Category: Economics, Finance, and Political Economy

  • MORITZ BIERLING NAILS IT: —“It’s rather simple really. Once you see costs beyo

    MORITZ BIERLING NAILS IT:

    —“It’s rather simple really. Once you see costs beyond prices, and returns beyond profit, what we previously thought to be simply parasitic extraction is revealed as payment for participation in the market created by the aristocracy and maintained by the militia.

    It’s all about the accounting.”— Moritz Bierling


    Source date (UTC): 2016-11-19 18:21:00 UTC

  • The Climate Change Question is a Deception to Distract from the Real Problem: Populations and Energy.

    —“Curt: What are your views on anthropogenic climate change?”— The question is not whether the climate is changing (it always does), and not whether we are contributing to it (it seems like we might be), but whether our contributions are meaningful (causing a marginal difference), or whether they are merely noise amidst the normal solar cycles (hard to tell), and whether given that we should be entering another period of cooling (it seems though we are), even if we will raise the temperature, if it’s actually harmful or beneficial. Now, even if that is said we must choose between lowering the consumption of energy, lowering our use of petroleum products, or lowering the size of the population. The evidence would indicate that the most important method of correcting the problem is to convert to nuclear power where possible, and to reduce the population of the planet to the point where we able to consume (convert) as much energy as we possibly can, in order to innovate (and exit the planet) as fast as we can. Or whether we expand the population indefinitely. This is the real debate. And the rest of it’s all lies as far as I can understand. 1B seems to be a good top number for a planet like earth.

  • The Climate Change Question is a Deception to Distract from the Real Problem: Populations and Energy.

    —“Curt: What are your views on anthropogenic climate change?”— The question is not whether the climate is changing (it always does), and not whether we are contributing to it (it seems like we might be), but whether our contributions are meaningful (causing a marginal difference), or whether they are merely noise amidst the normal solar cycles (hard to tell), and whether given that we should be entering another period of cooling (it seems though we are), even if we will raise the temperature, if it’s actually harmful or beneficial. Now, even if that is said we must choose between lowering the consumption of energy, lowering our use of petroleum products, or lowering the size of the population. The evidence would indicate that the most important method of correcting the problem is to convert to nuclear power where possible, and to reduce the population of the planet to the point where we able to consume (convert) as much energy as we possibly can, in order to innovate (and exit the planet) as fast as we can. Or whether we expand the population indefinitely. This is the real debate. And the rest of it’s all lies as far as I can understand. 1B seems to be a good top number for a planet like earth.

  • Eli Harman: —“If you disallow heuristics based on statistical data which is mo

    Eli Harman:

    —“If you disallow heuristics based on statistical data which is more readily available and less costly than individual information, you leave huge gains on the table. You will be beaten by people who seize them. Institutions, at least at the higher levels, can be composed of and by cognitive elites who can afford a more correct and complete account of things. But for the man on the street, tribes are an indispensable expedient.”—


    Source date (UTC): 2016-11-18 08:08:00 UTC

  • It’s Not ‘Bourgeoise To Build An Economy’ You Idiots.

    Warriors are cheap because testosterone is cheap. Warfare is expensive. High Art – Monuments, culture, arts – are the result of conquest. So stop wasting my time. Ok? Culture is the result of wealth made possible by the organized application of violence to construct means of production that provide superior technological and logistical advantage. So please. masturbate somewhere else. ok? I am thrilled to keep the teenagers happy, and individual excellence is an exceptional resource. But if you can’t accumulate numbers necessary for warfare you’re just jerking off. You aren’t a warrior you’re a dilatant.

    Wars are won by technology and supply lines. And technology costs. Why? The marginal difference between individuals with weapons is far more a factor of exhaustion than it is of ability. War is a game of errors, not excellences. (It’s like I gotta take everyone back to f—ing grade school)
  • It’s Not ‘Bourgeoise To Build An Economy’ You Idiots.

    Warriors are cheap because testosterone is cheap. Warfare is expensive. High Art – Monuments, culture, arts – are the result of conquest. So stop wasting my time. Ok? Culture is the result of wealth made possible by the organized application of violence to construct means of production that provide superior technological and logistical advantage. So please. masturbate somewhere else. ok? I am thrilled to keep the teenagers happy, and individual excellence is an exceptional resource. But if you can’t accumulate numbers necessary for warfare you’re just jerking off. You aren’t a warrior you’re a dilatant.

    Wars are won by technology and supply lines. And technology costs. Why? The marginal difference between individuals with weapons is far more a factor of exhaustion than it is of ability. War is a game of errors, not excellences. (It’s like I gotta take everyone back to f—ing grade school)
  • In other words, we could leverage @DRUDGE to kill off (declining) Twitter’s deep

    In other words, we could leverage @DRUDGE to kill off (declining) Twitter’s deep debt.Then with that success compete with FB: Full Reversal.


    Source date (UTC): 2016-11-16 13:24:25 UTC

    Original post: https://twitter.com/i/web/status/798879398137069568

  • So if Twitter bans the right, it simply creates a market for @DRUDGE to take mar

    So if Twitter bans the right, it simply creates a market for @DRUDGE to take market share, and put an end to their leveraged business:dead.


    Source date (UTC): 2016-11-16 13:18:51 UTC

    Original post: https://twitter.com/i/web/status/798877998455943168

  • @_DanielleBasile it’s not hate. it’s just true. costs. we don’t want to pay cost

    @_DanielleBasile it’s not hate. it’s just true. costs. we don’t want to pay costs.


    Source date (UTC): 2016-11-15 18:25:47 UTC

    Original post: https://twitter.com/i/web/status/798592850153865216

  • @_DanielleBasile most of it is ‘true’ in the sense that diversity increases fric

    @_DanielleBasile most of it is ‘true’ in the sense that diversity increases frictions and lowers trust in exchange for signaling.


    Source date (UTC): 2016-11-15 18:24:35 UTC

    Original post: https://twitter.com/i/web/status/798592547568304129