Go back in time and be a chaebol

Chapter 1431 Eastern European Little Fanboy (Second update, please subscribe)

“All the economic theories of economists are worth learning…”

Looking out the window, Li Yian said:
"Milton Friedman's neoliberal economics is actually not mutually exclusive with the planned economy. Economics is a very magical thing. It is not like playing bridge. At the right time, we should make appropriate adjustments according to the current environment. There is no such thing as left or right..."

Even though he had activated the skill of "economics" a long time ago, Li Yian still didn't really understand economics until now.

What are the operating laws of economics?

If the economy had rules, every country could become a developed country.

Things themselves are full of accidental variables. Is it realistic to use unchanging things to create a "Bible"?
Respecting economic laws does not mean condoning them.

Because of this, Li Yian's attitude towards the economy is flexible and changeable. The reason why Milton Friedman is mentioned is that A Monetary History of the United States, co-authored by him and Anna Schwartz, caused a sensation as soon as it was published.

The book examines the relationship between money supply and economic activity throughout U.S. history. They come to a surprising conclusion: money supply has always been the only source of influence on the ups and downs of economic activity.

This book caused a sensation as soon as it was published, so Li Yian talked about economics with Robert, Paul and others.

In fact, to a certain extent, Li Yian's economic thought is indeed influenced by the "Chicago School", that is, the influence of Milton Friedman's neoliberal economics. Therefore, when sending students abroad, they tend to send economics students to Chicago to learn from Milton Friedman.

However, there is nothing special about this. After all, anyone who knows a little about economics will be influenced by the "Chicago School". In the 21st century, the Federal Reserve apologized for this because they were wrong during the Great Depression and Milton's conclusion was correct.

But... this is not to say that Milton is so great, because he is standing on the shoulders of historical giants.

If it weren't for the Fed's trial and error, how could he have concluded that the Fed was wrong?
In fact, this is also Li Yian’s greatest advantage - standing on the shoulders of historical giants, he can calmly choose the so-called "economic theory" and adjust Nanyang’s economic policies in stages and according to different situations.

Then, calmly lead the economic development, which is the basis for Nanyang’s economic success.

Because there was Li Yian, a time traveler, there to guide the way. That’s why the post-war economic crisis had little impact on itself. To put it bluntly, it was just the result of advance planning.

What so-called miracle, glory.

Essentially, they are all based on advance knowledge.

In fact, Li Yian originally planned to hire Milton Friedman, but finally rejected the idea. After all, his economic theory ideas have not yet been fully formed, and some things cannot be pulled out. The best way for the team leader is to let him continue to grow in his original growth environment. Only in this way can he pick the fruits after they are mature.

But this did not prevent students from being sent there to study directly with him, thus injecting new scholarship into the development of economic theory here.

"Sir, can you understand that our economic policy is the invisible hand of the market to control the hand of planning, and use the hand of planning to constrain the invisible hand of the market?"

Robert asked curiously:

"The tangible and the intangible are essentially a matter of degree. Too much is as bad as too little. Doing too much or too little is the same, both are inappropriate. The key is a degree..."

When mentioning "degree", Li Yian glanced out the window and said:

"Here, it's going too far, but... Hungary might be an exception!"

The Hungary that Li Yian mentioned is now, no, it should be said that since the "Budapest Incident", they have been unswervingly promoting the new economic policy.

After finishing his visit to Austria, Li Yian embarked on a visit to Budapest. In the past twenty days, he visited Britain, France, West Germany, Norway and Sweden in succession, but where is the real focus?

Not Western Europe!

It's Hungary!
Although economic reform was the trigger for the Hungarian incident, even in another world, after the "Hungarian incident", they quickly began to reform and were one of the first countries in Eastern Europe to implement economic reform.

In fact, contrary to what many people imagine, not only Hungary, but almost all Eastern European countries have had "new economic system" reforms similar to the Hungarian model, and East Germany even started earlier than Hungary.

However, Hungary went a little too far, so far that Big Brother gave it a lesson with an iron fist. But then, in order to mend the relationship between the two sides, he still allowed them to continue.

This is also where Big Brother is most "successful" - because the younger brother wanted to renovate his house, Big Brother, who was displeased with it, hit him with his iron fists, and after the younger brother was injured, in order to appease him, Big Brother allowed him to renovate.

Anyone would be stunned by such barbaric and brutal behavior.

But Big Brother thinks - I am very right, if you want to decorate your own house, you must get my permission first!
Anyway, in any case, they renovated it in the end, just like Hungary today, they have gone further than in the past.

From an economic perspective, Li Yian even feels a sense of familiarity when looking at Hungary's current economic policies.

But, that's it.

Even so, after Li Yian's special plane arrived in Budapest, he felt a kind of enthusiasm that he had never felt in any other country. "Your Excellency, look, everyone is here..."

Pointing at the people outside the car window, Najib said:
"Seven years ago, when the Soviets wanted to destroy everything here, you were the only one who stood up and told us to hold on, because help would be on the way. Then we held on, and you did your utmost to maintain peace. Now..."

Looking at Li Yian beside him, Najib's tone was full of gratitude:

"Sir, now that you are here, you will see that your efforts and contributions are worthwhile. In the past six years, our economy has made great progress. There are more and more goods on the shelves of Hungarians. Sir, the goods on the market are no longer the same as before, with a shortage of quantity and variety and requiring rationing. Reforms have made Hungary the leading economy in Eastern Europe. Now, we have even surpassed East Germany..."

Pointing to an advertisement outside the window, Najib said:

"Look, that's us!"

The advertisement was for a product, and featured several advertising girls wearing miniskirts. That kind of miniskirts is extremely avant-garde in Europe and the United States today, but here they were painted on the wall blatantly.

In fact, this is also the biggest difference between Eastern European countries headed by the Soviet Union and Western countries. Western countries that seem to be dominated by white leftists are actually conservative in this era, and there is no question of being avant-garde at all.

Many people imagine that Eastern European countries, led by the Soviet Union, were the representatives of openness and avant-garde during the Cold War.
For example, when European and American countries regarded bikinis as immoral, bikinis had already appeared on the beaches of Eastern European countries. There were even nude floats at the military parade in East Germany. People showed their bodies in broad daylight.

Such a contrasting scene will definitely surprise the whole world, but this is the most real thing.

It was actually the Eastern countries that were much more open than the Western countries, at least to a certain extent. Of course, they did not recognize the so-called correct group until the end of the Cold War.

"Ha ha,"

Li Yian burst into laughter, and then said:

"I have been following you and noticed the construction achievements you have made in the past few years. The achievements you have made are amazing."

Looking at the people outside the car window waving flowers and arms to welcome him, Li Yian felt touched, because he knew that this warm welcome was not official.

Here the official color is gradually fading, they are going further than in the past, and of course they have also achieved some economic success.

The reason why the people crowding on both sides of the street welcomed me was because of the help I had given them a few years ago. So when they knew my itinerary, they spontaneously came to the streets to welcome me.

In the past few years, Hungary has become their little fan. For young Hungarians, studying abroad in Southeast Asia is their dream. Unlike many people who yearn for the West, they yearn for Southeast Asia and the equator, after all, they have received selfless help from there during the crisis.

It is this kind of help that has made the people here the most pro-south region in Eastern Europe, with not only many people going there to study, but even more people marrying there.

He is definitely a little fanboy. In fact, this is the reward for his resolute pursuit of justice in the crisis.

Faced with such a welcome, it would be a lie if I said I didn't feel any emotion inside.

"And I believe you will achieve even greater success in the future."

In fact, in another world, their economic reforms had also achieved extremely brilliant results.

"Sir, our achievements are inseparable from your help."

What Nagy said was true. In the past few years, Hungary has received hundreds of millions of yuan in loans every year through development aid programs. Thanks to this help, their infrastructure such as electricity and transportation have been fundamentally improved, and the improvement of infrastructure has further promoted economic development.

In fact, at the beginning, Li Yian didn’t think so much at all. After all, Hungary was too far away. Even if he could exert influence, how much influence could he have?
However, who could have imagined that this unintentional move, which was intended only to cause trouble for the Soviet Union, would actually result in a staunch ally in Central Europe.

This may be an unexpected gain.

Looking through the car window at the people on the roadside holding banners welcoming him, for a moment, Li Yian even had an urge to order the car to stop and have close contact with them.

Although this idea was very strong, his reason told him that he could not do it. After all, safety was the most important thing at the moment.

If any accident happens in this place, then all our efforts will be wasted.

Thinking of accidents, Li Yian naturally thought of his wild imagination and the rich young man.

What was it like when he waved to the citizens of Dallas from his convertible?

Thinking of this, Li Yian immediately calmed down. After all, that was a bloody lesson!

Even though the Hungarians kept shouting his name, Li Yian just waved to them through the car window, that was all...

(End of this chapter)