Occasional Tweets: MMTers ― stupid or corrupt or both?

 

#DearIdiots#LearnEconomics

“Deficit of gov't = addition to the financial balance of non-gov't.” NO! The 3-sector #ProfitLaw Q≡(G−T)+(I−S) implies #PublicDeficitIsPrivateProfit. Thus, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. ⇒https://t.co/J7ThjKM5fF

— E.K-H (@AXECorg) July 23, 2021

For the full-spectrum refutation of MMT see cross-references MMT.

For more about free lunch see AXECquery.

For more about stupid or corrupt or both see AXECquery.