Occasional Tweets: Accounting identities ― false since Keynes

 

#MMT#BadScienceBadPolicyBadPeople

When #MMTers talk of an accounting identity one should always be aware that #Economists, in general, are too stupid for the elementary #Algebra that underlies macroeconomic accounting.

MMTers: too stupid for simple mathhttps://t.co/7qhGPGzjew pic.twitter.com/4gBpWs49Qm

— E.K-H (@AXECorg) August 28, 2021

For details of the big picture see cross-references Accounting and cross-references Math/Mathiness.