Curt Doolittle

Theme: Governance

  • The depth of changes that would be required to regulate banks would take years t

    The depth of changes that would be required to regulate banks would take years to ripple through the economy, and force the treasury to operate on Chinese levels of debt – but with pragmatic transparency.

    Why? The fundamental problem is not so much fractional reserve (which we can handle) but that debt is leverage for more debt and more debt. So imagine banking every cent was allocated to a specific debt, AND, debt issuers couldn’t resell a debt, only shares of the income from that debt.

    That is the only what we call ‘mechanical’ or empirical means of running a banking system. In other words PROBABILITY is improbable (impossible) under the current tolerance for compound debt.

    What would happen if we did that, the treasury would rapidly expand debt, making credit money expansion VISIBLE. And as a consequence providing the information we can’t produce in the current economic structure.

    Furthermore, it would drastically increase friction in the lending system, because it would end the illusion of risklessness.

    Cheers

    Source date (UTC): 2023-03-10 20:06:15 UTC

    Original post: https://twitter.com/i/web/status/1634284552276398088

    Replying to: https://twitter.com/i/web/status/1634281113735647243

  • The depth of changes that would be required to regulate banks would take years t

    The depth of changes that would be required to regulate banks would take years to ripple through the economy, and force the treasury to operate on Chinese levels of debt – but with pragmatic transparency.

    Why? The fundamental problem is not so much fractional reserve (which we can handle) but that debt is leverage for more debt and more debt. So imagine banking every cent was allocated to a specific debt, AND, debt issuers couldn’t resell a debt, only shares of the income from that debt.

    That is the only what we call ‘mechanical’ or empirical means of running a banking system. In other words PROBABILITY is improbable (impossible) under the current tolerance for compound debt.

    What would happen if we did that, the treasury would rapidly expand debt, making credit money expansion VISIBLE. And as a consequence providing the information we can’t produce in the current economic structure.

    Furthermore, it would drastically increase friction in the lending system, because it would end the illusion of risklessness.

    Cheers

    Reply addressees: @hambonesmyname @amuse

    Source date (UTC): 2023-03-10 20:06:15 UTC

    Original post: https://twitter.com/i/web/status/1634284552062488598

    Replying to: https://twitter.com/i/web/status/1634281113735647243

  • A whole room of public sector lefties: “Curt, we don’t understand. You’re a cons

    A whole room of public sector lefties: “Curt, we don’t understand. You’re a conservative. Why are you helping us?”

    Me: “You’re good people. You’re trying to do something good. You asked me for help. I can make money at it. Not everything is us against them.”

    That’s what moral people do.
    More of y’all should try it.
    As in many things, men and the right can, women and the left can’t. Why? The Herd of Feels vs the Market of Packs Reals.

    Source date (UTC): 2023-03-10 16:32:52 UTC

    Original post: https://twitter.com/i/web/status/1634230853130764289

  • A whole room of public sector lefties: “Curt, we don’t understand. You’re a cons

    A whole room of public sector lefties: “Curt, we don’t understand. You’re a conservative. Why are you helping us?”

    Me: “You’re good people. You’re trying to do something good. You asked me for help. I can make money at it. Not everything is us against them.”

    That’s what moral people do.
    More of y’all should try it.
    As in many things, men and the right can, women and the left can’t. Why? The Herd of Feels vs the Market of Packs Reals.

    Source date (UTC): 2023-03-10 16:32:52 UTC

    Original post: https://twitter.com/i/web/status/1634230853214543874

  • ZEIHAN ON THE CARTELS MEXICO BORDER AND GANGS (watch it) (but read this) 😉 Yeah

    ZEIHAN ON THE CARTELS MEXICO BORDER AND GANGS
    (watch it) (but read this) 😉
    Yeah, I know I’m a long term Zeihan (@PeterZeihan) fan, but that’s partly because I understand how and to whom he’s messaging. And I know his (few) soft (blind) spots. So when he says murder rates are due to “it’s gangs and cartels not covid.” That’s (sorta) true. But it’s gangs, cartels, antifa, blm, soros-funded district attorneys, the democratic party of urban self destruction, their evangelical army of the media, and the cult of the academic left. And when he says don’t build a wall, he’s not saying, ‘don’t build a wall, with half a mile of cleared land this side of the border, that’s heavily mined with non-metal anti-personnel mines. And don’t issue an open letter of marque to all citizens offering a 10K bounty for every dead drug mule you drag in the back of your pickup truck with his ‘delivery’. And don’t return to hanging repeat offenders and single crime gang members.” So, you know, it’s not like what we want to accomplish is impossible. It’s that we prefer the murder crime and social destruction instead of solving the problem.

    Yes, and well, I’m not so sure I’m using hyperbole here. 😉

    Cheers
    -Curt Doolittle

    #cartels #border #drugs #gangs #crimeu

    Source date (UTC): 2023-03-10 15:09:55 UTC

    Original post: https://twitter.com/i/web/status/1634209978796892162

  • ZEIHAN ON THE CARTELS MEXICO BORDER AND GANGS (watch it) (but read this) 😉 Yeah

    ZEIHAN ON THE CARTELS MEXICO BORDER AND GANGS
    (watch it) (but read this) 😉
    Yeah, I know I’m a long term Zeihan (@PeterZeihan) fan, but that’s partly because I understand how and to whom he’s messaging. And I know his (few) soft (blind) spots. So when he says murder rates are due to “it’s gangs and cartels not covid.” That’s (sorta) true. But it’s gangs, cartels, antifa, blm, soros-funded district attorneys, the democratic party of urban self destruction, their evangelical army of the media, and the cult of the academic left. And when he says don’t build a wall, he’s not saying, ‘don’t build a wall, with half a mile of cleared land this side of the border, that’s heavily mined with non-metal anti-personnel mines. And don’t issue an open letter of marque to all citizens offering a 10K bounty for every dead drug mule you drag in the back of your pickup truck with his ‘delivery’. And don’t return to hanging repeat offenders and single crime gang members.” So, you know, it’s not like what we want to accomplish is impossible. It’s that we prefer the murder crime and social destruction instead of solving the problem.

    Yes, and well, I’m not so sure I’m using hyperbole here. 😉

    Cheers
    -Curt Doolittle

    #cartels #border #drugs #gangs #crimeu

    Source date (UTC): 2023-03-10 15:09:55 UTC

    Original post: https://twitter.com/i/web/status/1634209978998222853

  • “Hamilton Internationally and Jefferson Domestically” 😉

    “Hamilton Internationally and Jefferson Domestically” 😉

    Source date (UTC): 2023-03-10 15:09:51 UTC

    Original post: https://twitter.com/i/web/status/1634209961625436161

  • ZEIHAN ON THE CARTELS MEXICO BORDER AND GANGS (watch it) (but read this) 😉 Yeah

    ZEIHAN ON THE CARTELS MEXICO BORDER AND GANGS
    (watch it) (but read this) 😉
    Yeah, I know I’m a long term Zeihan (@PeterZeihan) fan, but that’s partly because I understand how and to whom he’s messaging. And I know his (few) soft (blind) spots. So when he says murder rates are due to “it’s gangs and cartels not covid.” That’s (sorta) true. But it’s gangs, cartels, antifa, blm, soros-funded district attorneys, the democratic party of urban self destruction, their evangelical army of the media, and the cult of the academic left. And when he says don’t build a wall, he’s not saying, ‘don’t build a wall, with half a mile of cleared land this side of the border, that’s heavily mined with non-metal anti-personnel mines. And don’t issue an open letter of marque to all citizens offering a 10K bounty for every dead drug mule you drag in the back of your pickup truck with his ‘delivery’. And don’t return to hanging repeat offenders and single crime gang members.” So, you know, it’s not like what we want to accomplish is impossible. It’s that we prefer the murder crime and social destruction instead of solving the problem.

    Yes, and well, I’m not so sure I’m using hyperbole here. 😉

    Cheers
    -Curt Doolittle

    Source date (UTC): 2023-03-10 15:09:55 UTC

    Original post: https://twitter.com/i/web/status/1634209723460222976

  • RT @curtdoolittle: @BobMurphyEcon The Libertarian and Conservative views(wants)

    RT @curtdoolittle: @BobMurphyEcon The Libertarian and Conservative views(wants) government as an INSURER, while the Progressive views(wants…

    Source date (UTC): 2023-03-10 13:50:08 UTC

    Original post: https://twitter.com/i/web/status/1634189901632610309

  • RT @NateSilver538: This is a prominent example where attempts to label a claim a

    RT @NateSilver538: This is a prominent example where attempts to label a claim as “misinformation” didn’t work at all. Now a supermajority…

    Source date (UTC): 2023-03-10 05:51:00 UTC

    Original post: https://twitter.com/i/web/status/1634069321575022592