Occasional Tweets: Economics ― the pluralism of idiotism (III)

 

The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and #MMT are axiomatically false and materially/formally inconsistent. #Economics is scientifically worthless. It's just #Pluralism of #Idiotism. pic.twitter.com/nWv0lbkuL3

— E.K-H (@AXECorg) May 31, 2022

For details of the big picture see cross-references Pluralism. 

Occasional Tweets: 2500+ ys after Aristotle defined things, economists still try to sell Oligarchy as Democracy

 

The correct designation for the current political system is #Oligarchy and NOT #Democracy. It thrives on #DeficitSpendingMoneyCreation = growing #PublicDebt. The #ProfitLaw implies #PublicDeficitIsPrivateProfit. These #FreeLunches are used to capture the State’s institutions. pic.twitter.com/fjY3KGc6By

— E.K-H (@AXECorg) May 31, 2022

Occasional Tweets: There is NO such thing as “logically sound economic reasoning”.

 

There is NO such thing as “logically sound economic reasoning”. Proof: bc Keynes was too stupid for the elementary #Algebra of #MacroFoundations, he got the concept of #Profit wrong. Bc of this, the whole analytical superstructure of #Macro/#Micro is scientifically worthless. pic.twitter.com/bXmjD4fUK9

— E.K-H (@AXECorg) May 30, 2022

Occasional Tweets: Economics as an example of the Weaponization of Everything

 

#Economics#EconomicWarfare

Green Transition is the code name for the geopolitical aggression of the self-styled #GoodWest against Russia. It is just another example of the #WeaponizationOfEverything (energy, food, water, money, law, entertainment, sport, art, culture, science). pic.twitter.com/Bp5SVH0WV9

— E.K-H (@AXECorg) May 30, 2022

For details of the big picture see cross-references Political Economics/Stupidity/Corruption 

Occasional Tweets: How economists messed up economics

 

The definitions of the foundational concepts of #Economics ― #Profit, #Income, #Saving ― are inconsistent, i.e. provably false. Because of this, the whole of economics is proto-scientific garbage.

The GDP-death-blow for the economics professionhttps://t.co/QJycQUh0Uj

— E.K-H (@AXECorg) May 30, 2022

For details of the big picture see cross-references Axiomatization and cross-references Methodology and cross-references Failed/Fake Scientists.

Occasional Tweets: There is no need to deconstruct economics ― it is long known to be axiomatically false

 

#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth

Bc #Keynes was too stupid for the elementary #Algebra of #MacroFoundations, he got the concept of #Profit wrong. Bc of this, the whole analytical superstructure of #Macro/#Micro is scientifically worthless pic.twitter.com/46snVPdW6x

— E.K-H (@AXECorg) May 29, 2022

Occasional Tweets: After 200+ years, the main achievement of economics is the perversion of science and politics

 

#Economics#FailedScience

Freedom is a political concept. #Economists who do not get tired of waving the flag of #Freedom/#Liberty are NOT #Scientist. They have NO idea how the #Economy works but are #AgendaPushers / #UsefulIdiots for the #Oligarchy. ⇒https://t.co/CPW3M1JQYK

— E.K-H (@AXECorg) May 27, 2022

For details of the big picture see cross-references Political Economics/Stupidity/Corruption and cross-references Proto-Science/Cargo Cult Science/Fake Science.

For more about Hayek see AXECquery.

Occasional Tweets: Dear practitioners, right policy depends on true theory

 

#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth

“Adam Smith was not a theoretical economist.” No. And because he never understood how the economy works his policy guidance NEVER has had sound scientific foundations. ⇒https://t.co/s3zlXjwArK pic.twitter.com/vO8W4FBMAt

— E.K-H (@AXECorg) May 25, 2022

Occasional Tweets: The so-called free market economy is sponsored by the state

 

#LearnEconomics

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, the policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. The so-called free #MarketEconomy runs on growing #PublicDebt i.e. is sponsored by the #State. pic.twitter.com/ZeHePxtDiz

— E.K-H (@AXECorg) May 24, 2022

Occasional Tweets: Economics is fake science for 200+ years

 

#Economics#FakeScience#Economists are NOT #Scientists but political #AgendaPushers / #UsefulIdiots. That becomes particularly clear in times of crisis when they unfurl their flag of allegiance.

How Europe Was Pushed Towards Economic Suicidehttps://t.co/FxNyydOb2G pic.twitter.com/jf70tkQ0QJ

— E.K-H (@AXECorg) May 22, 2022

For details of the big picture see cross-references Political Economics/Stupidity/Corruption. 

Occasional Tweets: The ultimate source of profit

 

#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth

The history of economic thought is the history of scientific failure. v Mises is NO exception.

The profit theory is false since Adam Smithhttps://t.co/s3zlXjwArK pic.twitter.com/1d2s6pkRLE

— E.K-H (@AXECorg) May 22, 2022

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AXEC® Profit Law and Balances Equation (with increasing complexity of the economy)

Occasional Tweets: About time for *conceptual* ground clearing

 

#FailedScience#FakeScience#Economists are too stupid for the simple #Algebra of #MacroFoundations. Because they get the foundational concept of #Profit wrong, both orthodox and heterodox economists have produced nothing but proto-scientific garbage for 200+ years. pic.twitter.com/yaKGzvXaOa

— E.K-H (@AXECorg) May 21, 2022

Occasional Tweets: Economists are creatures out of the swamp of inconclusiveness

 

That economic debates come to no conclusion but are recycled forever is NOT a bug but a feature. #Economists are NOT #Scientists but political #AgendaPushers and their preferred habitat is “where nothing is clear and everything is possible”. (Keynes) ⇒https://t.co/HCo552X9nb pic.twitter.com/vw5WVTLe40

— E.K-H (@AXECorg) May 19, 2022

Occasional Tweets: Liberal Democracy is the flag in which the oligarchy wraps itself

 

The current political system is an #Oligarchy. Congress is an integral part of it. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, #DeficitSpendingMoneyCreation (= growing public debt) secures the systemic self-alimentation with #Profit. pic.twitter.com/1Ml44PNypB

— E.K-H (@AXECorg) May 15, 2022

Occasional Tweets: The futile attempt to recycle economics textbooks

 

#Economics#FailedScience#FakeScience

Scientifically, economic textbooks have always been worthlesshttps://t.co/oeJi6gICRf

— E.K-H (@AXECorg) May 14, 2022

For more about textbooks see AXECquery. 

Occasional Tweets: The futile attempt to intimate that economics is the apex of science

 

#Economists are too stupid for the elementary #Algebra of #MacroFoundations and macro #Profit. They are NOT #Scientists but #Clowns / #UsefulIdiots / #AgendaPushers in the political #CircusMaximus. Economic policy guidance NEVER has had sound scientific foundations. pic.twitter.com/FEokNTh1Ox

— E.K-H (@AXECorg) May 13, 2022

Occasional Tweets: The futile attempt to recycle long-refuted macrofoundations

 

#Economics#Keynes messed up #MacroFoundations and macroeconomic #Profit because he was too stupid for elementary #Algebra. He was NOT a #Scientist but a political #AgendaPusher. Same for Kalecki.

Kalecki and Keynes: The double macroeconomic false starthttps://t.co/NVpmqGFy1m

— E.K-H (@AXECorg) May 13, 2022

Occasional Tweets: For 200+ years, economics is a failed science because economists violate the foundational principle of the separation of science and politics

 

#Economics

The #Economist as a #Scientist has NO political mandate. Fact is, though, that #Economics is #FailedScience / #FakeScience and economists are NOT #Scienstists but stupid/corrupt #Clowns / #AgendaPushers / #UsefulIdiots in the political #CircusMaximus. pic.twitter.com/dCGvgvaeU2

— E.K-H (@AXECorg) May 13, 2022

For details of the big picture see cross-references Political Economics/Stupidity/Corruption. 

Occasional Tweets: Since the founding fathers, economists are not scientists but silly political flag wavers

 

#Economics#FailedScience#FakeScience

Obviously, the ideas of #Science or #Truth NEVER impacted you. As a rule, #Economists are NOT #Scientists but #Clowns / #UsefulIdiots / #AgendaPushers in the political #CircusMaximus. pic.twitter.com/1TA4Q6ljHH

— E.K-H (@AXECorg) May 10, 2022

For details of the big picture see cross-references Political Economics/Stupidity/Corruption. 

Occasional Tweets: Economists and math ― they just don't get it

 

#Economists are too stupid for the elementary #Algebra of #MacroFoundations and macro #Profit. They are NOT #Scientists but #Clowns / #UsefulIdiots / #AgendaPushers in the political #CircusMaximus. Economic policy guidance NEVER has had sound scientific foundations. pic.twitter.com/H58kp4rFzU

— E.K-H (@AXECorg) May 9, 2022

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

Occasional Tweets: If you think academic economics is about lucrative returns you are certainly wrong

 

#Economics#FailedScience#FakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and #MMT are axiomatically false. #Economics is NOT #Science, #Economists are NOT #Scientists. Economics has NO truth-value, only political use-value. ⇒https://t.co/4NuqfCXX3q pic.twitter.com/Vb5LVCPfVE

— E.K-H (@AXECorg) May 9, 2022

For details of the big picture see cross-references Political Economics/Stupidity/Corruption and cross-references Proto-Science/Cargo Cult Science/Fake Science and cross-references The Representative Economist.

Occasional Tweets: The futile attempt to recycle Adam Smith (IV)

 

#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth

The history of economic thought is the history of scientific failure.

The profit theory is false since Adam Smithhttps://t.co/s3zlXjx8hi pic.twitter.com/WY36sxPWM3

— E.K-H (@AXECorg) May 8, 2022

Occasional Tweets: The scientific value of economics titles is zero

 

#Economics#FailedScience#FakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and #MMT are axiomatically false. #Economics is NOT #Science, #Economists are NOT #Scientists. Both micro and macro folks have to return their titles. ⇒https://t.co/kCwE4nq1Ko pic.twitter.com/HQsPDistT5

— E.K-H (@AXECorg) May 8, 2022

Occasional Tweets: The futile attempt to recycle Post Keynesianism (I)

 

#Economics#FailedScience#FakeScience

The history of economic thought is the history of scientific failure.

Keynes and Post Keynesians ― too stupid for sciencehttps://t.co/f5O5J8bmWI

— E.K-H (@AXECorg) May 7, 2022

For more about Post Keynesianism see AXECquery. 

Occasional Tweets: The futile attempt to recycle IS-LM (I)

 

#LearnEconomics

All IS-LM models are axiomatically false.

Cross-references Refutation of I=Shttps://t.co/TGGYpnS9sG pic.twitter.com/XcgoaUGWSN

— E.K-H (@AXECorg) May 7, 2022

Occasional Tweets: Economics, communication, disinformation

#Economics

#FailedScience

#FakeScience

#MetaCommunication

#EconTwitter

#Economists have no idea how the #Economy works. So they communicate self-referentially about whether their communication is fine/toxic. ⇒

Economics: communication without content

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Communication / Disinformation / Disinfotainment

• How Adam Smith messed up economics
• Gossip economics
• Economics, communication, disinformation
• Heterodox economics ― stupidity, masochism, or disinformation?
• Economics: Stories, narratives, and disinformation
• Economic narratives cause severe mental damage
• Economists are NOT scientists but stupid/corrupt storytellers
• Not all academic pursuits are science
• Economic narratives are for the scientific garbage dump
• Circus Maximus: Economics as entertainment, personality gossip, virtue signaling, and lifestyle promotion
• Profit analysis ― another exercise in economic deception
• How to spot economics trolls
• The economist as storyteller
• Dialectic: the swampies’ methodology of choice
• If religion is opium of the people, economics is crack of the people
• Economics as storytelling and entertainment for the masses
• Urgent: Taking politics out of economics
• Economics: A pointless left-right wrestling show
• You don’t see what you don’t see: censorship in the econblogosphere
• The inexorable Paradigm Shift in economics
• Beware of the moralizing economist
• Supply-demand-equilibrium ― employment theory as an example of proto-scientific soap bubbling
• The Supreme Being handed over these Twelve Economics Commandments
• Ricardo, too, got profit theory wrong
• Economics for believers
• Again and again: economists are incompetent scientists
• This is New Economic Thinking? Give me a break!
• On econblogosphere bias
• Economics is NOT a misunderstanding but cargo cultic crap
• Economists: Incompetent? Stupid? Corrupt?
• Economics ― worse than fake
• Economics ― a Zombie wrestling show
• FakeNews, FakeScience: economics in the information age
• Economics: Science or cheap talk?

For more about disinfotainment see AXECquery.

Occasional Tweets: Economists do not know what profit is

 

#Economics#FailedScience#FakeScience

The history of economic thought is the history of scientific failure. To this day, #Economists do not know what #Profit is.

The profit theory is false since Adam Smithhttps://t.co/s3zlXjwArK pic.twitter.com/Pl3atAotxH

— E.K-H (@AXECorg) May 4, 2022

For details of the big picture see cross-references Profit/Distribution. 

Occasional Tweets: MMT ― another phony solidarity with the workers

 

The #MMT #Solidarity with #Workers is phony. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy.

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

— E.K-H (@AXECorg) May 2, 2022

For details of the big picture see cross-references MMT. 

Occasional Tweets: Economics and the weaponization of science/ethics

 Bc #Economics is #FailedScience/#FakeScience, economic policy guidance NEVER has had sound scientific foundations. Worse, bc of the separation of #Politcs/#Science, #Economists have NO political mandate, to begin with. They are just #UsefulIdiots in the political #CircusMaximus. pic.twitter.com/OjUFF82zQ4

— E.K-H (@AXECorg) May 1, 2022

For more about ethics see AXECquery.

For more about science see AXECquery.