Occasional Tweets: Growing debt ― the permanent self-alimentation of the Oligarchy

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S) implies #PublicDeficitIsPrivateProfit. So, permanent deficit-spending/money-creation, i.e. a growing #PublicDebt secures the permanent self-alimentation of the #Oligarchy.

MMT works just fine (for the Oligarchy)https://t.co/J7ThjKM5fF

— E.K-H (@AXECorg) April 7, 2021

#Economics#FakeScience

The “brilliantly simple way to summarize” Economics is #IncompetenceWithoutComprehension.

The dirty secret of Capitalism: Capitalists have NO idea how the economy workshttps://t.co/jlB1gDW6P0#DefundEconomics #FireEconomists #ScrapTheLot

— E.K-H (@AXECorg) April 7, 2021

For more on capitalism see AXECquery.