Category: Economics, Finance, and Political Economy

USA Stock Market provides best return on risk. USA:Stocks, UK:Bonds, Germany:Hea

USA Stock Market provides best return on risk. USA:Stocks, UK:Bonds, Germany:Heavy Capital, Russia: Military. Culture Risk = Biz. Risk

Source date (UTC): 2015-12-12 10:39:30 UTC

Original post: https://twitter.com/i/web/status/675626021895426049

Reply addressees: @wef

Replying to: https://twitter.com/i/web/status/675616196671221760

IN REPLY TO:

@wef

Can #Europe ever build its own Silicon Valley? https://t.co/Yg2c68VzkH #tech https://t.co/n5pwtNqPhd

Original post: https://twitter.com/i/web/status/675616196671221760

December 12, 2015
HUGH SMITH ON THE DECLINING AMERICAN ENTREPRENEUR I’m a fan of his work. He look

http://charleshughsmith.blogspot.com/2015/12/the-death-spiral-of-american.htmlCHARLES HUGH SMITH ON THE DECLINING AMERICAN ENTREPRENEUR

I’m a fan of his work. He looks at large trends, usually demographic.

I see this for what it is: demographic, cultural and racial, as well as the result of exporting knowledge and industry overseas. But the article is full of graphs and wonderful to read.

Source date (UTC): 2015-12-11 04:46:00 UTC

December 11, 2015
Dear Fellow Intellectuals – Especially in Academia. Learn The Language of Economics.

[T]he language of social science is now and will forever be, economics, just as the language of ratios is and will be mathematics. But when we say economics, we mean not monetary economics, but the terminology of costs, discounts and premiums. The effect of asymmetry of information. The language of equilibria. Acquisition, Inventory, Property-en-toto (demonstrated property) Incentive and retaliation Voluntary and moral exchange, involuntary and immoral takings. Cooperation, Boycott, and War. Acquisitions, Costs, and Full Accounting Opportunity costs, Transaction Costs Information and Asymmetry Portfolios and Equilibria Production and Reproduction, Genetic Pacification and Evolution The Intertemporal Division of reproductive Perception, Cognition, Labor, and Advocacy

December 10, 2015
Dear Fellow Intellectuals – Especially in Academia. Learn The Language of Economics.

[T]he language of social science is now and will forever be, economics, just as the language of ratios is and will be mathematics. But when we say economics, we mean not monetary economics, but the terminology of costs, discounts and premiums. The effect of asymmetry of information. The language of equilibria. Acquisition, Inventory, Property-en-toto (demonstrated property) Incentive and retaliation Voluntary and moral exchange, involuntary and immoral takings. Cooperation, Boycott, and War. Acquisitions, Costs, and Full Accounting Opportunity costs, Transaction Costs Information and Asymmetry Portfolios and Equilibria Production and Reproduction, Genetic Pacification and Evolution The Intertemporal Division of reproductive Perception, Cognition, Labor, and Advocacy

December 10, 2015
Krugman’s world view is that we can play musical chairs forever, and as long as

Krugman’s world view is that we can play musical chairs forever, and as long as the music never stops, and no one has to sit down, then it doesnt matter how many chairs there are (or how many have been privatized by financialization).

The problem is … shocks.

Eventually someone has to sit down.

Source date (UTC): 2015-12-10 12:53:00 UTC

December 10, 2015
THE TERM “CAPITALISM”? I use the terms: 1) “Consumer Capitalism”; 2) “Voluntary

http://fee.org/freeman/capitalism-is-the-wrong-word/RETIRING THE TERM “CAPITALISM”?

I use the terms:

1) “Consumer Capitalism”;

2) “Voluntary organization of production vs involuntary organization of production”;

3) “The voluntary organization of invention, investment, production, distribution and consumption, into sustainable adaptable networks of specialization and trade”;

…depending upon how deep a point I want to make.

There are only three methods of organizing man: force ( slavery/socialism ), exchange ( capitalism ), guilt/shame ( communism ). And under all three we keep only some of the proceeds. The debate is always how much.

The purpose of Cosmopolitan Libertinism is to force others to pay for all the commons. This is why Cosmopolitan Libertinism (“libertarianism”) fails to catch on beyond the socially challenged and autistically biased.

The purpose of Classical Liberalism is to construct commons free of privatization – since it is fear of privatization that diminishes incentive to produce commons. Despite the fact that commons – particularly normative commons that demand truth-telling, are a groups greatest competitive advantage.

Curt Doolittle

The Propertarian Institute

Kiev, Ukraine

Source date (UTC): 2015-12-10 03:29:00 UTC

December 10, 2015
THE FALLACY OF CRUSOE’S ISLAND EXPLAINED —And the Fallacy of Crusoe’s Island.

THE FALLACY OF CRUSOE’S ISLAND EXPLAINED

—And the Fallacy of Crusoe’s Island. Surrounded by the sea. But what does the sea that defends Crusoe’s island represent? It represents the walls of the ancient master’s house defended by master and warriors. It represents the ghetto’s walls defended by the european nobles and knights. It represents the eastern european territories defended by the Tsars and the Polish/Lithuanian Armies. It represents Israel defended by American Navy, Arms, Missiles, and money.—-

Cosmopolitanism is a worse failure than anglo liberalism.

Source date (UTC): 2015-12-09 12:42:00 UTC

December 9, 2015
The middle class speaks honestly: it can’t rent-seek. So it’s the language of pr

The middle class speaks honestly: it can’t rent-seek. So it’s the language of productive people. Trump speaks to producers.

Source date (UTC): 2015-12-08 16:26:03 UTC

Original post: https://twitter.com/i/web/status/674263680050155521

Reply addressees: @realDonaldTrump

Replying to: https://twitter.com/i/web/status/674261110262992896

IN REPLY TO:

Unknown author

@realDonaldTrump Trump is ending the postwar false consensus in domestic politics, as Putin ended it in international relations.

Original post: https://x.com/i/web/status/674261110262992896

IN REPLY TO:

@curtdoolittle

@realDonaldTrump Trump is ending the postwar false consensus in domestic politics, as Putin ended it in international relations.

Original post: https://x.com/i/web/status/674261110262992896

December 8, 2015
Both Paternal models make use of credit. But one tolerates risk, and the other t

Both Paternal models make use of credit. But one tolerates risk, and the other tolerates corruption.

Source date (UTC): 2015-12-07 05:56:00 UTC

Original post: https://twitter.com/i/web/status/673742735619305472

Reply addressees: @Jessicalessin @pmarca

Replying to: https://twitter.com/i/web/status/673702243997102080

IN REPLY TO:

@Jessicalessin

“Most of our first customers that were over a $1M have come as relationships through Andreessen Horowitz.” https://t.co/audNiOzvD7

Original post: https://twitter.com/i/web/status/673702243997102080

December 7, 2015
Entrepreneurial Paternalism vs State Capitalism seek the same end by different m

Entrepreneurial Paternalism vs State Capitalism seek the same end by different means. Classes differ in preference.

Source date (UTC): 2015-12-07 05:54:23 UTC

Original post: https://twitter.com/i/web/status/673742329824600064

Reply addressees: @Jessicalessin @pmarca

Replying to: https://twitter.com/i/web/status/673702243997102080

IN REPLY TO:

@Jessicalessin

“Most of our first customers that were over a $1M have come as relationships through Andreessen Horowitz.” https://t.co/audNiOzvD7

Original post: https://twitter.com/i/web/status/673702243997102080

December 7, 2015