The rothbardian argument originated in a bias to favor the concentration of savings for the purpose of redeployment as usury over the utility of credit. (yes, really, that’s the reason)
Source date (UTC): 2018-09-26 12:56:00 UTC
Theme: Incentives
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The rothbardian argument originated in a bias to favor the concentration of savi
The rothbardian argument originated in a bias to favor the concentration of savings for the purpose of redeployment as usury over the utility of credit. (yes, really, that’s the reason)
Source date (UTC): 2018-09-26 07:58:51 UTC
Original post: https://twitter.com/i/web/status/1044858826539905025
Reply addressees: @Lord_Keynes2
Replying to: https://twitter.com/i/web/status/1044845610627674112
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Women are wonderful, and superior at the same things men are not. The problem wa
Women are wonderful, and superior at the same things men are not. The problem was extending the franchise without producing a market for differences between the genders in the production of commons. We created houses for the aristocracy(monarchy), nobility(lords), middle class (commons). But when we added labor (labor), and then added women(women), we did not add houses for them, and thereby failed to grasp what we had done: created a market for the production of commons between the classes that prohibited the abuse by any in gaining majority. The problem was, that people become increasingly incompetent in matters of the day as their responsibilities decline. So without requirements for children and property it is almost impossible to create a civil discourse and market between the classes – since the people in the market for commons must demonstrate prior ability to succeed in markets of voluntary cooperation.
Source date (UTC): 2018-09-25 09:42:00 UTC
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GREAT QUESTION OF THE DAY —“Which is more valuable credit or debt”— Justin F
GREAT QUESTION OF THE DAY
—“Which is more valuable credit or debt”— Justin Fortune
This is an interesting question. The to the creditor it represents income in exchange for risk. To the debtor it represents consumption in exchange for risk. To the debtor and creditor both, it represents dependence upon a neutral enforcer (insurer). To the polity it represents economic velocity and the general increase in purchasing power.
It is far harder to find opportunities to lend (to knowledge) than it is to find opportunities to borrow (to knowledge) and leverage. So for example it is very hard to find outsized opportunities for interest, but if you have credit available with which to seize and opportunity to capture a windfall discount due to timing, then credit is by far the most valuable. And the opportunity to seize outsized returns on production is far greater than on consumption (rents).
Hence my advocacy of elimination of interest on consumption, retention of interest on production, and investment, such that we eliminate rents, and direct all credit to the seizure of opportunities for outsized returns.
Source date (UTC): 2018-09-21 10:38:00 UTC
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September 21st, 2018 10:38 AM GREAT QUESTION OF THE DAY —“Which is more valuab
September 21st, 2018 10:38 AM GREAT QUESTION OF THE DAY
—“Which is more valuable credit or debt”— Justin Fortune
[T]his is an interesting question. The to the creditor it represents income in exchange for risk. To the debtor it represents consumption in exchange for risk. To the debtor and creditor both, it represents dependence upon a neutral enforcer (insurer). To the polity it represents economic velocity and the general increase in purchasing power. It is far harder to find opportunities to lend (to knowledge) than it is to find opportunities to borrow (to knowledge) and leverage. So for example it is very hard to find outsized opportunities for interest, but if you have credit available with which to seize and opportunity to capture a windfall discount due to timing, then credit is by far the most valuable. And the opportunity to seize outsized returns on production is far greater than on consumption (rents). Hence my advocacy of elimination of interest on consumption, retention of interest on production, and investment, such that we eliminate rents, and direct all credit to the seizure of opportunities for outsized returns.
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September 21st, 2018 10:38 AM GREAT QUESTION OF THE DAY —“Which is more valuab
September 21st, 2018 10:38 AM GREAT QUESTION OF THE DAY
—“Which is more valuable credit or debt”— Justin Fortune
[T]his is an interesting question. The to the creditor it represents income in exchange for risk. To the debtor it represents consumption in exchange for risk. To the debtor and creditor both, it represents dependence upon a neutral enforcer (insurer). To the polity it represents economic velocity and the general increase in purchasing power. It is far harder to find opportunities to lend (to knowledge) than it is to find opportunities to borrow (to knowledge) and leverage. So for example it is very hard to find outsized opportunities for interest, but if you have credit available with which to seize and opportunity to capture a windfall discount due to timing, then credit is by far the most valuable. And the opportunity to seize outsized returns on production is far greater than on consumption (rents). Hence my advocacy of elimination of interest on consumption, retention of interest on production, and investment, such that we eliminate rents, and direct all credit to the seizure of opportunities for outsized returns.
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“On average, after the workday begins, employees take a few hours to reach their
—“On average, after the workday begins, employees take a few hours to reach their peak levels of alertness and energy — and that peak does not last long. Not long after lunch, those levels begin to decline, hitting a low at around 3pm. We often blame this on lunch, but in reality this is just a natural part of the circadian process. After the 3pm dip, alertness tends to increase again until hitting a second peak at approximately 6pm. Following this, alertness tends to then decline for the rest of the evening and throughout the early morning hours until hitting the very lowest point at approximately 3:30am. After hitting that all-time low, alertness tends to increase for the rest of the morning until hitting the first peak shortly after noon the next day.”—
Source date (UTC): 2018-09-20 14:00:00 UTC
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RT @SteveStuWill: Why do journalists focus on negative news? Because that’s what
RT @SteveStuWill: Why do journalists focus on negative news? Because that’s what people want (even when they say it’s not). https://t.co/DR…
Source date (UTC): 2018-09-20 10:52:30 UTC
Original post: https://twitter.com/i/web/status/1042728199174742016
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September 20th, 2018 8:09 AM [F]un conversation last night with folks on the Pro
September 20th, 2018 8:09 AM [F]un conversation last night with folks on the Propertarian Discord Server. Need to be more careful when I complain about keynesianism because I’m complaining about the Saltwater School and it’s abuse of Keynesianism to destroy human capital, and obtain power, in favor of expanding the socialist state. Still was interesting that you can’t have a conversation about political economy with people who have a monetary education, because ‘well we don’t consider that’ which is my whole criticism: cherry picking. Political Economy, Research and development economy, Entrepreneurial Economy, Investment economy (wealth preservation), and monetary economy. From the long to the short term.
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economic and political incentives
economic and political incentives
Source date (UTC): 2018-09-19 17:58:33 UTC
Original post: https://twitter.com/i/web/status/1042473031556362246
Reply addressees: @TheGreatOrderIs
Replying to: https://twitter.com/i/web/status/1042395496508207104
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