AXEC: New Foundations of Economics

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.

February 6, 2022

Occasional Tweets: MMT ― a victory for whom?

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S) implies #PublicDeficitIsPrivateProfit. So, the #MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. That's not exactly a victory of #WeThePeople.

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

— E.K-H (@AXECorg) February 6, 2022


Related 'Keynesianism as ultimate profit machine' and 'Keynes, Kalecki, MMT, and the accidental invention of the perpetual profit machine' and 'Keynes, Lerner, MMT, Trump, Biden, and exploding profit' and 'How Keynesians, Lernerians, MMTers make the Oligarchy great'
AXEC / E.K-H at 2/06/2022 07:03:00 PM
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