Category: Economics, Finance, and Political Economy

  • Democracy, Population Density, and Commons

    As a general rule, roughly doubling population density gains a 15% increase in both all goods and all bads. Why? Because the opportunity cost decreases. That should be pretty obvious. But now, let’s take a look at what happens to Commons: normative, institutional, and physical. They get cheaper. But they also get less valuable. Becuase the primary commons that produces returns is just density. But what happens to commons in non-urban areas: they get expensive, and they get more important. Because what sustains a population in the production of consumption, generations (families); goods, services, and information; commons, institutions, and territory. This explains the very great difference between cities, suburbs, and rural areas: government produces commons, under the perception of uniform cost and value to humans when the value of commons is determined by the difficulty in creating them, preserving and maintaining them, and the cost of infractions gainst them. We have the electoral college to ensure that the large states that have such discount on commons production cannot overwhelm the smaller states with smaller budgets, or smaller populations or smaller territories. But what we do NOT have is votes within states determined by opportunity costs: population density. Yet we tax people by income which to some degree reflects population density, because income is determined largely by that density, because opportunities are determined by that density. Now there is a trade-off between the ‘cheapness’ of opportunities for CONSUMPTION in the city versus the expense of opportunities for INVESTMENT in the suburban and rural areas. I hadn’t really given this much thought in the past although it’s intuitively obvious that the electoral college is necessary to prevent the people living off cheap commons in cities to force harm to the people in lower density places with expensive commons. But since the entire purpose of government is the production of commons then it’s only logical: we lack a means of calculating the differences in these invisible differences in opportunity costs, and that without compensating for density, we are harming the suburban and rural areas. Now, of course, we could say that rural and suburban areas don’t matter, but the truth is that cities are dysgenic IQ sinks, cultural conflict generators, and debt increasers, as well as helpful marketplaces And that the reason that we immigrated so many people into this country after 1803’s Louisiana Purchase was to fill up the west with people, so that we could hold the territory in case the Europeans decided to come back and take it again. Because you only hold territory as both a resource and as a buffer against competitors if it’s full enough of people to do so. if votes were weighted by county by population density, that would ameliorate the differences between the different opportunity costs. Now is this going to happen? Unlikely. So the alternative is secession so that regions, states, and localities can produce with government that which government is necessary to produce: commons. And my alternative is to convert government from a monopoly to a market for the production of commons so that groups can produce local commons that they desire without the interference of others. May a thousand nations bloom. Curt Doolittle The Propertarian Institute Kiev, Ukraine

  • Democracy, Population Density, and Commons

    As a general rule, roughly doubling population density gains a 15% increase in both all goods and all bads. Why? Because the opportunity cost decreases. That should be pretty obvious. But now, let’s take a look at what happens to Commons: normative, institutional, and physical. They get cheaper. But they also get less valuable. Becuase the primary commons that produces returns is just density. But what happens to commons in non-urban areas: they get expensive, and they get more important. Because what sustains a population in the production of consumption, generations (families); goods, services, and information; commons, institutions, and territory. This explains the very great difference between cities, suburbs, and rural areas: government produces commons, under the perception of uniform cost and value to humans when the value of commons is determined by the difficulty in creating them, preserving and maintaining them, and the cost of infractions gainst them. We have the electoral college to ensure that the large states that have such discount on commons production cannot overwhelm the smaller states with smaller budgets, or smaller populations or smaller territories. But what we do NOT have is votes within states determined by opportunity costs: population density. Yet we tax people by income which to some degree reflects population density, because income is determined largely by that density, because opportunities are determined by that density. Now there is a trade-off between the ‘cheapness’ of opportunities for CONSUMPTION in the city versus the expense of opportunities for INVESTMENT in the suburban and rural areas. I hadn’t really given this much thought in the past although it’s intuitively obvious that the electoral college is necessary to prevent the people living off cheap commons in cities to force harm to the people in lower density places with expensive commons. But since the entire purpose of government is the production of commons then it’s only logical: we lack a means of calculating the differences in these invisible differences in opportunity costs, and that without compensating for density, we are harming the suburban and rural areas. Now, of course, we could say that rural and suburban areas don’t matter, but the truth is that cities are dysgenic IQ sinks, cultural conflict generators, and debt increasers, as well as helpful marketplaces And that the reason that we immigrated so many people into this country after 1803’s Louisiana Purchase was to fill up the west with people, so that we could hold the territory in case the Europeans decided to come back and take it again. Because you only hold territory as both a resource and as a buffer against competitors if it’s full enough of people to do so. if votes were weighted by county by population density, that would ameliorate the differences between the different opportunity costs. Now is this going to happen? Unlikely. So the alternative is secession so that regions, states, and localities can produce with government that which government is necessary to produce: commons. And my alternative is to convert government from a monopoly to a market for the production of commons so that groups can produce local commons that they desire without the interference of others. May a thousand nations bloom. Curt Doolittle The Propertarian Institute Kiev, Ukraine

  • Regarding the future of the young generations: Past Performance Is Not Indicativ

    Regarding the future of the young generations: Past Performance Is Not Indicative of Future Returns. You were sold a lie. Not gonna happen.


    Source date (UTC): 2016-11-13 23:06:23 UTC

    Original post: https://twitter.com/i/web/status/797938691113000960

  • people have a visible demonstrated and necessary desire to reduce transaction an

    people have a visible demonstrated and necessary desire to reduce transaction and oppy costs. they want predictability


    Source date (UTC): 2016-11-13 23:00:41 UTC

    Original post: https://twitter.com/i/web/status/797937254584893440

    Reply addressees: @ThisMachin

    Replying to: https://twitter.com/i/web/status/797937023977852928


    IN REPLY TO:

    @ThisMachin

    @curtdoolittle you think people have a secret desire to be controlled? Or is it possible that they have a fantasy to control?

    Original post: https://twitter.com/i/web/status/797937023977852928

  • no one says it isn’t real. the question is whether it matters, and whether we re

    no one says it isn’t real. the question is whether it matters, and whether we reduce population or consumption.


    Source date (UTC): 2016-11-13 08:14:20 UTC

    Original post: https://twitter.com/i/web/status/797714200760094720

    Reply addressees: @ThisMachin @CatoInstitute

    Replying to: https://twitter.com/i/web/status/797685127098855424


    IN REPLY TO:

    @ThisMachin

    @curtdoolittle @CatoInstitute The joke will be o your grandchildren who will think “my grandpa believed global warming wasn’t real”

    Original post: https://twitter.com/i/web/status/797685127098855424

  • impossible, since markets predate the state

    impossible, since markets predate the state.


    Source date (UTC): 2016-11-13 08:13:01 UTC

    Original post: https://twitter.com/i/web/status/797713866025271296

    Reply addressees: @ThisMachin

    Replying to: https://twitter.com/i/web/status/797684698772180992


    IN REPLY TO:

    @ThisMachin

    @curtdoolittle markets are tools created by the state.

    Original post: https://twitter.com/i/web/status/797684698772180992

  • DEFINITIONS EMPLOYEE Responsible for own provision of room and board and care fr

    DEFINITIONS

    EMPLOYEE

    Responsible for own provision of room and board and care from the product of one’s wages.

    FARMER

    Holds sufficient land and labor to produce goods not only for consumption but for sale in the market, as personal property.

    PEASANT

    Holds a small plot of land farmed by the family, for family consumption, as family property (this is an important distinction) – one does not have control over the property – the family does..

    SERF

    Holds access to a portion of land for family in exchange for a combination of labor on the manor’s holdings, in addition to some percentage of his personal production. And is bound to the land, having little or no right of exit except under certain conditions.

    INDENTURED SERVITUDE

    Receives room and board, and possible small spending money, in exchange for labor. But loses right of exit.

    SLAVE

    Bound to the land, manor, and or family, providing room board and clothing, but holds no title or rent, and no discretion.

    slavery as we understand it is an historical fabrication. one could be everything from the equivalent of a full-time household employee treated as a cherished member of the family, to a farm hand, to a disposable laborer, to a prisoner with no chance of survival working in the mines.

    PRISONER (SLAVE)

    terrible conditions which you might not be expected to survive, under hard labor, as a form of punishment.


    Source date (UTC): 2016-11-12 14:23:00 UTC

  • NO. NUMERIC ACCOUNTS DO NOT CONTAIN MONEY (everything you need to know about mon

    NO. NUMERIC ACCOUNTS DO NOT CONTAIN MONEY

    (everything you need to know about money but were too ignorant to ask)

    All credit-money consists entirely of promises – not reserves not assets – just promises. Promises are made using presumptions about the future. If the future that those promises were envisioned in, disappears, then those promises CANNOT be fulfilled. People with ‘accounts’ never had ‘money’ – they had ‘promises of possible money’. All credit money consists of nothing but promises of possible money. period. end of story.

    So when some vast number of promise-money disappears, that means that the possible future disappeared. The money never existed. The money never had the opportunity to exist. The promises cannot be fulfilled.

    This is why the entire economic system is confusing to ordinary people. The only money you have is the money that you could use if the government disappeared tomorrow for good. Everything else is just a stock certificate for an investment in a company that is fully leveraged, and has only a little cash, but can issue new stock certificates at will, diluting the value of each previous stock certificate.

    The US government is a highly leveraged corporation and each dollar bill is a stock certificate, and each dollar of credit money is a promise of future stock certificates if you can fulfill you promises.

    THIS DESCRIBES THE TRUE (SCIENTIFIC) CONTENT OF WHAT YOU CONSIDER MONEY.

    1 – Money-Proper (commodity money).

    2 – Note-Money (notes issued against 100% reserve deposits)

    3 – Fractional-Reserve-Money (notes issued against x% reserve deposits) (promises)

    4 – Credit Money (stock certificates issued against promises of future money) (promises)

    5 – Fiat Money (Stock certificates in the tax returns on a state, as a monopoly, and enforced by law.) (more reliable promises)

    6 – Debt Instruments (too many to list – all sorts of debt) (less reliable promises)

    7 – Debt Default (insurance) Instruments (too many to list) (insurance against failed promises)

    8 – Shares of common stock with mandatory dividends (gambling on performance) (somewhat reliable promises)

    9 – Shares of Common Stock, in public companies (gambling on gullibility of other gamblers). (totally unreliable promises)

    Money is money. Everything else is just a promise. Promises are only as good as the people promising them’s ability to predict the future.

    And we know how good we are at predicting the future: foolishly optimistic.

    The western miracle is largely the result of conquering and selling off the American continent, the benefits of burning off stored petroleum products, and a three thousand five hundred years of evolving the technology we call accounting, empirical science, and the natural common law of contract.

    You are, we are, I am, heavily invested in a highly leveraged corporation under the assumption that we can continue to out-invent competing nations, in the next generation as successfully as we have out-invented them in the past 500 years, since we invented the technology of empiricism, and conquered the American continent.

    The entire ‘progressive’ program hinges on the assumption that we can continue to *invent* marginal differences in technology faster than competitors do – despite the fact that we no longer hold a monopoly on the technology that makes rapid invention possible: accounting, empiricism, and empirical contract law.

    So for example, just as Apple is making almost all its money on an iPhone, but if the iPhone era ends, the apple stock (and income) will crash; we Americans and Europeans, are heavily invested in stock certificates and promises of future stock certificates if we are able to continue to invent new technologies (in all their forms) faster than our competitors who now possess our same technologies.

    This is the basic argument conservatives have been unable to make over the past century. And you (we) were told that the source of our prosperity was democracy. This is false. Democracy is a useful means of distributing the windfall profits from 3500 years of western evolution of the technology of empiricism (truth telling) and the conquest and sale of a continent. We call that the cultural equivalent of winning the lottery. And the American system of government and our entire economy, are based on the likelihood that we will win another lottery. Despite the fact that we have only won three of them in 3500 years:

    1) the combination of wheel, horse, and bronze enabled us to conquer Eurasia, because of the technology of mobility and armor.

    2) the Greek invention of truth, reason, and proto-science combined with the discovery of local silver mines.

    3) the English invention of empiricism and science, combined with the discovery of a continent of primitives.

    That’s it. It’s not more complicated than that.

    Progressives are always wrong. Conservatives are always incompetent at communication. Together it’s been a catastrophe.

    Curt Doolittle

    The Propertarian Institute

    Kiev, Ukraine.


    Source date (UTC): 2016-11-11 18:17:00 UTC

  • Can we shut down economics departments? No. We can however forbid the publicatio

    Can we shut down economics departments? No. We can however forbid the publication of pseudoscience: involuntary transfers.


    Source date (UTC): 2016-11-11 17:10:23 UTC

    Original post: https://twitter.com/i/web/status/797124324708810753

  • The purpose of economics is to justify theft, and produce disincentives for mora

    The purpose of economics is to justify theft, and produce disincentives for moral policy and action. The cult of immorality for 100 years.


    Source date (UTC): 2016-11-11 17:05:18 UTC

    Original post: https://twitter.com/i/web/status/797123044657467393