you guys shit on bernie's economic plans
i like bernie but i don't know shit about economics
anyone care to point me to a good book for beginners, or red-pill me in a comment?
google macroeconomics and start reading
i hear wealth of nations is a good one but its also old as fuck
>>71007502
thanks
Remember everything revolves around supply and demand. That is the root of all economics.
I'd recommend the book currency wars by jim rickards. Get it on audible or some other site.
its actually pretty good listen.
Basically:
>Bernie wants to solve all our problems by throwing money at it.
>Donald wants to solve all our problems by throwing money at it, but understands that money doesn't come from the aether and a lot of trade restructuring, government asset selling, and job creation is needed to get that money.
Bernie is actually advocating many good things. He is the trap - the bait.
You will associate all the good he is advocating for, with socialism. Its a trick.
If you want a brute force education in economics, PLEASE READ ZEROHEDGE.
Whenever you stumble across a word you don't know, lok it up on investopedia.
>>71007431
Take basic Econ in college
after Micro and Macro read Thomas Sowell, Walter E Williams, Milton Friedman, Joseph A Schumpeter, and F. A. Hayek.
>Things to avoid like the plague
Paul Krugman
Any Form of Marxist trash
Georgist School
Utopian School
Distributism
>Something to fuck around with but handle with extreme scepticism
Austrian School
Protectionism
Keyensianism
To give you a brief understanding of why socialism doesn't work:
>Supply:
All the shit that is available for purchase. Cars, houses, technology, art.
>Demand:
All the currency in circulation used to purchase the supply/shit.
If there are 100 units of currency trying to purchase 10 units of supply/products/shit, then each unit of shit is worth 10.
If there are 1000 units of currency trying to purchase 10 units of shit, then each unit is worth 100.
The supply of money in circulation is VERY important to the relative cost of everything. If the government (federal reserve) prints currency, it is effectively guarenteeing a future increase in the cost of a unit of shit.
If fed reserve printing is inceasing the cost of units of stuff, it is lowering the purchasing power of each individual dollar.
Do you understand?
Related to above post called why socialism doesn't work:
All that stuff is about money printing and inflation.
It has nothing to do with socialism lol.
SEE HERE FOR WHY SOCIALISM DOESN'T WORK:
http://usdebtclock.org/
FUCK IM POSTING WAY TO MUCH :D
On USDEBTCLOCK.ORG, you will see that our debt is 19 trillion... Income is 3.3 trillion, and spending is 3.8 trillion. average debt per citizen is 200,000 dollars, average savings per family is 8000.
WE ARE BROKE AS A JOKE.
Everyone knows it, the stock market is rigged by money printing, the bond market is in an epic bubble kept alive by money printing...
Only reason why US economy is any good is b/c of the petro dollar accord:
An agreement where opec nations are forced to sell their oil in US dollars. If you are in Japan trading yen, you must sell your yen to buy dollars, so you can buy oil from iran/saudi arabia. etc. This absorbs all the printed money and keeps the dollar strong in purchasing power. If oil is in demand, then dollars used to by it is also in demand.
LESSON ENDED
