MAGAnomics

Central beliefs of MAGAnomics:

• If people get money (wages, whatever) they just eat it directly. They don’t pass it on to someone else, who then passes it on to someone else, etc…;

• There are no gains from trade, individually or between countries;

• If the government spends money, it’s just fake somehow. All economic activity related to the government is an illusion, except SpaceX and Tesla subsidies;

• It takes a few weeks, couple months tops, to set up a “factory.”

(h/t Duncan Black over at eschatonblog.com)