Elon musk tweeted out the kino milton friedman pencil video that illustrates why free trade is so important

Elon and Tesla are fucked. First he alienated the entire left, now the right are going to turn on him as well.

I think a bunch of delusional muricans genuinely believe Trump when he promised them tariffs will replace income tax and the whole planet will send gibs

You are making shit up anon. Read pic related for a deep dive on the Nazi economy. Their growth was based on debt ponzi scheme (MEFO bills) and the whole thing was unravelling which is why they went to war.

Autarky also failed on other fascist-inspired countries like Portugal (poorest yuro country this side of the Iron Curtain), Spain (stagnant economy and poor as fuck until Franco switched to free trade in the 1960s, because to Franco's credit he was pragmatic if anything), and Argentina (where Peron took over one of the wealthiest countries on Earth and isolated it from the world economy and set it on a path of stagnation and crisis).

some of them are quite obviously spilled over pol tourists. recording a large influx of financial nihilism over the past 3 days. they read that markets are crashing and libs angry and figured out that there is a finance board

reee nazi crypto reeeeee

sorry now u will be stuck with 5 billion commies out there

debt ponzi

Why do idiots think they're smart when they say things like this?

Being as stupid as this poster almost seems like a blessing

Your English is awful, I don't even understand this post.

How would you describe the MEFO bill scheme? They couldn't pay them without printing massive amounts of money.

They couldn't pay them without printing massive amounts of money.

Yeah, and? The entire point was that they wanted to print massive amounts of money but doing so through the typical channels was not feasible because of restrictions placed on the Reichsbank.

rootless cosmopolitan alert

Based, neoliberal chads now is our time! There are cans to be kicked and Elon wants to kick them to delay collapse!

scathing

it just werks ;)

MEFO bills were not money, they were debt, whose maturity was extended from 6 months initially to five years in 1939... there were investors behind them who never got paid because of the war.

No war = Eventually there would be economic disruption as those investors would have to get paid by money printing (insane inflation) or get shat on (financial crisis)

What are you doing on the rootless cosmopolitan board? Go farm mushrooms or something.

Because I am not in favour of other people getting rich, if it means my country suffers. I want to get rich whilst every other country goes bankrupt and their people starve. Is that ok with you?

Other countries going bankrupt will make your country poorer.

imagine taking tour talking points from antifascist propaganda. Natseesm was mega popular among the people in 1939 because life conditions were unimaginably better than 6 years earlier. And that was done with autarky+barter aka putting (((the middle men))) out of the picture. Simple as.

Replying to them with facts is a waste of time. They're anti-intellectuals and will believe whatever pleases their fee-fees.

ok but every shitcoin is made like this and we're going to pay by wars in iran and taiwan

I want to get rich whilst every other country goes bankrupt

You're about to starve yourself just to force people to pay for your funeral

kys kike
israel will end up swarmed by a commie horde, good riddance

The early years of Nazism (are you a child what's with the spelling?) were bog-standard Keynesian economics no different to what FDR was doing back in the US, but after 1937 the cracks begin to appear which again if you read the book it's all there, it's just a deep dive on those years. Are you scared of books? You can probably pirate it online and learn something.

^ This post for example could not have been written by someone with an IQ higher than 80.

muh MEFO bills and they starved us at auschwitz cry

I have two words for you jew:
DIE NIBELUNGEN

nihilists can't anything
they can only nothing

Tooze grandfather was a literal commie soviet spy pos imagine believing that shite

Here are your hostile foreign powers bro.

We didn't have free trade before the tariffs were in place reddit boy

they didn't even have an official do a spreadsheet for this they just asked chatgpt and the graphic designer went through with the penguin island cause we are all so lobotomized noone is allowed to question the

Autarky

Wealth is relative, having them all impoverished makes me more wealthy in comparison. i am wealthier if I am a big player in a world wide favela than as a upper middle class in a society with billionaires society

tweeted

no no
call it by the newseak name.
xeeted?
xcreted?
xebec'd?
xeroxed!?

....Xi'd.
That's the one.

im ok with everyone becoming peasants as long as I am the only one who owns chickens

MEFO bills were not money, they were debt.

Money is debt. This is basic double entry book keeping. The government creates $100 and spends it into the economy, the government now has a $100 debt. MEFObills were securities a form of securities, bearing interest.

There would be insane inflation in the event of no war

And how do you know it would be "insane"? You're assuming that the amount of goods and services produced would be the same as it was when they were printed. It's just faulty logic all the way around.

Had the restrictions on the Reichsbank not existed, they would have just inflated their currency in the typical way which is what they wanted to do in the first place.

milton friedman is so based. he got me into thinking along the lines of free trade and limited government.

it's also interesting how the midwit friendly guy is also probably the answer. later on I got into austrian economics but I don't think full libertarianism is a better solution than night-watchman state (cool name too).

It's poorfag Anon Babble tourists who have 0 capital and are just shitposting with schadenfreude

yes
That is the nature of wealth and human psychology

I only benefit if I am at comparative advantage. Nature is zero sum.

What's you excuse for not selling everything you own and moving to the Congo? You could buy guns and become a warlord.