Archive for August 6th, 2013

Laffer Drift

One dark and fearsome crag, half-lost among the Himalayan mountain range of uncleared obligations stretched out before this blog, is a promise to devote a post (or several) to Mencius Moldbug’s Neocameral regime model. The opportunity to make a small payment against this debt having arisen, I am eagerly seizing it.

A relatively marginal but consistent feature in Moldbug’s model is the tendency of Neocameral tax rates to approximate to the Laffer maximum. Since Moldbug aims to rationalize the theory of government, under the presumption of its ineliminably self-interested nature, this suggestion scarcely requires an argument (and in fact does not receive one). Government will always tend to maximize its resources, and Arthur Laffer’s graph of optimum revenue-raising tax rates seems to show the way this is done. A Neocameral regime tends the economy of a country exactly as a farmer tends a herd of animals — without ever forgetting that ultimate redemption occurs in the abattoir.

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August 6, 2013admin 31 Comments »
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Quote Notes (#13)

Richard Fernandez on the importance of the Israeli-Palestinian ‘peace process’:

Perhaps the saddest thing about President Obama’s Middle East peace initiative is how tangential it is. R[e]uel Marc Gerecht and Anthony Cordesman examine the upheavals in the region, focusing on Egypt and Syria respectively, without even mentioning Palestine, the jewel in Kerry’s crown. It is as if one were diagnosed with cancer, but the doctors says “I can’t cure the cancer but I can manicure your nails.”

August 6, 2013admin 2 Comments »
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