Curt Doolittle

Theme: Incentives

  • Oct 5, 2019, 12:52 PM —“The Fed can do whatever it wants. It literally has a f

    Oct 5, 2019, 12:52 PM

    —“The Fed can do whatever it wants. It literally has a football field full of printing presses in the basement. If they want to re-steepen the yield curve, they can do it tomorrow. They just don’t want to change the paradigm. Don’t want to rock the boat. Change will creep in at the margin, probably among the scandis and Japanese, who has been dealing with these problems the longest.”— Michael Churchill

    Michael is saying the same thing everyone says, and thats that the state can’t go bankrupt because debt is denominated in dollars that they can print and simultaneously inflate. That’s different from deflation, in which people simply refuse to spend no matter what, or hyperinflation, which means that people are so suspicious of the future value that contracts for complex production are impossible, and demand for cash increases rapidly and the unpredictability appears in temporary (daily, hourly) prices. Money must allow the organization of networks of intertemporal investment, production, distribution, and trade, without providing rents (allowing interest-only gains), or decreasing the tolerance for time differences. In other words, the longer and more complex the Hayekian triangles (networks of production) the more the need for a stable currency. This is why states prefer spending rather than direct inflation. On the other hand I recommend direct distribution rather than inflation or spending, because this is the most direct route to the population and the people tend to spend rather than pay down debts. NOTE: notice I how just talked about economics operationally in descriptive terms (actions) using only Hayekian Triangles, and even when I did, I only did so to teach you the term. conversely note how people use many terms of art in economics. The problem is the individual does not know the difference between an economic term and a financial term. Inflation of the money supply causes inflation of prices to absorb it, such that the purchasing power of TIME (time and other resources are still just time, time to get the resources), stays the same. Deflation generally means decline in prices due to decreasing demand, and both deflation and inflation (increases because of more money, deflation because of less spending, or shift in what’s being produced. Right now restaurant food prices are increasing because more people have jobs and restaurants are having to pay more for staff.)

  • More on Guilds

    More on Guilds https://propertarianism.com/2020/05/27/more-on-guilds/

    Source date (UTC): 2020-05-27 17:36:00 UTC

    Original post: https://twitter.com/i/web/status/1265698279569981441

  • More on Guilds

    Oct 12, 2019, 8:18 PM Guilds limited access, all but eliminated competition and preserved quality, which prevented optimum market pricing in exchange for optimum benefit to workers – because transport costs for goods were higher than local premium prices. So it’s more of an question of eliminating labor arbitrage. Now, other issues were important in the era because tools cost quite a bit, and it prevented the privatization of these tools. And they were also like guarantees of weights and measures in that Guild members found guilty of cheating on the public would be fined or banned from the guild. One of the policies I want to enforce is right-to-repair which will drive out the cheap goods, drive up prices and durability of goods, ending the disposable, and closing our competitive difference with japan and germany.

  • More on Guilds

    Oct 12, 2019, 8:18 PM Guilds limited access, all but eliminated competition and preserved quality, which prevented optimum market pricing in exchange for optimum benefit to workers – because transport costs for goods were higher than local premium prices. So it’s more of an question of eliminating labor arbitrage. Now, other issues were important in the era because tools cost quite a bit, and it prevented the privatization of these tools. And they were also like guarantees of weights and measures in that Guild members found guilty of cheating on the public would be fined or banned from the guild. One of the policies I want to enforce is right-to-repair which will drive out the cheap goods, drive up prices and durability of goods, ending the disposable, and closing our competitive difference with japan and germany.

  • The Economics of Female Mate Selection

    The Economics of Female Mate Selection https://propertarianism.com/2020/05/27/the-economics-of-female-mate-selection/

    Source date (UTC): 2020-05-27 17:16:49 UTC

    Original post: https://twitter.com/i/web/status/1265693455176486913

  • The Economics of Female Mate Selection

    Oct 14, 2019, 10:12 AM Women voluntarily pair with men, (a) to defend against involuntary pairing with other men; (b)to gain access to resource and defense, (c) status (market value) largely among women, (d) to capture genes, attention and resources and keep them away from other women, (e) mates will sacrifice more than all other combined except mothers for children (ie: friendship), (f) cooperation is disproportionately more productive than all other individual actions. This produces the emotional reaction of friendship: ready access to attention and care. Our emotions evolved to inform us that these are the optimum actions. Marriage is only an optimum under property. As we can see reversing in modernity. Successful people with assets stay together. Poor without them far less so. I can explain that also but it’s not very ‘nice’.

  • The Economics of Female Mate Selection

    Oct 14, 2019, 10:12 AM Women voluntarily pair with men, (a) to defend against involuntary pairing with other men; (b)to gain access to resource and defense, (c) status (market value) largely among women, (d) to capture genes, attention and resources and keep them away from other women, (e) mates will sacrifice more than all other combined except mothers for children (ie: friendship), (f) cooperation is disproportionately more productive than all other individual actions. This produces the emotional reaction of friendship: ready access to attention and care. Our emotions evolved to inform us that these are the optimum actions. Marriage is only an optimum under property. As we can see reversing in modernity. Successful people with assets stay together. Poor without them far less so. I can explain that also but it’s not very ‘nice’.

  • Never Attribute to The Moral What Is Merely Self Interest

    Oct 17, 2019, 11:35 AM (slavery) Slavery existed because of labor required for farming. It ended i) because the labor required for farming first reduced by western agrarian innovation, then ii) was eliminated by western innovation, and iii) because western finance, accounting, and taxation technology made customers provide higher returns than slavery. ie: capitalism(markets) produce incentives that slavery cannot match. People are not moral. They are practical. They just make excuses to virtue signal wealth, and the elimination of slavery was an excuse to signal wealth. Never assume people are ‘good’. They are always selfish. In almost every case, from the jewish ban on max of six years, to the pre-modern period, to the modern, to the reason governments banned slavery so that they could tax these individuals, or prevent such accumulation of wealth under slavery that competitors to the state could emerge in colonies. Same for the American civil war. It was so that the western territories did not fall under the political leadership of the south and preserve slavery, which would have left the south in control of the continent, isolating the industrial north.

  • Never Attribute to The Moral What Is Merely Self Interest

    Oct 17, 2019, 11:35 AM (slavery) Slavery existed because of labor required for farming. It ended i) because the labor required for farming first reduced by western agrarian innovation, then ii) was eliminated by western innovation, and iii) because western finance, accounting, and taxation technology made customers provide higher returns than slavery. ie: capitalism(markets) produce incentives that slavery cannot match. People are not moral. They are practical. They just make excuses to virtue signal wealth, and the elimination of slavery was an excuse to signal wealth. Never assume people are ‘good’. They are always selfish. In almost every case, from the jewish ban on max of six years, to the pre-modern period, to the modern, to the reason governments banned slavery so that they could tax these individuals, or prevent such accumulation of wealth under slavery that competitors to the state could emerge in colonies. Same for the American civil war. It was so that the western territories did not fall under the political leadership of the south and preserve slavery, which would have left the south in control of the continent, isolating the industrial north.

  • Oct 19, 2019, 10:52 AM “The way Silicon Valley invests in the economy is the way

    Oct 19, 2019, 10:52 AM

    “The way Silicon Valley invests in the economy is the way the Government should invest in the economy and it’s not.” – Doolittle