Tag Archives: Money/Economy/Taxes

Law Without the State by David Friedman

I’ve slowly drifted away from the Mises Institue’s apriorism and toward the consequentialist arguments of David Friedman.

This is a great lecture, though I think he errs (or perhaps a little loose with metaphors) in his appeal to nature early on. It’s so riddled with exceptions and qualifications, that they exceptions can easily be the rule.

Greeks have the most job security in the Euro Zone

The average Greek was in 2013 in their job longer than any other average Eurozone worker: 14.1 years, according to OECD data. There were two other countries with high duration, 13.6 years in Portugal and 13.4 years in Italy. In Germany (11.3) or in the Netherlands (10.9) the duration is much lower and in the Baltic states of Lithuania, Latvia and Estonia it is considerably lower (8.4 years on average).

en.irefeurope.org/Greeks-have-the-safest-jobs-in-the-euro-area,a1049

America’s First Great Depression: Economic Crisis and Political Disorder after the Panic of 1837

“Earlier than many other states, Pennsylvania tried to raise taxes to cover its mounting interest costs. By 1842, total tax revenue was almost twice what it had been in 1835, but this was still far too little to restore the state’s finances. The state also resorted to other tactics to avoid collapse. In April 1840, legislators compelled banks with state charters to lend three million dollars to cover the state’s deficit, but the banks themselves were near collapse. A year later, the state treasury began paying many of its creditors with small denomination relief notes, which were often returned to the state for payment of taxes and did little to improve its ability to pay overseas lenders.

“By the end of 1841 the state was desperate. Philadelphia merchant Sidney Fisher wrote in his diary in early December that ‘the doctrine of repudiating state debts is spreading rapidly, is spoken of openly and boldly defended by many presses and leading politicians.’ A public meeting at the Philadelphia courthouse later that month passed resolutions denying that Pennsylvanians were under any ‘moral, legal or political obligation’ to repay the ‘so-called state debt.’ In early 1842, the state met interest payments by scavenging from the assets of the Bank of the United States, which had collapsed in January. By August 1842, the treasury had nothing but its own relief notes, and Pennsylvania finally defaulted. ‘The substance of our State is swallowed up,’ wrote a correspondent to the local newspaper in Smethport, Pennsylvania, ‘and repudiation stares us in the face.’ …

www.amazon.com/Americas-First-Great-Depression-Political/dp/0801450330/ref=sr_1_1?s=books&ie=UTF8&qid=1381513393&sr=1-1&keywords=america%27s+first+great+depression

The church of Egalitarianism is becoming militant.

Insanity.

The tactics of non-producers: Stalking engineers. Smashing a window on a Google bus.

The only way to achieve equality is to destroy success. The church of Egalitarianism is becoming militant. They physically threaten the few people who are actually producing things.

The church’s philosophy can be summed up as: “give me more free shit!”

Everyone should move to Ukraine where people are grateful for economic opportunities.

www.nytimes.com/2014/02/01/technology/tech-rides-are-focus-of-hostility-in-bay-area.html?hpw&rref=technology&_r=0