Curt Doolittle

Theme: Incentives

  • EMOTIONS ARE REACTIONS TO CHANGES IN STATE OF CAPITAL To put a bit finer point o

    EMOTIONS ARE REACTIONS TO CHANGES IN STATE OF CAPITAL

    To put a bit finer point on the argument below, Emotions are reactions to changes in state of “capital” that we either have, or might have: obtaining it, saving it, or holding options on past present and future utility of it. That utility can reduce our physical, intellectual, emotional, reproductive, or time costs. Our “values” influence us in the sense that the value we attribute to any given form of capital varies according to our gender, class, ability, condition, and inventory of existing capital.

    Source date (UTC): 2018-06-22 16:03:00 UTC

  • “So, every penny that goes to an immigrant, five pennies don’t go to the native

    —“So, every penny that goes to an immigrant, five pennies don’t go to the native poor. 1 penny for the immigrant, 4 pennies for the rich. Who should you hate more, someone who stole 4 pennies from you or someone who happened to get one penny?”— a friend False dichotomy. Return the immigrant. Punish the businessperson for hiring him. Let market push up wages due to labor shortages. Redistribute liquidity directly to consumers, bypassing the financial sector and the interest it collects for that distribution. You have to do all of those things to eliminate wage income disparities while at the same time preserving incentives, the ability to organized production, distribution, and trade through the pricing system, and neutralize international differences in purchasing power parity. People in general have zero comprehension of economics.

  • “So, every penny that goes to an immigrant, five pennies don’t go to the native

    —“So, every penny that goes to an immigrant, five pennies don’t go to the native poor. 1 penny for the immigrant, 4 pennies for the rich. Who should you hate more, someone who stole 4 pennies from you or someone who happened to get one penny?”— a friend False dichotomy. Return the immigrant. Punish the businessperson for hiring him. Let market push up wages due to labor shortages. Redistribute liquidity directly to consumers, bypassing the financial sector and the interest it collects for that distribution. You have to do all of those things to eliminate wage income disparities while at the same time preserving incentives, the ability to organized production, distribution, and trade through the pricing system, and neutralize international differences in purchasing power parity. People in general have zero comprehension of economics.

  • CHOICE. SO CHOOSE. We can either put kids to work earlier, and have elderly work

    CHOICE. SO CHOOSE.
    We can either put kids to work earlier, and have elderly work later, and thereby follow the Japanese, or we can turn into South America, the Middle East, and India. Or rather, reverse our conversion into South American, the Middle East, and India.

    Source date (UTC): 2018-06-22 12:08:22 UTC

    Original post: https://twitter.com/i/web/status/1010132382605688833

  • CHOICE. SO CHOOSE. We can either put kids to work earlier, and have elderly work

    CHOICE. SO CHOOSE.

    We can either put kids to work earlier, and have elderly work later, and thereby follow the Japanese, or we can turn into South America, the Middle East, and India. Or rather, reverse our conversion into South American, the Middle East, and India.

    Source date (UTC): 2018-06-22 08:08:00 UTC

  • “So, every penny that goes to an immigrant, five pennies don’t go to the native

    —“So, every penny that goes to an immigrant, five pennies don’t go to the native poor. 1 penny for the immigrant, 4 pennies for the rich. Who should you hate more, someone who stole 4 pennies from you or someone who happened to get one penny?”— a friend

    False dichotomy.

    Return the immigrant.

    Punish the businessperson for hiring him.

    Let market push up wages due to labor shortages.

    Redistribute liquidity directly to consumers, bypassing the financial sector and the interest it collects for that distribution.

    You have to do all of those things to eliminate wage income disparities while at the same time preserving incentives, the ability to organized production, distribution, and trade through the pricing system, and neutralize international differences in purchasing power parity.

    People in general have zero comprehension of economics.

    Source date (UTC): 2018-06-21 22:14:00 UTC

  • Every penny that goes to an immigrant doesn’t go to a the millions of elderly. E

    Every penny that goes to an immigrant doesn’t go to a the millions of elderly. Every job that goes to an immigrant and not to a child, only increases the sense of entitlement.

    Source date (UTC): 2018-06-21 19:21:16 UTC

    Original post: https://twitter.com/i/web/status/1009878939148476416

  • Every penny that goes to an immigrant doesn’t go to a the millions of elderly. E

    Every penny that goes to an immigrant doesn’t go to a the millions of elderly. Every job that goes to an immigrant and not to a child, only increases the sense of entitlement.

    Source date (UTC): 2018-06-21 15:21:00 UTC

  • WHO IF ANY ONE TRACKS THE BOYCOTT LIST? “Add to the boycott list. Starbucks, Tar

    WHO IF ANY ONE TRACKS THE BOYCOTT LIST?

    “Add to the boycott list.
    Starbucks,
    Target,
    Dick’s,
    Delta,
    McDonald’s,
    American”
    (via steve pender)

    Source date (UTC): 2018-06-20 21:27:17 UTC

    Original post: https://twitter.com/i/web/status/1009548263668805632

  • The Problem with The Gold Standard (luddism)

    The problem with gold is (a) there is too little of it, (b) and as such it is too volitile for long term pricing. (c) and it is too open to manipulation. The problem with the fiat money system is only (a) we don’t have enough types of money, (b) we pay interest on borrowing from ourselves to create long term capital (housing, cars, appliances), which makes no damned sense at all, (c) we distribute liquidity through the financial sector and credit rather than just directly to consumers (citizens), and therefore cause the entire economy to reorganize and suffer the shocks, rather than simply having consumers correct the shock by shifting of consumption and debt. Libertarians are pretty much always wrong, because they’re always only half right, and they’re half right not because they’re moral, but because they want to enable private sector rents rather than public sector rents, instead of eliminating rents altogether. No man has any right to appreciation of a currency at the expense of others’ reduction of consumption or production. There is just no way to claim that. But it’s exactly the purpose of (((libertarian))) dogma: restoration of “the rents of the pale.”