Occasional Tweets: Economists are too stupid for macro accounting (I)

 

#LearnEconomics

Basic macroeconomic #Accounting [i.e. #Profit Q≡(G−T)+(I−S)+Yd] implies #PublicDeficitIsPrivateProfit. Thus, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy and Private financial assets of the #Oligarchy ≈ Public debt of #WeThePeople.

— E.K-H (@AXECorg) August 6, 2021

 

For more about macroeconomic accounting see AXECquery.

For more about math see AXECquery.