Curt Doolittle

Theme: Crisis

  • Like I Said: Nationalization to Protect Industry

    —“France is ready to use the ultimate weapon to protect its biggest companies from the market turmoil set in motion by the coronavirus: nationalization.”—

      What does nationalization mean? The state ‘buys’ the corporation (its shares), directly from the company (not existing investors), at a discount (30%-50%), at market prices, vacates all non-vendor debt (all borrowing), restoring fiscal health, and appoints a receiver, and a board member, with veto power over dispersals. The state may also invest additional funds for strategic purposes. Especially research and development, or modernization.

  • There is nothing wrong with emergency helicopter money for the population

    There is nothing wrong with emergency helicopter money for the population https://propertarianism.com/2020/05/28/there-is-nothing-wrong-with-emergency-helicopter-money-for-the-population/

    Source date (UTC): 2020-05-28 21:40:26 UTC

    Original post: https://twitter.com/i/web/status/1266122181668409344

  • There is nothing wrong with emergency helicopter money for the population

    Mar 17, 2020, 4:53 PM There is nothing wrong with emergency helicopter money for the population. what you DON”T want is a worldwide recalculation (meaning rediscoverty) of the pricing structures of production. We don’t think in those terms, but THOSE ARE THE TERMS THAT MATTER. What we haven’t gotten past is the illusion that money is other than promise of time. We will need to nationalize consumer credit and liquidity in order to reverse the distribution of demand upward rather than downward through a banking system that no longer has any value – because money isn’t commodity money any longer. It’s entirely promises.

  • There is nothing wrong with emergency helicopter money for the population

    Mar 17, 2020, 4:53 PM There is nothing wrong with emergency helicopter money for the population. what you DON”T want is a worldwide recalculation (meaning rediscoverty) of the pricing structures of production. We don’t think in those terms, but THOSE ARE THE TERMS THAT MATTER. What we haven’t gotten past is the illusion that money is other than promise of time. We will need to nationalize consumer credit and liquidity in order to reverse the distribution of demand upward rather than downward through a banking system that no longer has any value – because money isn’t commodity money any longer. It’s entirely promises.

  • I’m Gonna Get My Revolution? Goldman: -24% Gdp

    I’m Gonna Get My Revolution? Goldman: -24% Gdp. https://propertarianism.com/2020/05/28/im-gonna-get-my-revolution-goldman-24-gdp/

    Source date (UTC): 2020-05-28 20:51:03 UTC

    Original post: https://twitter.com/i/web/status/1266109757154304001

  • I’m Gonna Get My Revolution? Goldman: -24% Gdp.

    Mar 20, 2020, 11:49 AM Goldman Sachs has a devastating revision for its GDP growth predictions theweek.com Clockwork. If you understand cycles… Anyway. The chief contribution of the postwar german austrians was the business cycle. ’08 ended the debate. Austrians are fully integrated into mainstream economic theory. No, I didn’t predict that the clock would strike midnight because of a virus. I predicted it would be a normal cycle collapse. I wish I had my diagrams from 2004. They were in red pen on copy paper. I hung them on the wall behind my desk. Learn generational cycles. Learn Demographics. Learn class and cultural differences. Learn technological cycles. Learn business cycles. Learn Hayekian Triangles. Learn enough different industries so that you understand their means of production. There is as much denial of human differences in politics as there is in education – but human differences eventually express in economics politics culture and civilizational ascent or decline. I built and ran consulting companies. Consulting companies are intelligence organizations. When you know a company’s technology you know how to OPERATIONALIZE that business. you learn a hundred businesses a year or more. I have been operationalizing businesses since I walked out of college. And I wrote simulation games and AI in my spare time, and studied economics. The patterns are always the same. You can play the market and profit from asymmetric information amongst noise or you can ignore the market and watch the economy and the polity and the culture – BECAUSE YOU ARE MEASURING CAPITAL not income. And that is what I do differently from other economists. I only look at changes in the balance sheet, and income is just noise. If we get anywhere near the -20% we will have our revolution. LIKE CLOCKWORK.

  • I’m Gonna Get My Revolution? Goldman: -24% Gdp.

    Mar 20, 2020, 11:49 AM Goldman Sachs has a devastating revision for its GDP growth predictions theweek.com Clockwork. If you understand cycles… Anyway. The chief contribution of the postwar german austrians was the business cycle. ’08 ended the debate. Austrians are fully integrated into mainstream economic theory. No, I didn’t predict that the clock would strike midnight because of a virus. I predicted it would be a normal cycle collapse. I wish I had my diagrams from 2004. They were in red pen on copy paper. I hung them on the wall behind my desk. Learn generational cycles. Learn Demographics. Learn class and cultural differences. Learn technological cycles. Learn business cycles. Learn Hayekian Triangles. Learn enough different industries so that you understand their means of production. There is as much denial of human differences in politics as there is in education – but human differences eventually express in economics politics culture and civilizational ascent or decline. I built and ran consulting companies. Consulting companies are intelligence organizations. When you know a company’s technology you know how to OPERATIONALIZE that business. you learn a hundred businesses a year or more. I have been operationalizing businesses since I walked out of college. And I wrote simulation games and AI in my spare time, and studied economics. The patterns are always the same. You can play the market and profit from asymmetric information amongst noise or you can ignore the market and watch the economy and the polity and the culture – BECAUSE YOU ARE MEASURING CAPITAL not income. And that is what I do differently from other economists. I only look at changes in the balance sheet, and income is just noise. If we get anywhere near the -20% we will have our revolution. LIKE CLOCKWORK.

  • This is the story of history – not economics.

    Mar 20, 2020, 12:52 PM

    The good generated by a middle class, the demand for expansion of the middle class, always and everywhere expands until the capital is consumed by the middle class by expanding the lower classes, leading to dysgenia, decline, and collapse.

    This is the story of history – not economics.

  • This is the story of history – not economics.

    Mar 20, 2020, 12:52 PM

    The good generated by a middle class, the demand for expansion of the middle class, always and everywhere expands until the capital is consumed by the middle class by expanding the lower classes, leading to dysgenia, decline, and collapse.

    This is the story of history – not economics.

  • Tyler Cowen Says the Progressive Left Is Over

    Tyler Cowen Says the Progressive Left Is Over https://propertarianism.com/2020/05/28/tyler-cowen-says-the-progressive-left-is-over/

    Source date (UTC): 2020-05-28 20:44:20 UTC

    Original post: https://twitter.com/i/web/status/1266108062957539334