Theme: Incentives

  • WHY WILL FIAT CURRENCY ALWAYS EXIST? The truth is that fiat currency is such an

    WHY WILL FIAT CURRENCY ALWAYS EXIST?

    The truth is that fiat currency is such an advantage that a people cannot compete without it.

    Competing currencies and commodities exist but they are not anywhere near as price stabilized as fiat money CAN be.

    So we are always going to have it. Probably digital will replace it and it will have to because the abuse of it has gotten out of hand.

    What real purpose does government debt serve over simply printing money and paying with it?

    You pay the price of interest in order to delay the equlibrial neutrality of money working through the economy.

    In other words, the faster new money moves the faster prices in the existing cycle of production adjust.

    Fast adjustment is bad if it interferes with production ( planning ) cycles.

    So instead we pay interest and sell government debt so that we inflate away the interest at about the same rate that prices adjust in the economy.


    Source date (UTC): 2016-07-21 13:07:00 UTC

  • MUST BE A FULL MOON. (I have a handful of windows open all asking about relation

    MUST BE A FULL MOON.

    (I have a handful of windows open all asking about relationship advice.)

    COST

    Men are emotinally expensive for women, just like women are economically expensive for men.

    CHOICES

    Women are not ‘looser’ than they were in the past, only than in the recent past. What they are is more economically indpendent and men are less valuable to them. Moreover we are now forming relationships largely on shared entertainment interests rather than shared economic necessity. So men are less valuable. So what has occurred is that both sexes are using current economic conditions (that are changing rapidly) to be more selective if they have options, and more impulsive if they don’t.

    JUST NOT THAT INTO YOU

    She’s just not that into you. He’s just not that into you.

    Gender doesn’t matter. It works the same, both ways.

    You can try as hard as you want. But once you figure out that he or she is not as into you as you are into him or her, you’ve found a pretty serious problem.

    Because it will only get worse. Relationships wax and wane. And unless there is enough attraction, the weak parts create easy points of failure. And the person with the lowest interest is the one who will break.

    Both women and men excel at wishful thinking.

    But you can’t wish people to feel other than they do.

    And if you must work hard for their attention, over time, then you will get less and less of it. Not only because they will be less responsive to your desires, but because you will be less willing to work for that attention.

    It is what it is.

    Relationships are only useful for very short romance, or very long security. The middle ground is always disappointing.

    Find someone you want to be with for the long haul.


    Source date (UTC): 2016-07-21 12:37:00 UTC

  • ADHERENCE TO FALSIFIED THEORIES ISN”T DEMONSTRATING INTELLIGENCE – JUST LOSS AVO

    ADHERENCE TO FALSIFIED THEORIES ISN”T DEMONSTRATING INTELLIGENCE – JUST LOSS AVOIDANCE GIVEN ONE’S OVERINVESTMENT IN MALINVESTMENT

    Sure I spent a lot of times at LvMI. But you know, once you know your theory is bullshit it’s time to seek another.

    There is only one source of liberty: the organized application of violence to suppress parasitism by all means in every area of life.

    The organization of acquisition, inventory, transformation, and consumption, the organization of reproduction, the organization of production, distribution and trade, the organization of commons production and the organization of territorial limits.

    It is by the suppression of parasitism that we create the Liberty we seek.


    Source date (UTC): 2016-07-20 14:58:00 UTC

  • BUT I’M PRETTY CERTAIN THIS ISN’T TRUE (a) inflating away productivity gains (b)

    https://next.ft.com/content/54f0f5c6-4d05-11e6-88c5-db83e98a590aSORRY BUT I’M PRETTY CERTAIN THIS ISN’T TRUE

    (a) inflating away productivity gains

    (b) reducing the two parent rate, and therefore household income

    (c) dramatically increasing the size of the underclass

    (d) purchasing ‘invisibles’ (entertainment/info) is majority of spend

    (e) we have a lot of ‘other things’ that we didn’t in the 70’s

    (f) american postwar advantage was squandered by Kennedy/Johnson/Nixon/Carter under the false asumpiton of permanent growth and retention of global competitive abiilty.

    If you were alive and working in 65, 75, 85, 95, 05, 15, it’s pretty clear that the Reagan-ization of financialism gave us a huge boost, allowed us to sink global communism, but it was squandered by the citizenry not used to create competitiveness that would compensate for the financialization.


    Source date (UTC): 2016-07-20 09:33:00 UTC

  • And that most complicated world consists not of steady states,but of supply,dema

    And that most complicated world consists not of steady states,but of supply,demand,rents,and shocks.


    Source date (UTC): 2016-07-19 15:41:00 UTC

    Original post: https://twitter.com/i/web/status/755427224782766081

    Reply addressees: @Wasian_NRx @NSKinsella @jeffreyatucker

    Replying to: https://twitter.com/i/web/status/755424210307145730


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    Original post: https://twitter.com/i/web/status/755424210307145730

  • One cannot fight soldiers with markets:Rock-Paper-Scissors. There is no steady s

    One cannot fight soldiers with markets:Rock-Paper-Scissors. There is no steady state in econ or out.


    Source date (UTC): 2016-07-19 15:38:07 UTC

    Original post: https://twitter.com/i/web/status/755426499470188544

    Reply addressees: @Wasian_NRx @NSKinsella @jeffreyatucker

    Replying to: https://twitter.com/i/web/status/755424210307145730


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  • So taking early initiative or waiting is a question of forecast costs. Communist

    So taking early initiative or waiting is a question of forecast costs. Communist threat was enormous


    Source date (UTC): 2016-07-19 15:32:13 UTC

    Original post: https://twitter.com/i/web/status/755425014770442240

    Reply addressees: @Wasian_NRx @NSKinsella @jeffreyatucker

    Replying to: https://twitter.com/i/web/status/755424210307145730


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    Original post: https://twitter.com/i/web/status/755424210307145730

  • Of course not. Also, w/the asymmetric value of oppy.costs, NOT ACTING in era of

    Of course not. Also, w/the asymmetric value of oppy.costs, NOT ACTING in era of change is expensive.


    Source date (UTC): 2016-07-19 15:31:20 UTC

    Original post: https://twitter.com/i/web/status/755424792942084096

    Reply addressees: @Wasian_NRx @NSKinsella @jeffreyatucker

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    Original post: https://twitter.com/i/web/status/755424210307145730

  • explained as ‘economic’ (acquisitive)

    … explained as ‘economic’ (acquisitive).


    Source date (UTC): 2016-07-19 10:25:00 UTC

    Original post: https://twitter.com/i/web/status/755347703098400768

    Reply addressees: @PolarWashington @excarcini @garrettlgray @Wasian_NRx @DonRadolf @jordanbpeterson

    Replying to: https://twitter.com/i/web/status/755219406980980736


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    Original post: https://twitter.com/i/web/status/755219406980980736

  • THE VIRTUE OF DISORDER Disorder is merely an opportunity to obtain a discount on

    THE VIRTUE OF DISORDER

    Disorder is merely an opportunity to obtain a discount on the high cost of constructing an alternative order.

    Great strategists accumulate resources with which to create and exploit opportunities. Fools rush headlong into battles.


    Source date (UTC): 2016-07-19 03:59:00 UTC