Curt Doolittle

Theme: Incentives

  • Curt Doolittle updated his status.

    (FB 1551451448 Timestamp) u·su·ry [ˈyo͞oZH(ə)rē] NOUN the illegal action or practice of lending money at unreasonably high rates of interest. Why would there be laws against excessive interest rates?

    1. I loan you money. you pay me many times the original amount. and you can’t catch up, ever…..

    2. I loan you money, you cant pay, I take your house….

    3. I loan you money, you can’t pay, you have to resort to crime, others are harmed….

    In each of these circumstances the public is now carrying you as a burden, while the usurer is free riding on the public because he succeeded in baited you into moral hazard. As such it breaks the prohibition on negative externality. It breaks productivity by benefitting disproportionately from the suffering of others. It breaks asymmetry of information by asymmetry of incentive (taking advantage of the moment). The actor has no material skin in the game and no warranty. So we say instead the usurer has a negative due diligence. It’s “baiting into moral hazard.” TEST OF RECIPROCITY (Morality): Productive, (fail) Fully Informed (baited into optimism) Warrantied, (fail) Voluntary Transfer (“under duress”) Free of Negative Externality (fail)

  • Curt Doolittle updated his status.

    (FB 1551449375 Timestamp) ECONOMICS IS THE STUDY OF PEOPLE by Stephen Thomas (mutliple quotables in this one) Economics is not really the study of money or financial systems. It’s the study of people and groups and the behaviors of each/both. The more I have studied it. The more I realize. I am not learning about anything other than people. The People are the market. Markets in everything is not how we want it to be. Markets in everything is how we already are without externals forcing to be behave otherwise. Need(desire) > Incentive(demand) > Motivation > Action > Result(Failure/Success) > Need(desire) This seems to be the cycle of nearly all human actions.

  • Curt Doolittle updated his status.

    (FB 1551451448 Timestamp) u·su·ry [ˈyo͞oZH(ə)rē] NOUN the illegal action or practice of lending money at unreasonably high rates of interest. Why would there be laws against excessive interest rates?

    1. I loan you money. you pay me many times the original amount. and you can’t catch up, ever…..

    2. I loan you money, you cant pay, I take your house….

    3. I loan you money, you can’t pay, you have to resort to crime, others are harmed….

    In each of these circumstances the public is now carrying you as a burden, while the usurer is free riding on the public because he succeeded in baited you into moral hazard. As such it breaks the prohibition on negative externality. It breaks productivity by benefitting disproportionately from the suffering of others. It breaks asymmetry of information by asymmetry of incentive (taking advantage of the moment). The actor has no material skin in the game and no warranty. So we say instead the usurer has a negative due diligence. It’s “baiting into moral hazard.” TEST OF RECIPROCITY (Morality): Productive, (fail) Fully Informed (baited into optimism) Warrantied, (fail) Voluntary Transfer (“under duress”) Free of Negative Externality (fail)

  • Curt Doolittle updated his status.

    (FB 1551449425 Timestamp) —“Markets in everything is not how we want it to be. Markets in everything is how we already are without externals forcing to be behave otherwise.”—Stephen Thomas

  • Curt Doolittle updated his status.

    (FB 1551449375 Timestamp) ECONOMICS IS THE STUDY OF PEOPLE by Stephen Thomas (mutliple quotables in this one) Economics is not really the study of money or financial systems. It’s the study of people and groups and the behaviors of each/both. The more I have studied it. The more I realize. I am not learning about anything other than people. The People are the market. Markets in everything is not how we want it to be. Markets in everything is how we already are without externals forcing to be behave otherwise. Need(desire) > Incentive(demand) > Motivation > Action > Result(Failure/Success) > Need(desire) This seems to be the cycle of nearly all human actions.

  • Curt Doolittle updated his status.

    (FB 1551551252 Timestamp) —“How do you get women to leave the workforce? Reduce incentives for them to choose a career over family? If so how would that work?”—John Smith CLARIFICATION It’s not important that women leave the work force so much as that we lower the burden of not being in the work force so that women work for luxuries, socialization, and joy rather than out of economic necessity at the expense of family. There are women who will always feel the drive for achievement just like men do. There are plenty of women however, who would prefer to maintain a comfortable middle class lifestyle, while raising their children without compromise. HOW: 1. Distribute liquidity (money supply) directly to consumers, instead of thru the financial system. 2. Eliminate Consumer Interest on durable goods. 3. Restore voluntary disassociation, so it’s not necessary to ‘buy a home where good schools are’ rather than have good schools by prohibiting peoples who ruin them. We can make most neighborhoods good neighborhoods again -without much difficulty. 4. Eliminate subsidy for non-degrees in non-subjects. 5. Eliminate communal property, alimony, and child support. 6. Tax Freedom for self-support of 4 or more children. 7. Involuntary Sterilization of dependent mothers. 8. Restore universal male service, and continual fitness for service through age 60. 9. Reduce junior and high school to half time and part time work thereby eliminating jobs for immigrants. 10. This ends the ignorance, desocialization, and lack of agency an of teenagers such that they do not enter maturity with pent up sexual, social, economic, frustrations. We subsidize bad behavior. end the subsidies and the behavior will end. —“Those solutions lighten the burden of raising a nuclear family and help people avoid debt pitfalls. So that definitely helps women choose not to prioritize work over family. However, there is social status and wealth you can get from choosing a career over family. Women, like all humans, like wealth and social status. What’s stopping a female from becoming career oriented because she wants wealth and social status?.”–John Smith Women are not like men. They are much more signal driven. Change the signals and change the behavior. We will never turn back the clock. But we can rebalance the distribution. —“Very interesting Curt, thank you.”–John Smith

  • Curt Doolittle updated his status.

    (FB 1551544387 Timestamp) RADICAL CHANGE TO REVERSE RADICAL CHANGE The returns on low investment parenting in exchange for additional income by women’s entry into the workforce, then absorbed by taxation and redistributed to the underclasses and immigrants has been catastrophic in addition to dysgenic. Instead, return to high investment parenting, high returns commons, and reduction in signaling costs between peoples capable of high trust order, with the resulting high returns is superior to the continuation of this suicide by finance.

  • Curt Doolittle updated his status.

    (FB 1551551252 Timestamp) —“How do you get women to leave the workforce? Reduce incentives for them to choose a career over family? If so how would that work?”—John Smith CLARIFICATION It’s not important that women leave the work force so much as that we lower the burden of not being in the work force so that women work for luxuries, socialization, and joy rather than out of economic necessity at the expense of family. There are women who will always feel the drive for achievement just like men do. There are plenty of women however, who would prefer to maintain a comfortable middle class lifestyle, while raising their children without compromise. HOW: 1. Distribute liquidity (money supply) directly to consumers, instead of thru the financial system. 2. Eliminate Consumer Interest on durable goods. 3. Restore voluntary disassociation, so it’s not necessary to ‘buy a home where good schools are’ rather than have good schools by prohibiting peoples who ruin them. We can make most neighborhoods good neighborhoods again -without much difficulty. 4. Eliminate subsidy for non-degrees in non-subjects. 5. Eliminate communal property, alimony, and child support. 6. Tax Freedom for self-support of 4 or more children. 7. Involuntary Sterilization of dependent mothers. 8. Restore universal male service, and continual fitness for service through age 60. 9. Reduce junior and high school to half time and part time work thereby eliminating jobs for immigrants. 10. This ends the ignorance, desocialization, and lack of agency an of teenagers such that they do not enter maturity with pent up sexual, social, economic, frustrations. We subsidize bad behavior. end the subsidies and the behavior will end. —“Those solutions lighten the burden of raising a nuclear family and help people avoid debt pitfalls. So that definitely helps women choose not to prioritize work over family. However, there is social status and wealth you can get from choosing a career over family. Women, like all humans, like wealth and social status. What’s stopping a female from becoming career oriented because she wants wealth and social status?.”–John Smith Women are not like men. They are much more signal driven. Change the signals and change the behavior. We will never turn back the clock. But we can rebalance the distribution. —“Very interesting Curt, thank you.”–John Smith

  • Curt Doolittle updated his status.

    (FB 1551544387 Timestamp) RADICAL CHANGE TO REVERSE RADICAL CHANGE The returns on low investment parenting in exchange for additional income by women’s entry into the workforce, then absorbed by taxation and redistributed to the underclasses and immigrants has been catastrophic in addition to dysgenic. Instead, return to high investment parenting, high returns commons, and reduction in signaling costs between peoples capable of high trust order, with the resulting high returns is superior to the continuation of this suicide by finance.

  • Curt Doolittle shared a link.

    (FB 1551794255 Timestamp) WHAT KIND OF ANTI MARKET ARE YOU? https://propertarianinstitute.com/2017/04/17/what-kind-of-anti-market-are-you-youre-some-kind-i-promise/