Occasional Tweets: Economics cannot be studied as a science because it has yet to be created as such

 

#Economics#FailedScience#FakeScience

The history of economic thought is the history of scientific failure. #Economics is NOT #Science bc #Economists are NOT #Scientists but #AgendaPushers / #UsefulIdiots / #Clowns in the political #CircusMaximus. pic.twitter.com/T6Vrh3lg0D

— E.K-H (@AXECorg) September 30, 2022

Occasional Tweets: To this day, economists cannot tell how the economy works

 

#Economics#FakeScience#Economists#StupidOrCorruptOrBoth

An #Economist cannot draw up a list of macroeconomic #Axioms and consequently not tell how the #Economy works. Discuss the implications. pic.twitter.com/gLiwJjrJFA

— E.K-H (@AXECorg) September 30, 2022

Occasional Tweets: Economists do not solve problems, they are the problem

 

The #PreisDeckel does NOT deliver #Gas. But #Profit explodes with the 200b€ #Doppelwumm bc of the 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd that implies #PublicDeficitIsPrivateProfit. #NapoleonRule: “When there are serious problems to solve, keep economists out of the way.” pic.twitter.com/dwvYGVqi8p

— E.K-H (@AXECorg) September 30, 2022

Occasional Tweets: How to avoid being deceived by economists

 

#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth

The history of economic thought is the history of scientific failure. Remember what Joan Robinson said: “Scrap the lot and start again.” pic.twitter.com/EjQp2mnEeW

— E.K-H (@AXECorg) September 30, 2022

Occasional Tweets: Economists celebrate social-democratic Chancellor for exploding macroeconomic profit

 

This is NOT a great achievement of the #Bundesregierung. #DeficitSpendingMoneyCreation is the simplest trick from the economic #BagOfTricks. It does not solve any real problems but bc of the 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd it delivers a #FreeLunch for the #Oligarchy. pic.twitter.com/HuJ3ChnMfp

— E.K-H (@AXECorg) September 29, 2022

Related: 'Keynes, Kalecki, MMT, and the accidental invention of the perpetual profit machine' 

Occasional Tweets: Don't worry about growing public debt, actually it is a good thing ― for the Oligarchy

 

Why do the #Economists on the #Payroll of the #FT not worry about increasing #PublicDebt?

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

That's why.https://t.co/XX5wLu3cSJ pic.twitter.com/nX2NwHvNkh

— E.K-H (@AXECorg) September 29, 2022

Occasional Tweets: Austrianism ― flag-waving for Liberty & Peace

 

#FailedScience#FakeScience

To waive the flags of #Liberty & #Peace is NOT #Economics and NOT #Science. #Economists are NOT #Scientists but #AgendaPushers / #UsefulIdiots / #Clowns in the political #CircusMaximus. Of all that proto-scientific garbage, #Austrianism is the worst. pic.twitter.com/D16aPbtavy

— E.K-H (@AXECorg) September 29, 2022

Occasional Tweets: Perception management is not economics but economists do nothing else

 

#PerceptionManagement is NOT the task of #Economists but of the #DisInfoTainment trolls. #Econ's proper task is to figure out how the #Economy works. #Economics is #FailedScience / #FakeScience bc economists are just #Clowns / #UsefulIdiots in the political #CircusMaximus. pic.twitter.com/tHjJSUM5zH

— E.K-H (@AXECorg) September 28, 2022

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

Occasional Tweets: It is not freedom that keeps the market economy running

 

The US/EU political system is an #Oligarchy. Parliament/Treasury/CBank/Business are integral parts of it. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. The permanent growth of #PublicDebt generates the #Cash to keep the #MarketEconomy running. pic.twitter.com/UXIsGKQzko

— E.K-H (@AXECorg) September 27, 2022

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

Occasional Tweets: Gov & BoE do the Oligarchy's distributional hat-trick ― profit up, interest up, taxes down

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. If tax T goes to #Min and spending G goes to #Max, macroeconomic #Profit Q goes to #Maximum. Upping the #Interest rate on #PublicDebt is also fine for the #Oligarchy. Gov&BoE are doing a good job. pic.twitter.com/HUpXahnp2m

— E.K-H (@AXECorg) September 27, 2022

Occasional Tweets: Economic madness or government/central bank just doing their jobs?

 

#LearnEconomics

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. If tax T goes to #Min and spending G goes to #Max, macroeconomic #Profit Q goes to #Maximum. UK GOV and BoE are just doing their jobs. pic.twitter.com/cHaLdnStkJ

— E.K-H (@AXECorg) September 27, 2022

Occasional Tweets: What is "the Fed's one true mandate"?

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. The policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. The “Fed's one true mandate” is to produce macro #Profit.

Criminals and the monetary orderhttps://t.co/Iq1lVxfnnz pic.twitter.com/PUeKioUCaF

— E.K-H (@AXECorg) September 27, 2022

Occasional Tweets: Economics ― the use of fake science in a democratic society

 

#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false & materially/formally inconsistent. Therefore, economic policy guidance NEVER has had sound scientific foundations. #Economists are just #Clowns / #UsefulIdiots in the political #CircusMaximus. pic.twitter.com/RefR8LGUMn

— E.K-H (@AXECorg) September 27, 2022

Occasional Tweets: Economics is not about how humans behave but about how the economic system behaves

 

#Economics#FailedScience#FakeScience#MicroFoundations#ParadigmShift#MacroFoundations

New definition: “Economics is the science which studies how the monetary economy works.” pic.twitter.com/tQ0axT1kX8

— E.K-H (@AXECorg) September 26, 2022

For details of the big picture see cross-references Paradigm Shift. 

Occasional Tweets: Deficit, debt, profit, interest, and agenda-pushing for the Oligarchy

 

#LearnEconomics

Do higher public debt levels increase macroeconomic #Profit?

Yes!

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. pic.twitter.com/JKvIA3wHXI

— E.K-H (@AXECorg) September 26, 2022

Occasional Tweets: Economics ― neither soul nor brain

 

#Economics#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false & materially/formally inconsistent. Therefore, economic policy guidance NEVER has had sound scientific foundations. #Economics is NOT seelenlos/soulless but hirnlos/brainless.

— E.K-H (@AXECorg) September 26, 2022

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

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

 

#Economics#FailedScience#FakeScience

Adam Smith NEVER understood what #Profit is or how the economic #System works. He was NOT a #Scientist but a #PhilosopherOfLife aka political #BrainWasher.

The profit theory is false since Adam Smithhttps://t.co/s3zlXjx8hi pic.twitter.com/xI5v3dOQrs

— E.K-H (@AXECorg) September 26, 2022

Occasional Tweets: Economists violate the foundational principle of science for 200+ years

 

Because #Politics corrupts everything it has to be strictly separated from #Science

• #Politicians have NOTHING to say in scientific matters.
• #Scientists have NOTHING to say in political matters.#Economists violate the basic #Principle of #Science for 200+ years. pic.twitter.com/lKx6u9PNbz

— E.K-H (@AXECorg) September 25, 2022

Occasional Tweets: The history of economic thought is the history of scientific failure (V)

 

#Econ#FakeScience

The history of economic thought is the history of scientific failure. Most #Economists are NOT #Scientists but political #AgendaPushers. #Historians are not any better.

NOUS Network is an #EconBlocker.#EconBlockers violate the Code of Professional Conduct. pic.twitter.com/WBI3VUF9A7

— E.K-H (@AXECorg) September 25, 2022

Occasional Tweets: Economics has been captured long ago by political agenda pushers

 

#Economics claims to be #Science but isn't. #Econ has been captured long ago by #AgendaPushers. As a result, it is #FailedScience/ #FakeScience since Adam Smith. 'No one should think that' #Economists are anything else than #UsefulIdiots / #Clowns in the political #CircusMaximus. pic.twitter.com/9WdwjAhNZz

— E.K-H (@AXECorg) September 24, 2022

Occasional Tweets: Who pays for the war? ― WeThePeople

 

#Econ#HowToPay

GER is via NATO at war with RUS. In order to pay for the war, GOV applies a combination of increased #Inflation, #Taxes, #PublicDebt. In real terms, #WeThePeople bears ALL the costs. GOVs help for those at the #Poverty margin is borne by the rest of #WeThePeople.

— E.K-H (@AXECorg) September 24, 2022

Occasional Tweets: There is no such thing as central bank independence (I)

 

The UK political system is an #Oligarchy. Parliament/Treasury/BoE/Banks/Business are integral parts of it. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Growth of #PublicDebt delivers the #Cash to keep things running. BoE is NOT independent. pic.twitter.com/mWnbJtojom

— E.K-H (@AXECorg) September 24, 2022

Occasional Tweets: Most economists are not scientists but political agenda pushers (V)

 

#Economics#EconomicWarfare#AgendaPushing

Whenever #Economists lecture the public on political matters one has to keep in mind that #Economics is failed/fake science for 200+ yrs and that economists have NEVER had a legitimate mandate. pic.twitter.com/TMJdEQgNSs

— E.K-H (@AXECorg) September 22, 2022

Occasional Tweets: The futile attempt to recycle Keynes (XI)

 

#Economics#FailedScience#FakeScience#Keynes was too stupid for the elementary #Algebra of #MacroFoundations and too incompetent for #Science. Thusly, he messed up #MacroEconomics. After-Keynesians don't get it to this day.

Forget Keyneshttps://t.co/T6Y8aFoESh pic.twitter.com/8qtwv9nw26

— E.K-H (@AXECorg) September 21, 2022

Occasional Tweets: The futile attempt to recycle homo oeconomics (III)

 

#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth

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

Homo oeconomicus: the never-ending folk-psychological shitshowhttps://t.co/QCJtT0NcuP

— E.K-H (@AXECorg) September 21, 2022

Occasional Tweets: Abusing the Fed as money/profit pump

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #PrivateFinancialWealth grows in lockstep with #PublicDebt which is the permanent interest #CashCow for the #Oligarchy. By reshuffling the #Debt (buy high/sell low) the #Fed acts as #MoneyPump. pic.twitter.com/x1lEAafrX4

— E.K-H (@AXECorg) September 21, 2022

 

***

Twitter/X Sep 29, 2024  Smarter than academic economists ― after 2 years, RFK got it 

For more about the Fed as a profit/money pump see AXECquery.

 

Occasional Tweets: Political Economics in a nutshell

 

The US political system is an #Oligarchy. Congress/Treasury/Fed/Business are integral parts of it. #Academia is instrumentalized. #Economics is the obvious case.

The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies that the growth of #PublicDebt generates the #Cash to keep things running. pic.twitter.com/Uf6aSzAfOd

— E.K-H (@AXECorg) September 21, 2022

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

Occasional Tweets: Economists ― priests of a cargo cult

 

#FailedScience#FakeScience#Economics is NOT about how to change your life or live a better life, it is about how the economic #System works. #Economists NEVER figured this out. Economics is what Feynman called a #CargoCultScience. pic.twitter.com/nEpeBpNVGi

— E.K-H (@AXECorg) September 20, 2022

For more about Cargo Cult see AXECquery. 

Occasional Tweets: The incidence of public debt is >100 percent

 

#Econ

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #PrivateFinancialWealth grows in lockstep with #PublicDebt which is the permanent interest #CashCow for the #Oligarchy. #WeThePeople owes the #Debt, #Oligarchy owns the #FinancialAssets. pic.twitter.com/Lnew9fRkdD

— E.K-H (@AXECorg) September 20, 2022

Occasional Tweets: How to make WeThePeople pay for the war

 

#Economics#HowToPay

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.

— E.K-H (@AXECorg) September 20, 2022

Related 'How to pay for the war and to be bamboozled by economists' 

Occasional Tweets: Don't ask historians about the economic future, they don't even understand the past

 

The history of economic thought is the history of scientific failure. But #Historians have NOT figured this out. Actually, #Economists are #AgendaPushers / #UsefulIdiots / #Clowns in the political #CircusMaximus. Traditionally, they are supported by folks from the #HistoryDept. pic.twitter.com/Oyamu89Vtw

— E.K-H (@AXECorg) September 20, 2022

Occasional Tweets: Reminder that MMT is an academic and political fraud

 

#MMT#BadScienceBadPolicyBadPeople

The page where Stephanie Kelton gets macroeconomics wrong https://t.co/CNFDkXMzzQ

MMT is refuted on all counts, cross-referenceshttps://t.co/9RldtrwAyz

MMT is an academic and political fraud. pic.twitter.com/fJEN9YcSjD

— E.K-H (@AXECorg) September 20, 2022

Ocassional Tweets: Economics is "not a science in the sense of" … … … science

 

#Economics#FailedScience#FakeScience

The history of economic thought is the history of scientific failure. #Economics is NOT #Science bc #Economists are NOT #Scientists but #AgendaPushers/#UsefulIdiots/#Clowns in the political #CircusMaximus. pic.twitter.com/uNfYJwTgEZ

— E.K-H (@AXECorg) September 19, 2022

For details of the big picture see cross-references Scientific Incompetence. 

Occasional Tweets: Political economists are not scientists but clowns/useful idiots in the political circus maximus

 

#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false & materially/formally inconsistent. Therefore, economic policy guidance NEVER has had sound scientific foundations. #Economists are just #Clowns / #UsefulIdiots in the political #CircusMaximus. pic.twitter.com/spOeI9NEU0

— E.K-H (@AXECorg) September 19, 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 Failed/Fake Scientists and cross-references Distorted Reality.

Occasional Tweets: The futile attempt to recycle Austrianism (V)

 

#Econ#FailedScience#FakeScience

The history of economic thought is the history of scientific failure. #Austrianism, too, is proto-scientific garbage because since Menger #Austrians do not know what #Profit is and how the economic #System works.

Profithttps://t.co/0i4XICiAtV

— E.K-H (@AXECorg) September 19, 2022

Occasional Tweets: Scientifically, economics does not matter

 

#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false & materially/formally inconsistent. Therefore, economic policy guidance NEVER has had sound scientific foundations. #Economists are just #Clowns / #UsefulIdiots in the political #CircusMaximus. pic.twitter.com/zuic6U5ZxH

— E.K-H (@AXECorg) September 18, 2022

For details of the big picture see cross-references Failed/Fake Scientists and cross-references The Representative Economist.

Occasional Tweets: Rectifying the correlation between wages, prices, and employment

 

#LearnEconomics

The axiomatically correct macroeconomic #EmploymentLaw tells one that #Employment L decreases if #PriceInflation P is higher than #WageRateInflation W and vice versa. pic.twitter.com/mwieMrVmwA

— E.K-H (@AXECorg) September 18, 2022

For details of the big picture see cross-references Employment/Phillips Curve. 

Occasional Tweets: Deficit, profit, debt, interest, and distribution

 

#LearnEcon

For the #PublicDebt holds #WeThePeopleOwesIt and #OligarchyOwnsIt. This #CashCow produces perpetual #InterestIncome. After a long near-zero-interest dearth, the Oligarchy now gets a rate increase under the pretext of fighting against #Inflation.

— E.K-H (@AXECorg) September 18, 2022

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

Occasional Tweets: The futile attempt to recycle Marx (III)

 

#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth

The history of economic thought is the history of scientific failure. #Marx never reached the “sunlit peaks” of scientific knowledge. See linkshttps://t.co/tpIFeUs6uW

— E.K-H (@AXECorg) September 17, 2022

Occasional Tweets: There is a prize for "economic sciences" but where is the science?

 

#Econ#Prizes

The #EconNobel is NOT a recognition of genuine scientific merits ― there are none in #Economics ― but a reward for successful #AgendaPushing handed out by the Bank of Sweden on behalf of the #Oligarchy. See linkshttps://t.co/ExJf3VEZ6x pic.twitter.com/5BXTGaeJT1

— E.K-H (@AXECorg) September 16, 2022

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

 

#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth

“emotion and feeling” is the subject matter of #PsySoc i.e. #Psychology & #Sociology, NOT of #Economics. Adam Smith NEVER understood how the economic #System works. ⇒https://t.co/s3zlXjx8hi pic.twitter.com/otllvzNJ9E

— E.K-H (@AXECorg) September 16, 2022

Occasional Tweets: Economics is not science, economists are stupid/corrupt political agenda pushers

 

#Econ#EconomicWarfare

For 200+ yrs now, #Economics is #FailedScience / #FakeScience. #Economists are NOT #Scientists but #AgendaPushers / #UsefulIdiots / #Clowns in the political #CircusMaximus. Some even advise Govs how to escalate military aggression.

— E.K-H (@AXECorg) September 15, 2022

 

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

Occasional Tweets: Time for a pay rise

 

#LearnEcon

For the #PublicDebt holds #WeThePeopleOwesIt and #OligarchyOwnsIt. This #CashCow produces perpetual #InterestIncome. After a long near-zero-interest dearth, the Oligarchy now gets a rate increase under the pretext of fighting against #Inflation. pic.twitter.com/x5iERsjvDA

— E.K-H (@AXECorg) September 15, 2022

Related 'From the debt economy to the gift economy: how America is brainwashed to love budget deficits' 

Occasional Tweets: How the original Phillips Curve was bastardized

 

#Economics#FailedScience#FakeScience

How the original #PhillipsCurve was bastardized and such #EmploymentTheory messed up.

NAIRU, wage-led growth, and Samuelson's Dyscalculiahttps://t.co/qDrdo8HL46

Reading the correct Phillips Curve correctlyhttps://t.co/AxQ7QBwjEy

— E.K-H (@AXECorg) September 14, 2022

For details of the big picture see cross-references Employment/Phillips Curve. 

Occasional Tweets: Economists' scientific Fall from Grace

 

Bc #Economics is #FailedScience / #FakeScience, economic policy guidance has NEVER had sound scientific foundations. #Economists' fatal mistake since Adam Smith is moralizing/philosophizing/agenda-pushing and pretending to do #Science pic.twitter.com/uOeDYAbyki

— E.K-H (@AXECorg) September 14, 2022

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

Occasional Tweets: What the average person needs to know about inflation

 

The macroeconomic #LawOfSupplyAndDemand is 100% of what the average person needs to know about #Inflation: pic.twitter.com/NW5sBJ9fDA

— E.K-H (@AXECorg) September 14, 2022

Occasional Tweets: WeThePeople do not bear the costs of democracy but of oligarchy

 

The US/EUR political system is an #Oligarchy. Parliament/Treasury/CentralBank/Business are integral parts of it. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. The permanent growth of #PublicDebt generates the #Cash to keep the system running. pic.twitter.com/b4yIfPiMDE

— E.K-H (@AXECorg) September 12, 2022

Occasional Tweets: With regard to economics, Wikipedia is not a treasure but a heap of proto-scientific garbage

 

#Economics#FailedScience#FakeScience#Wikipedia produces a reflection of contemporary #Economics i.e. of proto-scientific garbage. ⇒https://t.co/UatINJt5ndhttps://t.co/cr22ZpQ8H6https://t.co/3x9c31peUB

— E.K-H (@AXECorg) September 12, 2022

Occasional Tweets: The futile attempt to recycle Keynes (X)

 

#Economics#FailedScience#FakeScience#Keynes was too stupid for the elementary #Algebra of #MacroFoundations and too incompetent for #Science. Thusly, he messed up #MacroEconomics. After-Keynesians don't get it to this day.

Forget Keyneshttps://t.co/T6Y8aFo72J pic.twitter.com/KEIo6gsPGQ

— E.K-H (@AXECorg) September 12, 2022

Occasional Tweets: The futile attempt to recycle Austrianism (IV)

 

#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false & materially/formally inconsistent. Therefore, economic policy guidance NEVER has had sound scientific foundations. Austrians are just #Clowns / #UsefulIdiots in the political #CircusMaximus. pic.twitter.com/RU7aZICybg

— E.K-H (@AXECorg) September 12, 2022

For more about Austrianism see AXECquery. 

Occasional Tweets: At the end of the wrong track comes the Paradigm Shift

 

#LearnEconomics

For the inevitable #ParadigmShift from silly neoclassical #MicroFoundations and dumb Keynesian #MacroFoundations to the true set of macroeconomic #Axioms see cross-referenceshttps://t.co/rf8n0xkhRA pic.twitter.com/L0XHz4AEN1

— E.K-H (@AXECorg) September 11, 2022

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

 

#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth#Econ is NOT about “why dogs are superior to cats” but about how the #Economy works. #Economists don't get it to this day.

The profit theory is false since Adam Smithhttps://t.co/s3zlXjwArK pic.twitter.com/BOOB55yPxn

— E.K-H (@AXECorg) September 10, 2022

Occasional Tweets: Econ101― still proto-scientific garbage (I)

 

#Economics#FailedScience#FakeScience

Econ 101: Economists flunk the intelligence test at the first hurdlehttps://t.co/BTQxySrNgI

— E.K-H (@AXECorg) September 9, 2022

For details of the big picture see cross-references Econ 101/Old Curriculum/New Curriculum. 

Occasional Tweets: Economic policy guidance has never had sound scientific foundations (VI)

 

#Economics

The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false & materially/formally inconsistent. Economic policy guidance NEVER has had sound scientific foundations. pic.twitter.com/CfODXU6dgN

— E.K-H (@AXECorg) September 9, 2022

Occasional Tweets: In economics, scientific dwarfs appear as giants

 

#Economics#FailedScience#FakeScience#ScientificIncompetence

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

Economists ― standing on the shoulders of dwarfshttps://t.co/1PsCKS4EBd#DeleteEconomics#ParadigmShift#Science

— E.K-H (@AXECorg) September 9, 2022

Occasional Tweets: Daddy, stop wondering about money

 

#LearnEconomics#Money

The ultimate ― analytical ― origin of moneyhttps://t.co/TdYOJnxRIy

Money and timehttps://t.co/Yaj3dKxlgR

The objective value of moneyhttps://t.co/YSlX4QxyC1

— E.K-H (@AXECorg) September 9, 2022

Occasional Tweets: Close cousins ― economics and literary forgery

 

#Economics#FakeScience

Economic history and the history of economic thought are tightly interconnected literary forgeries. Their scientific content is zero bc of the lack of true (materially/formally consistent) theory.
The economist as storyteller (II)https://t.co/1XnmKQexei

— E.K-H (@AXECorg) September 7, 2022

Occasional Tweets: MMT as a case of applied schizophrenia

 

#LearnEconomics

According to the macroeconomic #LawOfSupplyAndDemand the #RealWage in the elementary production-consumption #Economy falls due to the #MMT policy of #DeficitSpendingMoneyCreation i.e. ρE>1. pic.twitter.com/XPKnMYbJsu

— E.K-H (@AXECorg) September 7, 2022

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

Occasional Tweets: Economic history and the history of economic thought are tightly interconnected literary forgeries

 

#Econ#FailedScience#FakeScience

The history of economic thought is the history of scientific failure. Brad DeLong is a case in point.

The retirement of a fake scientist and real agenda pusherhttps://t.co/upRU696weD

The economist as storyteller (II)https://t.co/1XnmKQexei pic.twitter.com/JC4lzMoUOD

— E.K-H (@AXECorg) September 7, 2022

Occasional Tweets: The profit pushers

 

#LearnEconomics#Profit

The 3-sector #ProfitLaw Qm≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, the policy of #DeficitSpendingMoneyCreation is always a #FreeLunch for the #Oligarchy.

Deficit cheerleaders ― the Oligarchy’s useful idiotshttps://t.co/XX5wLu3cSJ pic.twitter.com/D3C0rVsTHp

— E.K-H (@AXECorg) September 6, 2022

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

Occasional Tweets: For the economy as a whole, there is no such thing as windfall profit

 

#LearnEcon

For the #Economy as a whole, there is NO such thing as random/windfall #Profit. The 3-sector #ProfitLaw Qm≡(G−T)+(I−Sm)+Yd implies #PublicDeficitIsPrivateProfit. #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. #Economists don't get it to this day. pic.twitter.com/C9D52OMbT7

— E.K-H (@AXECorg) September 6, 2022 

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

Occasional Tweets: The futile attempt to recycle von Mises (II)

 

#Economics#FailedScience#FakeScience#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/Xw49Wdp3du

— E.K-H (@AXECorg) September 5, 2022

Occasional Tweets: The futile attempt to recycle economics imperialism (II)

 

For 200+ yrs #Economics is a #FailedScience. #Economists are #Clowns in the political #CircusMaximus. They have a #Comment / #Opinion on everything, but scientific #Knowledge of nothing. This proto-scientific #ShitShow is known as #EconomicsImperialism. pic.twitter.com/8gwjZ38EpY

— E.K-H (@AXECorg) September 5, 2022

Occasional Tweets: The exact point where macroeconomics went wrong

 

#LearnEconomics

Keynes' premise of GT p. 63, income = value of output, is false, therefore I=S and all the rest is false. ⇒https://t.co/DaUHva6outhttps://t.co/3x9c31peUBhttps://t.co/9QZWjJkNL9https://t.co/TGGYpnS9sG pic.twitter.com/bqdFaxz9WB

— E.K-H (@AXECorg) September 4, 2022

Related 'Keynes’s Missing Axioms' 

Occasional Tweets: Economics is silly talk on all channels

 

#Economics#FailedScience#FakeScience

Why does @EconTalker explain the “creative process for developing the plot of a #novel”? Bc #Economics is NOT #Science but #DisInfoTainment.

Economics, communication, disinformationhttps://t.co/FcH6wLz3c5 pic.twitter.com/ynbktfXFQH

— E.K-H (@AXECorg) September 3, 2022

Occasional Tweets: The end of Keynes (I)

 

#Economics#FakeScience#KeynesianismIsCretinism

Bc #Keynes was too stupid for elementary #Algebra, he got #MacroFoundations wrong. Bc of this, the whole analytical superstructure of #Keynsianism is scientifically worthless.

The unfinished Keynes (I)https://t.co/k25Rcz8M7n pic.twitter.com/sjdkONTPrb

— E.K-H (@AXECorg) September 3, 2022

Occasional Tweets: Storytelling is the user-friendly form of political fooling

 

#Economics#FakeScience#Economics is NOT #Science but proto-scientific garbage and political #AgendaPushing that comes in the format of #Storytelling.

Storytelling vs Theory = Politics vs Sciencehttps://t.co/dBnxvkoX1e

For more about storytelling seehttps://t.co/BrfmJTUTlF

— E.K-H (@AXECorg) September 2, 2022

Occasional Tweets: Economics and politics and how to keep the system running

 

#Economics#Politics

The US political system is an #Oligarchy. Congress/Treasury/Fed/BigBusiness are integral parts of it. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. The growth of #PublicDebt delivers the #Money to keep the system running. pic.twitter.com/777IjMO8PM

— E.K-H (@AXECorg) September 2, 2022

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

For more about democracy see AXECquery. 

Occasional Tweets: Rule of thumb ― economic crises do not just happen but are engineered

 

#Economics#EconomicWarfare#Sanctions

GER/EUR is via NATO at war with RUS. The current economic crisis is NO surprise but the outcome of the #ZeitenWende / #KillNordstream / #BringRussiaToTheKnees policy.https://t.co/rKwFZiOgwl

— E.K-H (@AXECorg) September 1, 2022

Occasional Tweets: How to stop thinking like an economist

 

#Economics#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are mutually contradictory, axiomatically false, and materially/formally inconsistent.

Confused Confusers: How to Stop Thinking Like an Economist and Start Thinking Like a Scientisthttps://t.co/TFBLLcMHx3 pic.twitter.com/XgFzGRmEZ6

— E.K-H (@AXECorg) September 1, 2022