Source: Original Site Post

  • by Bill Joslin Emotions are information about information – specifically how the

    by Bill Joslin Emotions are information about information – specifically how the datum measures against preference. One caveat about aesthetics – aesthetics takes hold in a population by the pervasive temperament of that population… A symptom or measure not a causal vector.
  • Will The Economy Correct Again Like 2008 This Year?

    –“Will the economy bubble burst again in 2018 (like the one that happened in 2008)?”– It is a virtual certainty that we will see some sort of massive correction even greater than the 2008 crisis, sometime between now and 2025. And at that time the states will need to bypass the financial system in order to put liquidity into consumer (citizen’s) hands, so that the economy can adapt to the shock. And governments are not yet ready to do this, although Americans can do it fastest. (And some of us are trying to make sure it happens this time around.) Now, the reason this will be difficult, is that we have spent the entire postwar era financializing the economy, and done more so since the advent of petro-dollars, and more so to defeat world communism, and more so since the 2001 crash, and more so since the 2008 crash. (We could have paid off the vast majority of home mortgages in 2008 with the money we have spent SINCE 2008 trying to correct the economy. (Only Galbraith, me, and one other made this argument. Unfortunately, he was the only person of influence, and he died.) Imagine what that would have done to the economy. Unfortunately, that ‘shock’ of de-financialization (ending rent seeking on consumer), will vastly diminish (a) the size of the financial sector (b) the rents that ‘institutional investors and pension funds’ can extract from consumers. So it will be a vast correction we have not seen in the world before. Just WHY this is so is … well, non trivial. But it’s largely a factor of demographics, abilities of those demographics, and AVAILABLE consumption. And, yes I can explain it in scary detail, but at present, it’s bedtime…..
  • Will The Economy Correct Again Like 2008 This Year?

    –“Will the economy bubble burst again in 2018 (like the one that happened in 2008)?”– It is a virtual certainty that we will see some sort of massive correction even greater than the 2008 crisis, sometime between now and 2025. And at that time the states will need to bypass the financial system in order to put liquidity into consumer (citizen’s) hands, so that the economy can adapt to the shock. And governments are not yet ready to do this, although Americans can do it fastest. (And some of us are trying to make sure it happens this time around.) Now, the reason this will be difficult, is that we have spent the entire postwar era financializing the economy, and done more so since the advent of petro-dollars, and more so to defeat world communism, and more so since the 2001 crash, and more so since the 2008 crash. (We could have paid off the vast majority of home mortgages in 2008 with the money we have spent SINCE 2008 trying to correct the economy. (Only Galbraith, me, and one other made this argument. Unfortunately, he was the only person of influence, and he died.) Imagine what that would have done to the economy. Unfortunately, that ‘shock’ of de-financialization (ending rent seeking on consumer), will vastly diminish (a) the size of the financial sector (b) the rents that ‘institutional investors and pension funds’ can extract from consumers. So it will be a vast correction we have not seen in the world before. Just WHY this is so is … well, non trivial. But it’s largely a factor of demographics, abilities of those demographics, and AVAILABLE consumption. And, yes I can explain it in scary detail, but at present, it’s bedtime…..
  • Ostrom’s Argument Is ‘Misrepresented’ Like Everything On The Left.

    (important)(common property)(property rights) (Thank you for asking me to answer this rather … challenging question.) —-”**How do libertarians address the tragedy of the commons?”—** Ostrom’s argument is identical to the libertarian argument, although far more articulate, supported by exhausted research, and articulated in a FORMAL LOGICAL GRAMMAR. **Ostrom’s argument**, is that: 1 – Common property organizations, meaning ‘**private corporations**’ will form as a means of managing scarce assets, with or without state interference, and with or without issuance of shares of title. 2 – **States create the tragedy of the commons** when the INTERFERE with the development of those private corporations, by violating the property rights of the participants in the ‘natural corporation’ that manages the asset. 3 – If states (groups, polities, governments, judiciaries) merely **INSURE all forms of property** (exclusivity of benefit, and exclusivity of management), people will, out of natural self interest, maintain any asset of any kind. In other words, Ostrom explained the evolution of the corporation – before we created the corporation in order to obtain outside investment, and therefore limited liability, OSTROM’S RULES (REORDERED FOR CLARITY) FOLLOWED BY RESTATEMENT OF EACH, IN OPERATIONAL TERMS 2B – Appropriation and provision: The benefits obtained by users from a common-pool resource (CPR), as determined by appropriation rules, are proportional to the amount of inputs required in the form of labor, material, or money, as determined by provision rules. * ****[ ‘People only get out of the corporation what they put in to the corporation, in the form of labor and assets.’].*** 1A – User boundaries: Boundaries between legitimate users and nonusers must be clearly defined. ** *****[‘Those who have contributed labor and assets into the corporation in exchange for returns on those labor and assets, shall exclusively benefit from the common pool resource.’]*** 1B – Resource boundaries: Clear boundaries are present that define a resource system and separate it from the larger biophysical environment. ***[‘The assets of the corporation shall not impose costs by externality.’]*** 2A – Congruence with local conditions: Appropriation and provision rules are congruent with local social and environmental conditions. ***[‘Broader communities insure (defend) Personal, familial, Private Corporate, Public Corporate, and Public Assets, from violation, and the corporation must be insured by those same institutions.’]**** * 3 – Collective-choice arrangements: Most individuals affected by the operational rules can participate in modifying the operational rules. ***[‘Only shareholders who have contributed labor and assets shall participate in the management of the assets of the corporation.’]*** 4A – Monitoring users: Monitors who are accountable to the users monitor the appropriation and provision levels of the users. 4B – Monitoring the resource: Monitors who are accountable to the users monitor the condition of the resource. ***[‘Contributors to the corporation monitor one another just like we monitor one another in all aspects of personal, familial, private corporate, public corporate, and public life’]*** 5 – Graduated sanctions: Appropriators who violate operational rules are likely to be assessed graduated sanctions (depending on the seriousness and the context of the offense) by other appropriators, by officials accountable to the appropriators, or by both. ***[‘Corporations produce their own internal laws for violations of corporate assets’]*** 6 – Conflict-resolution mechanisms: Appropriators and their officials have rapid access to low-cost local arenas to resolve conflicts among appropriators or between appropriators and officials. 7 – Minimal recognition of rights to organize: The rights of appropriators to devise their own institutions are not challenged by external governmental authorities. ***[‘Natural private corporations must exist, and will exist, but like all forms of property require defense, even if that defense includes defense from the interfering state.’]*** 8 – Nested enterprises: Appropriation, provision, monitoring, enforcement, conflict resolution, and governance activities are organized in multiple layers of nested enterprises. ***[Humans must organize defense of the various forms of property in order to gain the benefits, of decreased opportunity cost, from increased numbers and increased density, and the benefits of numbers, and density, and velocity (everything becomes cheaper) are directly proportional to the degree of suppression of parasitism upon property, where property consists of material physical and asset investment in the production of multipliers, and therefore returns.]*** Curt Doolittle The Propertarian Institute Kiev, Ukraine
  • Ostrom’s Argument Is ‘Misrepresented’ Like Everything On The Left.

    (important)(common property)(property rights) (Thank you for asking me to answer this rather … challenging question.) —-”**How do libertarians address the tragedy of the commons?”—** Ostrom’s argument is identical to the libertarian argument, although far more articulate, supported by exhausted research, and articulated in a FORMAL LOGICAL GRAMMAR. **Ostrom’s argument**, is that: 1 – Common property organizations, meaning ‘**private corporations**’ will form as a means of managing scarce assets, with or without state interference, and with or without issuance of shares of title. 2 – **States create the tragedy of the commons** when the INTERFERE with the development of those private corporations, by violating the property rights of the participants in the ‘natural corporation’ that manages the asset. 3 – If states (groups, polities, governments, judiciaries) merely **INSURE all forms of property** (exclusivity of benefit, and exclusivity of management), people will, out of natural self interest, maintain any asset of any kind. In other words, Ostrom explained the evolution of the corporation – before we created the corporation in order to obtain outside investment, and therefore limited liability, OSTROM’S RULES (REORDERED FOR CLARITY) FOLLOWED BY RESTATEMENT OF EACH, IN OPERATIONAL TERMS 2B – Appropriation and provision: The benefits obtained by users from a common-pool resource (CPR), as determined by appropriation rules, are proportional to the amount of inputs required in the form of labor, material, or money, as determined by provision rules. * ****[ ‘People only get out of the corporation what they put in to the corporation, in the form of labor and assets.’].*** 1A – User boundaries: Boundaries between legitimate users and nonusers must be clearly defined. ** *****[‘Those who have contributed labor and assets into the corporation in exchange for returns on those labor and assets, shall exclusively benefit from the common pool resource.’]*** 1B – Resource boundaries: Clear boundaries are present that define a resource system and separate it from the larger biophysical environment. ***[‘The assets of the corporation shall not impose costs by externality.’]*** 2A – Congruence with local conditions: Appropriation and provision rules are congruent with local social and environmental conditions. ***[‘Broader communities insure (defend) Personal, familial, Private Corporate, Public Corporate, and Public Assets, from violation, and the corporation must be insured by those same institutions.’]**** * 3 – Collective-choice arrangements: Most individuals affected by the operational rules can participate in modifying the operational rules. ***[‘Only shareholders who have contributed labor and assets shall participate in the management of the assets of the corporation.’]*** 4A – Monitoring users: Monitors who are accountable to the users monitor the appropriation and provision levels of the users. 4B – Monitoring the resource: Monitors who are accountable to the users monitor the condition of the resource. ***[‘Contributors to the corporation monitor one another just like we monitor one another in all aspects of personal, familial, private corporate, public corporate, and public life’]*** 5 – Graduated sanctions: Appropriators who violate operational rules are likely to be assessed graduated sanctions (depending on the seriousness and the context of the offense) by other appropriators, by officials accountable to the appropriators, or by both. ***[‘Corporations produce their own internal laws for violations of corporate assets’]*** 6 – Conflict-resolution mechanisms: Appropriators and their officials have rapid access to low-cost local arenas to resolve conflicts among appropriators or between appropriators and officials. 7 – Minimal recognition of rights to organize: The rights of appropriators to devise their own institutions are not challenged by external governmental authorities. ***[‘Natural private corporations must exist, and will exist, but like all forms of property require defense, even if that defense includes defense from the interfering state.’]*** 8 – Nested enterprises: Appropriation, provision, monitoring, enforcement, conflict resolution, and governance activities are organized in multiple layers of nested enterprises. ***[Humans must organize defense of the various forms of property in order to gain the benefits, of decreased opportunity cost, from increased numbers and increased density, and the benefits of numbers, and density, and velocity (everything becomes cheaper) are directly proportional to the degree of suppression of parasitism upon property, where property consists of material physical and asset investment in the production of multipliers, and therefore returns.]*** Curt Doolittle The Propertarian Institute Kiev, Ukraine
  • Pre-Colonial African States

    (notes) And the obvious reasons: rugged terrain, vast distances, north-south rivers in an east-west habitable zone.
  • Pre-Colonial African States

    (notes) And the obvious reasons: rugged terrain, vast distances, north-south rivers in an east-west habitable zone.
  • (Humor. Holiday. Mother. Noting that I didn’t adequately rinse the measuring cup

    (Humor. Holiday. Mother. Noting that I didn’t adequately rinse the measuring cup before putting it in the dishwasher. In a soft voice, this is what she said:) “Look. Look at this? How can you put this in a dishwasher? I have to re-do your work. I did all the right things. Got all the right sacrements. Did the best I could do with what I had to work with. And it was an uphill battle – not because of him – but because of the time and place. Then he went to college. Went into businesses. Had three marriages! It’s not my fault. I did the best I could. And here it is. The new year. And I find I haven’t yet succeeded in ‘straightening him out’. And I find that a disappointment in my life. And what do I get in my old age… my last years on earth? To be cajoled by a naughty, aged, little boy…. huh? I tried, God. I really tried. I gave it my all. It’s a shame. God bless, lord, it’s your job from here on out. I can’t do it. It’s one of those impossible earthly tasks. I know you understand … my dilemma. (He doesn’t listen to me anyway so it doesn’t matter what I say….) I offer it up. For days in purgatory. Lord help me do this. Should I intercede with St’ Jude the Impossible? Now I do not expect to see one crumb on the counter when I come back from my luncheon. I a martyr. A martyr. But I’ve decided to let go. To leave you to god’s charge…” (Catholicism teaches guilt with amazing … facility. Now, you know. My mother is the worst tease in the world. And people wonder where I get it from. lol. So, in retaliation, I will find a rather large crumb from the date-nut bread, and place it, perfectly in the middle of the counter.)
  • (Humor. Holiday. Mother. Noting that I didn’t adequately rinse the measuring cup

    (Humor. Holiday. Mother. Noting that I didn’t adequately rinse the measuring cup before putting it in the dishwasher. In a soft voice, this is what she said:) “Look. Look at this? How can you put this in a dishwasher? I have to re-do your work. I did all the right things. Got all the right sacrements. Did the best I could do with what I had to work with. And it was an uphill battle – not because of him – but because of the time and place. Then he went to college. Went into businesses. Had three marriages! It’s not my fault. I did the best I could. And here it is. The new year. And I find I haven’t yet succeeded in ‘straightening him out’. And I find that a disappointment in my life. And what do I get in my old age… my last years on earth? To be cajoled by a naughty, aged, little boy…. huh? I tried, God. I really tried. I gave it my all. It’s a shame. God bless, lord, it’s your job from here on out. I can’t do it. It’s one of those impossible earthly tasks. I know you understand … my dilemma. (He doesn’t listen to me anyway so it doesn’t matter what I say….) I offer it up. For days in purgatory. Lord help me do this. Should I intercede with St’ Jude the Impossible? Now I do not expect to see one crumb on the counter when I come back from my luncheon. I a martyr. A martyr. But I’ve decided to let go. To leave you to god’s charge…” (Catholicism teaches guilt with amazing … facility. Now, you know. My mother is the worst tease in the world. And people wonder where I get it from. lol. So, in retaliation, I will find a rather large crumb from the date-nut bread, and place it, perfectly in the middle of the counter.)
  • Will The Economy Bubble Burst Again In 2018 (like The One That Happened In 2008)?

    It is a virtual certainty that we will see some sort of massive correction even greater than the 2008 crisis, sometime between now and 2025. And at that time the states will need to bypass the financial system in order to put liquidity into consumer (citizen’s) hands, so that the economy can adapt to the shock. And governments are not yet ready to do this, although Americans can do it fastest. (And some of us are trying to make sure it happens this time around.)

    Now, the reason this will be difficult, is that we have spent the entire postwar era financializing the economy, and done more so since the advent of petro-dollars, and more so to defeat world communism, and more so since the 2001 crash, and more so since the 2008 crash. (We could have paid off the vast majority of home mortgages in 2008 with the money we have spent SINCE 2008 trying to correct the economy. (Only Galbraith, me, and one other made this argument. Unfortunately, he was the only person of influence, and he died.) Imagine what that would have done to the economy.

    Unfortunately, that ‘shock’ of de-financialization (ending rent seeking on consumer), will vastly diminish (a) the size of the financial sector (b) the rents that ‘institutional investors and pension funds’ can extract from consumers. So it will be a vast correction we have not seen in the world before.

    Just WHY this is so is … well, non trivial. But it’s largely a factor of demographics, abilities of those demographics, and AVAILABLE consumption.

    And, yes I can explain it in scary detail, but at present, it’s bedtime…..

    https://www.quora.com/Will-the-economy-bubble-burst-again-in-2018-like-the-one-that-happened-in-2008