[L]OVE REDUCES COSTS –“Love reduces transaction costs, just as truth reduces transaction costs, just as law reduces transaction costs. Love is an economically rewarding investment.”— That’s the secret to western christendom.
Category: Economics, Finance, and Political Economy
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Lies, Damned Lies, and Opportunity Costs
[A]ll costs are opportunity costs. What is the difference in cost between one set of possibilities and another set of possibilities. Unfortunately human cognitive bias cannot easily make these judgements because we have dense information about the present, and sparse information about the alternatives. Plus we are loss averse, and skeptical of one another. The christianization of the west is probably the greatest crime in history followed by the muslim conquest of byzantine and Persian empires, and followed by the cosmopolitan pseudosciences of the 19th and 20th centuries: marxism, freudianism, Keynesian innumeracy, postmodernism, and the socialist enfranchisement of women and their destruction of the family, law, property rights, and history, grammar, logic and truth telling. Lies, damned lies, and more lies.
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Lies, Damned Lies, and Opportunity Costs
[A]ll costs are opportunity costs. What is the difference in cost between one set of possibilities and another set of possibilities. Unfortunately human cognitive bias cannot easily make these judgements because we have dense information about the present, and sparse information about the alternatives. Plus we are loss averse, and skeptical of one another. The christianization of the west is probably the greatest crime in history followed by the muslim conquest of byzantine and Persian empires, and followed by the cosmopolitan pseudosciences of the 19th and 20th centuries: marxism, freudianism, Keynesian innumeracy, postmodernism, and the socialist enfranchisement of women and their destruction of the family, law, property rights, and history, grammar, logic and truth telling. Lies, damned lies, and more lies.
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LOVE REDUCES TRANSACTION COSTS (worth repeating)
LOVE REDUCES TRANSACTION COSTS
(worth repeating)
Source date (UTC): 2015-08-24 05:02:00 UTC
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Just what we need. More professional rentseekers
Just what we need. More professional rentseekers.
Source date (UTC): 2015-08-23 12:39:00 UTC
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LOVE YOUR WORKING CLASS “Noblesse Oblige” Those yummy white collar jobs? Calcula
LOVE YOUR WORKING CLASS
“Noblesse Oblige”
Those yummy white collar jobs? Calculating? Organizing Incentives? Managing Credit and Debt? Moving information? They are ultimately dependent upon those people who have blue collar jobs, and service jobs. That does not mean that they have some claim to the fruits of your labor, but it does mean that outside of the fruits of your labor, that advancing policy that creates work for them is in your interests.
The voluntary organization of production that we call capitalism is constructed by all our efforts to forgo consumption and respect property in order to create a market for the production distribution trade and consumption of goods and services.
Take care of the little people who try. Get rid of the little people who complain.
Source date (UTC): 2015-08-12 11:05:00 UTC
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CONTRA TECHNO COMMERCIALISM While technology (a)decreases the cost of relationsh
CONTRA TECHNO COMMERCIALISM
While technology (a)decreases the cost of relationship acquisition, (b)decreases the cost of property registries, (c) decreases the cost of and often need for, escrow services (financial transaction costs), (d) reduces the need for regulation, (e) decreases the cost of geographic and temporal constraints, technology does NOT change the fundamental problem of cooperation: the incremental suppression of parasitism and the decidability of conflicts across different or competing regulations, norms, property allocations, and institutional processes. Technology reduces costs. Good law reduces costs. And that is the best that we can do. Everything else is achieved by trial and error. Because we cannot necessarily know what is good. We can only know with confidence that which is bad: parasitism.
Source date (UTC): 2015-08-12 07:50:00 UTC
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LOVE REDUCES COSTS –“Love reduces transaction costs, just as truth reduces tran
LOVE REDUCES COSTS
–“Love reduces transaction costs, just as truth reduces transaction costs, just as law reduces transaction costs. Love is an economically rewarding investment.”—
That’s the secret to western christendom.
Source date (UTC): 2015-08-12 07:16:00 UTC
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THE LIMITS OF COMMERCIAL(PROFIT) GOOD Commercial incentives to increase customer
THE LIMITS OF COMMERCIAL(PROFIT) GOOD
Commercial incentives to increase customers do not produce unending goods. At the point at which commercial expansion dilutes genetic, normative, institutional, land capital, built capital, commercial profit is merely the conduct of theft. And our bankers and politicians have been engaging not only in theft on a civilization-ending scale, but genocide. What is their means of restitution?
(stick that in your progressive pipe and smoke it.)
Source date (UTC): 2015-08-11 08:52:00 UTC
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Untitled
Source date (UTC): 2015-08-09 04:51:00 UTC