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  • interest rates « Liam McHugh-Russell
    liquidity is abundant this coordination function is evidently obsolete and can no longer be a source of authority or material rewards Back in 2007 Cory Doctorow wrote a short story whose basic conceit was a future in which capital liquid capital had truly become obsolete especially relative to the available human ingenuity inventiveness and the capacity to make stuff sigh yes yes i e human capital Low interest rates is one way to make that world happen Its easy for egalitarian leftists to get excited about this prospect Real interest rates that stay consistently below even very low economic growth rates would mean the refutation of Piketty s grim prophecies The idea of monocled top hatted plutocrats getting crushed under the wheels of history offers the schadenfreude of class enemies losing with the added zest of partially confirming certain strains of Marxist historicism in form if not in function The defeat of the capitalists however doesn t mean permanent victory for humanity or the working class or the multitude or whatever your favourite representative of eschatological emancipation happens to be There s no reason to believe in a world of low returns on cash that there won t be political efforts to hoard the relatively scarce resources that were the source of wealth in Doctorow s world education skills networks the preternatural ability to interact with robots If the last 5000 years are any indication there are likely to be intellectual movements to justify limited access to the new sources of wealth as well The end of capitalists may mean the end of capitalism as we know it but it won t be the end of politics July 8th 2014 Tags capitalists Cory Doctorow economics historical materialism interest rates JW Mason the end of politics Category economics politics Leave a

    Original URL path: http://Mchugh-Russell.ca/tag/interest-rates/ (2016-05-01)
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  • JW Mason « Liam McHugh-Russell
    liquidity is abundant this coordination function is evidently obsolete and can no longer be a source of authority or material rewards Back in 2007 Cory Doctorow wrote a short story whose basic conceit was a future in which capital liquid capital had truly become obsolete especially relative to the available human ingenuity inventiveness and the capacity to make stuff sigh yes yes i e human capital Low interest rates is one way to make that world happen Its easy for egalitarian leftists to get excited about this prospect Real interest rates that stay consistently below even very low economic growth rates would mean the refutation of Piketty s grim prophecies The idea of monocled top hatted plutocrats getting crushed under the wheels of history offers the schadenfreude of class enemies losing with the added zest of partially confirming certain strains of Marxist historicism in form if not in function The defeat of the capitalists however doesn t mean permanent victory for humanity or the working class or the multitude or whatever your favourite representative of eschatological emancipation happens to be There s no reason to believe in a world of low returns on cash that there won t be political efforts to hoard the relatively scarce resources that were the source of wealth in Doctorow s world education skills networks the preternatural ability to interact with robots If the last 5000 years are any indication there are likely to be intellectual movements to justify limited access to the new sources of wealth as well The end of capitalists may mean the end of capitalism as we know it but it won t be the end of politics July 8th 2014 Tags capitalists Cory Doctorow economics historical materialism interest rates JW Mason the end of politics Category economics politics Leave a

    Original URL path: http://Mchugh-Russell.ca/tag/jw-mason/ (2016-05-01)
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  • the end of politics « Liam McHugh-Russell
    liquidity is abundant this coordination function is evidently obsolete and can no longer be a source of authority or material rewards Back in 2007 Cory Doctorow wrote a short story whose basic conceit was a future in which capital liquid capital had truly become obsolete especially relative to the available human ingenuity inventiveness and the capacity to make stuff sigh yes yes i e human capital Low interest rates is one way to make that world happen Its easy for egalitarian leftists to get excited about this prospect Real interest rates that stay consistently below even very low economic growth rates would mean the refutation of Piketty s grim prophecies The idea of monocled top hatted plutocrats getting crushed under the wheels of history offers the schadenfreude of class enemies losing with the added zest of partially confirming certain strains of Marxist historicism in form if not in function The defeat of the capitalists however doesn t mean permanent victory for humanity or the working class or the multitude or whatever your favourite representative of eschatological emancipation happens to be There s no reason to believe in a world of low returns on cash that there won t be political efforts to hoard the relatively scarce resources that were the source of wealth in Doctorow s world education skills networks the preternatural ability to interact with robots If the last 5000 years are any indication there are likely to be intellectual movements to justify limited access to the new sources of wealth as well The end of capitalists may mean the end of capitalism as we know it but it won t be the end of politics July 8th 2014 Tags capitalists Cory Doctorow economics historical materialism interest rates JW Mason the end of politics Category economics politics Leave a

    Original URL path: http://Mchugh-Russell.ca/tag/the-end-of-politics/ (2016-05-01)
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  • Smarter ducks « Liam McHugh-Russell
    doesn t seem to be a very pleasant place to live The people are poor and have little freedom Heritage says that persistent institutional weaknesses impede creation of a more vibrant private sector and the rule of law is weak This sounds suspiciously as if government is too small to do its job properly But I m sure that the citizens of Equatorial Guinea don t mind having a dysfunctional government after all they re lucky duckies Perhaps the most interesting part of this short piece one of the clearest quickest arguments for the idea that working markets requires a strong effective government is that it comes from Bruce Bartlett a former policy advisor to Reagan Bush Sr and Ron Paul It demonstrates that even someone who has worked with a headstrong libertarian type sees the need for effective government presence in any good society The conclusion of his article demonstrates another point however Bartlett believes that high taxes and low regulation like Denmark are preferable to lower taxes and less business freedom So it s worth keeping mind that even convincing people that government is important and necessary to a functioning economy doesn t mean they ll be convinced that it should be on the side of a functioning society Still if you can lead a duck to water October 4th 2011 Tags Bruce Bartlett economics economix government markets New York Times regulation taxes Category politics US Leave a Reply Cancel reply Name required Email will not be published required Website You can use these HTML tags a href title abbr title acronym title b blockquote cite cite code del datetime em i q cite s strike strong Find Read This apophenia Epicurean Dealmaker Freddie de Boer interfluidity JW Mason Lazenby n 1 Three Toed Sloth Recent Posts Brats

    Original URL path: http://Mchugh-Russell.ca/2011/10/04/smarter-ducks/ (2016-05-01)
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  • economix « Liam McHugh-Russell
    States is 26 9 percent of G D P according to Heritage However Equatorial Guinea doesn t seem to be a very pleasant place to live The people are poor and have little freedom Heritage says that persistent institutional weaknesses impede creation of a more vibrant private sector and the rule of law is weak This sounds suspiciously as if government is too small to do its job properly But I m sure that the citizens of Equatorial Guinea don t mind having a dysfunctional government after all they re lucky duckies Perhaps the most interesting part of this short piece one of the clearest quickest arguments for the idea that working markets requires a strong effective government is that it comes from Bruce Bartlett a former policy advisor to Reagan Bush Sr and Ron Paul It demonstrates that even someone who has worked with a headstrong libertarian type sees the need for effective government presence in any good society The conclusion of his article demonstrates another point however Bartlett believes that high taxes and low regulation like Denmark are preferable to lower taxes and less business freedom So it s worth keeping mind that even convincing people that government is important and necessary to a functioning economy doesn t mean they ll be convinced that it should be on the side of a functioning society Still if you can lead a duck to water October 4th 2011 Tags Bruce Bartlett economics economix government markets New York Times regulation taxes Category politics US Leave a comment Find Read This apophenia Epicurean Dealmaker Freddie de Boer interfluidity JW Mason Lazenby n 1 Three Toed Sloth Recent Posts Brats Neoliberalism in One Image Rule Thyself What we think they should want Annihilation Tags academia Alan Johnson America andrew schank anthropology art authoritarianmism

    Original URL path: http://Mchugh-Russell.ca/tag/economix/ (2016-05-01)
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  • government « Liam McHugh-Russell
    States is 26 9 percent of G D P according to Heritage However Equatorial Guinea doesn t seem to be a very pleasant place to live The people are poor and have little freedom Heritage says that persistent institutional weaknesses impede creation of a more vibrant private sector and the rule of law is weak This sounds suspiciously as if government is too small to do its job properly But I m sure that the citizens of Equatorial Guinea don t mind having a dysfunctional government after all they re lucky duckies Perhaps the most interesting part of this short piece one of the clearest quickest arguments for the idea that working markets requires a strong effective government is that it comes from Bruce Bartlett a former policy advisor to Reagan Bush Sr and Ron Paul It demonstrates that even someone who has worked with a headstrong libertarian type sees the need for effective government presence in any good society The conclusion of his article demonstrates another point however Bartlett believes that high taxes and low regulation like Denmark are preferable to lower taxes and less business freedom So it s worth keeping mind that even convincing people that government is important and necessary to a functioning economy doesn t mean they ll be convinced that it should be on the side of a functioning society Still if you can lead a duck to water October 4th 2011 Tags Bruce Bartlett economics economix government markets New York Times regulation taxes Category politics US Leave a comment Find Read This apophenia Epicurean Dealmaker Freddie de Boer interfluidity JW Mason Lazenby n 1 Three Toed Sloth Recent Posts Brats Neoliberalism in One Image Rule Thyself What we think they should want Annihilation Tags academia Alan Johnson America andrew schank anthropology art authoritarianmism

    Original URL path: http://Mchugh-Russell.ca/tag/government/ (2016-05-01)
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  • markets « Liam McHugh-Russell
    States is 26 9 percent of G D P according to Heritage However Equatorial Guinea doesn t seem to be a very pleasant place to live The people are poor and have little freedom Heritage says that persistent institutional weaknesses impede creation of a more vibrant private sector and the rule of law is weak This sounds suspiciously as if government is too small to do its job properly But I m sure that the citizens of Equatorial Guinea don t mind having a dysfunctional government after all they re lucky duckies Perhaps the most interesting part of this short piece one of the clearest quickest arguments for the idea that working markets requires a strong effective government is that it comes from Bruce Bartlett a former policy advisor to Reagan Bush Sr and Ron Paul It demonstrates that even someone who has worked with a headstrong libertarian type sees the need for effective government presence in any good society The conclusion of his article demonstrates another point however Bartlett believes that high taxes and low regulation like Denmark are preferable to lower taxes and less business freedom So it s worth keeping mind that even convincing people that government is important and necessary to a functioning economy doesn t mean they ll be convinced that it should be on the side of a functioning society Still if you can lead a duck to water October 4th 2011 Tags Bruce Bartlett economics economix government markets New York Times regulation taxes Category politics US Leave a comment Find Read This apophenia Epicurean Dealmaker Freddie de Boer interfluidity JW Mason Lazenby n 1 Three Toed Sloth Recent Posts Brats Neoliberalism in One Image Rule Thyself What we think they should want Annihilation Tags academia Alan Johnson America andrew schank anthropology art authoritarianmism

    Original URL path: http://Mchugh-Russell.ca/tag/markets/ (2016-05-01)
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  • regulation « Liam McHugh-Russell
    States is 26 9 percent of G D P according to Heritage However Equatorial Guinea doesn t seem to be a very pleasant place to live The people are poor and have little freedom Heritage says that persistent institutional weaknesses impede creation of a more vibrant private sector and the rule of law is weak This sounds suspiciously as if government is too small to do its job properly But I m sure that the citizens of Equatorial Guinea don t mind having a dysfunctional government after all they re lucky duckies Perhaps the most interesting part of this short piece one of the clearest quickest arguments for the idea that working markets requires a strong effective government is that it comes from Bruce Bartlett a former policy advisor to Reagan Bush Sr and Ron Paul It demonstrates that even someone who has worked with a headstrong libertarian type sees the need for effective government presence in any good society The conclusion of his article demonstrates another point however Bartlett believes that high taxes and low regulation like Denmark are preferable to lower taxes and less business freedom So it s worth keeping mind that even convincing people that government is important and necessary to a functioning economy doesn t mean they ll be convinced that it should be on the side of a functioning society Still if you can lead a duck to water October 4th 2011 Tags Bruce Bartlett economics economix government markets New York Times regulation taxes Category politics US Leave a comment Find Read This apophenia Epicurean Dealmaker Freddie de Boer interfluidity JW Mason Lazenby n 1 Three Toed Sloth Recent Posts Brats Neoliberalism in One Image Rule Thyself What we think they should want Annihilation Tags academia Alan Johnson America andrew schank anthropology art authoritarianmism

    Original URL path: http://Mchugh-Russell.ca/tag/regulation/ (2016-05-01)
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