Theme: Incentives

  • Of course. That doesn’t change the economic relations. Look at the trade between

    Of course. That doesn’t change the economic relations. Look at the trade between the countries in the central sphere and it dwarfs all other trade with germany.


    Source date (UTC): 2023-04-02 14:16:39 UTC

    Original post: https://twitter.com/i/web/status/1642531492038422529

    Reply addressees: @vonGuda

    Replying to: https://twitter.com/i/web/status/1642530774703276032

  • AFAIK, most people prefer serfdom. (a) they want to do assigned work (b) they wa

    AFAIK, most people prefer serfdom.
    (a) they want to do assigned work
    (b) they want basic needs taken car of.
    (c) they want a little surplus income to spend on entertainment, socializing, and signaling.
    This is why the ‘monopoly’ economy model fails.
    We need three models:…


    Source date (UTC): 2023-03-31 18:09:49 UTC

    Original post: https://twitter.com/i/web/status/1641865394817228819

    Replying to: https://twitter.com/i/web/status/1641863029095555078

  • omg that hurts…. So, “If there is an incentive to lie, the result is always ly

    omg that hurts….
    So, “If there is an incentive to lie, the result is always lying.”

    IS that what you’re saying?


    Source date (UTC): 2023-03-31 16:43:58 UTC

    Original post: https://twitter.com/i/web/status/1641843791584796673

    Reply addressees: @TheAutistocrat

    Replying to: https://twitter.com/i/web/status/1641839641744506886

  • Thoughts: They reacted quickly enough to stop a contagion spiral. As a general r

    Thoughts: They reacted quickly enough to stop a contagion spiral. As a general rule, the rate of correction equals the harms of correction – because humans adapt poorly fast, adapt well relatively slowly, and rely largely on social proof as urgency of risk increases. If the levers of power can dissipate the rate of the necessary correction then we will see consolidation rather than collapses. But I don’t have much faith in them, mostly because the problem is so large, and the possibility of various ‘runs’ on all sorts of assets – even runs on the belief in teh future, are possible. And we are in very stormy global waters. Near term risks are continued gradual stagnation, continued shift in world capital combined with demographic reduction of investment capital, possible wars that will heavily disrupt trade, ecnomies and employement, and possible internal american political confict which is vastly under-weighted outside of the states.

    Reply addressees: @VelenskiMeir


    Source date (UTC): 2023-03-31 16:05:08 UTC

    Original post: https://twitter.com/i/web/status/1641834016935407617

    Replying to: https://twitter.com/i/web/status/1641800393192624128

  • Thoughts: They reacted quickly enough to stop a contagion spiral. As a general r

    Thoughts: They reacted quickly enough to stop a contagion spiral. As a general rule, the rate of correction equals the harms of correction – because humans adapt poorly fast, adapt well relatively slowly, and rely largely on social proof as urgency of risk increases. If the levers of power can dissipate the rate of the necessary correction then we will see consolidation rather than collapses. But I don’t have much faith in them, mostly because the problem is so large, and the possibility of various ‘runs’ on all sorts of assets – even runs on the belief in teh future, are possible. And we are in very stormy global waters. Near term risks are continued gradual stagnation, continued shift in world capital combined with demographic reduction of investment capital, possible wars that will heavily disrupt trade, ecnomies and employement, and possible internal american political confict which is vastly under-weighted outside of the states.


    Source date (UTC): 2023-03-31 16:05:08 UTC

    Original post: https://twitter.com/i/web/status/1641834017044455425

    Replying to: https://twitter.com/i/web/status/1641800393192624128

  • GREAT HEADLINE –“Goldman Sachs: Confidence in banks has been lost because of pl

    GREAT HEADLINE

    –“Goldman Sachs: Confidence in banks has been lost because of plumbing issues”–

    True. Anything driven by banks parking cash in fed bond prices is nonsense.

    The response rate of world governments since 2001, and much more so since 2008, has done a great job of preventing spirals. The world’s financial problems are substantial and will need to correct, especially if we see continued reduction of world patterns of transport and trade, as we continue to transform from USA-created world trade, back to ’empire networks’ of trade. And worse, as we see economic contraction impossible to pay down unfunded liabilities, combined with the declines(collapses) of population in the developed countries. There is a lovely perfect storm, that those of us who are contrarians (we predict where market cycles should collapse) have been consious of since as early as 92, but certainly by 04. And without either the USA figuring out how to tax the world to continue policing the seas, and ending the expnasionary ambitions of the three ‘evil empires’ remaining (russia, iran, china), its very difficult to see a world order that looks like the 20th instead of the 18th.


    Source date (UTC): 2023-03-31 01:55:11 UTC

    Original post: https://twitter.com/i/web/status/1641620123105517568

  • GREAT HEADLINE –“Goldman Sachs: Confidence in banks has been lost because of pl

    GREAT HEADLINE

    –“Goldman Sachs: Confidence in banks has been lost because of plumbing issues”–

    True. Anything driven by banks parking cash in fed bond prices is nonsense.

    The response rate of world governments since 2001, and much more so since 2008, has done a great job of preventing spirals. The world’s financial problems are substantial and will need to correct, especially if we see continued reduction of world patterns of transport and trade, as we continue to transform from USA-created world trade, back to ’empire networks’ of trade. And worse, as we see economic contraction impossible to pay down unfunded liabilities, combined with the declines(collapses) of population in the developed countries. There is a lovely perfect storm, that those of us who are contrarians (we predict where market cycles should collapse) have been consious of since as early as 92, but certainly by 04. And without either the USA figuring out how to tax the world to continue policing the seas, and ending the expnasionary ambitions of the three ‘evil empires’ remaining (russia, iran, china), its very difficult to see a world order that looks like the 20th instead of the 18th.


    Source date (UTC): 2023-03-31 01:55:11 UTC

    Original post: https://twitter.com/i/web/status/1641620123239739392

  • Do you ceate content for free? Or do you obtain something in exchange already? B

    Do you ceate content for free? Or do you obtain something in exchange already? Because if you didn’t, you wouldn’t do it.

    You, me, everyone, obtains a distribution network, which benefits us or we wouldn’t use it. The vast majority of people only consume our content. Advertisers…


    Source date (UTC): 2023-03-29 14:16:42 UTC

    Original post: https://twitter.com/i/web/status/1641081952672333827

    Reply addressees: @espiers

    Replying to: https://twitter.com/i/web/status/1641035794239434752

  • Do you ceate content for free? Or do you obtain something in exchange already? B

    Do you ceate content for free? Or do you obtain something in exchange already? Because if you didn’t, you wouldn’t do it.

    You, me, everyone, obtains a distribution network, which benefits us or we wouldn’t use it. The vast majority of people only consume our content. Advertisers pay for the network to reach those who largely, only consume content. But the advertisers vs the expenses have meant Twitter has wobbled on the border of bankruptcy – and still might have to declare bankruptcy in order to recover. So why as producers of content that is clearly in our self interest or we wouldn’t produce it, shouldn’t we pay (a trivial amount) for access to priority in distribution by that service like we do in all other advertising media? Because, you are, I am, advertisers as well.


    Source date (UTC): 2023-03-29 14:16:41 UTC

    Original post: https://twitter.com/i/web/status/1641081952559157248

  • Yes, of course that’s the answer. πŸ˜‰ (Though, Ending Savings, Social Security, T

    Yes, of course that’s the answer. πŸ˜‰
    (Though, Ending Savings, Social Security, The mass production of ‘gut course’ Girl-Degrees, The anti-male/marriage feminist movement, the degree as an Indulgence buying access to the (white collar) workforce, the offshoring of skilled labor, combined with high immigration, and resulting Delayed Childbirth, has an affect also.)
    But lets compare the Lament vs the Explanation. What does the lament account for that the Explanation does not?
    In other words the question was a rhetorical device: a lament.
    But then, you knew that. πŸ˜‰

    PS: Would you expect an anti-marx to write with more brevity than marx? πŸ˜‰

    Thanks for all you do for all of us with your work. πŸ˜‰
    You’re a once in a generation thinker who has just begun his contribution. And we are lucky to have you.


    Source date (UTC): 2023-03-28 23:59:59 UTC

    Original post: https://twitter.com/i/web/status/1640866353404944384

    Replying to: https://twitter.com/i/web/status/1640846562703343616