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  • idiom's Avatar
    11-12-2018, 06:32 AM
    Within a single state it falls to Entrepreneurs to make bets on their economic calculation skills. However there are nearly 200 nation states in the world. If they are considered to be economically competitive with each other, with significant influence over optimizing their national economies, how should states act to position themselves? Can states effectively perform economic calculation? do they get sufficient market feedback? What should they optimize for? Can States provide their entrepreneurs with better data for economic calculations than other states provide theirs? If it helps you get over moral objections imagine instead of a state, a host super corporation, where everyone who leases or rents space within it is there voluntarily and pays a percentage of their income in membership fees.
    2 replies | 121 view(s)
  • idiom's Avatar
    11-12-2018, 03:04 AM
    Its the risk free rate. People can get higher rates pretty much anywhere else. Only super conservative investors and institutional mandates cause normal people to buy it. Without huge purchasing the rates would drift up, forcing all other rates of return up too. The upshot would is everybody would find it much more expensive to borrow, and the Government couldn't leverage nearly as high. There is a point that would basically force the US to default if rates went super high, or to print which is still a default. For it to become a real problem though you would need to have something safer than US treasuries, with a better return than gold. Such a thing is extremely hard to imagine.
    66 replies | 1807 view(s)
  • idiom's Avatar
    11-10-2018, 01:39 PM
    Ya know, in most of the USA its illegal to set up a hospital with lower prices. You need consent from all the existing hospital owners. In other countries with free market healthcare the costs are 10-20x lower. How is the government protecting healthcare providers margins giving anyone more freedom from disease?
    56 replies | 3426 view(s)
  • idiom's Avatar
    11-10-2018, 01:34 PM
    The primary markets a bit of an anachronism, and a backrub. The secondary market where the spot prices come from is a pretty fluid and open market.
    66 replies | 1807 view(s)
  • idiom's Avatar
    11-09-2018, 07:55 PM
    The US Treasury provides what the market considers the zero risk interest rate. They are bought and sold on the free market, so the price of risk free assets is known. The interest rate actually provided by the government is essentially the lowest bid. Why would you buy debt with a lower return and higher risk? If the government has to raise returns to sell debt, then everyone else has to sell at rate above that, or at a serious discount. The government doesn't force this, the market does. So the overnight rate and the treasury rate are two very different mechanisms. Treasuries are not inflationary and do ot affect the money supply if the debt is being extinguished. this has not been the pattern in the US for some time. People confuse government debt with debt based money, they are separate systems. The government could run quite happily without incurring debt while having a separate debt based money system.
    66 replies | 1807 view(s)
  • idiom's Avatar
    11-08-2018, 06:37 PM
    This is glorious. More of this.
    133 replies | 2443 view(s)
  • idiom's Avatar
    11-07-2018, 04:26 PM
    So start small, with a town, show the theory works, then show it with a state. Then people will take it seriously on a national level.
    133 replies | 2443 view(s)
  • idiom's Avatar
    11-07-2018, 04:13 PM
    Where are all the Libertarian small town mayors? City Councillors? State assembly? Surely it would work on a small scale and where ever those policies were implemented would undergo explosive growth and prosperity that would pull state-wide and then nationwide attention? Or does libertarianism only work when implemented top down in a fantasy dictatorship?
    133 replies | 2443 view(s)
  • idiom's Avatar
    11-04-2018, 04:15 AM
    For the past decade there has been an unholy amount of bad debt floating about. To know if inflation was high or low you would have to know how much of that there was. I don't think even the central banks have any idea what anybody is holding, jsut that its big and bad, and keeping it together is doing really weird things to the economy globally. As a lot of this debt has been rolled over at progressively lower and lower interest rates it becomes near impossible for interest rates to move higher without blowing up a lot of debt that becomes rapidly unserviceable at higher rates. Nothing has gone boom yet, no hyper inflation... so perhaps the giant sucking sound of deflationary bad investments is a lot worse than we presume?
    66 replies | 1807 view(s)
  • idiom's Avatar
    11-01-2018, 05:36 PM
    It occurs to me there is a world of difference between "Make America Great Again" and "Make Americans Great Again"
    4 replies | 318 view(s)
  • idiom's Avatar
    10-27-2018, 02:13 AM
    Also people don't follow panel data over population bracket data. One study showed over 25 years that 30% of people living in the lowest quintile of income in the US moved to the top. Only 1% of people started int eh bottom quintile and stayed there. If the only way to make a profit is to steal it from workers then all wealth accumulation is immoral. If you can make a profit any other legitimate way then the entire worldview falls apart.
    22 replies | 717 view(s)
  • idiom's Avatar
    10-22-2018, 03:40 PM
    Because they are bad at economics, which is why they ignored Deming and why they keep going bankrupt. They are basically marxists.
    94 replies | 1813 view(s)
  • idiom's Avatar
    10-18-2018, 06:25 PM
    If healthcare in the United States was free market you would constantly hear about hospitals making price breakthroughs like they do in India. There heart surgery is down to $800, basically through application of raw capitalism. The OSC mentioned above runs at one tenth the cost of other US hospitals, basically the same rate as other western hospitals.
    11 replies | 388 view(s)
  • idiom's Avatar
    10-17-2018, 10:52 PM
    We are 25% first generation.
    68 replies | 4133 view(s)
  • idiom's Avatar
    10-17-2018, 01:07 AM
    That sounds really really vampirically rapey
    94 replies | 3189 view(s)
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  • idiom's Avatar
    10-16-2018, 06:16 PM
    According to an-caps the socialists would lose. Unless there is already intervention on the side of the socialists by another state? If the socialists are being supported then being against intervention would stop that support. If the an-caps can't win an a stateless civil war then what is the point of their theory? Also what happens when they defeat the tankies with your historically unprecedented covert support and then turn around and fly planes into buildings?
    89 replies | 2301 view(s)
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In New Zealand:
The Coastguard is a Charity
Air Traffic Control is a private company run on user fees
The DMV is a private non-profit
Rescue helicopters and ambulances are operated by charities and are plastered with corporate logos
The agriculture industry has zero subsidies
5% of the national vote, gets you 5 seats in Parliament
A tax return has 4 fields
Business licenses aren't even a thing nor are capital gains taxes
Constitutional right to refuse any type of medical care


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