Curt Doolittle

Category: Economics, Finance, and Political Economy

  • Is 93k A Good Income To Live In Bellevue, Wa?

    It’s an ‘average’ income for an individual and below average for a family. Bellevue is among the top three cities in America to live in – in part because it never had an industrial center, and no black (or other underclass) immigration. So you pay for it. The prices in the ‘green zone’ keep the riff-raff out. Bellvue is home to 200K family incomes and above. The only exceptions are the ‘old’ areas on the east side near I-90. Expect to pay twice what you’d expect for a lousy home. Expect to pay less at the top of the market.

    Why? Microsoft gave more of its profits to employees than any company in history, and may have given more to its employees than all companies in history combined. Those days are gone but that’s what created bellevue.

    So it’s a nice place to live – when it’s not raining.
    It’s always raining.

    https://www.quora.com/Is-93k-a-good-income-to-live-in-Bellevue-WA

  • There are no infinite goods including free trade. Unless you have performed a fu

    There are no infinite goods including free trade. Unless you have performed a full accounting such that you have measured the full set of externalities, then how can you blindly state that free trade is an objective good?

    When we form polities and construct markets we lower opportunity and transaction costs, and ‘ create opportunities’ – and through competition we seize them, converting a common asset into private goods, producing those private goods both as an individual and common good.

    When we trade with external parties in other polities and on other markets, we may or may not by externality produce good or harm.

    For example when we are compensating for resource and geographic differences this is hard to argue with.

    When we import or export products and services that create vulnerability we also do harm.

    When we are engaged in labor discounting then we may or may not be producing good.

    When we export advantageous technical knowledge we are surely harm.

    When we export medicines we are doing Harm in many ways.

    Price is a poor measure of total cost to capital.

    Source date (UTC): 2016-08-06 07:45:00 UTC

  • LABOR vs CALCULATING, ORGANIZING, NEGOTIATING, RISKING. (important) Labor itself

    LABOR vs CALCULATING, ORGANIZING, NEGOTIATING, RISKING.

    (important)

    Labor itself is trivial in its contribution to value compared with the organization of production, and the organization of the institutions that make possible the organization of production at scale. We get more paid for calculating than laboring, more for organizing than calculating, more for negotiating than organizing, more for risking the accumulated results of laboring, calculating, organizing, negotiating, and risking more than for negotiating. Man does not need to persuade the physical world to choose from a multitude of options according to preference. The physical world cannot choose. Man can. And it is convincing large numbers of people to chose to produce some set of various goods and services in an enormous complex web versus choose to work toward producing some other set that is the difficult job that individuals in each layer of our hierarchy are paid more for, than the labor to force the world to change, versus the calculating, organizing, negotating, and risking that it takes man to change.

    Curt Doolittle

    The Propertarian Institute

    Kiev, Ukraine

    Source date (UTC): 2016-08-01 15:40:00 UTC

  • This is what happens when your welfare state allows the underclass to breed up!

    This is what happens when your welfare state allows the underclass to breed up!

    https://www.facebook.com/peter.brandtman/posts/10209974912987939

    Source date (UTC): 2016-07-28 18:48:00 UTC

  • Children speak of morals and beliefs. Adults speak of incentives and institution

    Children speak of morals and beliefs. Adults speak of incentives and institutions. It’s not hard to separate argumentative boys from men.

    Source date (UTC): 2016-07-23 05:55:34 UTC

    Original post: https://twitter.com/i/web/status/756729450427998208

  • Children speak of morals and beliefs. Adults speak of incentives and institution

    Children speak of morals and beliefs. Adults speak of incentives and institutions. It’s not hard to separate argumentative boys from men.

    Source date (UTC): 2016-07-23 01:55:00 UTC

  • IT”S NOT CAPITALISM THAT’S THE PROBLEM —capitalism is a failure. It’s like the

    IT”S NOT CAPITALISM THAT’S THE PROBLEM

    —capitalism is a failure. It’s like the game monopoly. —

    Except monopoly is nothing at all like real life. And capitalism is responsible for raising the world out of endemic violence ignorance disease and poverty.

    The problem isn’t capitalism ( the voluntary organization of production ).

    It’s that the richer we become the more talented you need to be to earn a living.

    When we had unused talent most people could move up.

    Now we have passed the period where there is *unused* talent and entered the period where we have *unusable* talent.

    Societies progress just as evolution progresses: by eliminating the failures to produce from the gene pool.

    So has capitalism failed?

    Or have we failed to continue to constrain the reproduction of the unproductive?

    Source date (UTC): 2016-07-22 14:30:00 UTC

  • WHY WILL FIAT CURRENCY ALWAYS EXIST? The truth is that fiat currency is such an

    WHY WILL FIAT CURRENCY ALWAYS EXIST?

    The truth is that fiat currency is such an advantage that a people cannot compete without it.

    Competing currencies and commodities exist but they are not anywhere near as price stabilized as fiat money CAN be.

    So we are always going to have it. Probably digital will replace it and it will have to because the abuse of it has gotten out of hand.

    What real purpose does government debt serve over simply printing money and paying with it?

    You pay the price of interest in order to delay the equlibrial neutrality of money working through the economy.

    In other words, the faster new money moves the faster prices in the existing cycle of production adjust.

    Fast adjustment is bad if it interferes with production ( planning ) cycles.

    So instead we pay interest and sell government debt so that we inflate away the interest at about the same rate that prices adjust in the economy.

    Source date (UTC): 2016-07-21 13:07:00 UTC

  • SILICON VALLEY IS FIGHTING A LOSING BATTLE Why? because economic regionalization

    SILICON VALLEY IS FIGHTING A LOSING BATTLE

    Why? because economic regionalization is going to win (it has to). Because the USA is losing its dollar advantage (it has to). Because populism (self-defense) is the natural reaction to both (people have to).

    And all the valley leadership are doing is branding themselves as a political Hollywood v2, which can be regulated and taxed into submission.

    Ask Gates what happens when your government turns against you.

    The USA makes the EU look like mother Theresa when they go after you. Because they aren’t necessarily trying to win a case. They are trying to force you to submit through distracting and sewing uncertainty in your management team, the financial market, your shareholders, your employees, and forcing you to bear enormous opportunity, financial, and brand-sentiment costs.

    Ergo, Thiel is correct.

    Some of us understand how easy it would be for example to make the Hollywood lottery effect even more impossible than it is already. The same is for the tech giants of the day.

    The wild west of the internet is on its way to domestication. The dollar is on its way to domestication. Immigration is on its way to domestication. Overseas revenues are on their way to domestication. and the fact that tech is a distracting bright spot of profitability in an economy with few of them is a privilege that the valley takes for granted.

    Time to get on the bus.

    Source date (UTC): 2016-07-20 13:50:00 UTC

  • “The trend of centralization of the global economy will remain in the past. It w

    —“The trend of centralization of the global economy will remain in the past. It will be replaced by regionalization. In today’s economic instability, only systems with 0.5 to 1 billion people can be effective,”—

    —“A norm is an economic system with 0.5 to 1 billion people. This means that the world economy should fall into 5-6 relatively independent units as a result of the crisis.”—

    —” today there are two basic scenarios, based on an economic

    model. The first scenario – the salvation of the transnational price of the financial system of the US economy falls. The second scenario – the salvation of the US economy at the expense of the destruction of the global financial system. Since the Republican Party stands

    for the second scenario, for it has voted the majority of voters in 2014. The same trend we are seeing now. The Democratic Party supports the first scenario. However, the split between these scenarios is not between parties, but across them: for example, Republican George W. Bush is committed to the first scenario, a Democrat Bernie Sanders – second. But now, in the midst of the election race, it is obvious that Donald Trump represents the interests of isolationists and Hillary Clinton – globalists. That is, they are two wings of the split

    of the American elite. That is why all attempts to assess their chances of election of the President, based on the old system, where important vote count individual representatives of American society, will not work.”—

    Source date (UTC): 2016-07-20 13:20:00 UTC