One of the biggest pitfalls of common discourse is allowing people who want you dead to define the argument. Thomas Sowell became prominent because he did not let the trappings of political arguments be the only possible answers. Stop using the term white, I’m Slavic, Germanic, and Nordic. This means me and people from the Mediterranean have fuck all in common but we are still classified the same. As an American I have nothing in common with Germans, yet I am classified in the same group. Playing by these stupid identity games only gives these quibbling retards validation. Want to discriminate legitimately? Use their culture. We already know that ghetto black culture is shit, we already know that central and South American culture is shit, we already know that Northwestern American culture is shit. The practices a culture implements shows over generations, black American who eat vegetables and don’t down hundreds of grams of sugar a day magically live past 65. Asian families have been growing taller in America thanks to access to real food. A culture defines your genetics tomorrow.
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Typically, at the higher levels, they know what they are doing and are just lying.
Like, the Federal Reserve knows that printing money causes inflation. Biden is delusional. The Biden administration is just re-defining inflation as "rising prices" and then lying. The Federal Reserve thinks they can control inflation because they are manipulating a bunch of financial vehicles and instruments to basically remove liquidity from the market. There is a long, convoluted, explanation and it has something to do with Repo agreements.
The Wiemar government knew, but it also wanted to exploit the benefits of hyperinflation anyway (mass asset wealth seizure and the ease at paying off debt). They probably thought they could manage the economy better if they just controlled the economy through printing, but the damage was too severe to keep it going.
For example: Hitler was a Socialist, and so he made all sorts of terrible economic policies. But this was also a man, and indeed a whole fucking party, that opposed the inflationary practice of printing money via a central bank. Well. When Hitler got into power that's one of the things he did with the Reichsmark. He debased his own currency to pay for massive social programs in Germany. But then he did something even worse monetarily. In regions he conquered, the German army stole absolutely fucking everything that wasn't nailed down. He stole the East's asset wealth to combat inflation. No one in Germany seemed to realize how much trouble they were in (besides the food shortage), because the conquered territories were the ones who were actually facing the consequences. The rising costs of door knobs due to inflation could be reduced by stealing door knobs from Poland and adding them to your supply.
But then and his bankers did something truly evil: he invented a fiat currency just for occupied territories to steal assets to Germany. Think about this:
He used a fiat currency to remove the asset wealth of Eastern Europe.
When the Fabians say, "You will own nothing and you will be happy", they are looking to the German plan of extracting all asset wealth from you, combined with permanent debt, and perpetual inflation.
So, for the Socialists, are they totally economically illiterate? No, not entirely. They have a lot of bad assumptions... but they know what happens when you start printing money. Do they know?...
In the words of liberated Jewish prisoners at Bergen-Belsen to the nearby German townsfolk:
"YOU KNEW!"
Because of course they did. How could they not?