Curt Doolittle

Category: Economics, Finance, and Political Economy

  • State – Business Alliances

    STATE BUSINESS ALLIANCES Forms of subsidy to companies that engage in international trade produces multipliers. The math has been done. That’s why it continues. In fact, throughout history, the state-biz partnership in international trade has been a requirement at worst, and the central source of economic competition at best. The problem with state-business relations occurs when:

    (a) consumers have no standing in court against violations of reciprocity in the domestic market, and

    (b) politicians grant rights and privileges in the domestic market

    (c) when zombie (dead) corporations are kept alive for political reasons. In the american case, corporations pay the highest taxes in the world. But our total tax rate is relatively low. Most advanced countries ( meaning those with audit-able financial systems) use VAT tax increases to offset corporate taxes. But you can easily see where that goes…. Libertarianism benefits from a little knowledge of economics, with a heavy dose of obscurantist moralizing. A little knowledge is a dangerous thing. And that is why there are many passionate libertarians, and only a half dozen libertarian ‘intellectuals’. Its because once you possess more than a little knowledge you either choose conservatism (long term and eugenic) or social democracy (short term and dysgenic).

  • State – Business Alliances

    STATE BUSINESS ALLIANCES Forms of subsidy to companies that engage in international trade produces multipliers. The math has been done. That’s why it continues. In fact, throughout history, the state-biz partnership in international trade has been a requirement at worst, and the central source of economic competition at best. The problem with state-business relations occurs when:

    (a) consumers have no standing in court against violations of reciprocity in the domestic market, and

    (b) politicians grant rights and privileges in the domestic market

    (c) when zombie (dead) corporations are kept alive for political reasons. In the american case, corporations pay the highest taxes in the world. But our total tax rate is relatively low. Most advanced countries ( meaning those with audit-able financial systems) use VAT tax increases to offset corporate taxes. But you can easily see where that goes…. Libertarianism benefits from a little knowledge of economics, with a heavy dose of obscurantist moralizing. A little knowledge is a dangerous thing. And that is why there are many passionate libertarians, and only a half dozen libertarian ‘intellectuals’. Its because once you possess more than a little knowledge you either choose conservatism (long term and eugenic) or social democracy (short term and dysgenic).

  • STATE BUSINESS ALLIANCES Forms of subsidy to companies that engage in internatio

    STATE BUSINESS ALLIANCES

    Forms of subsidy to companies that engage in international trade produces multipliers. The math has been done. That’s why it continues. In fact, throughout history, the state-biz partnership in international trade has been a requirement at worst, and the central source of economic competition at best.

    The problem with state-business relations occurs when (a) consumers have no standing in court against violations of reciprocity in the domestic market, and (b) politicians grant rights and privileges in the domestic market (c) when zombie (dead) corporations are kept alive for political reasons.

    In the american case, corporations pay the highest taxes in the world. But our total tax rate is relatively low. Most advanced countries ( meaning those with auditable financial systems) use VAT tax increases to offset corporate taxes. But you can easily see where that goes….

    Libertarianism benefits from a little knowledge of economics, with a heavy dose of obscurantist moralizing. A little knowledge is a dangerous thing. And that is why there are many passionate libertarians, and only a half dozen libertarian ‘intellectuals’. Its because once you possess more than a little knowledge you either choose conservatism (long term and eugenic) or social democracy (short term and dysgenic).

    Source date (UTC): 2017-03-17 08:59:00 UTC

  • BEST DEFINITION OF CAPITALISM YOU WILL FIND

    https://propertarianism.com/2015/07/07/capitalism-refers-to-a-bias-within-government-not-a-system-of-government/THE BEST DEFINITION OF CAPITALISM YOU WILL FIND

    Source date (UTC): 2017-03-17 08:30:00 UTC

  • ECONOMIC SCHOOLS IN ONE LESSON (from elsewhere) Can I put the seed of an idea in

    ECONOMIC SCHOOLS IN ONE LESSON

    (from elsewhere)

    Can I put the seed of an idea in your head?

    AUSTRIAN

    Austrian School: the search for economics of social science (natural law), and the means of improving institutions of cooperation without interference in the information system of the economy. Assumes the civilizational, generational, business, vocational, pedagogical, and fashion cycles, if interfered with, will produce greater subsequent harm than good. (CONSERVATIVE/ACHIEVED MASCULINE evolutionary strategy – eugenic – long term time preference )

    CHICAGO

    Chicago School: the search for economics under rule of law limited to predictable, rule based, interference in the information system of the economy, as a means of insuring against unnecessary asymmetries of information. Assumes civilization, generational, business, vocational, pedagogical, and fashion cycles will benefit from removal of unnecessary resistance. (LIBERTARIAN/ASCENDANT MASCULINE evolutionary strategy – balanced – medium term time preference )

    SALTWATER

    Saltwater School: the search for economics of discretionary rule, the abandonment of rule of law, and the abandonment of institutional improvements to cooperation in search for the maximization of consumption. Assumes civilizational, generational, business, vocational, pedagogical, and fashion cycles are both less important than current consumption, and that the benefits of current consumption will (like borrowing against interest), outweigh the later consequences (similar to how the non neutrality of money is simply absorbed inconsequentially in niche effects. )(PROGRESSIVE/FEMININE evolutionary strategy – dysgenic – short term time preference.)

    Source date (UTC): 2017-03-13 15:14:00 UTC

  • Is It Ok To Be Socialistic Or Anti-capitalistic Sometimes?

    All societies consist of mixed economies. We have abandoned the experiment with socialism world wide (the central organization of the economy) and instead have settled on the federal production of commons, the mixed production of core industries, and the private production of goods, services, and information. So there exist no socialist and no capitalist economies – only mixed economies. And we debate how much production of commons, how much investment in core industries, and how much liberty in the private sector economy, and how much taking from private production to give out as redistribution for unproductive periods due to age, unemployment, and care-taking.

    The first problem that we face is human nature. Everyone will take all the free rides he can get. Secondly, we face a great lie: that is that the wealthier we become, the lower the demand for people who cannot learn on their own (people who cannot handle college level independent learning) and that all people can achieve middle income status if even if they cannot produce middle income market value.

    So it is not OK to be ignorant and have an opinion about such things if you lack the knowledge to hold such an opinion. The fact of the matter is that economics is not very different from hydraulics. Where small changes can produce very large changes elsewhere – and visa versa. And where any ‘gap’ or will fill in with water at the first opportunity, just like all people will seek to make theirs whatever they can at every opportunity.

    https://www.quora.com/Is-it-OK-to-be-socialistic-or-anti-capitalistic-sometimes

  • Is It Ok To Be Socialistic Or Anti-capitalistic Sometimes?

    All societies consist of mixed economies. We have abandoned the experiment with socialism world wide (the central organization of the economy) and instead have settled on the federal production of commons, the mixed production of core industries, and the private production of goods, services, and information. So there exist no socialist and no capitalist economies – only mixed economies. And we debate how much production of commons, how much investment in core industries, and how much liberty in the private sector economy, and how much taking from private production to give out as redistribution for unproductive periods due to age, unemployment, and care-taking.

    The first problem that we face is human nature. Everyone will take all the free rides he can get. Secondly, we face a great lie: that is that the wealthier we become, the lower the demand for people who cannot learn on their own (people who cannot handle college level independent learning) and that all people can achieve middle income status if even if they cannot produce middle income market value.

    So it is not OK to be ignorant and have an opinion about such things if you lack the knowledge to hold such an opinion. The fact of the matter is that economics is not very different from hydraulics. Where small changes can produce very large changes elsewhere – and visa versa. And where any ‘gap’ or will fill in with water at the first opportunity, just like all people will seek to make theirs whatever they can at every opportunity.

    https://www.quora.com/Is-it-OK-to-be-socialistic-or-anti-capitalistic-sometimes

  • THE LANGUAGES AND CLASSES OF ECONOMICS (h/t Jacob Liam Youngman ) In the intelle

    THE LANGUAGES AND CLASSES OF ECONOMICS

    (h/t Jacob Liam Youngman )

    In the intellectual division of labor there are those of use who use the discipline of economics as extension of natural law, those for utilitarian purposes, and those for exploitative purposes.

    So you will find a host of people like Thiel, Me, and Emil Suric, for whom economics is one of the sciences we rely upon in the pursuit of the evolutionary good – in the absence of dishonesty and conflict. Which is a very low (long) time preference, put to very moral (cooperative) ends. And you will find people like krugman and delong who rely upon economics for high (short) time preference, put to immoral (dysgenic) ends, using it as a means of conflict, and embracing the dishonesty that is possible by the use of quantitative aggregates and cherry picking of measurements.

    Within these groups: the Natural Law (Social Science) group that thinks in the long term, the pragmatist group that seeks to use economics within Rule of Law (non-discretionary rule based action) in the medium term, and the short term “we’ll fix it later” Discretionary Rule group – arguments are relatively consistent.

    The only difficulty for the common person is that without a ‘label’ that identifies the short dysgenic, medium pragmatic and meritocratic, and the long term meritocratic and eugenic, it’s hard to know which team an economist is playing for.

    But again, within each team, it is very, very, obvious what team each of us is playing for.

    But since economics has displaced morality as the method of decidability in politics; and because economics has evolved largely as a pseudoscience due to the short-term incentives of the discretionary rulership; and because we live under majority (monopoly) rule, its not possible for us to conduct trades between the short medium and long term ‘classes’.

    Realistically the left short female dysgenic underclass and the pseudoscientific priesthoood that rules on their behalf by parasitic transfer of wealth; the aspirational, pragmatic, male meritocratic commercial, financial, and entrepreneurial sector that tries to create wealth, and the conservative, defensive, masculine meritocratic judicial martial and familial sector that tries to preserve wealth that has been accumulated.

    So we have a martial and entrepreneurial middle and working class that remain the only moral people remaining. And we have the state, academy, media complex that conspires against the martial and entrepreneurial.

    So People like “US” all sound the same. What we lacked was the language to argue honestly, rationally, and empirically against the dysgenic parasitic financialization of rule that uses pseudoscience and propaganda and the state to circumvent natural law and rule of law.

    My hope is that as our circle expands from a few dozen to a few hundred that we will produce and distribute that language and through its frequent use, empower the martial, entrepreneurial, working and middle classes to overthrow their dysgenic oppressors.

    Source date (UTC): 2017-03-09 09:16:00 UTC

  • EVERYTHING CAN BE PRICED IN WATTS (OR CALORIES) —“The market always works, but

    EVERYTHING CAN BE PRICED IN WATTS (OR CALORIES)

    —“The market always works, but it’s not always priced in dollars. Eventually, perhaps everything can be priced in watts (for instance, Steve-seconds is convertible to watts, but each person has a different conversion rate), and imposed costs will be as easy to avoid as saying “sorry, you requesting that I learn new pronouns for your gender dysmorphia will likely cost me at least a few hours in my lifetime in discussion, corrections and explanations, and if it normalizes your disorder and expands it, even if you paid me for that time, the cost to my descendants in confusing them when it comes to producing the next generation for spreading intelligent life in the universe is certainly not worth the exchange you are offering. What exactly do you have to offer me in exchange for these enormous costs your gender dysmorphia is imposing?”— Steve Pender

    Source date (UTC): 2017-03-06 12:53:00 UTC

  • THE LAW OF CONSERVATION OF COSTS by Joel Davis Much like thermodynamics – where

    THE LAW OF CONSERVATION OF COSTS

    by Joel Davis

    Much like thermodynamics – where energy cannot be created or destroyed merely transformed – in economics, cost cannot be created or destroyed, merely transferred.

    The Government offsets limited liability with the cost it bares to establish the sovereignty with which it can limit liability.

    Without a Sovereign Insurer, businesses which impose damages on other parties would likely face retaliation unless they compensate for their damages. The Sovereign supresses this retaliation with superior force, yet it spares the party upon whom damages have been imposed the cost of retaliation by also insuring them against these damages, albeit within limits.

    Violence is just another form of labour, and a costly one at that. Just as labour has a price, so does violence.

    If you don’t like it, take up arms and revolt against the Government, if you can afford it.

    Source date (UTC): 2017-03-06 00:03:00 UTC