March 28, 2021

Occasional Tweets: The page where Stephanie Kelton gets macroeconomics wrong

 



The bucket debate: arguments of the winning side

#MMT
#BadScienceBadPolicyBadPeople
#LearnEconomics

2 buckets ⇒ household sector, business sector
3 buckets ⇒ household, business, government
4 buckets ⇒ household, business, government, rest of the world
MMT fake bucket ⇒ “non-government sector”, government sector

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#MMT
#BadScienceBadPolicyBadPeople

You ask "Have you read the book?" Obviously, you have not realized that in my last Tweet there is a screenshot of p. 104 of Deficit Myth attached that proves the Kelton fraud.

You are even too stupid for an MMT troll.

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#MMT
#BadScienceBadPolicyBadPeople

The fact is that you have NOT recognized the page where Stephanie Kelton performs the MMT fraud on the open stage. So either you don't have read the book or you are too stupid for the elementary math that underlies #MacroEconomics – just like the rest of the MMT troll brigade.


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#MMT
#BadScienceBadPolicyBadPeople


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#MMT
#BadScienceBadPolicyBadPeople

MMT does NOT grow "more popular", it is only pushed harder. Stephanie Kelton and the other #MMTers are NOT serious academics but useful political idiots.


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#MMT
#BadScienceBadPolicyBadPeople

The trade balance is the 4th bucket as I pointed out ( ⇒ household, business, government, rest of the world). Stephanie Kelton made the 2nd bucket (= business sector) disappear and with it #Profit.


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The 3-sector #ProfitLaw Q≡(I−S)+(G−T)+Yd implies #PublicDeficitIsPrivateProfit. More #DeficitSpendingMoneyCreation will produce the biggest #ProfitExplosion ever.

MMT works just fine (for the Oligarchy)

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#HowMMTservesTheOligarchy

There is NO “private sector” only the business sector (balance profit/loss) and the household sector (balance saving/dissaving). The 4-sector #ProfitLaw reads Q≡(I−S)+(G−T)+(X−M)+Yd and implies #PublicDeficitIsPrivateProfit. See


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#MMT
#FakeScience
#MMTers
#StupidOrCorruptOrBoth

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For more on Stephanie Kelton see AXECquery.