Blog-Reference and Blog-Reference
This is what deficits really mean:
- MMT: Money-making for the one-percenters
- MMT is ALWAYS a bad deal for the 99-percenters
- MMT, money printing, stealth taxation, and redistribution
#MMT #LearnMMT #DebunkMMT #NotDifficult #FailedScience #FakeScience #ScientificIncompetence #ProfitTheory #PrivateSectorSurplus
From macroeconomic analysis follows Public Deficit = Private Profit.#1
Either Stephanie Kelton does not understand this, then she is an incompetent scientist. Or, she understands it, then she sells a social bluff package for the benefit of the one-percenters.#2
If Stephanie Kelton is the “Smartest Economist In America” one trembles to contemplate how stupid the rest is.
#1 Keynes, Lerner, MMT, Trump and exploding profit
#2 MMT: The one deadly error/fraud of Warren Mosler
|Source: Google Images MMT|
For the axiomatically correct equation see National Accounting: scientific incompetence or political fraud? and Wikipedia and the promotion of economists’ idiotism and MMT and the magical profit disappearance and The Profit Theory is False Since Adam Smith.
This is the correct equation (I−S)+(G−T)+(X−M)−(Qm−YD)=0 with Qm monetary profit and YD distributed profit.
|Sectoral Balances: False = MMT, True = AXEC|