Mises published The Theory of Money and Credit in 1912, mapped how credit expansion causes booms and busts, and told you exactly what the Fed would do before the Fed existed. Central banks pump cheap credit, malinvestment spreads across the economy, and then the crash arrives right on schedule. This describes 2008, 2020, and the inflation spike that followed the $4.5 trillion Fed balance sheet explosion.
You live inside a giant real-world test of his predictions.
Sound money advocates spent decades being laughed out of faculty lounges. Then the dollar lost 20% of its purchasing power between 2020 and 2024, and suddenly everyone has a theory. Mises already had the theory, in print, before your grandparents were born.
Ignore price signals long enough, substitute bureaucrat preferences for voluntary exchange, and you get shortages, misallocation, and eventual collapse. The Soviet Union confirmed this. Venezuela confirmed it again. The experiment keeps running; the results keep matching.
One of the worst things about Trump is that he’s ushering in more corporate welfare, cronyism, and socialism while parading it under the banner of capitalism, so we end up with all the failings of those ideologies but with a generation of young people blaming the market economy.
@RonDeSantis Mass deportations, then mass denaturalizations, followed by more mass deportations. Are you on board with this? It's that or lose our nation.
These two images should be iconic. They tell the story. On the left: a young woman, who had been cheerful and happy, apparently on her way to visit a sick friend or relative. On the right: a degenerate black man, angry and volatile, 14 prior arrests, wandering around the streets, rambling nonsensically, violently assaulting any white woman he comes across. The two happen to cross paths and this is the aftermath.
For years now, our laws and institutions have dedicated themselves to protecting, coddling, and indulging the person on the right, often at the immediate expense of the person on the left. It was decided that the person on the right must be free, must be comfortable, must be cared for and fed and clothed, literally no matter what the cost.
A functional society organizes itself the opposite way. The priority is protecting the person on the left — the innocent woman (or child or man). The person on the right — the chronic, degenerate, dysfunctional criminal — is rightly seen as having no value to society, a net negative, and is thrown in a cage forever or simply executed. A functional society gives all the benefit, all the leeway, all the priority, to the person on left. But we don’t live in a functional society anymore.
Every step was designed to inflict maximum harm:
• Splicing HIV into a coronavirus.
• Blocking access to hydroxychloroquine and ivermectin.
• Removing NAC from Amazon and supermarket shelves.
• No early treatment.
• Ventilators that killed 90% of patients.
• Seeding nursing homes with Covid+ patients.
• Blanket Do-Not-Resuscitate orders for the disabled.
• "15 days to flatten the curve" that slowed the rate of natural immunity.
• Closing schools for two years.
• Masks that reduced oxygen.
• Shutting down gyms.
• Keeping liquor stores open.
• Closing hiking trails and parks thus preventing people from getting vitamin D.
• Remdesivir and Paxlovid that are expensive, useless, and deadly.
• The most toxic and deadly vaccines in history on a new platform that will never work.
• Billions of dollars spent on propaganda to convince people to accept every step of this nefarious plan.
• Firings, censorship, and blacklisting of critical thinkers.
Covid is a world war, launched by the ruling class, against humanity.
Say goodbye to your local bodega. And after that, say goodbye to the government-subsidized grocery store once it inevitably collapses.
This will not work because prices are not a reflection of someone’s “greed”, they’re a signal about supply and demand. And when you intentionally distort that signal, very bad things happen.
So let me explain to you what’s going to take place here.
Some grocery item that used to go for $10, like a slab of meat, will now be sold by NYC for $7.
“Yay! Everyone is happy! The government can provide better than the free market!”
I’m sure we’ll see a bunch of glowing pieces in mainstream media outlets fawning over Mamdani just like they did to Chavez before it all went to hell in Venezuela.
But behind the scenes, New York City has not made that slab of meat cost $7 to society. That missing $3 has to come from somewhere.
And it’s either going to show up in the form of higher taxes, longer lines in the store, empty shelves, poorer quality foods, horrible customer service, higher regional inflation, or chronic shortages followed by government rationing at the government-run store.
It’ll probably get some combination of all of the following, but not before some obnoxious honeymoon period where the media pretends like Mamdani is some innovative trailblazer for implementing a thoroughly debunked economic policy from a century ago.
@ianmiles There's already enough evidence here to charge him with assault. Assault means he's putting people in fear of being harmed. But that's the problem, law enforcement never seems interested in going after these people. Nobody ever gets punished for this shit.