Occasional Tweets: How to view public debt ― good for the Oligarchy, bad for WeThePeople

 

#LearnEcon

Because of the macroeconomic #ProfitLaw Q≡(G−T)+(I−S)+Yd it holds #PublicDeficitIsPrivateProfit. So, private #FinancialWealth grows in lockstep with #PublicDebt. #WeThePeople owes the debt and is taxed for the interest payments to the #Oligarchy in all eternity.

— E.K-H (@AXECorg) March 27, 2021

MMTers ― the new deceivers of WeThePeople

MMT claims that deficit-spending/money-creation is for the benefit of WeThePeople yet ultimately is NOT. Academic MMTers are NOT scientists but political agenda-pushers.

• Is MMT good for WeThePeople or for the Oligarchy?
• The memorable Kelton/Trump victory against WeThePeople
• MMT: A new myth for WeThePeople
• Political fraud and the silence of academia
• Austerity: Who takes the little man for a ride?
• How counterfeiters save America with an extra profit and make WeThePeople pay for it
• On the saying “We owe the debt to ourselves”
• MMT: An overdose of public-debt tranquilizers for WeThePeople
• MMT Progressives: The knife in the back of WeThePeople
• Mission impossible: economists join WeThePeople
• MMT: How the Oligarchy communicates with WeThePeople
• MMT and the magical profit disappearance
• MMT, money creation, stealth taxation, and redistribution
• The U.S. economy hangs on the state ventilator for its survival

For more on WeThePeople see AXECquery.