Curt Doolittle

Theme: Incentives

  • by Skye Stewart Dig a little most lefties don’t intuitively grasp Econ 101. So r

    by Skye Stewart

    Dig a little most lefties don’t intuitively grasp Econ 101. So rich people qualitatively are those who have taken from others.

    Of course, opponents, forgetting there is no “pure” free market, often forget many rich people have their positions due precisely to unearned political rents to some degree.

    So some naturally get pissed off when they see economic inequality, and are sometimes wrong in their assumptions about its causal nature, while others do not get pissed off though they should be since it was unearned, at least economically.

    Source date (UTC): 2018-09-12 18:14:00 UTC

  • People ARE 100% responsible for their success and failures TO REACH THEIR FULL P

    People ARE 100% responsible for their success and failures TO REACH THEIR FULL POTENTIAL in the market for competency.

    1) Any attempt to reach more than their relative ability to reach their full potential must be obtained by stealing from others who are more competent, and causing harm to the polity because of it.

    2) pareto rule MUST exist: 10% do 50% of the value, 10% of that 10% do 50% of the value, and 10% of that 10% do 50% of the value and so on. Meaning that most people below a certain threshold, are a relative dead weight on society and mankind.

    3) The difference is that conservatives desire and enjoy hierarchy and are not troubled by ‘fulfilling their duty of their position” while liberals think of almost nothing else than that others are superior to them in position, and are so because of competency.

    4) Where competency means genes, ability, personality, morals, ethics, values, manners, habits, speech, appearance.

    5) Classes exist. At every seven points we vary in vocational ability, and at every 15 points social ability, and at ever4 30 points we are nearly different species, with the commonality of language producing the illusion of compatibility.

    6) we are, all of us, and must be, rewarded for the returns we provide to others when they cooperate with us.

    7) And the results of that competition is a lottery with only so many pareto-efficient winners. Who, if they make good choices, can create an intergenerational family that persists their status – something that requires selective mating to prevent regression to the collective mean.

    Source date (UTC): 2018-09-12 09:24:00 UTC

  • September 12th, 2018 10:48 AM —“There are too many examples of how the short-s

    September 12th, 2018 10:48 AM

    —“There are too many examples of how the short-sighted, or medium-sighted, values of our commercial elite conflict with the long-term values of the genetic and cultural group. This isn’t a new phenomenon but its effects have been amplified since the industrial revolution and our defenses have not kept pace with or adequately utilized the technological advances of the day. The influence of the commercial sector is vast and restraints on it are ineffective. An additional problem is that since the death of god and the disintegration of our religious institutions, we perceive profit in wholly materialistic terms. I think your emphasis on an expanded appreciation of property may be an antidote to this aspect of the problem.”— Tim Spillane

    Commercialism (Unregulated Capitalism) = Universalism at the expense of the people who make such commerce possible.

  • September 12th, 2018 10:48 AM —“There are too many examples of how the short-s

    September 12th, 2018 10:48 AM

    —“There are too many examples of how the short-sighted, or medium-sighted, values of our commercial elite conflict with the long-term values of the genetic and cultural group. This isn’t a new phenomenon but its effects have been amplified since the industrial revolution and our defenses have not kept pace with or adequately utilized the technological advances of the day. The influence of the commercial sector is vast and restraints on it are ineffective. An additional problem is that since the death of god and the disintegration of our religious institutions, we perceive profit in wholly materialistic terms. I think your emphasis on an expanded appreciation of property may be an antidote to this aspect of the problem.”— Tim Spillane

    Commercialism (Unregulated Capitalism) = Universalism at the expense of the people who make such commerce possible.

  • 3 – My belief is that they can no longer use the financial system or fiscal spen

    3 – My belief is that they can no longer use the financial system or fiscal spending to correct the economy, and as such must (and we must prepare them to) directly redistribute liquidity to consumers (citizens). A few of us recommended paying down mortgages instead.

    Source date (UTC): 2018-09-11 12:22:38 UTC

    Original post: https://twitter.com/i/web/status/1039489390605680641

    Reply addressees: @YungLung710

    Replying to: https://twitter.com/i/web/status/1039369495616270336

    IN REPLY TO:

    @YungLung710

    @curtdoolittle Do you think this next economic recession will be worse than the one in 2008?

    Original post: https://twitter.com/i/web/status/1039369495616270336

  • 1 – I think that most of the skeptics (including me) who specialize in contraria

    1 – I think that most of the skeptics (including me) who specialize in contrarianism (the tendency of markets to disequilibrate and crash) are fairly certain that the use of monetary policy and fiscal stimulus is no longer capable of influencing the economy

    Source date (UTC): 2018-09-11 12:18:36 UTC

    Original post: https://twitter.com/i/web/status/1039488377496776704

    Reply addressees: @YungLung710

    Replying to: https://twitter.com/i/web/status/1039369495616270336

    IN REPLY TO:

    @YungLung710

    @curtdoolittle Do you think this next economic recession will be worse than the one in 2008?

    Original post: https://twitter.com/i/web/status/1039369495616270336

  • My answer to Do you think it makes sense for the City of Redmond (Washington) to

    My answer to Do you think it makes sense for the City of Redmond (Washington) to have so many apartments and hotels being built? https://www.quora.com/Do-you-think-it-makes-sense-for-the-City-of-Redmond-Washington-to-have-so-many-apartments-and-hotels-being-built/answer/Curt-Doolittle?srid=u4Qv

    Source date (UTC): 2018-09-11 02:48:46 UTC

    Original post: https://twitter.com/i/web/status/1039344975195119618

  • Freshness of Sensation: Math, Philosophy, Poetry These disciplines provide oppor

    Freshness of Sensation: Math, Philosophy, Poetry

    These disciplines provide opportunity for creative mines to continuously produce the sense of novelty at zero economic cost. The important… https://www.facebook.com/permalink.php?story_fbid=292091181387779&id=100017606988153

    Source date (UTC): 2018-09-09 12:30:13 UTC

    Original post: https://twitter.com/i/web/status/1038766523710668800

  • “The purpose of social hierarchies is to organize social groups in order to allo

    —-“The purpose of social hierarchies is to organize social groups in order to allocate limited resources, such as mates and food (Sapolsky, 2005), facilitate social learning (Henrich & Mcelreath, 2003), and maximize individual motivation (Halevy et al, 2011; Magee & Galinsky, 2008). By definition, some individuals within the hierarchy – those at the top – will be afforded more resources and benefits than others, thus affecting morbidity and mortality. Despite that fact that there are always losers in this scenario, social hierarchies are highly pervasive across human cultures (Sidanius & Pratto, 1999) and they appear to emerge naturally in social groups (Anderson, John, Keltner, & Kring, 2001; Berger, Rosenholtz, & Zelditch, 1980; Chase, Tovey, Spangler-Martin, & Manfredonia, 2002; Gould, 2002; Magee & Galinsky, 2008). Further, this group organization is not strictly a product of human cognition, as almost every group-living species demonstrates a natural tendency to organize into a social hierarchy (Sapolsky, 2004; 2005) where the higher-ranking members possess more power, influence, and advantages than the lower-ranking members (Fragale, Overbeck, & Neale, 2011; Mazur, 1985; Zitek & Tiedens, 2012).”—

    ( h/t Bill Joslin )

    Source date (UTC): 2018-09-06 22:06:00 UTC

  • THE PAST CENTURY IN A NUTSHELL The 1920’s were grand because we immigrated vast

    THE PAST CENTURY IN A NUTSHELL

    The 1920’s were grand because we immigrated vast underclasses in the postwar era, and used fiat money to give them credit. We transferred world financial control from London to New York.

    The 30’s were terrible because of the crash produced by our experiment with immigration, fiat money, and absorbing vast underclasses no longer able to find work. Worse, the mechanization of farming was complete meaning that while the majority of the work force had been engaged in domestic service and agrarian production one generation previously, and the combination of immigrants ending of farming as a means of subsistence production.

    The 40’s was odd because we were able to use the war to move displaced farmers and immigrants into relatively low skilled high volume labor. This served as a retraining of those under, laboring, and working classes via apprenticeship (job training).

    The 50s were amazing because the entire industrialized world had committed self destruction, leaving american workers able to charge high prices for mediocre goods produced in volume. The fiat money made it possible.

    the 60’s was the outcome of raising the children of those workers into the middle class rates of consumption.

    The 70s was the reversal of the postwar privilege of the us economy, particularly the oil crisis that ended it.

    The 80’s was the era of using fiat dollars to topple world communism before it could do even more harm, and the equilibration of workers incomes with european civilization.

    The 90’s was the era of the cheap prices on consumer goods due do the end of communism world wide and the entry of billions into the worldwide economy.

    The 2000’s was the period of shock as we politically economically and financially adapted to our declining status.

    The 2010’s are the period of retrenchment as our political, economic, and financial influence in the world wanes and the pre-war- balance of powers is restored.

    PEOPLE THINK POLICY MATTERS. WE ARE FLOATING ON AN OCEAN OF THE WORLD ECONOMY.

    ***IN THE END ONLY DEMOGRAPHICS MATTER.***

    Source date (UTC): 2018-09-06 11:23:00 UTC