Curt Doolittle

Category: Economics, Finance, and Political Economy

  • capitalism: the voluntary organization of production and consumption. Socialism

    capitalism: the voluntary organization of production and consumption. Socialism the involuntary organization of both.

    Source date (UTC): 2015-10-25 22:48:03 UTC

    Original post: https://twitter.com/i/web/status/658414750754320384

    Reply addressees: @David_Boaz @pbump

    Replying to: https://twitter.com/i/web/status/658412000784044032

    IN REPLY TO:

    @David_Boaz

    “Defining socialism” w/o mentioning nationalization or centralizing planning? @pbump https://t.co/vofDnqbTqD

    Original post: https://twitter.com/i/web/status/658412000784044032

  • Untitled

    https://mises.org/blog/poor-us-are-richer-middle-class-much-europe

    Source date (UTC): 2015-10-25 14:30:00 UTC

  • THE PREDATORY FINANCIAL SYSTEM

    http://www.amazon.co.uk/Other-Peoples-Money-Universe-Servants-ebook/dp/B00UJD8AS2DISMANTLE THE PREDATORY FINANCIAL SYSTEM

    http://www.amazon.co.uk/Other-Peoples-Money-Universe-Servants-ebook/dp/B00UJD8AS2?

    Source date (UTC): 2015-10-24 19:35:00 UTC

  • WHAT IS THE UTILITY OF OFFSHORE WEALTH COMPARED TO GOVERNMENT CORRUPTION? I cann

    http://ftalphaville.ft.com/2015/10/21/2142483/the-case-against-luxembourg/BUT, WHAT IS THE UTILITY OF OFFSHORE WEALTH COMPARED TO GOVERNMENT CORRUPTION?

    I cannot imagine in my wildest dreams that whatever is held offshore by private individuals and put to work in the economy is not the best possible use of that money for mankind. I am far more concerned about worldwide political corruption, and world wide political rent seeking, and world wide parasitism than I am about people seeking to put money to much better uses than all extant governments appear to.

    Source date (UTC): 2015-10-24 15:23:00 UTC

  • REFORMATION OF THE STUDENT LOAN SYSTEM The solution I usually advocate, given wh

    REFORMATION OF THE STUDENT LOAN SYSTEM

    The solution I usually advocate, given what I have learned both from Sowell’s work and the evidence coming in over the past decade, is first, that we should force universities to obtain payment as a deduction from payroll over some number of years, at a maximum of ten percent – with the treasury providing the loans. And in doing so require that administration costs are under twenty percent, and that all increases in their endowments come from contributions.

    Secondly we must separate graduate school research faculty from undergraduate teaching faculty. Without this structure the perverse incentives of the Academy/State/Media complex will persist in privatizing vast amounts of social wealth without warranty of future value.

    The Academy is the largest industry not required to provide warranty on basic goods and services. And like any business that can circumvent warranty, it does so profligately.

    http://marginalrevolution.com/marginalrevolution/2015/10/free-college-tuition-for-everyone.html

    Source date (UTC): 2015-10-23 06:54:00 UTC

  • THE LIMIT OF GOODNESS IN FREE TRADE. The question is rarely free trade but the l

    THE LIMIT OF GOODNESS IN FREE TRADE.

    The question is rarely free trade but the long term strategic and short term civic impact of loss of human capital.

    And trade regulation is like violence and can be put to good or ill.

    Bargaining with it is different from giving away rents. Making use of comparative advantage is different from losing strategic knowledge and capacity.

    Weaponising comparative advantage in labor costs, credit, or technology is fairly easy and a common occurrence.

    The most common example is selling mosquito nets in Africa and driving the local business out, then deciding it isn’t profitable enough of a market. The same is true for driving customer service and choice and quality from a market. Artificially constrained scarcity is frequently used to subsidise excellence in what would otherwise be a lowest common denominator market.

    Shopping malls, tourist areas, City Centers, neighbourhood housing designs, regional building codes, inventory catalog assortments, national product distributions, advanced research and development industries and even elite universities and large industrial employers all practice the desire to maintain the quality and variety or consistency of their offerings. And it is precisely this technique which generates comparative advantage.

    There are no limitless general rules in economics. The limit of the good of free trade is rent seeking but not does not include capital accumulation.

    Lower short term prices at the expense of long term capital is one of the worst possible false efficiencies because it is not in fact productive.

    Just as protection used to fund privatisation and political influence is one of the worst inefficiencies because it is neither productive nor increases capital nor produces discounts for consumers.

    I distrust most current libertarian arguments because they all rely on limitless general rules which cannot exist in economics – a body of thought which describes equilibrial not linear processes.

    So you should mistrust then just as much as any Keynesian restatement of Marxism.

    Curt Doolittle

    The Philosophy of Aristocracy

    The Propertarian Institute.

    Kiev, Ukraine

    Source date (UTC): 2015-10-20 12:24:00 UTC

  • ITS POSSIBLE TO BREAK THE BIG FINANCIAL HOUSES Contrary to common argument, it i

    ITS POSSIBLE TO BREAK THE BIG FINANCIAL HOUSES

    Contrary to common argument, it is trivially easy to break the big finance houses.

    But all those rent seekers both in finance and government could no longer seek rents.

    This is why we will require revolution. It is not possible to replace those rents and those incentives.

    For us to win they must lose.

    Which is enough incentive for me.

    Source date (UTC): 2015-10-20 06:24:00 UTC

  • THE INCENTIVES TO MARRY REGRESS TO THE NOBILITY ALONE (There is currently no eco

    THE INCENTIVES TO MARRY REGRESS TO THE NOBILITY ALONE

    (There is currently no economic benefit to marriage for those who do not have property and wish to transfer property across generations – building a clan. So we return to normal form: serial relationships. Marriage evolved as a means of preventing violence over mates, second as a means of controlling property, and third as a means of supporting children, lastly as a means of regulating access to land, and finally of regulating access to ‘respectable society” by imitation of those with children, property, and land. If those needs no longer exist, many will not practice them.)

    Source date (UTC): 2015-10-20 05:10:00 UTC

  • QUESTION OF THE DAY: WHAT WOULD YOU DO WITH MONEY? Now, I know that people who f

    QUESTION OF THE DAY: WHAT WOULD YOU DO WITH MONEY?

    Now, I know that people who follow me vary greatly in their economic status, and I am not so much interested in my fellow rich folk, as I am the ordinary man. But just to open discussion, and likely to make a point:

    If you received $100,000USD tax free out of the blue, what would you do with it?

    Source date (UTC): 2015-10-18 04:09:00 UTC

  • Yes. Postwar Privilege Ended. That’s Why.

    http://www.theatlantic.com/business/archive/2015/09/when-america-was-great-taxes-were-high-unions-were-strong-and-government-was-big/407284/ [L]ets Look at History: 1) Americans conquered a new continent 2) They sold off this continent to immigrants 3) They sold consumer goods to these immigrants. 4) They caused a collapse in prices in Europe (like china does to americans today) 5) They created new fiat money to give credit to these immigrants. 6) They directed these profits to investment in everything including the 20’s boom. 7) Europeans sought to control german expansion and created the european civil war. 8) The resulting correction and the oppressive settlement with Germany led to the second world war, which was merely an extension of the first, and which destroyed the word’s economy. 9) Americans inherited control of the British empire’s trading lanes and took over as the reserve currency. 10) American workers benefitted from producing expensive but low quality products to a world largely destroyed by war. 12) It took to the 1970’s for the world to reasonably rebuild. 13) In 1990 the effects of Chinese abandonment of communism and their entry into world labor started the dramatic shift in american consumption of consumer goods, just as america had done to Europe more than a century before. 15) In 2007 the rest of the world has largely adopted the same fiat money and consumer capitalist techniques. 16) In 2015, Americans have lost most competitive advantages EXCEPT for their GERMANIC high trust ethics and rule of law. 17) By 2040 Americans will lose their advantage in high trust ethics and rule of law to cultural and genetic conquest.