Curt Doolittle

Theme: Governance

  • Ten Thoughts on Money

    Q&A: –“Curt, have you written much on money?”– I’ve written a bit , here and there, mostly on:

    1) the fact that fiat money is equal to shares in the state/economy, not notes or money. Moreover, I’ve tried to impress upon people that colloquial money (various mediums of exchange in sufficient volume to produce market price signals) and all its forms, differ substantially from money proper. And I’ve tried to correct mises and the bitcoin community on their uses of these terms – because it’s fraudulent to compare these media as having the same properties. They don’t’. 2) it’s not clear that people have any right to the appreciation of fiat money, nor whether they have a right to its store of value for any extended period of time (longer than a business cycle). 3) We should use multiple currencies for multiple purposes so that rates of inflationary dilution are purpose-specific. 4) There is no need to continue distribution of liquidity through the banking system as we did when there was hard currency. We can directly issue liquidity to consumers and cause spending without giving profits or power to the banking and finance system. This forces business and industry to fight for consumers, rather than fight for access to credit. 5) Money is information and the more kinds of money the more kinds of information we have that is less subject to distortion. I could write a book on this subject alone. 6) In theory money is neutral, in practice it is not. Not because prices are not eventually equilibrated, but because this process of equilibration works through the economy disruptively and without uniformity. 7) Lending should be regulated to the same degree as law, and debt should not be resellable because a price (value) is subjectively constructed and non-transferrable, and non-insurable. 8 ) Law has been abused to work in the favor of hazard-creation by lenders, and this should be inverted, and bankruptcy protection increased so that lenders have an extremely difficult time collecting and instead take fewer risks and take less responsibility for distributing liquidity. 9) intergenerational redistribution must be stopped, and the singaporean model adopted so that the future is calculable. Furthermore, this money cannot be touched by creditors or the state, or anyone else for that matter. 10 ) I would prefer that the government collected fees on all financial transactions rather than income taxes. I believe fees are necessary for the production of insurance of last resort, and those discretionary commons that make us competitive. Those are the major topics.

  • Ten Thoughts on Money

    Q&A: –“Curt, have you written much on money?”– I’ve written a bit , here and there, mostly on:

    1) the fact that fiat money is equal to shares in the state/economy, not notes or money. Moreover, I’ve tried to impress upon people that colloquial money (various mediums of exchange in sufficient volume to produce market price signals) and all its forms, differ substantially from money proper. And I’ve tried to correct mises and the bitcoin community on their uses of these terms – because it’s fraudulent to compare these media as having the same properties. They don’t’. 2) it’s not clear that people have any right to the appreciation of fiat money, nor whether they have a right to its store of value for any extended period of time (longer than a business cycle). 3) We should use multiple currencies for multiple purposes so that rates of inflationary dilution are purpose-specific. 4) There is no need to continue distribution of liquidity through the banking system as we did when there was hard currency. We can directly issue liquidity to consumers and cause spending without giving profits or power to the banking and finance system. This forces business and industry to fight for consumers, rather than fight for access to credit. 5) Money is information and the more kinds of money the more kinds of information we have that is less subject to distortion. I could write a book on this subject alone. 6) In theory money is neutral, in practice it is not. Not because prices are not eventually equilibrated, but because this process of equilibration works through the economy disruptively and without uniformity. 7) Lending should be regulated to the same degree as law, and debt should not be resellable because a price (value) is subjectively constructed and non-transferrable, and non-insurable. 8 ) Law has been abused to work in the favor of hazard-creation by lenders, and this should be inverted, and bankruptcy protection increased so that lenders have an extremely difficult time collecting and instead take fewer risks and take less responsibility for distributing liquidity. 9) intergenerational redistribution must be stopped, and the singaporean model adopted so that the future is calculable. Furthermore, this money cannot be touched by creditors or the state, or anyone else for that matter. 10 ) I would prefer that the government collected fees on all financial transactions rather than income taxes. I believe fees are necessary for the production of insurance of last resort, and those discretionary commons that make us competitive. Those are the major topics.

  • He Was Wrong: War Is Not An Extension Of Politics

      Clausewitz was pretty much wrong about everything. War is not an extension of politics. Politics is a means by which we limit war. It is not politics that is the basis of human interaction, but the ever present rational choice between war, conflict, boycott, cooperation, insurance, and kin-sacrifice. Political organizations exist to defend the interests of the group from competitors, and if possible convert the group to the most successful competitor, and therefore the competitor with the greatest discounts on negotiations with other groups. Politics is the extension of cooperation, and when politics fails, we return to the prior state – whatever is in our rational self-interest. But, as we are strong when organized gainst competitors, and weak when disorganized in the face of competitors, when political solutions fail, we merely choose politically organized conflict of large numbers rather than otherwise organized conflict of smaller numbers – thus allowing us to concentrate our full resources on the conflict in question.

  • He Was Wrong: War Is Not An Extension Of Politics

      Clausewitz was pretty much wrong about everything. War is not an extension of politics. Politics is a means by which we limit war. It is not politics that is the basis of human interaction, but the ever present rational choice between war, conflict, boycott, cooperation, insurance, and kin-sacrifice. Political organizations exist to defend the interests of the group from competitors, and if possible convert the group to the most successful competitor, and therefore the competitor with the greatest discounts on negotiations with other groups. Politics is the extension of cooperation, and when politics fails, we return to the prior state – whatever is in our rational self-interest. But, as we are strong when organized gainst competitors, and weak when disorganized in the face of competitors, when political solutions fail, we merely choose politically organized conflict of large numbers rather than otherwise organized conflict of smaller numbers – thus allowing us to concentrate our full resources on the conflict in question.

  • You Create Liberty without Permission

    YOU CREATE LIBERTY WITHOUT PERMISSION You can beg for Liberty and at best receive permission. Or you can create Liberty without permission.

    Liberty is produced always and only by a small minority through organized violence preventing any other alternative rule

  • You Create Liberty without Permission

    YOU CREATE LIBERTY WITHOUT PERMISSION You can beg for Liberty and at best receive permission. Or you can create Liberty without permission.

    Liberty is produced always and only by a small minority through organized violence preventing any other alternative rule

  • Devolve the Empire

    My political agenda is to devolve the empire, to constrain any federal government to defense, insurer or last resort, and interstate property conflict, and to liberate as many states to experiment in as many ways possible, creating lots of opportunity for ‘people at the top’. Let a thousand nations bloom.

  • Devolve the Empire

    My political agenda is to devolve the empire, to constrain any federal government to defense, insurer or last resort, and interstate property conflict, and to liberate as many states to experiment in as many ways possible, creating lots of opportunity for ‘people at the top’. Let a thousand nations bloom.

  • Evolution Of A Condition Of Liberty: The Struggle From Discretionary To Non Discretionary To Market Rule.

    (important piece) (consolidates concepts) Western Man struggles against discretionary (arbitrary) rule, in an effort to construct a condition of non-discretionary rule: Rule of Law.
    Rule of Law is imposed upon men by the organized use of violence to prohibit discretionary rule. Natural Law (property) provides Perfect Decidability to Rule of law, eliminating the need for discretionary rule. Natural Law prohibits the imposition of costs upon others, by the universal requirement for productive, fully informed, warrantied, voluntary transfer of that which man has homesteaded or obtained such transfers, when the acts were limited to externalities of the same criteria: productive, fully informed, warrantied, voluntary transfer. Common Law evolves incrementally by the identification of new methods of unproductive, insufficiently informed, unwarrantied, involuntary transfers, causing externalities of the same criteria, and adding those prohibitions to the canon of the law. Law of the Commons (Government) evolves: – First by concentrating rent seeking in the central authority, and suppressing familial, tribal, and local rent seeking, enabling each individual to act with his property in his best interests. – Second, the law of the commons evolves by the organization of production of commons, while removing the inability to defect from (free ride upon) the costs of provisioning those commons. – Third the law of the commons evolves to provide insurer of last resort as a service to the commons. – Fourth, the centralized rent seeking is eliminated by the conversion of the functions of insurer, and commons-producer, into a market for the selection of commons and tolerance for insurance. (Contractualism). Constitutions enumerate the processes by which rule of law, using market government, under natural law, is conducted by ordinary men. By use of force to create and fund, then market to persist, the meritocratic order is constructed against the will of the free riders that constitute all but a minority of the population. Man was not oppressed – he has been domesticated as surely as our plants and animals. Domesticated by the incremental suppression of parasitism through natural law, reproductive control, and aggressively culling the parasitic. Curt Doolittle The Propertaraian Institute Kiev, Ukraine

  • Evolution Of A Condition Of Liberty: The Struggle From Discretionary To Non Discretionary To Market Rule.

    (important piece) (consolidates concepts) Western Man struggles against discretionary (arbitrary) rule, in an effort to construct a condition of non-discretionary rule: Rule of Law.
    Rule of Law is imposed upon men by the organized use of violence to prohibit discretionary rule. Natural Law (property) provides Perfect Decidability to Rule of law, eliminating the need for discretionary rule. Natural Law prohibits the imposition of costs upon others, by the universal requirement for productive, fully informed, warrantied, voluntary transfer of that which man has homesteaded or obtained such transfers, when the acts were limited to externalities of the same criteria: productive, fully informed, warrantied, voluntary transfer. Common Law evolves incrementally by the identification of new methods of unproductive, insufficiently informed, unwarrantied, involuntary transfers, causing externalities of the same criteria, and adding those prohibitions to the canon of the law. Law of the Commons (Government) evolves: – First by concentrating rent seeking in the central authority, and suppressing familial, tribal, and local rent seeking, enabling each individual to act with his property in his best interests. – Second, the law of the commons evolves by the organization of production of commons, while removing the inability to defect from (free ride upon) the costs of provisioning those commons. – Third the law of the commons evolves to provide insurer of last resort as a service to the commons. – Fourth, the centralized rent seeking is eliminated by the conversion of the functions of insurer, and commons-producer, into a market for the selection of commons and tolerance for insurance. (Contractualism). Constitutions enumerate the processes by which rule of law, using market government, under natural law, is conducted by ordinary men. By use of force to create and fund, then market to persist, the meritocratic order is constructed against the will of the free riders that constitute all but a minority of the population. Man was not oppressed – he has been domesticated as surely as our plants and animals. Domesticated by the incremental suppression of parasitism through natural law, reproductive control, and aggressively culling the parasitic. Curt Doolittle The Propertaraian Institute Kiev, Ukraine