No matter how many times L.H. Summers waffles about rising demand & inelastic supply, the 3-sector #ProfitLaw says Q≡(G−T)+(I−S)+Yd which implies #PublicDeficitIsPrivateProfit, i.e. that #DeficitSpendingMoneyCreation is currently the #Oligarchy's main driver of #Profiteering. pic.twitter.com/YGaiLgx8IH— E.K-H (@AXECorg) March 30, 2022
March 30, 2022
Occasional Tweets: The representative economist still does not know how profiteering works
For more about profit see AXECquery.