Curt Doolittle

Category: Economics, Finance, and Political Economy

  • I SAID. POP

    http://reason.com/archives/2013/10/14/why-college-costs-will-soon-plungeLIKE I SAID. POP.

    Source date (UTC): 2013-10-15 20:01:00 UTC

  • THE INSIDIOUS LOGIC OF PAUL KRUGMAN It is perfectly fine to overpay a corrupt go

    THE INSIDIOUS LOGIC OF PAUL KRUGMAN

    It is perfectly fine to overpay a corrupt government because it creates high paying salaries and consumption, despite not producing a good. But it is not perfectly fine to overpay healthcare workers for providing the best healthcare in the world in order to create consumption.

    Ostensibly we assume that its because he is a lying political hack.

    But the truth is, he is a racist who just hates white folk. And everything else is just a vehicle for his hatred.

    Source date (UTC): 2013-10-14 23:41:00 UTC

  • NO. That is not why we are anti-keynesian

    http://econlog.econlib.org/archives/2013/10/a_challenge_for.htmlUM NO.

    That is not why we are anti-keynesian.

    Source date (UTC): 2013-10-11 09:54:00 UTC

  • the business

    http://www.tutor2u.net/blog/index.php/economics/comments/quis-custodiet-put-the-regulators-on-trial-if-they-screw-up?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economics_news+%28tutor2u+Economics+Blog%29#When:02:33:37ZProfessionalize the business.

    Source date (UTC): 2013-10-11 09:32:00 UTC

  • US adults are dumber than the average human Not quite honest. But the underlying

    US adults are dumber than the average human

    Not quite honest. But the underlying report suggests why our labor force cannot be carried by a shrinking minority.

    http://nypost.com/2013/10/08/us-adults-are-dumber-than-the-average-human/

    Source date (UTC): 2013-10-09 02:27:00 UTC

  • I DIDN’T REALIZE I’D PAY FOR IT! “Of course, I want people to have health care,”

    I DIDN’T REALIZE I’D PAY FOR IT!

    “Of course, I want people to have health care,” [Cindy] Vinson said. “I just didn’t realize I would be the one who was going to pay for it personally.” – San Jose Mercury-News. Via Michael Lee “Ask A Rational Conservative”

    Well you know, first you run out of other people’s money. Then you run out of other people’s credit.

    I guess I’m ok with the Keynesian Progressive fantasy of infinite consumption. I mean. I have guns.

    I hope you like Soylent Green.

    Source date (UTC): 2013-10-07 09:59:00 UTC

  • CHINESE MONETARY THOUGHTS I HEARD FROM A MOUSE We all know that the Chinese have

    CHINESE MONETARY THOUGHTS I HEARD FROM A MOUSE

    We all know that the Chinese have been running around the world buying up all possible resources.

    But interestingly enough it turns out that they’re buying them in dollars and dollar denominated accounts, and securing them against their holding of US bonds.

    Now you can look at this a couple of ways.

    First, It could be that that buyers have greater faith in the dollar than the Renminbi. And so the price for assets is lower if paid in dollars.

    Second, it could be that the Chinese expect our dollar to explode and that if it does, they will leave the rest of the world holding the bag.

    Third, it could be that by spreading US debt around the world, it becomes possible to use the entire debt structure as an economic alliance against what the USA must do at some point, which is destroy the value of the dollar.

    Or. Of course. All of the above. Now, ‘nice folk’ don’t think in these kind of terms. But you know, I do, and I know that there are other people in the world who think like me. And it’s not ‘nice folk’ I’m worried about.

    It’s people like me.

    (Thank you Roman and Michael. )

    Source date (UTC): 2013-10-07 09:28:00 UTC

  • ECONOMIC THINKING TRUMPS PSYCHOLOGIZING All emotions are changes in state of pro

    ECONOMIC THINKING TRUMPS PSYCHOLOGIZING

    All emotions are changes in state of property. By describing actions rather than their effects, we can clearly understand what is occurring in any interaction.

    Praxeology allows us to test incentives. But if we understand the full spectrum of what people treat as their property, we can use praxeology to understand precisely what voluntary and involuntary transfers are going on, and when emotions are used to lie in order to force an involuntary transfer.

    Source date (UTC): 2013-10-06 11:07:00 UTC

  • MICROECONOMIC FALLACY #1 No. Our interests do NOT equilibrate. All your assumpti

    MICROECONOMIC FALLACY #1

    No. Our interests do NOT equilibrate.

    All your assumptions blind you to the false notion that human society is a process if equality rather than an ongoing struggle to civilize each person in each generation.

    Source date (UTC): 2013-10-04 05:04:00 UTC

  • INCENTIVES DEFEAT ECONOMIC INCENTIVES “….economists fail to realize what a Kaf

    http://cafehayek.com/2013/10/politics-trumps-economics.htmlPOLITICAL INCENTIVES DEFEAT ECONOMIC INCENTIVES

    “….economists fail to realize what a Kafka-esque world we live in trying to engineer the perfect regulatory system while the banks involvement in the process will always dwarf ours. We should be thinking about the political process and not just the economic process. The person in the street might have a better idea of what’s important.” – Russ Roberts

    But economists do not know why. (Although I do) It is because humans are necessiarly MORAL and will punish IMMORALITY at high cost. If a community is homogenous then this condition is politically and economically productive. But if a polity is diverse then this condition is politically and economically deconstructive. Because the incentive to prevent immorality is greater than the incentive to produce shared prosperity.

    If this natural and uncircumventable human behavior is understood, it becomes obvious that only small homogenous polities can be marginally free and democratic.

    The disorderly introduction of women into the voting pool, without a requirement for property, provided sufficient incentives to destroy the civil society, the high trust society, the nuclear family.

    A friend reminds me that women, which are, empirically, more interpersonally sensitive than empirically sensitive, less politically intuitive, less politically knowledgeable, and lacking the norms and traditions of males toward politics, were largely taken advantage of by Puritans, Marxists, Postmodernists, and Totalitarian Humanists. But empirically speaking, women’s left leaning votes provided the marginal difference to dismantle western civilization.

    Economists are part of the utopian fantasy of equality. This is partly because they work with gross aggregate numbers that launder our differences.

    Source date (UTC): 2013-10-04 04:17:00 UTC