#MMT#BadScienceBadPolicyBadPeople
— E.K-H (@AXECorg) March 4, 2021
Proving Bill Mitchell wrong ― burying MMT for goodhttps://t.co/5Eq84tXpvc
AXEC: New Foundations of Economics
This blog connects to the AXEC Project which applies a superior method of economic analysis. The following comments have been posted on selected blogs as catalysts for the ongoing Paradigm Shift. The comments are brought together here for information. The full debates are directly accessible via the Blog-References. Scrap the lot and start again―that is what a Paradigm Shift is all about. Time to make economics a science.
March 4, 2021
Occasional Tweets #210304: MMT has always been a scientific non-starter
March 3, 2021
Going beyond the pluralism of idiotism
Occasional Tweets #210303: Very busy ― the MMT troll brigade in action
The government is not like a household but like a counterfeiter household. The counterfeiter never runs out of money and never stops stealing from the rest of #Society. #DeficitSpendingMoneyCreation always ends up as #Profit for the #Oligarchy. ⇒https://t.co/Iq1lVxePy1 pic.twitter.com/DEumJjDv2h
— E.K-H (@AXECorg) March 3, 2021
March 2, 2021
Occasional Tweets #210302: Economics is the living example of a cargo cult science
#Economics is axiomatically false for 200+ years. #Economists are NOT #Scientists but #Clowns in the political #CircusMaximus.
— E.K-H (@AXECorg) March 2, 2021
Economics: A cargo cult science from the very beginninghttps://t.co/mHysvEN34H
What is so great about cargo cult science?https://t.co/7UKXfUEjLJ
March 1, 2021
Occasional Tweets #210301: MMTers are a bunch of petty crooks
There is #Politics and there is #Science. #Economics is NOT Science and appr. 99% of #Economists are #Clowns and #UsefulIdiots in the political #CircusMaximus. How to differentiate? Scientists NEVER mute/block but for #MMTers it is second nature.
— E.K-H (@AXECorg) March 1, 2021
February 25, 2021
Ocassional Tweets #210225: How the MMT fraud works
#MMT
— E.K-H (@AXECorg) February 25, 2021
COV19 is a godsend for the #Oligarchy. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. More #DeficitSpendingMoneyCreation will produce a #ProfitExplosion.
Keynes, Lerner, MMT, Trump, Biden and exploding profithttps://t.co/ABFUc41eMs pic.twitter.com/wyrk7Uw0zr
#HowMMTservesTheRich
— E.K-H (@AXECorg) February 25, 2021
The lethal effect of #MMT is NOT on #Inflation but on #Distribution. #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy that is wrongly advertised as a benefit for #WeThePeople.
MMT and the inflation-red-herringhttps://t.co/lAKEyW4bC5 pic.twitter.com/oqFuzbhMeF
#HowMMTservesTheOligarchy
— E.K-H (@AXECorg) February 25, 2021
Scientifically, #MMT is provably false. Politically, MMT is just another fraud. Self-styled progressive #MMTers are betraying #WeThePeople.
The Kelton Mythhttps://t.co/yhsVtr7ym9 pic.twitter.com/2yi8c0mPFS
The immediate effect of #MMT #DeficitSpendingMoneyCreation is on macro #Profit because #PublicDeficitIsPrivateProfit. Then, the interest on #PublicDebt will be taxed from #WeThePeople on behalf of the #Oligarchy in all eternity. ⇒https://t.co/gtHNBB5ejl
— E.K-H (@AXECorg) February 25, 2021
Mosler & Mitchell & Kelton & the rest of Wall Street's #UsefulIdiots tell the world that #Debt has never to be repaid and interest can be set to zero. In the meantime, #FinancialWealth goes to the stratosphere and the IRS taxes interest from #WeThePeople. This is how fraud works.
— E.K-H (@AXECorg) February 25, 2021
What you think is irrelevant. #MMTheory is provably false. #MMTpolicy is a political fraud. And you are part of it. That is the fact of the matter. So, FLUSH, and MMT goes down the drain.
— E.K-H (@AXECorg) February 25, 2021
Basic research tells one that the #MMT #SectoralBalances equation is false. Because of this foundational blunder, the whole of MMT has NO truth-value but only a political use-value. And it is used, no surprise, for the benefit of the #Oligarchy. pic.twitter.com/uTAAuzwFUE
— E.K-H (@AXECorg) February 25, 2021#MMT#BadScienceBadPolicyBadPeople
— E.K-H (@AXECorg) February 27, 2021
Lest we forget, your buddy Brian Romanchuk has been thoroughly refuted already in 2017.
Refutation of MMT: All proofs and arguments you ever needhttps://t.co/GicGeuNV0J#MMTers' slowness of understanding is a metric for stupidity/corruption.
February 24, 2021
Occasional Tweets #210224b: Once upon a time there was Orthodoxy and Heterodoxy
#Economics#FailedScience
— E.K-H (@AXECorg) February 24, 2021
What Orthodoxy and Heterodoxy have in common is scientific incompetence.
Orthodoxy?―NO, Heterodoxy?―NO: Scrap ALL this crap!https://t.co/0wxWTAHBOq
Orthodoxy is idiocy, Heterodoxy alsohttps://t.co/BRhGHsImdB#DefundEconomics #FireEconomists
- Heterodoxy ― an axiomatic failure just like Orthodoxy
- The stupidity of Heterodoxy is the life insurance of Orthodoxy
- NAIRU and the scientific incompetence of Orthodoxy and Heterodoxy
- Orthodoxy vs Heterodoxy: the squabbling of quacks
- When proto-scientific Heterodoxy calls Orthodoxy pseudo-scientific
- Nothing to choose between Orthodoxy and traditional Heterodoxy
- Orthodoxy/Heterodoxy/Sysdoxy
- Heterodoxy’s biggest mistake is to repeat Orthodoxy’s biggest mistake
- From Orthodoxy to Heterodoxy to Sysdoxy
- Orthodoxy?―NO, Heterodoxy?―NO: Scrap ALL this crap!
- How to creatively destruct Orthodoxy
- Confused Orthodoxy vs confused Heterodoxy
- How Orthodoxy buffaloed Heterodoxy
- Yes, Orthodoxy is incoherent but, unfortunately, Heterodoxy also
- Who takes Orthodoxy or Heterodoxy seriously?