( Chicks who read Forbes. Hot! )
Source date (UTC): 2015-12-05 15:05:00 UTC
( Chicks who read Forbes. Hot! )
Source date (UTC): 2015-12-05 15:05:00 UTC
(To my friends in Ghana and from other parts of Africa.)
Thank you for sharing your journey with me. I learn from you every day. And what I learn humbles me. You have beautiful souls. You have more honor and dignity than most of the privileged people that I hear from. You are an inspiration. Love to all of you.
Curt
Source date (UTC): 2015-12-05 14:51:00 UTC
GAAP(RULE OF LAW) VS IFRS(NAPOLEONIC LAW)
(h/t Johannes Meixner )(From elsewhere)
This is the material difference in the origins and persistence of the different accounting systems. All anglo-american policy is traditionally implemented under rule of law that approaches formal logic as much as possible.
The general rule of american GAAP is pretty simple “represent the truth”. This varies from the Napoleonic countries where there is less suspicion of government involvement and less tolerance for discretion.
Some of this is terribly important given that in many countries that use Napoleonic law and it’s descendants, the bureaucracy tends to be staffed professionally. Whereas in the states the bureaucracy is staffed by ‘those unfit for real productive work’.
Hence the general believe that there must be no room for discretion in american law and accounting, and arguments must be decidable by a judge using logical means.
Just to provide context, this is also the difference between the economic schools of thought:
1) The conservative ‘Austrian’ branch seeks rules of natural law such that institutions can be improved in order to reduce frictions in the economy.
2) the classical liberal ‘american’ (or freshwater) branch seeks extensions of rule of law that allow intervention in the economy only under predefined rules as to eliminate political discretion and allow private sector planning without ‘losses’ incurred by government exercise of discretion.
3) the ‘Saltwater’ or ‘American Jewish’ branch seeks to understand the limits of discretionary action in order to give the government the freedom to interfere in the economy with maximum discretion.
The Debate over GAAP and IFRS is one of RULES vs JUSTIFICATIONS. the USA differs for this reason. Although you would very likely be hard pressed to find many people able to explain this deep difference between the american (equalitarian) experiment and the continental (authoritarian) experiment.
As such it is a non trivial difference that reflects the difference in cultures. The principle of ‘going concern’ is a mathematical relationship determined between the creditor and the company officers. It is not a matter for ‘interference’ by the state.
Hence higher risk organizations in america, and the bigger stock market in america, and the more developed tech and research sector in america, and the bond market in london, and the heavy industrial superiority of germany, and the military superiority of russia.
Risk increases as we move westward.
Curt Doolittle
The Propertarian Institute
Kiev, Ukraine
Source date (UTC): 2015-12-05 14:14:00 UTC
WE HAVE EACH OTHER, CHURCHES, HISTORY, AND THE BEAUTY OF NATURE. WHY DO WE NEED LIES?
Getting people together to listen to parables of history, feast, and sing is content-independent. It doesn’t matter WHAT people talk about. What matters are the existence of ‘safe’ civic rituals of ANY kind.
There is almost nothing of value in Christian history that is not in pagan history other than the extension of kinship love to non-kin in order to bridge family and tribal bonds. This improves economic rates of production and trust everywhere it has gone. Unfortunately we gave up worship of existential nature somewhat in order to worship a non-existent babylonian terrorist. Although in much of pagan Europe nature worship continued as the folk religion (just as they still exist in our fairy tales) even if the political religion was christianity, and the aristocratic ‘religion’ was the rough and unforgiving empiricism of warfare.
Furthermore, just as Chivalry gave dominant males access to status signals and self worth by acts of service, the priesthood and charity gave men and women access to status signals and self worth by acts of service.
The church took responsibility for insurance, education and family law. The state took responsibility for the construction of order (property), dispute resolution, economic production, and defense.
This division of labor maintained a balance between the clergy, the nobility, the burghers, the knights, and the free farmers, and the peasantry (illiterate working class so lazy and unproductive we cannot imagine it without watching men on third world street corners.
But none of this puts any value in the christian dogma. If anything the time of The First Great Lie has passed, and we are just now ending The Second Great Lie. Undoubtably there will be yet a third, but we will do what we can to prevent such a thing for as long as possible.
So to say we need ‘church’ with the central themes of virtue, family, love, charity, industry, and to remember our heroes and saints is to say the obvious. It would almost certainly be better to regularly remind people of the sacredness of nature, so that they would care for our commons.
But there is no meaningful reason why we must embrace mysticism in the ancient tradition, or pseudorationalism, or pseudoscience, in the current tradition (Cult of TED for example).
Nor do I understand, nor can anyone likely justify, the use of outright lying in city square, church pulpit, academic lectern, political podium, news desk, digital internet, radio microphone, motion video, or dramatic play. Why should archaic lies be distributed, and why should modern lies pseudorationalism and pseudoscience be distributed? There isn’t a reason other than we had no prior means of determining whether a due diligence of truthfulness had been performed.
We need a civic religion. We have one. It’s our history. And it’s a history that is very hard argue against. We likely need spiritualism to feel humility. We have one. It’s nature, our planet, the universe.
We have each other, we have our history and we have nature. They’re all truths.
Why do we need lies?
Cant you imagine a world without lies?
Curt Doolittle
The Propertarian Institute
Kiev, Ukraine
Source date (UTC): 2015-12-05 13:28:00 UTC
http://www.propertarianism.com/2015/12/05/la-primera-pregunta-concerniente-a-la-etica-es-la-racionalidad-de-la-cooperacionPROPERTARIANISM IN SPANISH!!!!!! WHOOO HOOO
Alberto Zambrano has started translating the main posts on the web site into Spanish, meaning that one of the most aristocratic people remaining – the Spanish speaking – will have access to Propertarianism!!!
Thank you Alberto Zambrano. 🙂
Source date (UTC): 2015-12-05 12:02:00 UTC
THE FAILED BOOK OF ATHENIAN TRUTH, THE SUCCESSFUL BOOK OF JERUSALEM’S LIES
(The Stoics Were Right: Jehova Is The Devil) (trigger warning) (ouch)
The Greeks tried and only partly succeeded in creating a discipline of truth telling.
The Hebrews succeeded in creating an training manual in deception, written using the very technique of deception that they wished to promote.
The first great deception was monotheism: Moses restatement of Ramses’ monotheism, and Abraham’s use of Babylonian absolutism.
The second great deception was pseudoscience: Boaz, Marx, Freud, Cantor, Mises, The Frankfurt School and Critique, Rothbard and Rand, Strauss’s neoconservatism, Chomsky.
These techniques of deception work by the same mechanism: half truth, desirable falsehood, suggestion appealing to altruism, and loading, framing, overloading, and propagandizing by heaping undue praise on the falsehood while heaping straw man criticisms on the truth.
It took others a few decades to identify the vulnerability. It took me a few years to understand the technique and find a means of exposing it to analytic criticism.
But now it’s pretty clear that the ancient battle between western science and middle eastern mysticism is merely the battle between the art of truth telling and the art of lying.
It is far more profitable to lie than speak the truth. Especially in a land where everyone speaks the truth.
If for no other reason than it is cheaper and faster to diligently construct desirable falsehoods than unpleasant truths.
Just as the common law evolves only in response to innovations in parasitism; just as science evolves only by the falsification of theories; so does truth telling evolve only by the incremental suppression of lying.
This should be clear enough for an individual with a Bachelors degree in a STEM discipline to follow.
Curt Doolittle.
The Propertarian Institute
Kiev, Ukraine.
Source date (UTC): 2015-12-05 11:22:00 UTC
“VOX” : LIES DAMNED LIES, AND MORE LIES
(an example of failing the test of full accounting)
It’s a race problem. The data has consistently demonstrated that it’s a race problem.
We punish people who train their dogs because of the people who dont.
We punish the people who have insurance because of the people who dont.
We punish the people who produce because of the people who dont.
We punish the people who behave well in parks becasue of the people who dont.
We give moms in minivans going 4mph over the speed limit yet it takes 9 convictions before a car thief sees jail time, and the police do not even investigate property crime perpetrated by meth gangs.
We punish people for tax problems yet the IRS takes no responsibility for their advice.
We punish people in courtrooms for the crime of being too poor to take a day off from work for a procedural problem.
We make people renew drivers licenses every four years while the rest of the world works in decades or lifetimes.
We tax elderly out of their homes so that higher taxes can be extracted from a new generation.
Now you want to punish the people who behave well with guns because of the people who dont.
I can go on with this list of injustices forever.
This issue is done. The public won’t change. We increase gun ownership every year.
Fix the mental health problem.
Fix the out-of-control race problem.
Fix the injustice problem.
Otherwise the only reason we have guns – to eliminate injustice by replacement of a corrupt government with a new one – will be the consequence.
http://www.vox.com/policy-and-politics/2015/12/4/9851102/gun-deaths-us-children
Source date (UTC): 2015-12-05 09:27:00 UTC
FULL ACCOUNTING IS MUCH MORE IMPORTANT THAN I THOUGHT
I have definitely underestimated the importance of the the principle of the “Warranty of Full Accounting”. Its so damned obvious in retrospect. But it is VERY hard to pull a fast one if you are required to give a full accounting of any principle. This is much better than popper’s incomplete ‘falsification’. Followers of Popper ‘get’ that something is very right with falsification but none have reduced it the the set of dimensional warranties that I have. The virtue of thinking like a programmer in operations balancing accounts rather than a philosopher using analogies, or a logician using equality of ratios.
Source date (UTC): 2015-12-05 09:05:00 UTC
http://forward.com/opinion/159955/converts-who-changed-the-church/WHAT THIS SAYS IS ‘NO CONVERTS ALLOWED’ : BRANDED. WALLED GHETTO, LEAVE, OR DIE.
Source date (UTC): 2015-12-05 09:01:00 UTC
We couldn’t innovate the technology of truth fast enough to compensate for the rate at which they innovated lying. Again, just as they distributed the first great lie throughout Rome on the backs of women and slaves, they did the same in the 19th and 20th century through women and slaves.
Source date (UTC): 2015-12-05 08:36:00 UTC