The 3-sector #ProfitLaw Q≡(G−T)+(I−S) implies #PublicDeficitIsPrivateProfit. Therefore, more #DeficitSpendingMoneyCreation results in a #ProfitExplosion. The Krugman/Summers shitshow is meant to distract from the greatest distributional fraud ever. ⇒https://t.co/J7ThjKM5fF
— E.K-H (@AXECorg) February 12, 2021
Economists: 200+ years of proto-scientific garbage and agenda-pushing
Contrary to the obtrusive self-portrayal, economics is NOT science but political agenda-pushing. Economists are NOT scientists but clowns and useful idiots in the Circus Maximus. Accelerated by COV19, there runs now a world-wide campaign for deficit-spending. What is advertised as New Economic Thinking is in fact the same old agenda-pushing for the Oligarchy as ever.
The 3-sector macroeconomic #ProfitLaw Q≡(G−T)+(I−S)+Yd implies Public Deficit = Private Profit. So, more deficit-spending/money-creation will produce a profit explosion.
Paul Krugman and Larry Summers are long known as failed/fake scientists but are still members of good standing in the economics profession and half-witted enough for doing op-eds, interviews, talk shows, Tweets, and all the other PR stuff, thus spreading the new economic policy gospel of deficits-are-good-and-debt-does-not-matter-and-inflation-is-not-a-thing which, of course, is scientifically baseless and plain deception of WeThePeople. MMTers are doing this for years already and now the rest of academia and their troll brigade are jumping on the bandwagon.
- MMT ― now official doctrine
- Deficit cheerleaders ― the Oligarchy’s useful idiots
- A free lunch for the Oligarchy
- Keynes, Lerner, MMT, Trump, Biden, and exploding profit
- MMT: Academic snake oil for the people
- There is NO such thing as “smart, honest, honorable economists”
- Circus Maximus: Economics as entertainment, personality gossip, virtue signaling, and lifestyle promotion
- MMTers are too stupid for science but well-suited as useful idiots
- Links on MMTers push Wall Street’s agenda
- Links on Austerity
- Political fraud and the silence of academia
For more on Paul Krugman see AXECquery.
For more on Larry Summers see AXECquery.
For more on Stephanie Kelton see AXECquery.
For more on Bill Mitchell see AXECquery.
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