Curt Doolittle

Form: Quote Commentary

  • ideology of the short time preference

    http://www.capitalismv3.com/2012/03/05/karl-smith-watch-learning-from-fables/The ideology of the short time preference

    Source date (UTC): 2012-03-05 09:13:00 UTC

  • wants us to hold him to a lower standard

    http://www.capitalismv3.com/2012/03/05/daily-krugman-watch-on-cato-and-the-kochs/Krugman wants us to hold him to a lower standard.

    Source date (UTC): 2012-03-05 09:12:00 UTC

  • criticism of Brad Delong

    http://www.capitalismv3.com/2012/03/05/brad-delong-watch/Today’s criticism of Brad Delong

    Source date (UTC): 2012-03-05 09:10:00 UTC

  • WATCH: From RonT: “You keep touting IS-LM. Keynes didn’t endorse IS-LM, its crea

    http://krugman.blogs.nytimes.com/2012/03/03/economic-models-and-economic-predictions/KRUGMAN WATCH:

    From RonT: “You keep touting IS-LM. Keynes didn’t endorse IS-LM, its creator Hicks repudiated it later in life. Since 1971 when Nixon ditched the gold standard IS-LM was without any theoretical justification whatsoever, there is no market for loanable funds. Banks create deposits out of nothing against the borrower’s IOU, so investment creates its own savings. Loanable funds is a fairy tale of a primitive economy without banks.

    Your predictions for low interest rates in this crisis were right by pure accident – the interest rate in modern economy is not set by the market, but by the monopoly supplier of reserve balances, the Fed. The Fed lets the market toy with long-term interest rates, but it could fix them at any level by the same procedure it uses to fix the short rate: QE and “the operation twist” are the proof. So if the Fed changed its mind and raised rates, your “prediction” would simply turn out wrong. The Fed and not the market for loanable funds determines the interest rate, period.”

    http://www.nakedcapitalism.com/2012/02/philip-pilkington-the-liquidity-trap-and-all-that%E2%80%A6.html

    Source date (UTC): 2012-03-03 21:50:00 UTC

  • Description Of The Decline Of The Blue Model

    http://blogs.the-american-interest.com/wrm/2012/02/28/beyond-blue-6-the-great-divorce/Heartfelt Description Of The Decline Of The Blue Model.

    Source date (UTC): 2012-03-01 18:27:00 UTC

  • Letter To HBD_Chick on the source of western individualism

    http://www.capitalismv3.com/2012/02/15/the-source-of-western-individualism-is-in-its-military-strategy/A Letter To HBD_Chick on the source of western individualism.

    Source date (UTC): 2012-02-15 11:55:00 UTC

  • you so. Six years ago I told you so. There is no other choice

    http://www.forbes.com/sites/charleskadlec/2012/02/06/the-federal-reserves-explicit-goal-devalue-the-dollar-33/Told you so. Six years ago I told you so. There is no other choice.

    Source date (UTC): 2012-02-12 04:13:00 UTC

  • don’t trust the government. That’s why Keynesian policy wont work. And Monetaris

    http://www.capitalismv3.com/2012/02/10/monetarists-picked-the-wrong-allies-in-keynesians/People don’t trust the government. That’s why Keynesian policy wont work. And Monetarists blew their chance when they allied with the Keynesians rather than the neo-classicals and austrians. You can compromise with a competitor. But the citizenry won’t compromise on a government that they don’t trust.

    Source date (UTC): 2012-02-11 09:09:00 UTC

  • ARE MONARCHIES BETTER THAN REPUBLICS? Proof of Hoppe’s Thesis in a Paper by UW’s

    http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1548222WHY ARE MONARCHIES BETTER THAN REPUBLICS?

    Proof of Hoppe’s Thesis in a Paper by UW’s Victor Menaldo.

    MY FAVORITE PARAGRAPH:

    “This paper argues that the [Arab Spring] region’s monarchs have been particularly well-suited to deter political unrest. Through the strategic use of constitutions, formal political institutions, Islamic principles, and informal norms, MENA monarchs have “invented” a political culture that has helped create a stable distributional arrangement and self-enforcing limits on executive authority. A monarchic political culture has promoted cohesion among regime insiders, such as ruling families and other political elites, and bolstered their stake in the regime. Moreover, this unique political culture has provided the region’s monarchs with legitimacy: regime outsiders have benefited from the positive externalities associated with secure property rights for the political elite—sustained economic growth and increased economic opportunities. This has helped monarchs consolidate their authority and foster political stability. Conversely, the region’s non-monarchs have relied on a divide-and-conquer strategy and terrorized potential opponents into submission, gutting their societies of rival institutions and creating layers of militias and secret police.” Victor Menaldo, UW.

    (Where has Victor Menaldo been? In my back yard, and I’ve never heard of him! Now I have to read his other ten papers. Hopefully all tonight!)

    Source date (UTC): 2012-01-09 19:34:00 UTC

  • Don’t Like Creative Students? No they don’t. I can speak from experience

    http://marginalrevolution.com/marginalrevolution/2011/12/teachers-dont-like-creative-students.htmlTeachers Don’t Like Creative Students? No they don’t. I can speak from experience.

    Source date (UTC): 2012-01-05 15:47:00 UTC