#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) August 31, 2022
Narrative economics and the imperatives of the sitcomhttps://t.co/zc99rWEnTK
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.
August 31, 2022
Occasional Tweets: The role of narratives and storytelling in economics (I)
Occasional Tweets: Economics ― after 200+ years of disinfotainment it is about time to advance to science
Bc #Politics corrupts everything it has to be strictly separated from #Science
— E.K-H (@AXECorg) August 31, 2022
• #Politicians have NOTHING to say in scientific matters.
• #Scientists have NOTHING to say in political matters.
For 200+ ys now, #Economists are #DisInfoTainment #Clowns in the #CircusMaximus. pic.twitter.com/eWoKoqLwJb
Occasional Tweets: Time to bury Lionel Robbins at the Flat-Earth-Cemetery
#Economics#FailedScience#FakeScience#Reset
— E.K-H (@AXECorg) August 31, 2022
Some folks still cling to Lionel Robbins' definition of economicshttps://t.co/IZH4sVuY0o
New definition: “Economics is the science which studies how the monetary economy works.” pic.twitter.com/39mqRjgRjY
Occasional Tweets: Applause trolling ― the social media pestilence
#DearApplauseTroll
— E.K-H (@AXECorg) August 31, 2022
Nice try to promote Steve Keen who
⇒ NEVER understood how the #Economy workshttps://t.co/WP0GvLkq4d
⇒ recently teamed up with #MMTers. #MMT pushes a #FreeLunch agenda for the #Oligarchyhttps://t.co/juNxI7h3I8
⇒ is an #EconBlocker aka #FakeScientist. pic.twitter.com/pFy1F1dgLg
August 30, 2022
Occasional Tweets: The futile attempt to sell MMT on TiKTok
#MMT
— E.K-H (@AXECorg) August 30, 2022
The page where Stephanie Kelton gets macroeconomics wrong https://t.co/CNFDkXM1Ki
MMT is refuted on all counts, cross-referenceshttps://t.co/9Rldtrw2J1
MMT is a political fraud and this holds also for the #TikTok version. pic.twitter.com/ipksuYgJGv
August 28, 2022
Occasional Tweets: How to define capitalism without knowing what profit is
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) August 28, 2022
The dirty secret of Capitalism: Capitalists have NO idea how the economy workshttps://t.co/jlB1gDW6P0 pic.twitter.com/SOhSh9O1M4
Occasional Tweets: How to pay for the war (I)
#Economics#EconomicWarfare#HowToPay
— E.K-H (@AXECorg) August 28, 2022
GER/EUR is via NATO at war with RUS. In order to pay for the war, GOVs usually increase #Inflation, #Levies, #PublicDebt. In real terms, #WeThePeople bears ALL the costs. The general #Impoverishment hits first those at the economic margin.
Occasional Tweets: The most negative thing that can be said about economics
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) August 28, 2022
The most negative thing that can be said for all studies of income distribution is that #ProfitTheory and, as a consequence, #DistributionTheory are provably false since Adam Smith.
Cross-referenceshttps://t.co/2jMouDhWzk pic.twitter.com/eRUQo8aiBe
August 27, 2022
Occasional Tweets: Yes, the Paradigm Shift in economics is inevitable, but what does it look like?
#Economics#FailedScience#FakeScience#Reset
— E.K-H (@AXECorg) August 27, 2022
For the #ParadigmShift from silly neoclassical #MicroFoundations and dumb Keynesian #MacroFoundations to the true set of macroeconomic #Axioms see cross-referenceshttps://t.co/rf8n0x2Gt0 pic.twitter.com/8jj9Ige2Kt
Occasional Tweets: Economists are not scientists but agenda pushers, warmongers, useful idiots, and clowns in the political Circus Maximus
Bc #Politics corrupts everything it has to be strictly separated from #Science
— E.K-H (@AXECorg) August 27, 2022
• #Politicians have NOTHING to say in scientific matters.
• #Scientists have NOTHING to say in political matters.
For 200+ ys, #Economists are #UsefulIdiots / #Clowns in the political #CircusMaximus. pic.twitter.com/OgZcMGAkR2
August 25, 2022
Occasional Tweets: Economists are not scientists but storytellers (II)
#Economics#FailedScience#FakeScience#DisInfoTainment
— E.K-H (@AXECorg) August 25, 2022
Economics as storytelling and entertainment for the masseshttps://t.co/SbHCzArwe3
Occasional Tweets: Macrofoundations ― the Council of Economic Advisers, too, is clueless
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) August 25, 2022
The GDP-death-blow for the economics professionhttps://t.co/QJycQUyBLR
Occasional Tweets: Economics degrees are worthless in all dimensions
The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false & materially/formally inconsistent. #Economics is scientifically worthless. #Economics degrees are economically worthless. pic.twitter.com/7xSeVxDS4H
— E.K-H (@AXECorg) August 25, 2022
Occasional Tweets: There is no such thing as economic sciences (II)
#Economics#FailedScience#FakeScience#Economists#ScientificIncompetence
— E.K-H (@AXECorg) August 25, 2022
Neoclassical growth theory: modeling gone nutshttps://t.co/NduWkTKtGr#NoFalseHeroMemorials pic.twitter.com/yeo7K0eY95
Occasional Tweets: Economics― the pluralism of idiotism (V)
#PluralismOfIdiotism.#Economics does NOT need the #Pluralism of false theories but the true theory. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT, are mutually contradictory, axiomatically false, and materially/formally inconsistent. ⇒https://t.co/ApiTWBu3EN pic.twitter.com/PjU9xcrEVI
— E.K-H (@AXECorg) August 25, 2022
Occasional Tweets: Sneakingly feeding the Oligarchy by supposedly helping the needy
The #USA does NOT “tax the shit out of their citizens” but applies #DeficitSpendingMoneyCreation. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the #DeficitSpendingMoneyCreation policy is a permanent #FreeLunch for the US #Oligarchy. pic.twitter.com/peM5AVkAld
— E.K-H (@AXECorg) August 25, 2022
August 24, 2022
Occasional Tweets: There is no way around a Paradigm Shift
#LearnEconomics#Reset
— E.K-H (@AXECorg) August 24, 2022
For the #ParadigmShift from silly neoclassical #MicroFoundations and dumb Keynesian #MacroFoundations to the true set of macroeconomic #Axioms see cross-referenceshttps://t.co/rf8n0xkPH8 pic.twitter.com/y6pwioSJ9f
August 23, 2022
Occasional Tweets: The horror of economics imperialism
#Economics#FailedScience#FakeScience#Economists have a #Comment / #Opinion on everything, but scientific #Knowledge of nothing. This #Horror is known as #EconomicsImperialism.
— E.K-H (@AXECorg) August 23, 2022
Economists: Jacks-of-all-trades ― except economicshttps://t.co/cChZwVrq7J
Occasional Tweets: The futile attempt to suggest that economics is a science
#Economics is not ― and never has been ― about #Science / #Truth / #Knowledge. It is about #AgendaPushing for the #Oligarchy. #Economists are #Clowns / #UsefulIdiots in the #CircusMaximus.
— E.K-H (@AXECorg) August 23, 2022
Economics is faux science ― the real problem with the EconNobelhttps://t.co/LN8w0j58m0 pic.twitter.com/NYis1azQeE
August 19, 2022
Occasional Tweets: Since Adam Smith, economists get the relationship between profit/income and performance wrong
Bc #ProfitTheory is false since Adam Smith #DistributionTheory, too, is false.
— E.K-H (@AXECorg) August 19, 2022
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #PrivateFinancialWealth grows in lockstep with #PublicDebt.#Distribution has NOTHING to do with #Performance. pic.twitter.com/4ZYNQjvmpc
Occasional Tweets: How #WeThePeople always and everywhere pay for the war
GER/EUR is via NATO at war with RUS. In order to pay for the war, GOV increases #Inflation, #Taxes, #PublicDebt. In real terms, #WeThePeople bears ALL the costs but GOV tries to obfuscate this fact. The only way to end #Impoverishment is to end the war.⇒https://t.co/A9RP6CFRDi
— E.K-H (@AXECorg) August 19, 2022
August 18, 2022
Occasional Tweets: Surely you're joking, Mr. AXEC!
#FailedScience#FakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false & materially/formally inconsistent. The foundational concept of #Profit is provably false. #Economics is scientifically worthless. ⇒https://t.co/QJycQUhyJR pic.twitter.com/Ia1izlxHRg
— E.K-H (@AXECorg) August 18, 2022
Occasional Tweets: Just so you know, economics is about who should rule society
The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false & materially/formally inconsistent. #Economics is scientifically worthless. #Economists are #Clowns in the #CircusMaximus.
— E.K-H (@AXECorg) August 18, 2022
Occasional Tweets: Economic Ethics, too, has been politically weaponized
Bc #Politics corrupts everything it has to be strictly separated from #Science
— E.K-H (@AXECorg) August 18, 2022
• #Politicians have NOTHING to say in scientific matters.
• #Scientists have NOTHING to say in political matters.
For 200+ ys, #Economists are #UsefulIdiots / #Clowns in the political #CircusMaximus. pic.twitter.com/MmBDkyGNRa
Occasional Tweets: There is no such thing as 'great economic thinkers'
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) August 18, 2022
The history of economic thought is the history of scientific failure. #Economists are NOT #Scientists but #Clowns / #UsefulIdiots in the political #CircusMaximus.
What it takes to become a great economisthttps://t.co/HVcY8apfri pic.twitter.com/oEpwNYNEp4
August 17, 2022
Occasional Tweets: Economics is neither a dismal nor a tragic science, it is not science at all because it is provably false
#Economics is neither dismal nor tragic. 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. pic.twitter.com/GEhkchC0sp
— E.K-H (@AXECorg) August 17, 2022
Occasional Tweets: MMT is just another proof that economics is failed/fake science
#MMT
— E.K-H (@AXECorg) August 17, 2022
The page where Stephanie Kelton gets macroeconomics wrong https://t.co/CNFDkXM1Ki
The Kelton Fraudhttps://t.co/BN9izLduPa
MMT is refuted on all counts, cross-referenceshttps://t.co/9Rldtrw2J1
S.Kelton is academic fraud. MMT is a political fraud. pic.twitter.com/G8rN0T5YQJ
Occasional Tweets: Why do economists still take part in academic games, knowing that they are rigged?
#Econ#FailedScience#FakeScience
— E.K-H (@AXECorg) August 17, 2022
Why are you participating in the #Hoax? #Economics is NOT #Science but #AgendaPushing for the #Oligarchy. #Academia has been weaponized long ago. Accordingly, #PeerReview has the function of #Gatekeeping. pic.twitter.com/28zhD9t4X3
Occasional Tweets: The representative economist is not a scientist but an agenda-pusher (II)
#Economics#FakeScience#WeThePeople are NOT in #Solidarity with those politicians who planned/initiated the #GasCrisis & those who promote #EconomicWarfare & those who burden the population with war costs & those #Economists who hand out #SolidarityPlacebos for economic ruin.
— E.K-H (@AXECorg) August 17, 2022
Occasional Tweets: How comes that economists do not know how the economy works?
80+ years ago, #Keynes messed up #MacroEconomics because he was too stupid for elementary #Algebra, but the 250 PHDs in the Fed have not realized anything to this very day. Bc of #Economists' utter incompetence, economic policy guidance NEVER has had sound scientific foundations. pic.twitter.com/lQvc2wFuAh
— E.K-H (@AXECorg) August 16, 2022
August 14, 2022
Occasional Tweets: Macroeconomic policy presupposes true macroeconomic theory
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) August 14, 2022
Macroeconomics ― still dead after 80+ yearshttps://t.co/D20TrmDMsi pic.twitter.com/fSOBCZRS1w
Occasional Tweets: Thinking is not the strong suit of economists but moralizing is
The history of economic thought is the history of scientific failure. #Economists cannot think. They are too stupid for the elementary #Algebra of macroeconomic #Profit. But even the dumbest person can moralize. This is what economists do since A.Smith. ⇒https://t.co/1Lah1q9N4q pic.twitter.com/YgBYsCsTkL
— E.K-H (@AXECorg) August 14, 2022
Occasional Tweets: A running gag for 200+ years ― economists wonder at the richness of the rich
#DearIdiots#LearnEcon
— E.K-H (@AXECorg) August 14, 2022
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #PrivateFinancialWealth grows in lockstep with #PublicDebt which is the permanent interest #CashCow for the #Oligarchy. The richness of the rich is produced by CB/Treasury. pic.twitter.com/iqfTPYF2ZS
Occasional Tweets: The futile attempt to recycle the fake scientist/liberty flagwaver von Mises
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) August 14, 2022
Freedom/Liberty are political concepts. #Profit is the foundational economic concept. von Mises never understood what profit is. Obviously, he was NOT a #Scientist but a stupid/corrupt #AgendaPusher in the political #CircusMaximus. pic.twitter.com/bIin2ME9BF
August 13, 2022
Occasional Tweets: The futile attempt to recycle the Socialist Calculation Debate
The history of economic thought is the history of scientific failure. Forget the Socialist Calculation Debate. To this day, #Economists are too stupid to calculate macroeconomic #Profit. Bc the foundational concept is false, all the rest of #Economics is proto-scientific garbage.
— E.K-H (@AXECorg) August 13, 2022
August 12, 2022
Occasional Tweets: Economists can't think
#Economics#FailedScience#FakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and #MMT are mutually contradictory, axiomatically false, and materially/formally inconsistent. ⇒https://t.co/TFBLLcMHx3 pic.twitter.com/Uf9B8QEmA6
— E.K-H (@AXECorg) August 12, 2022
Occasional Tweets: Economists ― lousy scientists but brave fighters for the little guy
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) August 11, 2022
An #Economist who proposes higher financial support for a social group is obliged to tell whether the money comes from higher taxation or deficit spending. The latter increases macroeconomic #Profit. pic.twitter.com/uOxubh3gSH
August 11, 2022
Occasional Tweets: What you can learn from economics ― nothing about how the economy works
#Economics is about how the economic #System works. So
— E.K-H (@AXECorg) August 11, 2022
Economics is NOT a social sciencehttps://t.co/zJHeQboYGH
and NOT a science of individual behaviorhttps://t.co/MzGiF9gpXa
To this day, #Economists do NOT know how the #Economy works.
August 10, 2022
Occasional Tweets: The percentage of #EconBlockers in academia is sky-high
#Economics#FailedScience#FakeScience#EconBlocker#Economists are NOT #Scientists but #AgendaPushers / #UsefulIdiots / #Clowns in the political #CircusMaximus. Accordingly, the percentage of stupid/corrupt #EconBlockers in #Academia is sky-high.⇒https://t.co/HxRRSoiWJi
— E.K-H (@AXECorg) August 10, 2022
Occasional Tweets: Economics is not science but disinfotainment (II)
#FailedScience#FakeScience
— E.K-H (@AXECorg) August 10, 2022
Why do #Economists always exhibit their unspeakable personal/private BS? And why is academic #Economics such a silly #ShitShow? And why do they tirelessly beclown #WeThePeople?
Economics is not #Science but #DisInfoTainmenthttps://t.co/VS9E1xn8K4 pic.twitter.com/PolUN8JMfV
Occasional Tweets: Economics is agenda pushing in the garb of science
#Economics#FakeScience
— E.K-H (@AXECorg) August 10, 2022
The history of economic thought is the history of scientific failure. To hype up the clueless historian Stefan Kolev in Princeton before he goes to Berlin seems to be a new attempt to abuse #Academia for political #AgendaPushing.⇒https://t.co/tcf7JJQr5o pic.twitter.com/hKOudbPdQA
August 9, 2022
Occasional Tweets: The market economy hangs on the Treasury-Fed ventilator
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Growing #PublicDebt is the lifeblood of the #MarketEconomy that is artificially kept alive by the #Treasury / #Fed ventilator. pic.twitter.com/A7LseJ4vJ7
— E.K-H (@AXECorg) August 9, 2022
Occasional Tweets: Another futile attempt of economists to hype themselves
The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are #FakeScience. #Economists are #UsefulIdiots / #Clowns in the political #CircusMaximus. But the Boettkes & Rothbards still pretend otherwise. pic.twitter.com/eDJVkuqz5w
— E.K-H (@AXECorg) August 9, 2022
August 8, 2022
Occasional Tweets: EconoFact #1 Economists are not scientists
#Economics is failed/fake science. The major approaches are axiomatically false and materially/formally inconsistent. Economic policy guidance NEVER has had sound scientific foundations. #Economists are NOT #Scientists but #UsefulIdiots / #Clowns in the political #CircusMaximus. pic.twitter.com/sMayieRbCW
— E.K-H (@AXECorg) August 8, 2022
Occasional Tweets: How Oligarchy works
#Economics
— E.K-H (@AXECorg) August 8, 2022
The US political system, too, is an #Oligarchy. Congress/Treasury/Fed are integral parts of it. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the growth of #PublicDebt delivers the #Money to buy out ALL kinds of #Institutions. pic.twitter.com/3koFKciRNq
August 7, 2022
Occasional Tweets: The futile attempt to sell agenda-pushing as science
#Economics
— E.K-H (@AXECorg) August 7, 2022
The history of economic thought is the history of scientific failure. #Economists are NOT #Scientists but #AgendaPushers / #UsefulIdiots / #Clowns in the political #CircusMaximus. #UChicago is one of the best-known examples of #FakeScience. pic.twitter.com/DHd9F1W9hz
August 5, 2022
Occasional Tweets: Economics is not science, economists are not scientists but politically useful idiots
The idea to turn off the gas tap and create a #GasCrisis was originally (2016) by R.Habeck. It was supported by the #KillNordstream / #BringRussiaToTheKnees crowd that includes tons of #Economists (@ben_moll @monikaturyna @BachmannRudi @christianbaye13 @jsuedekum @GFelbermayr …)
— E.K-H (@AXECorg) August 5, 2022
Occasional Tweets: The futile attempt to recycle Paul Samuelson
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) August 5, 2022
The history of economic thought is the history of scientific failure.
The father of modern economics and his imbecile kidshttps://t.co/VQB9guKfgB#NoFalseHeroMemorials
August 4, 2022
Occasional Tweets: "Rubbish is rubbish, but the history of rubbish is scholarship" (Haack)
#Economics
— E.K-H (@AXECorg) August 4, 2022
The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and #MMT are axiomatically false and materially/formally inconsistent. The notion of #EconomicSciences was never more than a propaganda hoax. pic.twitter.com/5ZbwI3AGbd
August 3, 2022
Occasional Tweets: People have no idea what profit is, neither do economists
#FailedScience
— E.K-H (@AXECorg) August 3, 2022
Since the founding fathers, #Economists have no idea what #Profit is. So, #Economics is scientifically worthless. As a consequence, whatever economists have filibustered about the so-called #FreeMarketEconomy is proto-scientific garbage.⇒https://t.co/j7GUTzzeIW pic.twitter.com/Sx4Wndmlmq
Occasional Tweets: Economics is not science, economists are not scientists
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) August 3, 2022
Links on Paul Krugman, proto-scientific impresariohttps://t.co/RRYQuNSgTU pic.twitter.com/zHX0ZTPPHJ
Occasional Tweets: Why do economists beclown #WeThePeople 24/7?
#FailedScience#FakeScience
— E.K-H (@AXECorg) August 3, 2022
Why do #Economists always exhibit their unspeakable personal/private BS? And why is academic #Economics such a silly #ShitShow? And why do they tirelessly beclown #WeThePeople?
Economics is not #Science but #DisInfoTainmenthttps://t.co/VS9E1xn8K4 pic.twitter.com/l50HPJRzW8
August 2, 2022
Occasional Tweets: Economics ― scientific integrity is missing (I)
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) August 2, 2022
Economics is NOT #Science. Economists are NOT #Scientists but #Clowns / #AgendaPushers / #UsefulIdiots in the political #CircusMaximus.
Feynman Integrity, fake science, and the econblogospherehttps://t.co/WaJBU0Oa6L pic.twitter.com/lrqu0VG0Df
Occasional Tweets: Economics ― the pluralism of idiotism (IV)
#PluralismOfIdiotism.#Economics does NOT need the #Pluralism of false theories but the true theory. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT, are mutually contradictory, axiomatically false, and materially/formally inconsistent. ⇒https://t.co/ApiTWBLF3n pic.twitter.com/RqUSGmxnkv
— E.K-H (@AXECorg) August 2, 2022
August 1, 2022
Occasional Tweets: Economics ― a clown show since Adam Smith
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) August 1, 2022
Economics is NOT #Science. Economists are NOT #Scientists but #Clowns / #AgendaPushers / #UsefulIdiots in the political #CircusMaximus.
Rudi Bachmann and Andreas Botsch are #EconBlockers pic.twitter.com/yeYSllLwOB
Occasional Tweets: The futile attempt to recycle microfoundations
#Economics#FailedScience#FakeScience#MicroFoundations#Reset#MacroFoundations
— E.K-H (@AXECorg) August 1, 2022
Forget Lucas & Sargent. They have been buried long ago at the darkest corner of the Flat-Earth-Cemetery.
Microfoundations are dead for 150+ years: high time to move onhttps://t.co/p4HbMvAbKM pic.twitter.com/cJ5XMRtjLR