Curt Doolittle

Category: Economics, Finance, and Political Economy

  • AND GOVERNMENT ABILITY TO ALTER IT: none. This poses a serious problem. To accep

    http://www.epi.org/publication/a-decade-of-flat-wages-the-key-barrier-to-shared-prosperity-and-a-rising-middle-class/INEQUALITY AND GOVERNMENT ABILITY TO ALTER IT: none.

    This poses a serious problem. To accept market outcomes as given, and then try to offset the structural imbalances embedded therein through tax and transfer policy alone, is a fundamentally limited strategy. As those outcomes become increasingly unequal, as has been the case over the last three decades, such a strategy implies yearly increases in redistribution through the tax code and transfer system, something our political system will not support even once we return to functional politics. The uniquely influential role of money in American politics limits this strategy even further.”

    Source date (UTC): 2013-08-27 09:24:00 UTC

  • READ (Of course, I’d aregue that we are spending our creative efforts trying to

    http://business.time.com/2013/08/26/nobelist-on-americas-missing-economic-mojo-and-how-to-get-it-back/MUST READ

    (Of course, I’d aregue that we are spending our creative efforts trying to keep the givernment away so we are reducing investment in things that are taxable and open to regulation as a means of defending ourselves from the state.

    The state is more interested in wonen snd minorities than it is in our civilizatiin and its economy. The reason is democracy and the addition of unproductive rent seekers to the voting pool.

    Source date (UTC): 2013-08-26 07:40:00 UTC

  • FAVOR OF NEPOTISM AND CRONYISM But by and large, financial firms in particular c

    http://dealbook.nytimes.com/2013/08/19/hiring-the-well-connected-isnt-always-a-scandal/?_r=2IN FAVOR OF NEPOTISM AND CRONYISM

    But by and large, financial firms in particular commonly hire people who have certain connections, whether through family or a business relationship. The thinking is that the new hire — and his or her last name — might “help open doors,” Mr. Driscoll said. But, like many people I interviewed on this topic, he did not see a legal issue with such hires. “I don’t think there is a quid pro quo,” such that the hiring of children is explicitly generating business from the parent. At best, he said, “It gets you in the room.” He added: “It’s like chicken soup. It can’t hurt.”

    Actually, I encourage it. The reason being, that I like a) a family to have all the eggs in our basket, and b) it builds more trust – as long as the company is transparent. (And since I only build transparent companies, that’s not a problem.)

    Source date (UTC): 2013-08-24 02:06:00 UTC

  • POSSIBLE TAX RATES. The reason Europeans are poorer than americans is taxes

    http://www.aei-ideas.org/2013/08/no-we-cant-return-to-the-sky-high-tax-rates-of-postwar-america/ON POSSIBLE TAX RATES.

    The reason Europeans are poorer than americans is taxes.

    Source date (UTC): 2013-08-22 14:10:00 UTC

  • WE NEED MORE PEOPLE? Are children an economic good? No. They are a necessity, pr

    http://www.becker-posner-blog.com/2013/08/does-the-world-need-more-people-posner.htmlDO WE NEED MORE PEOPLE?

    Are children an economic good? No. They are a necessity, preference, or luxury.

    Source date (UTC): 2013-08-19 03:36:00 UTC

  • What Are The Key Takeaways From The Wealth Of Nations?

    1) The division of labor is many thousands of times more productive than what an individual can do alone.
    2) The division of knowledge and labor produces a moral society without the enforcement of religion or law.
    3) International trade allows countries to specialize.
    4) International trade produces peace.

    https://www.quora.com/What-are-the-key-takeaways-from-The-Wealth-of-Nations

  • What Are The Key Takeaways From The Wealth Of Nations?

    1) The division of labor is many thousands of times more productive than what an individual can do alone.
    2) The division of knowledge and labor produces a moral society without the enforcement of religion or law.
    3) International trade allows countries to specialize.
    4) International trade produces peace.

    https://www.quora.com/What-are-the-key-takeaways-from-The-Wealth-of-Nations

  • Forces

    http://www.ft.com/intl/cms/s/0/4dc7ab46-0424-11e3-a8d6-00144feab7de.html#axzz2cEeql9o7Market Forces

    Source date (UTC): 2013-08-17 10:11:00 UTC

  • What Would Happen To Monetary Currency Under Proposed Systems Of Anarchy?

    Currency is necessary for a variety of reasons, and groups would get together to form currency unions. I suspect that no matter what happened, in no matter what circumstance, the group that managed to to this best at scale would displace all but a few of the other groups, and that we would once again return to a ‘state’ currency, if not a monopoly currency.  And I suspect those multiple currencies would be precious metals and paper money just like today.

    https://www.quora.com/What-would-happen-to-monetary-currency-under-proposed-systems-of-anarchy

  • Anarchism: What Becomes Of The Idea Of “job Security” Under Proposed Systems Of Anarchist Living?

    Job security is an interesting term, because I don’t know how to define it honestly.   And I don’t think the term is meant to be honest whenever its used.

    None of us has job security if we participate in the market. The security you have comes from maintaining marketable skills. Business today are temporary, disposable alliances.  And it looks like this trend will continue.  Employment likewise will continue to be driven by rapid changes in the marketplace.

    The people outside of the market have ‘job security’ but those people are in ‘jobs’ only by analogy. Is being a soldier a job? Is being a senator a job?  An IRS Agent?  A job is driven by market. Otherwise you’re just another kind of soldier. If you cant be easily unemployed by changes in the market then you aren’t in a job, You’re a paid soldier of one kind or another.

    If the question is, can we have employment insurance.  I think so. 
    If the question is, can we have create a sort of minimum income scheme. I think possibly.  Can we do this in america? I don’t think so. The country is too big. And people are familial and tribal : they are members of some sort of kinship, and they remain that way for life.
    If the question is, can you be insulated from the variation in the market so that you do not have to constantly maintain marketable skills? No, I don’t think so.

    https://www.quora.com/Anarchism-What-becomes-of-the-idea-of-job-security-under-proposed-systems-of-anarchist-living