Occasional Tweets: Too stupid for the elementary algebra of macrofoundations

 

#Economics#MankiwIsProtoScientificGarbage

The 3-sector #ProfitLaw Q≡(G-T)+(I-S)+Yd implies that macroeconomic #Profit depends on #PublicDeficit and on business sector investment greater than household sector saving.

Cross-references Refutation of I=Shttps://t.co/TGGYpnS9sG

— E.K-H (@AXECorg) November 30, 2020

#Economics#BadScienceBadPolicyBadPeople

No satire! Peter Bofinger is too stupid for the elementary algebra that underlies #MacroEconomics and has NOT realized to this day that I=S is false since Keynes' messed things up. Seehttps://t.co/zCjhPsNl1Khttps://t.co/QJycQUh0Uj

— E.K-H (@AXECorg) December 1, 2020

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For more about Mankiw see AXECquery.

For more about Bofinger see AXECquery.

For more about macrofoundations see AXECquery.

For more about I=S see AXECquery.