In simple terms, we are all compensated for our success in outwitting Time. The more of it we outwit the more we save others, the more we are compensated. Unfortunately, the scarcity of the… https://www.facebook.com/permalink.php?story_fbid=302834366980127&id=100017606988153
Source date (UTC): 2018-10-11 16:46:46 UTC
Original post: https://twitter.com/i/web/status/1050427498985598976
In simple terms, we are all compensated for our success in outwitting Time. The more of it we outwit the more we save others, the more we are compensated. Unfortunately, the scarcity of the good and number of people involved in its production, and the number of people who desire it, determines that compensation. Therefore products are more rewarding that services, are more rewarding than information to groups, and the inverse to individuals. This explains the pricing structure.
Source date (UTC): 2018-10-11 12:46:00 UTC
They look a whole lot like borrowing to REPATRIATE jobs, capital, knowledge, spending, influence, and competitiveness, which is quite different from borrowing to increase internal competition, dysgenia, political friction, and external warfare – and end subsidy of globalism v2.
Source date (UTC): 2018-10-10 12:38:28 UTC
Original post: https://twitter.com/i/web/status/1050002624370622464
Reply addressees: @ezraklein
Replying to: https://twitter.com/i/web/status/1049766653825826816
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THE FLIP SIDE OF COLONIALISM
1. Colonialism was a profound if not most profound good since the invention of farming – we dragged mankind out of ignorance, superstition, poverty, disease, hard labor, child mortality, early death, suffering, tyranny, and subjectivity to the vicissitudes of nature – kicking and screaming all the while.
Our failure was only in having the european civil wars and leaving our project incomplete. That failure led to the only significant problem of colonialism: (a) the failure to complete the replacement french despotism with english developmentalism. (b) the absence of the technology of fiat money credit that would have eliminated the need for gold and resource extraction. (c) the collapse left an opening for French Socialism, Jewish Communism, Islamic Fundamentalism. (d) the introduction of medicines and health science without the introduction of eugenics (birth control). (e) the failure of our investments in the third world which generally were too insubstantial to do other than delay or inhibit internal growth of demand.
2. Slavery was universal and whites were more frequently the subject of it (by muslims) than perpetrators of it. Whites are not malaria-immune but many blacks are. Whites have higher (hotter) metabolisms, and blacks don’t. Whites had to be taken from the criminal class. Africans were captured by other africans as prisoners of war in order to attempt to unify west african empires (which would have happened).
This meant that the warm weather colonies most able to produce high value goods (particularly sugar) with Africans, and therefore (a) had more survivors, (b) spread the genres of previously constrained peoples to new territories, (c) forcibly modernized both cultures, civilizations and Genes. And it was not ‘known’ that enslaved primitives were capable of civilized behavior at the time. It was only in the 19th century after the industrial revolution that we found that citizens were more profitable than serfs, were more profitable than slaves.
3. Creating middle classes by resource exploitation, and selling manufactured (value added) goods to developing peoples was the only means possible of dragging the vast body of dirty, ignorant, superstitious, violent, poor, disease ridden, un-domesticated human animals out of of their condition, and reforming their societies incrementally until they themselves could create a middle class civilization capable of self governance without threat to more advanced civilizations.
I don’t ignore anything. I don’t make mistakes. It’s my job to expose and educate the ignorant, unable, sophomoric, and willingly deceptive. lol
Source date (UTC): 2018-10-09 09:31:00 UTC
Neither of the issues Stiglitz mentions will make any difference because the problem we face is (a) human capital is no longer reserve in but underperforming from the third world, (b) we have… https://www.facebook.com/permalink.php?story_fbid=301670553763175&id=100017606988153
Source date (UTC): 2018-10-08 01:12:51 UTC
Original post: https://twitter.com/i/web/status/1049105307056656384
Neither of the issues Stiglitz mentions will make any difference because the problem we face is (a) human capital is no longer in reserve in europe, but underperforming from the third world, (b) we have concentrated all growth in a few immigrant cities that are all on the edge of bankruptcy, and these are so expensive they have become ovary graveyards; and (c) proximity creates hostility because of signaling competition and cannot be fixed. There is no reason that what failed in levantine/semitic civilization will not fail here in western civilization. (d) the reason that we are in decline is reproductive redistribution downward and a continuous drop in human capital because of it, and this is caused by (e) the consumption of all income produced the the addition of women into the workforce by taxation and redistribution to said underclasses, and (f) the financialization of the economy wherein trillions are extracted from working families but not under and upper classes, thereby creating the reproductive redistribution. On top of that (g) unions caused the industrial, technological, and job flight. GM alone is priced out of the market by intergenerational rents that cannot possibly be paid, and should never have been tolerated as a legal obligation.
I can’t even believe he’s dishonest and incompetent enough to even make those two nonsense arguments.
Hence why I write so much about economic pseudoscience, particularly via Krugman, Stiglitz, and DeLong.
I am fairly sure they know what evil they do, and they do it precisely because it is evil.
Source date (UTC): 2018-10-07 21:12:00 UTC
(a) it isn’t desirable. (b) it masks temporarily the decline of human capital by generating consumer demand, (c) it allows us to retire on subsistence incomes, keep children out of the work force, (d) it’ redistributes reproduction to immigrants and the underclass. (e) genocide.
Source date (UTC): 2018-10-04 02:12:41 UTC
Original post: https://twitter.com/i/web/status/1047670813858701312
Reply addressees: @SaltwaterGroyp1
Replying to: https://twitter.com/i/web/status/1047667059956441088
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“The Market for the Production of Goods, Services, and Information”
Regarding The Economy
Whereas; The Economy refers to the results of human cooperation in the production of goods, services, and information, using time, effort and resources. The Discipline of Economics consists in the study of demonstrated human behavior in the pursuit of the means of creating, maintaining, and improving returns on time, effort, and resources. The discipline of Microeconomics consists of the study the behaviour of individuals and organizations, and the making decisions regarding the allocation of scarce resources and the interactions among these individuals and organizations. The Discipline of Macroeconomics consists in the study of the aggregate performance of economic networks of specialization (“sectors”); the interaction between those sectors, and the consequences of the economy as a whole: the consequences of microeconomic action. The discipline of Political Economy consists in the study of demonstrated human behavior, for the purpose of making informed choices, whether personal, familial, organizational, or political, given that the information, causes, and consequences necessary for determining those choices, is beyond individual and organizational perception, by the discovery of categories, means of measurement, and general rules of cooperation, and the norms, traditions, procedures, rules, laws and institutions, that are necessary for establishment, preservation, and improvement of the returns on cooperation; and for doing so across a spectrum of favorable to unfavorable conditions. The Discipline of Economic Policy consists in the study of the means by which the Government, as producer of commons, can use contract, capital, credit, to begin, maintain, or bring to closure, those goods, services, and information that cannot be voluntarily organized by existing incentives extant in the economy independent of government action. We can seek … to produce information that is purely descriptive (rule of law), a means of improving the institutions (infrastructure) improving insurance, a means of improving production (investment), a means of producing human capital, and a means of deception (consumption). We can seek a full accounting or we can engage in the fraud of cherry picking. Spectrum of Action Whereas; Just as we exhibit a spectrum of decidability in jurisprudence, we exhibit a spectrum of decidability in economic policy.[table id=1 /]
Creation of Economies Trade has always existed. Marketplaces require concentration of opportunity, and Commercial Markets require production on Speculation, Money, Prices, Property, Contract, and Standards of Weights and Measure. Economies require military, political, financial, and Economies are created by the use of tradition, norm, law, and force, to incremental suppression of means of parasitism leaving subsistence production and productive cooperation in the markets as the only means of survival. Predatory, Parasitic, Command, property, entrepreneurship The Centralizatoin of people to produce opportunty The centralization of government to suppress local rents and concentrate capital. The Law and The Economies (limit people to markets of voluntary exchange ) The Organization of The Economies Power to law law, pareto to assets, and nash to people Measuement of Economies (capital, balance sheet), income statement. The Spectrum of Economies Whereas; There exist no steady-state economic, political military, and environmental conditions upon which man can depend for consistency. Therefore both his…. political and economic organizations may depend upon a steady state. Whereas;
No it just means that the working and middle class and upper middle class market of voluntarily organized production does not account for the various commons produced by the people who make possible the voluntary organization of production (the market) by NOT engaging in criminal, unethical, immoral, and conspiratorial actions – and paying a high cost of doing so. Nor does the middle class market account for the vast extractions performed by the upper and elite class market which appears almost entirely extractive, and of trivial if any value. The working and laboring classes and the underclass contribute mostly by consuming (creating demand), policing each other, policing the commons, and serving in various hazardous capacities. But this is costly for them. And if they have access to consumption but not access to production then the market is ‘failing’ to pay them for what the market needs of them: behaving in the interest of the market. The same is true for the upper and elite classes most of whom benefit from tax revenues of questionable if not negative value, and the financial classes who benefit from our archaic liquidity distribution system in which they actually provide zero if not negative value.(really). SO that may be a lot to grasp. But the classical liberal economic system – as well as the keynesian and new keynesian, fails to account for externalities paid for by the underclasses, and rents privatized by the upper classes. The point is not so much that we need markets, but that by cherry picking what we measure, we legitimize the positive externalities of the middle class market, but fail to compensate the lower class market, and unjustly compensate the upper class market. So it’s not a matter of different law. It’s a matter of insufficiently accounting for the very different inputs and outputs of the different classes.
Whereas; (possible economies) And Whereas; ( … error of mono-economy … same as error of monopoly house of government … ) Regarding Weights and Measures; Whereas; Regarding Money Whereas; ( … ) Where measurability and decidability in govt AND Whereas; 1. Fiat Currency consists of shares in the future productivity of the economy, owned by the citizenry; 2. Monetary rents are violations of reciprocity (under conditions…) Therefore; 1. right to physical currency 1. No Right to appreciation of currency, can exist. 2. Only profits from the investment in increases in productivity, production, distribution, and trade. 3. Only the Treasury may issue Credit Money, and all issued loans or any facsimile thereof, shall do so only under 100% reserve. Regarding the Treasury ( … ) Regarding Accounting ( … )
Regarding Taxation Whereas; ( … ) (taxes are returns on successful production of the markets for cooperation) (fees are to pay a debt incurred in the production of commons) (burdens are to dissuade consumption or behavior) (all produce demand for currency) Therefore; 1. No taxes, fees, regulations or other encumbrances shall be imposed upon the transfer of assets between members of a family by one generation in any direction. Inheritance taxes in all their forms shall be prohibited. The right to families to accumulate and transfer wealth in all its forms between generations shall not be infringed. 2. Any tax on income directly or indirectly shall be apportioned by population density, with more dense higher, and less dense lower, in accordance with the decrease in opportunity costs as population density increases. The practice of penalizing those who are responsible for greater territorial commons per capita shall be prohibited. 3. Whereas Market Participation is more burdensome than Employment: (a) In compensation for the self sufficiency, overhead, physical risk, and accumulated physical harms, in the conduct of the trades, and so that such men may limit their physical working life before incapacity arrives, all taxes on income up to the median, generated by the men in the physical trades (construction) shall be added to their retirement and health accounts in addition to whatever provisions are provided by Redistributive Benefits. (b) All sole proprietors, with income up to the one and a half times the median, shall receive a twenty percent discount on their income taxes as compensation for their risk and burden. (c) All privately held corporations owned entirely by active principles who have encumbered their personal assets to obtain business credit, shall receive a twenty percent discount on all taxes on income up to two and a half times the median income as compensation for their risk and burden. 4. Taxes or fees on Capital Gains from investment sources other than the sale of a primary residence shall be permitted, but all dividends from stock or equivalent shall be paid either by the individual receiving them, or the corporation issuing them, but not both. (Suggestion to the Governors: Given the behavior of late 20th and 21st C corporation, eliminating taxes on received Dividends is preferable when possible – although discretion necessary given variation in policy.)
Regarding Taxation Whereas; ( … ) Therefore;
1 – End employment taxation on the laboring classes.
2 – End taxation on sole proprietorships of craftsmen and laborers up to the median income.
3 – End consumer interest on capital purchases (appliances good for 10y+, Homes, Condos) for personal use.
4 – End all taxation on home use of data, electricity, and fuel for non-commercial purposes.
5 – End coercive collective bargaining – restore the market for labor, right to work universally.
6 – End all back tax liability and provide a fresh start.
7 – Allow use of paid taxes as an account without concern for rollover or loss.
Regarding Redistribution Whereas; (Dividends, and the incentive to limit the bureaucracy because of dividends) Therefore;
1 – Nationalize Mastercard by purchasing a controlling interest, and issue one card to each citizen over the age of maturity.
2 – Bypass the financial sector when creating liquidity (monetary policy) by direct credit of citizen accounts.
3 – Provide 20% of median income (~12k in current dollars) to all citizens of age of majority, as direct quarterly distribution to said accounts.
4 – These accounts many not be promised or attached in any way for any reason, whatsoever, by any creditor, directly or indirectly as they are for the purpose of insuring the rest of the polity against the poverty of others.Regarding Mandatory Savings Whereas; ( … ) Therefore; 1 – All income deposited in such accounts up to a total of five times the median income shall be tax free. 2 – After the retirement account is five times the median income, deposits are no longer necessary.
Regarding Mandatory Work Whereas; ( … ) Therefore;
1 – No one shall receive Redistributive Benefits without work.
2 – Redistributive Benefits can be lost (denied and permanently denied) by anti-social behavior either by not performing work, performing it consistently poorly, or annoying or creating conflict with coworkers. Policy
1 – Work shall be provisioned primarily to the maintenance and improvement of the commons – from cleaning, to patrolling, to assisting in the orderliness of the people in the commons, to groundskeeping, to maintenance and construction of the physical plant (buildings roads etc).
2 – The people shall find work via technological notification, and application.Regarding CharityPurpose Whereas; The purpose of charity is to provide a market for voluntary insurers of last resort, for that which markets for Private and Common(Public) goods, services, and information, cannot or do not satisfy. Therefore;
Advancement of Condition by Relief of the poor and the distressed. Advancement of Cooperation by Relief of community tension, deterioration and juvenile delinquency. Advancement of the Physical Commons by Construction or maintenance of public territories, monuments, buildings, or works Advancement of Health Research and Care Advancement of the Physical Sciences. Advancement of Education. Advancement of the Fine Arts. 2. Charity shall exclude Advancement and advocacy of Commercial, Political or Religious interests. (Counsel: The three means of coercion may not hide under the pretense of charity.) 3. Corporations may not engage in charitable contributions. ( Counsel: The practice of transferring shareholder assets for non market activity shall be prohibited.) 3. Charity consists and only consists of voluntary transfers; including organizations of volunteers and the collection and concentration of voluntary contributions. If anyone is compensated for volunteer work it is not a charity but a business and shall be treated as such, and as such shall be treated with suspicion. 4. All charities that collect donations, in whatever form by whatever means, and by whatever label, must transfer 90% of donations directly to recipients, and may not involve intermediary or disintermediating individuals or groups. Every single individual in the chain of money regardless of station shall be liable for adherence to this rule. (Counsel: most charities, even the best, are largely scams.)Regarding Domestic Production (practical Autarky) 1. Any work that can be done domestically shall be done domestically, with the sole provision of unbridgeable differences in technical competency. Differences in local prices of labor shall be ameliorated in trade policy. Those industries that require capital investment to produce local returns shall be. the practice of exporting skill and knowledge in exchange for discounted pricing on consumer goods shall be ended. (note: “Yes i am completely aware of these consequences, and i am also completely aware of how successful the french have been with many of the policies i am recommending here and their success at near economic autarky, and conversely how unsuccessful americans and australians have been”.)
“The Market for the Production of Goods, Services, and Information”
Regarding The Economy
Whereas; The Economy refers to the results of human cooperation in the production of goods, services, and information, using time, effort and resources. The Discipline of Economics consists in the study of demonstrated human behavior in the pursuit of the means of creating, maintaining, and improving returns on time, effort, and resources. The discipline of Microeconomics consists of the study the behaviour of individuals and organizations, and the making decisions regarding the allocation of scarce resources and the interactions among these individuals and organizations. The Discipline of Macroeconomics consists in the study of the aggregate performance of economic networks of specialization (“sectors”); the interaction between those sectors, and the consequences of the economy as a whole: the consequences of microeconomic action. The discipline of Political Economy consists in the study of demonstrated human behavior, for the purpose of making informed choices, whether personal, familial, organizational, or political, given that the information, causes, and consequences necessary for determining those choices, is beyond individual and organizational perception, by the discovery of categories, means of measurement, and general rules of cooperation, and the norms, traditions, procedures, rules, laws and institutions, that are necessary for establishment, preservation, and improvement of the returns on cooperation; and for doing so across a spectrum of favorable to unfavorable conditions. The Discipline of Economic Policy consists in the study of the means by which the Government, as producer of commons, can use contract, capital, credit, to begin, maintain, or bring to closure, those goods, services, and information that cannot be voluntarily organized by existing incentives extant in the economy independent of government action. We can seek … to produce information that is purely descriptive (rule of law), a means of improving the institutions (infrastructure) improving insurance, a means of improving production (investment), a means of producing human capital, and a means of deception (consumption). We can seek a full accounting or we can engage in the fraud of cherry picking. Spectrum of Action Whereas; Just as we exhibit a spectrum of decidability in jurisprudence, we exhibit a spectrum of decidability in economic policy.[table id=1 /]
Creation of Economies Trade has always existed. Marketplaces require concentration of opportunity, and Commercial Markets require production on Speculation, Money, Prices, Property, Contract, and Standards of Weights and Measure. Economies require military, political, financial, and Economies are created by the use of tradition, norm, law, and force, to incremental suppression of means of parasitism leaving subsistence production and productive cooperation in the markets as the only means of survival. Predatory, Parasitic, Command, property, entrepreneurship The Centralizatoin of people to produce opportunty The centralization of government to suppress local rents and concentrate capital. The Law and The Economies (limit people to markets of voluntary exchange ) The Organization of The Economies Power to law law, pareto to assets, and nash to people Measuement of Economies (capital, balance sheet), income statement. The Spectrum of Economies Whereas; There exist no steady-state economic, political military, and environmental conditions upon which man can depend for consistency. Therefore both his…. political and economic organizations may depend upon a steady state. Whereas;
No it just means that the working and middle class and upper middle class market of voluntarily organized production does not account for the various commons produced by the people who make possible the voluntary organization of production (the market) by NOT engaging in criminal, unethical, immoral, and conspiratorial actions – and paying a high cost of doing so. Nor does the middle class market account for the vast extractions performed by the upper and elite class market which appears almost entirely extractive, and of trivial if any value. The working and laboring classes and the underclass contribute mostly by consuming (creating demand), policing each other, policing the commons, and serving in various hazardous capacities. But this is costly for them. And if they have access to consumption but not access to production then the market is ‘failing’ to pay them for what the market needs of them: behaving in the interest of the market. The same is true for the upper and elite classes most of whom benefit from tax revenues of questionable if not negative value, and the financial classes who benefit from our archaic liquidity distribution system in which they actually provide zero if not negative value.(really). SO that may be a lot to grasp. But the classical liberal economic system – as well as the keynesian and new keynesian, fails to account for externalities paid for by the underclasses, and rents privatized by the upper classes. The point is not so much that we need markets, but that by cherry picking what we measure, we legitimize the positive externalities of the middle class market, but fail to compensate the lower class market, and unjustly compensate the upper class market. So it’s not a matter of different law. It’s a matter of insufficiently accounting for the very different inputs and outputs of the different classes.
Whereas; (possible economies) And Whereas; ( … error of mono-economy … same as error of monopoly house of government … ) Regarding Weights and Measures; Whereas; Regarding Money Whereas; ( … ) Where measurability and decidability in govt AND Whereas; 1. Fiat Currency consists of shares in the future productivity of the economy, owned by the citizenry; 2. Monetary rents are violations of reciprocity (under conditions…) Therefore; 1. right to physical currency 1. No Right to appreciation of currency, can exist. 2. Only profits from the investment in increases in productivity, production, distribution, and trade. 3. Only the Treasury may issue Credit Money, and all issued loans or any facsimile thereof, shall do so only under 100% reserve. Regarding the Treasury ( … ) Regarding Accounting ( … )
Regarding Taxation Whereas; ( … ) (taxes are returns on successful production of the markets for cooperation) (fees are to pay a debt incurred in the production of commons) (burdens are to dissuade consumption or behavior) (all produce demand for currency) Therefore; 1. No taxes, fees, regulations or other encumbrances shall be imposed upon the transfer of assets between members of a family by one generation in any direction. Inheritance taxes in all their forms shall be prohibited. The right to families to accumulate and transfer wealth in all its forms between generations shall not be infringed. 2. Any tax on income directly or indirectly shall be apportioned by population density, with more dense higher, and less dense lower, in accordance with the decrease in opportunity costs as population density increases. The practice of penalizing those who are responsible for greater territorial commons per capita shall be prohibited. 3. Whereas Market Participation is more burdensome than Employment: (a) In compensation for the self sufficiency, overhead, physical risk, and accumulated physical harms, in the conduct of the trades, and so that such men may limit their physical working life before incapacity arrives, all taxes on income up to the median, generated by the men in the physical trades (construction) shall be added to their retirement and health accounts in addition to whatever provisions are provided by Redistributive Benefits. (b) All sole proprietors, with income up to the one and a half times the median, shall receive a twenty percent discount on their income taxes as compensation for their risk and burden. (c) All privately held corporations owned entirely by active principles who have encumbered their personal assets to obtain business credit, shall receive a twenty percent discount on all taxes on income up to two and a half times the median income as compensation for their risk and burden. 4. Taxes or fees on Capital Gains from investment sources other than the sale of a primary residence shall be permitted, but all dividends from stock or equivalent shall be paid either by the individual receiving them, or the corporation issuing them, but not both. (Suggestion to the Governors: Given the behavior of late 20th and 21st C corporation, eliminating taxes on received Dividends is preferable when possible – although discretion necessary given variation in policy.)
Regarding Taxation Whereas; ( … ) Therefore;
1 – End employment taxation on the laboring classes.
2 – End taxation on sole proprietorships of craftsmen and laborers up to the median income.
3 – End consumer interest on capital purchases (appliances good for 10y+, Homes, Condos) for personal use.
4 – End all taxation on home use of data, electricity, and fuel for non-commercial purposes.
5 – End coercive collective bargaining – restore the market for labor, right to work universally.
6 – End all back tax liability and provide a fresh start.
7 – Allow use of paid taxes as an account without concern for rollover or loss.
Regarding Redistribution Whereas; (Dividends, and the incentive to limit the bureaucracy because of dividends) Therefore;
1 – Nationalize Mastercard by purchasing a controlling interest, and issue one card to each citizen over the age of maturity.
2 – Bypass the financial sector when creating liquidity (monetary policy) by direct credit of citizen accounts.
3 – Provide 20% of median income (~12k in current dollars) to all citizens of age of majority, as direct quarterly distribution to said accounts.
4 – These accounts many not be promised or attached in any way for any reason, whatsoever, by any creditor, directly or indirectly as they are for the purpose of insuring the rest of the polity against the poverty of others.Regarding Mandatory Savings Whereas; ( … ) Therefore; 1 – All income deposited in such accounts up to a total of five times the median income shall be tax free. 2 – After the retirement account is five times the median income, deposits are no longer necessary.
Regarding Mandatory Work Whereas; ( … ) Therefore;
1 – No one shall receive Redistributive Benefits without work.
2 – Redistributive Benefits can be lost (denied and permanently denied) by anti-social behavior either by not performing work, performing it consistently poorly, or annoying or creating conflict with coworkers. Policy
1 – Work shall be provisioned primarily to the maintenance and improvement of the commons – from cleaning, to patrolling, to assisting in the orderliness of the people in the commons, to groundskeeping, to maintenance and construction of the physical plant (buildings roads etc).
2 – The people shall find work via technological notification, and application.Regarding CharityPurpose Whereas; The purpose of charity is to provide a market for voluntary insurers of last resort, for that which markets for Private and Common(Public) goods, services, and information, cannot or do not satisfy. Therefore;
Advancement of Condition by Relief of the poor and the distressed. Advancement of Cooperation by Relief of community tension, deterioration and juvenile delinquency. Advancement of the Physical Commons by Construction or maintenance of public territories, monuments, buildings, or works Advancement of Health Research and Care Advancement of the Physical Sciences. Advancement of Education. Advancement of the Fine Arts. 2. Charity shall exclude Advancement and advocacy of Commercial, Political or Religious interests. (Counsel: The three means of coercion may not hide under the pretense of charity.) 3. Corporations may not engage in charitable contributions. ( Counsel: The practice of transferring shareholder assets for non market activity shall be prohibited.) 3. Charity consists and only consists of voluntary transfers; including organizations of volunteers and the collection and concentration of voluntary contributions. If anyone is compensated for volunteer work it is not a charity but a business and shall be treated as such, and as such shall be treated with suspicion. 4. All charities that collect donations, in whatever form by whatever means, and by whatever label, must transfer 90% of donations directly to recipients, and may not involve intermediary or disintermediating individuals or groups. Every single individual in the chain of money regardless of station shall be liable for adherence to this rule. (Counsel: most charities, even the best, are largely scams.)Regarding Domestic Production (practical Autarky) 1. Any work that can be done domestically shall be done domestically, with the sole provision of unbridgeable differences in technical competency. Differences in local prices of labor shall be ameliorated in trade policy. Those industries that require capital investment to produce local returns shall be. the practice of exporting skill and knowledge in exchange for discounted pricing on consumer goods shall be ended. (note: “Yes i am completely aware of these consequences, and i am also completely aware of how successful the french have been with many of the policies i am recommending here and their success at near economic autarky, and conversely how unsuccessful americans and australians have been”.)
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 16:56:10 UTC
Original post: https://twitter.com/i/web/status/1044994047276986368