Curt Doolittle

Theme: Incentives

  • Jan 1, 2020, 9:19 AM MEANINGFUL NEW YEAR DATA DEBTIFICATION #3 Global stocks hav

    Jan 1, 2020, 9:19 AM MEANINGFUL NEW YEAR DATA DEBTIFICATION #3 Global stocks have increased in value by more than 25 trillion dollars over the past 10 years. #4 In the United States, 84 percent of all stocks are owned by the wealthiest 10 percent of all Americans. #5 The U.S. government is now more than 23 trillion dollars in debt. #12 Total U.S. household debt is about to cross the 14 trillion dollar mark. FINANCIALIZATION #13 A study that was recently released found that 70 percent of all Americans are struggling financially right now. #14 The average family in the United States cannot afford to buy a home in 71 percent of the country. #15 58 million jobs in the United States pay less than $793 a week. #16 According to the Social Security Administration, 50 percent of all Americans make less than $33,000 a year. #17 63 percent of the jobs that have been created in the United States since 1990 have been low wage jobs. #42 Almost one-third of all U.S. Millennials are still living with their parents. DESOCIALIZATION #27 Over the past decade, the suicide rate among young Americans has risen by 56 percent. #28 The suicide rate for the overall population increased by 41 percent between 1999 and 2016. IDIOCRACY #29 One survey has discovered that 15-year-old students in China are almost four full grade levels ahead of 15-year-old students in the United States in mathematics. #30 A different survey discovered that one-third of all American teenagers haven’t read a single book in the past year. FORNICATION #33 23 percent of all U.S. children live with a single parent. That is the highest rate in the entire world by a wide margin. #34 Today, approximately 40 percent of all babies in America are born to unmarried women. #35 The U.S. fertility rate has fallen 15 percent since 2007 and is now at the lowest level ever recorded. CALIFORNICATED #38 Today, almost half of all homeless people in the entire nation live in the state of California. #39 Over half of all California voters have considered leaving the state. DECIVILIZATION #40 According to an American Bar Association survey, only 38 percent of all Americans know that the U.S. Constitution is the highest law in the land. #41 58 percent of American adults under the age of 35 agree that some version of socialism “would be good for the country”. #43 According to the Pew Research Center, only 65 percent of Americans now consider themselves to be Christians. That is the lowest level ever recorded. #49 A survey that was conducted a couple of months ago found that 67 percent of all Americans believe that we are “on the edge of civil war”. RESTORATION #51 A majority of Propertarians believe they can solve these problems by reorganizing society with their new constitution. See what I did there? 😉

    Source: Michael Snyder from The Economic Collapse Blog

  • Economics Is Just Physics with Debits and Credits (memory)

    Jan 4, 2020, 10:38 AM

    —“Women crave privilege and license. Men desire liberty and justice. Prove me wrong.”—Joshua Fox

    Turn that statement into economic language: women desire consumption and men desire opportunity for production – the consequence of which is trading sex and reproduction for resources: a division of labor organized by voluntary exchanges.

    —“To the root!”–Joshua Fox

    Human behavior is all physics. It has to be. Economics is just physics with debts and credits. Our consciousness is just a vehicle for negotiating terms of cooperation. Cooperation is just a means of obtaining higher returns on investments of time and calories. Marriage – especially universal marriage – is the optimum compromise and the optimum means of calculating reproduction. The feminists are under the impression that men will behave by current means if the compromise of marriage and therefore exchange disappears. But if universal marriage and exchange of productivity for sex and offspring without imposing costs on others no longer exists, men will either invent new ways or revert to old ways that do not require cooperation. Women choose individually. Men choose collectively. Marriage and family is the compromise.

  • Economics Is Just Physics with Debits and Credits (memory)

    Jan 4, 2020, 10:38 AM

    —“Women crave privilege and license. Men desire liberty and justice. Prove me wrong.”—Joshua Fox

    Turn that statement into economic language: women desire consumption and men desire opportunity for production – the consequence of which is trading sex and reproduction for resources: a division of labor organized by voluntary exchanges.

    —“To the root!”–Joshua Fox

    Human behavior is all physics. It has to be. Economics is just physics with debts and credits. Our consciousness is just a vehicle for negotiating terms of cooperation. Cooperation is just a means of obtaining higher returns on investments of time and calories. Marriage – especially universal marriage – is the optimum compromise and the optimum means of calculating reproduction. The feminists are under the impression that men will behave by current means if the compromise of marriage and therefore exchange disappears. But if universal marriage and exchange of productivity for sex and offspring without imposing costs on others no longer exists, men will either invent new ways or revert to old ways that do not require cooperation. Women choose individually. Men choose collectively. Marriage and family is the compromise.

  • Hamster Wheel of Urban Economics

    Jan 5, 2020, 5:20 PM Proximity decreases opportunity costs (time). Decreases in opportunity costs increase transactions. Increases in transactions increase monetary velocity. Monetary velocity increases the possibility of consumption. Increases in consumption increase the possibility of taxation. An increase in taxation increases the possibility of commons. Increases in commons produce increases in demand for use (if not consumption) Increase in use of commons creates demand for government An increase in demand for the government creates increases in opportunities for rent. Increase in opportunity for rent increase rents. Increases in rents decrease the opportunity for commons and consumption and… you see where this goes. There is greater incentive and control in accessing rents than in creating or using commons or production. As in all cases rents accumulate until maintenance of commons is impossible Incomes decline. Rents and debt remain. Top margin leaves. Leaving only extractors (financial sector), and rent extractors (dependence and the state). Finally the major industries leave. And that’s it. Urban death follows. The only possibility is external wealth, such as Byzantium could extract as trade moved through the narrow straights. This is why the middle east is a disaster. It evolved to specialize in parasitism not production. When the trade route fell because of the age of sail it was dark ages for them, just as the Muslim destruction of Mediterranean trade caused the economic dark ages in Europe. The Hamster Wheel of economics.

  • Hamster Wheel of Urban Economics

    Jan 5, 2020, 5:20 PM Proximity decreases opportunity costs (time). Decreases in opportunity costs increase transactions. Increases in transactions increase monetary velocity. Monetary velocity increases the possibility of consumption. Increases in consumption increase the possibility of taxation. An increase in taxation increases the possibility of commons. Increases in commons produce increases in demand for use (if not consumption) Increase in use of commons creates demand for government An increase in demand for the government creates increases in opportunities for rent. Increase in opportunity for rent increase rents. Increases in rents decrease the opportunity for commons and consumption and… you see where this goes. There is greater incentive and control in accessing rents than in creating or using commons or production. As in all cases rents accumulate until maintenance of commons is impossible Incomes decline. Rents and debt remain. Top margin leaves. Leaving only extractors (financial sector), and rent extractors (dependence and the state). Finally the major industries leave. And that’s it. Urban death follows. The only possibility is external wealth, such as Byzantium could extract as trade moved through the narrow straights. This is why the middle east is a disaster. It evolved to specialize in parasitism not production. When the trade route fell because of the age of sail it was dark ages for them, just as the Muslim destruction of Mediterranean trade caused the economic dark ages in Europe. The Hamster Wheel of economics.

  • Our Proposal Is Hard to Refuse

    Feb 5, 2020, 7:41 PM P-Constitution, it’s nationalization of consumer credit, and its prohibitions on rent seeking, will destroy the entire rent seeking structure of the western economies, preserving only those investments that contribute to production. The entire insurance industry, mortgage industry, credit card industry, and any business that makes it’s money from credit rather than production and sale of goods and services will collapse with all the wealth retained by the laboring, working, and middle classes. The Concentration of wealth in DC, NY and via New York to Hollywood/LA will vaporize within months. Investors will flee to Assets. The prohibition on baiting into hazard, and the institution of involuntary warranty; the liability for testimonial speech in public, restoration of defamation, and the extension of defamation to defense of the commons; and the loss of copyright protection other than creative commons will collapse the media and advertising business as they desperately seek to reform. Capital will seek safety first, then alliance with the treasury on investments, and the states will have no alternative than to follow germany, japan, and south korea into competing with china on tech, and depriving china of its market. The requirement for right to repair and limits to labor arbitrage will restore european markets. The distribution of liquidity directly to citizens to maintain spending, and the deprivation of ‘undesirables’ from this distribution will drive them out of the market. This strategy amounts to paying off the middle to destroy the top and bottom.

  • Our Proposal Is Hard to Refuse

    Feb 5, 2020, 7:41 PM P-Constitution, it’s nationalization of consumer credit, and its prohibitions on rent seeking, will destroy the entire rent seeking structure of the western economies, preserving only those investments that contribute to production. The entire insurance industry, mortgage industry, credit card industry, and any business that makes it’s money from credit rather than production and sale of goods and services will collapse with all the wealth retained by the laboring, working, and middle classes. The Concentration of wealth in DC, NY and via New York to Hollywood/LA will vaporize within months. Investors will flee to Assets. The prohibition on baiting into hazard, and the institution of involuntary warranty; the liability for testimonial speech in public, restoration of defamation, and the extension of defamation to defense of the commons; and the loss of copyright protection other than creative commons will collapse the media and advertising business as they desperately seek to reform. Capital will seek safety first, then alliance with the treasury on investments, and the states will have no alternative than to follow germany, japan, and south korea into competing with china on tech, and depriving china of its market. The requirement for right to repair and limits to labor arbitrage will restore european markets. The distribution of liquidity directly to citizens to maintain spending, and the deprivation of ‘undesirables’ from this distribution will drive them out of the market. This strategy amounts to paying off the middle to destroy the top and bottom.

  • It will profoundly normalize life. It will also do wonderful things to the capit

    It will profoundly normalize life. It will also do wonderful things to the capital sector as it must seek longer term investments.

    Combined with right to repair, and minimum durable use, it will make a huge difference.

    Source date (UTC): 2020-05-29 21:24:08 UTC

    Original post: https://twitter.com/i/web/status/1266480468540772356

    Reply addressees: @EricLiford

    Replying to: https://twitter.com/i/web/status/1266479753336369156

  • Zero interest on durable consumer goods, when borrowed from the treasury. Zero e

    Zero interest on durable consumer goods, when borrowed from the treasury. Zero enforceability of consumer debt. In other words, you loan at hazard, because you can’t bait into hazard. This will end the collection industry and all the negative incentives that result from credit.

    Source date (UTC): 2020-05-29 21:16:56 UTC

    Original post: https://twitter.com/i/web/status/1266478656144236548

    Reply addressees: @EricLiford

    Replying to: https://twitter.com/i/web/status/1266477245616586757

  • The Malincentive

    The Malincentive https://propertarianism.com/2020/05/29/the-malincentive/

    Source date (UTC): 2020-05-29 21:10:20 UTC

    Original post: https://twitter.com/i/web/status/1266476994180665346