Occasional Tweets: How MMTers serve the rich (III)

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit i.e. a #FreeLunch for the #Oligarchy. More #DeficitSpendingMoneyCreation produces a #ProfitExplosion. The real problem is NOT #Inflation but #Distribution. Details:https://t.co/4Ff0uZ3J2i

— E.K-H (@AXECorg) January 24, 2021

COV19 is a godsend for the #Oligarchy. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. From more #DeficitSpendingMoneyCreation results a #ProfitExplosion.

Keynes, Lerner, MMT, Trump, Biden and exploding profithttps://t.co/ABFUc41eMs pic.twitter.com/vXiYdrzvkk

— E.K-H (@AXECorg) January 24, 2021

***

Distribution

■ Deficits matter for distribution

■ Dear idiots, it is deficit spending that creates the distribution people complain about

■ Gosh! the One Percent have gotten $21 trillion richer: Links on Distribution

■ Profit and Distribution Theory is false for 200+ years

■ MMT: Distribution is the drawback NOT Inflation

■ The perennial conundrum: profit and distribution

■ MMT, money creation, stealth taxation, and redistribution

■ MMT: Redistribution as wellness program

■ The abject failure of orthodox and heterodox distribution theory

■ Profit and distribution: a primer