#Economics is NOT about the “flourishing of human beings” but about how the economic #System works. What is #Profit? is the key question of economics. Bc they are too stupid for elementary #Algebra #Economists NEVER got their foundational concept right.⇒https://t.co/yvFW9DOjJn pic.twitter.com/ZY1kczDGKz
— E.K-H (@AXECorg) December 31, 2021
This blog connects to the AXEC Project which applies a superior method of economic analysis. The following comments have been posted on selected blogs as catalysts for the ongoing Paradigm Shift. The comments are brought together here for information. The full debates are directly accessible via the Blog-References. Scrap the lot and start again―that is what a Paradigm Shift is all about. Time to make economics a science.
December 31, 2021
Occasional Tweets: Happiness and liberty ― economics as fake philantropy
December 30, 2021
Occasional Tweets: There is no scientific authority in economics
#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are mutually contradictory, axiomatically false, and materially/formally inconsistent. #Economists are too stupid for #Science. There is NO scientific authority in #Economics. pic.twitter.com/RMaBIog3d5
— E.K-H (@AXECorg) December 30, 2021
December 29, 2021
Occasional Tweets: Silly economics is over
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) December 29, 2021
The silly behavioral #MicroFoundations have to be replaced by objective #MacroFoundations. This is known as #ParadigmShift
From false micro to true macro: the new economic Paradigmhttps://t.co/Kquzb9AvrF pic.twitter.com/IbBTST2kGJ
December 28, 2021
Occasional Tweets: Economics ― get your free online proto-scientific garbage from top universities
#FailedScience#FlowBalanceInconsistency#Economists (Stanford, Yale, MIT, Harvard, Berkeley, etc) are too stupid for the elementary #Algebra that underlies #MacroEconomics. Bc of this, they get the foundational concepts #Profit and #Income wrong. ⇒https://t.co/QJycQUh0Uj
— E.K-H (@AXECorg) December 28, 2021
Occasional Tweets: Again and again ― the "profit is part of income" idiocy
Since Adam Smith economists get the foundational economic concepts #Profit and #Income wrong. Note that income is a #Flow and profit is a #Balance and #Economists are too stupid to understand the categorical difference.⇒https://t.co/mGL31nniSI pic.twitter.com/EeXTj25HKd
— E.K-H (@AXECorg) December 28, 2021
Occasional Tweets: How Wall Street became the social/progressive champion of WeThePeople
With #MMT, #WallStreet has found a way to endorse full employment, healthcare, etc, and to increase macroeconomic #Profit. It holds #PublicDeficitIsPrivateProfit. For #MacroProfit it does NOT matter how the spending is allocated.⇒https://t.co/wnoSHfsmZF pic.twitter.com/6HIAIl37va
— E.K-H (@AXECorg) December 28, 2021
December 27, 2021
Occasional Tweets: MMT is not science but brain-dead political agenda-pushing
#MMT policy has NO valid scientific foundations. Stephanie Kelton's Deficit Myth is scientifically refuted and proven to be political agenda-pushing for the #Oligarchy.
— E.K-H (@AXECorg) December 26, 2021
The page where Stephanie Kelton gets macroeconomics wrong https://t.co/CNFDkXM1Ki
December 25, 2021
Occasional Tweets: Economics ― the future is now
Millennia from now, the century 1850-1950 will be remembered for the scientific failure of #Economics. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are mutually contradictory, axiomatically false, and materially/formally inconsistent. pic.twitter.com/X54Ah0asku
— E.K-H (@AXECorg) December 25, 2021
Occasional Tweets: 0.1% of "criticisms of economists from non-economists are completely stupid and wrong"
#Economics#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are mutually contradictory, axiomatically false, and materially/formally inconsistent. #Economists are too stupid for #Science. The history of economic thought is the history of scientific failure. pic.twitter.com/RvFjFbAz2a
— E.K-H (@AXECorg) December 25, 2021
Occasional Tweets: 200+ years of scientific incompetence ― economists still miss the point of substance
#FailedScience#Economics is about how the #Economy works and NOT about “rules that govern how we choose rules”. Because they are too stupid for #Science, #Economists fail at their proper task to this very day.
— E.K-H (@AXECorg) December 25, 2021
How Adam Smith messed up economicshttps://t.co/QD7kIXA3VP pic.twitter.com/jslH26urwX
December 23, 2021
Occasional Tweets: All the Oligarchy's men
#HowTheSystemWorks
— E.K-H (@AXECorg) December 23, 2021
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, #DeficitSpendingMoneyCreation secures the permanent self-alimentation of the #Oligarchy. Growing #PublicDebt produces #Profit/#Interest which is used for #StateCapture. pic.twitter.com/QlY1PebyJ4
Occasional Tweets: Paradigm Shift ― advancing economics from political blather to science
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth#Reset
— E.K-H (@AXECorg) December 23, 2021
From false micro to true macro: the new economic Paradigmhttps://t.co/Kquzb9AvrF pic.twitter.com/Hn0D7kxFSD
Occasional Tweets: MMT ― not a noble cause
#MMT is NOT a noble cause. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the #MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy.
— E.K-H (@AXECorg) December 23, 2021
MMT works just fine (for the Oligarchy)https://t.co/J7ThjKM5fF pic.twitter.com/LvzZpWJSA1
December 22, 2021
Occasional Tweets: Get a life, MMTers!
MMT is refuted ― end of storyhttps://t.co/fz3QlGfMiz
— E.K-H (@AXECorg) December 22, 2021
MMT has been conclusively refuted and MMTers can do NOTHING about ithttps://t.co/jM3JFoLOoA
→ cross-references #MMThttps://t.co/ZOsRheXlJW
Occasional Tweets: Economics ― the USA/GER axis of idiocy
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) December 21, 2021
Achim Truger in his ketchup delirium is unable to realize that Paul Krugman's pointless blather about #Inflation is the unassailable proof of academic degeneracy.
Links on Paul Krugman, proto-scientific impresariohttps://t.co/RRYQuNSgTU
December 21, 2021
Occasional Tweets: Where does profit ultimately come from?
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. If tax T goes to #Min and spending G goes to #Max, macroeconomic #Profit Q goes to #Maximum.
— E.K-H (@AXECorg) December 21, 2021
Deficit cheerleaders ― the Oligarchy’s useful idiotshttps://t.co/XX5wLu3cSJ pic.twitter.com/r9uJD095Gi
Occasional Tweets: Agenda pushers since the founding fathers
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) December 21, 2021
Academic #Economists are not #Scientists but #UsefulIdiots/#AgendaPushers for the #Oligarchy. Yesterday it was the University of Chicago, today it's Stony Brook University.
Links on MMTers push Wall Street’s agendahttps://t.co/zJbSbt268W
Occasional Tweets: Economics ― who funds whom?
#HowEconomicsWorks
— E.K-H (@AXECorg) December 20, 2021
Philippa Sigl-Glöckner [SPD MĂĽnchen-Nord] [Dezernat Zukunft] funds Philipp Heimberger et al. with € 487.600 and Fiscal Future with € 517.500 and Plurale Ă–konomik with € 127.900. Who funds Philippa? pic.twitter.com/ibpypcfiUV
December 19, 2021
Occasional Tweets: The end of inflation waffling
#DearIdiots
— E.K-H (@AXECorg) December 19, 2021
Below is the axiomatically correct macroeconomic #LawOfSupplyAndDemand. It tells you that neither #Expectations nor the #QuantityOfMoney is among the #Price determinants.#StopWaffling pic.twitter.com/R7u36PF4Vt
December 18, 2021
Occasional Tweets: How macroeconomics went wrong
The history of economic thought is the history of scientific failure. Both, the Stockholm School and #Keynes were too stupid for elementary #Algebra and messed up #MacroEconomics. pic.twitter.com/AkZySxhUva
— E.K-H (@AXECorg) December 18, 2021
For more about macrofoundations see AXECquery.
December 17, 2021
Occasional Tweets: Economists do not serve their fellow citizens
He who is unfit for #Science becomes an #Economist. #Economists are #Clowns/ #UsefulIdiots/ #AgendaPushers in the political #CircusMaximus and a hazard to their fellow citizens.
— E.K-H (@AXECorg) December 17, 2021
→ #Econogenicshttps://t.co/zr0XRorAtq pic.twitter.com/bWZoCcriZA
Occasional Tweets: There is much confusion about democracy and oligarchy
The correct term for the political system you care about is #Oligarchy and NOT #Democracy. The macroeconomic #ProfitLaw implies #PublicDeficitIsPrivateProfit. Thus, #DeficitSpendingMoneyCreation i.e. a growing #PublicDebt secures the permanent self-alimentation of the #Oligarchy. pic.twitter.com/ICv6JCxaUS
— E.K-H (@AXECorg) December 17, 2021
Occasional Tweets: Greed does not produce profit
#Greed does NOT produce #Profit. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the #MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy.
— E.K-H (@AXECorg) December 17, 2021
MMT works just fine (for the Oligarchy)https://t.co/J7ThjKM5fF pic.twitter.com/RPXvtOKTm7
December 16, 2021
Occasional Tweets: Economists even abuse Christmas (II)
#Economics#FailedScience#FakeScience#Economist#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) December 16, 2021
Nobody needs more than this #Christmas Special to realize that #Economics has always been proto-scientific garbage and #DisInfoTainment.
How Adam Smith messed up economicshttps://t.co/QD7kIXA3VP pic.twitter.com/yHVBt99aZl
December 15, 2021
Occasional Tweets: Economists are still behind the curve
#Economics is about how the economic #System works. Everything else is #DisInfoTainment.
— E.K-H (@AXECorg) December 15, 2021
Economics is NOT a social sciencehttps://t.co/zJHeQboYGH
and NOT a science of behaviorhttps://t.co/MzGiF9gpXa
How Adam Smith messed up economicshttps://t.co/QD7kIXA3VP pic.twitter.com/A7Mj9vYeA2
December 14, 2021
Occasional Tweets: The futile attempt to recycle Kalecki (I)
Swedish economists, Keynes, Kalecki, etc. ― ALL got #MacroFoundations/#Profit wrong.
— E.K-H (@AXECorg) December 14, 2021
Kalecki and Keynes: The double macroeconomic false starthttps://t.co/NVpmqGFy1m
The Levy/Kalecki Profit Equation is falsehttps://t.co/cTbCmCsiI7
December 13, 2021
Occasional Tweets: The soul of macroeconomics
The history of economic thought is the history of scientific failure. The feeble soul of old #MacroEconomics withered away, the new soul is incarnated in structural #MacroFoundations.
— E.K-H (@AXECorg) December 13, 2021
Rethinking macroeconomicshttps://t.co/TtMQ4hF1wP pic.twitter.com/BOhfwnMnlM
December 12, 2021
How Adam Smith messed up economics
December 11, 2021
Occasional Tweets: Economists ― self-hype is their only talent
“Economics is the study of the economy, not the study of economists.” (R. Reis)#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are mutually contradictory, axiomatically false, materially/formally inconsistent. The personality of #Economists is of NO interest. pic.twitter.com/YYHMbMfVDO
— E.K-H (@AXECorg) December 11, 2021
Occasional Tweets: von Mises was a stupid/corrupt political agenda pusher
#Capitalism can maintain itself in existence only by sponging on the #State. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, perpetual #DeficitSpendingMoneyCreation is a perpetual #FreeLunch for the #Oligarchy. pic.twitter.com/nrUEdibfUd
— E.K-H (@AXECorg) December 11, 2021
December 10, 2021
Occasional Tweets: MMT policy has no valid scientific foundations
#MMT policy has NO valid scientific foundations. Stephanie Kelton's Deficit Myth is scientifically refuted and proven to be political agenda-pushing for the #Oligarchy.
— E.K-H (@AXECorg) December 10, 2021
The page where Stephanie Kelton gets macroeconomics wrong https://t.co/CNFDkXM1Ki pic.twitter.com/7hjmAweib0
Occasional Tweets: How to respect the separation between religion and science
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) December 10, 2021
The Supreme Being handed over these Twelve Economics Commandmentshttps://t.co/NxykTJpvx6
Occasional Tweets: Economic policy guidance has never had sound scientific foundations (II)
#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are mutually contradictory, axiomatically false, materially/formally inconsistent. The analytical superstructure of #Economics is scientifically worthless. Economic policy advice has NEVER had sound foundations. pic.twitter.com/KqLtlDnuqZ
— E.K-H (@AXECorg) December 10, 2021
Occasional Tweets: Spending without taxing ― the survival formula
#SpendingWithoutTaxing
— E.K-H (@AXECorg) December 10, 2021
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Growing #PublicDebt is the life elixir of #Capitalism/#WallStreet. ⇒https://t.co/J7ThjKM5fF pic.twitter.com/49K2NBbo4F
December 8, 2021
Occasional Tweets: Economics is not science, never has been
The Honourable John Stuart Mill,https://t.co/0CztZlS3Ur
— E.K-H (@AXECorg) December 8, 2021
one of the founding fathers of #PoliticalEconomy has most of his life been on the payroll of the East India Company, i.e. the #Oligarchy. Not much has changed to this day, except that #Economics claims that it is #Science. pic.twitter.com/ngu2PHyzAY
December 7, 2021
Occasional Tweets: Humility is the magic hood of incompetence
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) December 7, 2021
It is better to be precisely right than roughly wronghttps://t.co/0qFxkm3a5d
Economics ― worse than fakehttps://t.co/6n41B7gPyz pic.twitter.com/BKvHN7Rjsr
Occasional Tweets: The "reforming programs" of MMT always boil down to deficit-spending/money-creation
#MMT takes “reforming programs” as a pretext for #DeficitSpendingMoneyCreation. Bc of #PublicDeficitIsPrivateProfit, MMT is a political fraud to the advantage of the #Oligarchy and the disadvantage of #WeThePeople. ⇒https://t.co/H8vQN478k7 pic.twitter.com/hHb0bFcjlX
— E.K-H (@AXECorg) December 7, 2021
#MMT
— E.K-H (@AXECorg) December 7, 2021
Stephanie Kelton's Deficit Myth is scientifically refuted and proven to be political agenda-pushing for the #Oligarchy.
The page where Stephanie Kelton gets macroeconomics wrong https://t.co/CNFDkXM1Ki pic.twitter.com/56hvSDXdqG
The reality is that #MMT is refuted on all counts and that Stephanie Kelton is academic fraud.
— E.K-H (@AXECorg) December 7, 2021
The Kelton Fraudhttps://t.co/BN9izLduPa pic.twitter.com/Xj6150Rtny
The reality is that Stephanie Kelton is too stupid for the elementary #Algebra that underlies macroeconomic accounting and that #MMT is refuted on all counts.
— E.K-H (@AXECorg) December 7, 2021
MMTers are too stupid for science but well-suited as useful idiotshttps://t.co/eIliBmMI2U pic.twitter.com/RMmH6LGNCi
The fact that Stephanie Kelton “spent time as chief economist of the Senate Budget Committee” does NOT prove that she is an intelligent/honest #Scientist but that she is a stupid/corrupt #AgendaPusher. pic.twitter.com/rER6jlR0Ov
— E.K-H (@AXECorg) December 7, 2021
The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. If tax T goes to #Min and spending G goes to #Max, #Profit Q goes to #Maximum. For #WeThePeople as a WHOLE, #DeficitSpendingMoneyCreation is ALWAYS a bad deal.
— E.K-H (@AXECorg) December 7, 2021
#MMT#SuccessStory
— E.K-H (@AXECorg) December 7, 2021
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, the policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Bigger is better, exploding #Debt is best. Trillionaires say thank you, Mr. Biden!
Imagine, the military budget is reduced to zero and the #Spending is redirected to Employment-/Climate-/Healthcare under the condition of a #BalancedBudget G=T. This benefits #WeThePeople. #MMT, though, insists on #DeficitSpending which increases #Profit Q≡G−T. Do you get that?
— E.K-H (@AXECorg) December 7, 2021
December 6, 2021
Occasional Tweets: Neither luck nor skill
#BankExecutiveBonuses
— E.K-H (@AXECorg) December 6, 2021
It's neither luck nor skill. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Growing #PublicDebt is the life elixir of #Capitalism/#WallStreet. pic.twitter.com/UvKBpHF5VV
Occasional Tweets: The critical economist ― just another laughing stock
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) December 6, 2021
The history of economic thought is the history of scientific failure: “Scrap the lot and start again.” (Joan Robinson)
Why don’t you do what Joan Robinson told you to do?https://t.co/PYXQLqdqaS pic.twitter.com/p4leD8TDqT
December 5, 2021
Occasional Tweets: The life elixir of Capitalism
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Growing #PublicDebt is the life elixir of #Capitalism/#WallStreet. ⇒https://t.co/ATzyx3Cwnt pic.twitter.com/gtLILcjYyu
— E.K-H (@AXECorg) December 5, 2021
December 4, 2021
Occasional Tweets: The futile attempt to recycle the history of economic thought
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) December 4, 2021
The history of economic thought is like the history of the Easter Bunny ― scientifically vacuous.https://t.co/vNYE4yySrJ pic.twitter.com/DgXCcNCNhc
Occasional Tweets: Economists even abuse Christmas (I)
#Economics as #Science is about how the #Economy works. #Economists, though, are NOT #Scientists but instead help folks to “get into the Christmas spirit” because in this mental state everybody believes everything. ⇒https://t.co/xsj9DcJmJg pic.twitter.com/P3mUC1Nh1j
— E.K-H (@AXECorg) December 4, 2021
December 2, 2021
Occasional Tweets: The foundational concept of economics is profit
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) December 2, 2021
The foundational concept of #Economics is #Profit. But #Economists don't get it right to this day.
The profit theory is false since Adam Smithhttps://t.co/s3zlXjeZ3a pic.twitter.com/cgOB7m9gH4
Occasional Tweets: Economists are fake scientists but real agenda pushers
#Economics#FakeScience#Economists#AgendaPushers
— E.K-H (@AXECorg) December 2, 2021
To exclude mandatory vaccination before Federal Elections, to win with the votes of vaccination opponents, to declare the very opposite before inauguration is NOT “das richtige” but destroys the #Legitimacy of the new Kanzler. pic.twitter.com/8JnKZxlndH
Occasional Tweets: The futile attempt to hype fake scientists
#Econ#DisInfoTainment
— E.K-H (@AXECorg) December 2, 2021
“Economics is the study of the economy, not the study of economists.” (R. Reis)
The personality of #Economists is of NO interest except for the fact that they are NOT #Scientists but #Clowns/#AgendaPushers/#UsefulIdiots in the political #CircusMaximus.
December 1, 2021
Occasional Tweets: Get it, economics is not a social science but a systems science
The history of economic thought is the history of scientific failure. #Economists are not #Scientists but #Clowns/#UsefulIdiots in the political #CircusMaximus.
— E.K-H (@AXECorg) December 1, 2021
Economics is NOT a social sciencehttps://t.co/zJHeQboYGH
and NOT a science of behaviorhttps://t.co/MzGiF9gpXa pic.twitter.com/rG708Gt9ul
Occasional Tweets: Academia and Science is NOT the same thing ― in economics, they are opposites
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) December 1, 2021
“Masonomics is … founded in principles that stress the value of free markets in promoting peace and prosperity.”
Masonomics is proto-scientific garbage. GMU economists are NOT #Scientists but #UsefulIdiots in the political #CircusMaximus. pic.twitter.com/ORqil0bLIh
Occasional Tweets: In science, only material/formal consistency counts, NOT the number of followers
“In order to tell the politicians and practitioners something about causes and best means, the economist needs the true theory or else he has not much more to offer than educated common sense or his personal opinion.” (Stigum)#Economics is NOT about generating followers. pic.twitter.com/nKKKYnUKmO
— E.K-H (@AXECorg) December 1, 2021
Occasional Tweets: The futile attempt to recycle Keynes (III)
#Economics
— E.K-H (@AXECorg) December 1, 2021
Making history is easy. Every moron can do it. Doing #Science is quite another thing. #Keynes messed up #MacroEconomics because he was too stupid for elementary #Algebra.
In the grand scheme of things, Lord Keynes was only a small-time crookhttps://t.co/qD8aPg7TXv pic.twitter.com/OZaXE9BXFo
Occasional Tweets: The futile attempt to recycle Hayek (I)
#Economics#FailedScience#FakeScience#CargoCultScience
— E.K-H (@AXECorg) December 1, 2021
Since the founding fathers, #Economists are in the #DisInfoTainment business.
Hayek ― agenda pusher or scientist?https://t.co/7RwU9fuYpp pic.twitter.com/Gnv5Fcz6CZ
November 30, 2021
Occasional Tweets: The MMTers are running out of arguments
MMT is refuted ― end of storyhttps://t.co/fz3QlGfMiz
— E.K-H (@AXECorg) November 30, 2021
MMT has been conclusively refuted and MMTers can do NOTHING about ithttps://t.co/jM3JFoLOoA
→ cross-references #MMThttps://t.co/ZOsRheXlJW pic.twitter.com/nZqN1Eg89L
Occasional Tweets: Schizophrenia ― the main representative of MMT complains about the smashing success of their policy
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the #MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy and to the detriment of #WeThePeople.
— E.K-H (@AXECorg) November 30, 2021
MMT works just fine (for the Oligarchy)https://t.co/J7ThjKM5fF pic.twitter.com/SLGSvYxfMD
Occasional Tweets: The Classics in Economics were not scientists but political agenda pushers
#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are mutually contradictory, axiomatically false, materially/formally inconsistent. The analytical superstructure of #Economics is scientifically worthless. pic.twitter.com/luFLavX8Qw
— E.K-H (@AXECorg) November 30, 2021
Occasional Tweets: Dear idiots, learn algebra
#DearIdiots#LearnAlgebra
— E.K-H (@AXECorg) November 30, 2021
‘Saving without s at the end is the flow.’ NO! Saving is a #Balance i.e. the difference of flows i.e. S≡Yw−C. And #Profit is the balance of the business sector i.e. Q≡C−Yw. This yields the basic #AccountingIdentity Q≡−S. ⇒https://t.co/Vgj0ZK5gl3 pic.twitter.com/ldH8jfLXhf
November 29, 2021
Occasional Tweets: Economists ― dim-witted moralizers since the founding fathers
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) November 29, 2021
The history of economic thought is the history of scientific failure.
The profit theory is false since Adam Smithhttps://t.co/s3zlXjwArK pic.twitter.com/C3tZTSd456
Occasional Tweets: To this day, economists do not know the difference between opinion and knowledge
“There are always many different opinions and conventions concerning any one problem or subject-matter. This shows that they are not all true. For if they conflict, then at best only one of them can be true.” #Science is NOT about opinion but #Knowledge ⇒https://t.co/DH0Mw4sQER pic.twitter.com/TBwIP52ba6
— E.K-H (@AXECorg) November 29, 2021
November 28, 2021
Occasional Tweets: The economist
The history of economic thought is the history of scientific failure. #Economics is #FailedScience/#FakeScience. The representative #Economist is NOT a #Scientist but a #StandUpComedien in the #DisInfoTainment business.
— E.K-H (@AXECorg) November 28, 2021
→ #Economistshttps://t.co/EEHiabzomh pic.twitter.com/8J2UoFTN4m
November 27, 2021
Occasional Tweets: The fatal flaw
#Econ#FailedScience#FakeScience
— E.K-H (@AXECorg) November 27, 2021
The fatal flaw of #Economics is that the representative #Economist is too stupid for elementary #Algebra.
Macroeconomics: Economists are too stupid for sciencehttps://t.co/vTNWwrNUxA pic.twitter.com/D3lfOegvoE
November 26, 2021
Occasional Tweets: Economic textbooks ― pulp science
#Economics#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are mutually contradictory, axiomatically false, and materially/formally inconsistent.
— E.K-H (@AXECorg) November 26, 2021
To this day‡, economists have produced NOT ONE textbook that satisfies scientific standardshttps://t.co/Gw6Qa1CKtI pic.twitter.com/NR6pMV7oJD
November 25, 2021
Occasional Tweets: What killed macroeconomics? Economists?
#Economics
— E.K-H (@AXECorg) November 25, 2021
The history of economic thought is the history of scientific failure. #Economists are too stupid for the elementary #Algebra that underlies #MacroEconomics. Thus, they get the foundational concept of macroeconomic #Profit wrong.⇒https://t.co/vTNWwrNUxA pic.twitter.com/gEFPtrNEJg
Occasional Tweets: The futile attempt to recycle Bastiat
“Admired by sympathizers, reviled by opponents, his name might have gone down to posterity as the most brilliant economic journalist who ever lived.” For Schumpeter, “journalist” translates into “brain-dead blatherer” or “scientific zero.”
— E.K-H (@AXECorg) November 25, 2021