Costs and Priorities

Are Interest Rates Determined by Time Preference?

Time preference is your desire to sacrifice money now, for more in the future, or vice versa. Presumably, this determines interest rates— some people…

Better Accounting: Ending the Cycles of Abuse

Politics and Finance fuel destructive cycles using Outrage, Greed, Inappropriate Privilege, and Domination.

Constraints and Objectives: Complementary Aspects Of Choice

Constraints and objectives are the two complementary aspects of choice rationalization.

Political Entities Assign Jobs and Ration Resources

Whenever you hear a politician say they are going to make jobs, there’s an implicit misconception, that inscrutable financial wizardy is involved.

Trickle Down Doesn’t Work. Neither Does Clawback.

Note: I decided to publish this anyway, it presents the connection between taxes, resource bottlenecks, and blocked resources.

Trickle Down

Accounting is fun

I was writing a post on “trickle down” and “clawback”. I avoid spending time thinking about cartoonish ideas that grossly misrepresent the way the world works, so I’ve decided to abandon that post. No need to spend time on wrong ideas when you can simply state correct ideas.