science in a century when no one else did: Mises discovered operationalism in economics, rothbard and hoppe reduced all social science to reciprocity (property), and it is possible to construct a formal logic of LAW. Yet those who had a direct connection to rothbard or rand are still grasping at straws of rationalist falsehood. Science is complete. Philosophy is relegated to preference and good. And justification went the way of scripture. Just how it is. They only got it half right. -
—“RE: BUT A PLANNER CANNOT KNOW WHICH RAILROAD IS ECONOMICALLY EFFICIENT TO BUILD”—
—“RE: BUT A PLANNER CANNOT KNOW WHICH RAILROAD IS ECONOMICALLY EFFICIENT TO BUILD”— (Responding only because some well intentioned fool ‘liked’ your reply) That’s false. Because all differences in economic productivity are reducible to time. Calculation is possible. The problem is competition that determines price, not the method by which price is calculated. You know, I have been working on this problem only since about 2001, and I know that Russo-Ukrainian Libertarianism was abandoned by intellectuals relatively quickly, but it’s still surprising that these nonsense arguments still persist. Mises was irrelevant. Rothbard was wrong. Hoppe took rothbard and restated it in the justificationary nonsense of Kant and the Marxists.But we’ve left behind justificationism along with it’s source – scripture. Science is exclusively falsifications: Darwinian.The real insights of Mises, Rothbard,and Hoppe are obscured.. …by pseudoscientific propaganda. We solve social science in a century when no one else did: Mises discovered operationalism in economics, rothbard and hoppe reduced all social science to reciprocity (property), and it is possible to construct a formal logic of LAW. Yet those who had a direct connection to rothbard or rand are still grasping at straws of rationalist falsehood. Science is complete. Philosophy is relegated to preference and good. And justification went the way of scripture. Just how it is. They only got it half right.