Occasional Tweets: Austerity vs deficit-spending ― the false dichotomy

 

#LearnEcon

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. The #MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. The repeal of the #Schuldenbremse is NOT for the benefit of #WeThePeople.⇒https://t.co/XX5wLtLBu9 pic.twitter.com/2mqvBXcNk2

— E.K-H (@AXECorg) December 1, 2022

Related 'Links on Austerity'