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

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