/biz/ - Business & Finance

Welcome to the 99.9%
Only satanic rituals will open your eyes to the secrets of the economy

>>49526582
Nobody
Its a meme

>>49526582
No one does OP.

>>49526582
I'm reading this, it's 900 pages long.

>>49526630

>>49526637
Trust me, i enjoyed every single word of criticism against planned economies, the fact that even anti-communists in this site bring them up when faced with "muh great USSR" it's the proof nobody reads books here.

>>49526669
*don't bring them up

Can I get a tl;dr on economy

>>49526669
I do read books mainly on national socialist economics and communist societies in general and I'd say the fact that there are unironic communists around today is a bigger sign nobody reads, including university professors.

>>49526702
>national socialist economics and communist societies in general
Any suggestion? I'm enriching my library.
>around today is a bigger sign nobody reads, including university professors.
Well i'm not an economist, but it makes me cringe when even marxists with PHD in economics come up with arguments such as the supercomputer/AI one, as if you can defeat false information sent by soviet entreprises asking for 200% more material than what is needed and still make everything inefficient as fuck. After all you're just a planner, not a technician.

>>49526582
Read Naked Money and Big Debt Crises.

>>49526690
One man’s credit is another man’s debt.

>>49526582
tl;dr it's the Jews

>>49526726
Hitler's Revolution by Richard Tedor (must be expanded edition, it's really hard to find a PDF of this version specifically so I recommend buying it), excellent book about National Socialist economics (but actual NSDAP policies they put into practice looked at in depth rather than just standard NS economic theory). Very well and thoroughly sourced with lots of pre 1945 sources. I think the word Jew only appears in the book 3 or 4 times and it's not in an accusatory way so it's not an ideologically driven book, it's a genuine honest look at economic and social life in Hitler's Germany, though I would recommend reading Mein Kampf and having at least some understanding of the Jews' role in German economic life pre-1933 before going in. Warning it gets very depressing at the end because it also details Jewish Soviet war crimes against German citizens towards the end / after the war had already finished. Cannot overstate how essential this book is to anyone interested in economic policy.

Definitely read all of Gottfried Feder's work, Manifesto For Breaking the Financial Slavery to Interest is a must read on par with the things generally considered "essential" by most on this board.

The Nazi Economic Recovery 1933 - 1938 by R. J. Overy is also a good one.

If you're interested in the Soviet / Communist side of things I highly recommend The Perestroika Deception by Anatoliy Golitsyn, very very dry, political study that in my opinion is essential to understanding the modern economic environment, though it's not exactly an economics book.

>>49526726
>>49526915

>>49526915
>>49526945
Thank you fren.

HOW THE ECONOMY WORKS

>you have talents and skills and goods you can provide to people
>you want services and goods from other people
>other people have talents skills and goods they can provide to people
>other people want services and goods from you
>when you perform a service for someone else, they are essentially in debt to you and must give you back an equivalent service/good in response
>the barter system is too inefficient (i want things that you don't have, etc)
>they give you money in return which is basically a form of IOU
>the amount of money you receive is proportional to the amount of work you provide
>you can use this IOU and spend the money on anything to receive any good/service you desire
>some things require more IOUs than others (e.g. a house may require tens of thousands of hours to labor to purchase, while a restaurant dinner may only cost 1-2 hours of labor, etc)
>repeat ad infinitum for 8 billion people on this planet

>>49526915
>NS economic theory
There is such a thing ?

>>49527017
Yes. Some people believe that economics should be secondary to the wellbeing of the people. National Socialism is a race / people focused ideology and their economic policies reflect that. NS differs from Fascism in that the people are the highest ideal, and the state, and thus the economy, is only a means to the end of ensuring the happiness of the people. NS economics is a combination of the work of Feder (who wrote his ideas before the NSDAP were formed, they were adopted by Hitler after he saw Feder speak, though (for reasons unknown to me at present) Feder was only placed in a fairly low position in the party), and the German people focused social politics of the NSDAP.

Their economy was much closer to capitalism than people would have you believe, though it was predicated on the fact that Jews had been expelled from all positions of influence in finance and the media, meaning malicious, profit seeking behavior was absent from the German economy, and the public weren't being manipulated psychologically by "Mammonistic" influences into believing they needed to buy a bunch of useless shit they didn't need. I don't recall any commercial business actually being nationalised by the NSDAP, I recall something about the railways being nationalized but I can't say for sure and if I'm remembering right is was because they (correctly) identified them as a military asset rather than public infrastructure. Anyone was free to start a business and profit, but excessive profit at the expense of the people (polluting, pedalling smut etc) was a nono, and rightly.

What's the point of high GDP if your people are miserable? Wealth doesn't exist in the ground, it requires the minds to invent the machinery to extract and produce it, the true wealth of a nation is its people, which is why African nations with huge amounts of natural resources are poor, while smaller nations like Singapore have high standards of living while having basically no natural resources.

>>49527017
>>49527355

>>49527017
>>49527355
>>49527374

>>49526988
>you have talents and skills and goods you can provide to people
Seems i already failed that part

>>49526582
it’s actually pretty simple. when they lower interest rates, banks have more money to lend to speculators, who buy up everything with leveraged loans and make prices go up everywhere.

if they raise interest rates, it will make things like houses cheaper for normal people, but then rich people will lose money on their investments. so they probably wont raise interest rates, but if they do, they will be sure to use your tax money to bail out any business that is "too-big-to-fail".

basically the government/central banks pretend to be retarded so they can make things as hard as possible for regular people at all times, so you’re too preoccupied with money to notice all the great reset stuff they’re doing.

>>49526582
Economy isn't a science, you can't "understand" it, it's a social and political policy, Economy is controlled by people who print and manage money.

>>49526582
That is by design, as modern economies rely on being obtuse to normies to keep the scam going. If you wish to understand how it works look into Austrian Economics. Start with What Government Has Done to Our Money by Rothbard.
>>49526669
It unironically takes a very high IQ to rationalize their failures. It's not so much that they don't read, but rather that they have concrete power incentives to think about how they can salvage a system to extract maximum value rather than questioning it. The NRx guys have best articulated this phenomenon.

>>49526582

>>49526582
'The economy'? Or 'central banking + fiat money + all of monetary policy'? They're different things.

Understanding that you dont understand it is 90% of understanding it.

it's a fugazi it's not fucking real.

>>49526690
People exchange money for goods and services

>>49526582
You are in the right place.

>>49526582
No one does. They simply print more money to keep it afloat.

>>49526582
crypto is a crash course is economy. just study it. i would bet everyone here unironically knows more about economics than 90% of the world population.
you understand burning and minting
you understand inflation and deflation mechanisms
you understand staking and its effects on these mechanisms
you understand fear and greed and the part it plays in price action
you understand euphoria and you (will) understand depression (soon)
you can tell the difference between a poniz scam and actual fundementals
you know the impact of marketing on a product without fundementals and the lack of on a product with fundementals (meme magic)

crypto may not make us rich but it has educated us enough to rebuild the world for the better.

>>49526582
belief that a downturn will happen will cause a downturn

A bunch of money gets printed to prop up the GDP, and it all goes to the same 1,000 people. That's it, very simple.

>>49526582
everyone saying it's a meme
From my understanding it's 50% meme 50% real.
Money = the map
Resources* = the territory
A lot of people mistake the map for the territory (i.e they focus too much on monetary concepts), when really they should be used hand in hand

*Anything we consume that's scarce. Fuel, food, shelter, even time

>>49526582
It's all about the money and the central banks. Just read about these two subjects and you will see that everything else is 100% affected by money. We are being robbed.

>>49526582
The best post here >>49527533

>>49526582
don't worry you're no the only one hence we're at peak clown market with dog coins and monkey jpegs going 100x