Occasional Tweets: The realization grows inexorably and has already reached Bloomberg Opinion

 

#Economics#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT, & #Pluralism are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic policy guidance NEVER has had sound scientific foundations.#DefundEconomics pic.twitter.com/F6OVFLffJf

— E.K-H (@AXECorg) January 31, 2023

Occasional Tweets: Economists have no idea how the economy works but are the life advisors that everyone has waited for

 

#Econ#FailedFakeScience#HomoEconomicus#Economics is about how the #Economy works. It is a #SystemsScience & NOT a #SocialScience ie NOT about #HumanNature / #Motives / #Behavior / #Choice / #Action / #Incentives / #SelfImprovement. See cross-referenceshttps://t.co/MzGiF9gXMI

— E.K-H (@AXECorg) January 30, 2023

***

Wikimedia AXEC175

Occasional Tweets: When economists say we/our this means WeTheOligarchy and not WeThePeople

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. For #PublicDebt holds #WeThePeopleOwesIt and #OligarchyOwnsIt. #Interest is taxed from #WeThePeople on behalf of the #Oligarchy. pic.twitter.com/lAmOdaKXmz

— E.K-H (@AXECorg) January 30, 2023

Occasional Tweets: What’s the consequence for the government accruing debt?

 

#PublicDebt increases for 200+ yrs. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Their #FinancialWealth grows with growing public debt which is the #LifeElixir of #Capitalism. pic.twitter.com/8OlEQSGJaR

— E.K-H (@AXECorg) January 30, 2023

Occasional Tweets: Another kind of scientific progress ― from carrot-and-stick donkey training to the manipulation of economic incentives

 

#Economics#FailedFakeScience

An #Economist with scientific instead of technocratic aspirations would figure out how the economic #System works. Most economists, though, are NOT #Scientists but #AgendaPushers / #IncentiveManipulators / #Clowns in the political CircusMaximus. pic.twitter.com/5eNEXLkuph

— E.K-H (@AXECorg) January 30, 2023

For details of the big picture see cross-references Not a Science of Behavior.

Occasional Tweets: The futile attempt to recycle MMT (IXX)

 

#BadScienceBadPolicyBadPeople

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

A beginner’s guide to MMThttps://t.co/gbv89V5vPo pic.twitter.com/KcbPNjieFR

— E.K-H (@AXECorg) January 30, 2023

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

Occasional Tweets: As incompetent scientists, economists cannot serve the common good even if they really wanted to

 

#Economics is #FailedFakeScience and as a consequence #EconomicPolicyGuidance lacks sound scientific foundations since Adam Smith. #Economists do NOT serve the common good. They have always been a danger to their fellow citizens.

Iatrogenic economicshttps://t.co/BR3LnntDcN pic.twitter.com/uh6hXoI71n

— E.K-H (@AXECorg) January 29, 2023

Occasional Tweets: Economists are not scientists but disinfotainment clowns

 

#Econ#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT, & #Pluralism are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economists are NOT #Scientists but #DisInfoTainment #Clowns in the political #CircusMaximus. pic.twitter.com/sXNu7iuxiu

— E.K-H (@AXECorg) January 28, 2023

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

For more about disinfotainment see AXECquery. 

Occasional Tweets: Economists and the public ― education or political brainwashing?

 

Not only the public has “systematically biased beliefs about economics”, #Economists themselves have no idea how the #Economy works. Most #Economists are NOT #Scientists but #AgendaPushers / #Clowns in the political #CircusMaximus. They have NOTHING to really educate the public. pic.twitter.com/7IOumHvi7O

— E.K-H (@AXECorg) January 27, 2023

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

Occasional Tweets: To this day, economists don't get the foundational concepts of economics right

 

#Economics#FailedFakeScience

Macroeconomic models are neither locally nor globally true, they are axiomatically false. The fact is, that Keynes messed up #MacroFoundations 80+ years ago bc he was too stupid for elementary #Algebra. #Economists don't get it to this day. pic.twitter.com/pZ8GEBRXZ3

— E.K-H (@AXECorg) January 27, 2023

For more about macrofoundations see AXECquery. 

Occasional Tweets: The futile attempt to recycle Ricardo (II)

 

#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth

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

Ricardo, too, got profit theory wronghttps://t.co/hAbgvDd4QF

— E.K-H (@AXECorg) January 26, 2023

Occasional Tweets: Ending the political/economic capture of science is the decisive step towards a genuinely free society

 

#Econ

To this day, #Economists have not figured out how the #Economy works bc they are NOT #Scientists but #AgendaPushers / #Clowns in the political #CircusMaximus. The current institutional framework does not prevent the political capture/corruption of #Science but invites it. pic.twitter.com/UrsrTmLTGe

— E.K-H (@AXECorg) January 26, 2023

Related 'A rough business plan for science'.

For more about the separation of science and politics see AXECquery.  

Occasional Tweets: Where is economics right now?

 

#Econ#FailedFakeScience#DisInfoTainment#Economics is supposed to be about how the #Economy works. This is too narrow a field for #Economists who are notorious for knowing nothing but having an opinion on everything. Recently, they also dabble in health counseling. pic.twitter.com/haF7lTUsir

— E.K-H (@AXECorg) January 25, 2023

Related 'Economists: Jacks-of-all-trades ― except economics' 

Occasional Tweets: Why economists never got out of the swamp of inconclusiveness where 'nothing is clear and everything is possible'

 

#Econ#FailedFakeScience#Macro#Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra. As a consequence, the whole analytical superstructure of #Economics is scientifically worthless. #EconPolicyGuidance NEVER has had sound scientific foundations. pic.twitter.com/QpwvTXfWid

— E.K-H (@AXECorg) January 25, 2023

For more about inconclusiveness see AXECquery.

For more about 'nothing is clear and everything is possible' see AXECquery. 

Occasional Tweets: The (un-)intended consequences of deficit spending/money creation

 

You want “a better, wealthier, more educated, prosperous, happy and sustainable society” by calibrating gov spending G & taxes T with G>T. Bc of the #ProfitLaw Q≡(G−T)+(I−S)+Yd this continuously reproduces #FreeLunches for the #Oligarchy & an unhappy & unsustainable #Society.

— E.K-H (@AXECorg) January 25, 2023

Occasional Tweets: Since Keynes' I=S, economists get saving and profit wrong

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. #WeThePeople owes the #PublicDebt and #Oligarchy owns the #FinancialAssets.⇒https://t.co/ZbUnNmFNso

— E.K-H (@AXECorg) January 24, 2023

For more about saving see AXECquery.

***

Wikimedia AXEC172

Occasional Tweets: Behavioral economics is not cool but proto-scientific garbage

 

#Econ#FailedFakeScience#Economics is about how the #Economy works. It is a #SystemsScience & NOT a #SocialScience i.e. NOT about #HumanNature / #Motives / #Behavior / #Choice / #Action or #Incentives. For details see cross-referenceshttps://t.co/MzGiF9gpXa#DefundEconomics pic.twitter.com/Q7r1hgf0V6

— E.K-H (@AXECorg) January 23, 2023

For details of the big picture see cross-references Not a Science of Behavior. 

Occasional Tweets: Let's just distrust everything economists say

 

#FakeScience

Apply Buchanan's Public-Choice approach to #Economics itself. This explains why #Economists might act in their own interest (=Axiom of individual #UtilityMaximization) rather than in the interest of #WeThePeople/#Science. If you distrust #Economists, you always win. pic.twitter.com/7qhuDYKh9p

— E.K-H (@AXECorg) January 23, 2023

Occasional Tweets: Debt limits are bad for the Oligarchy, so econ-trolls constantly argue against them (II)

 

#MMT

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. When there is a #DebtLimit Stephanie Kelton comes to rhetorically remove it. ⇒https://t.co/qZpnYi8P2l pic.twitter.com/vXfZdVkJ1R

— E.K-H (@AXECorg) January 23, 2023

Occasional Tweets: It is the growth of public debt that keeps Late Capitalism going

 

#PublicDebt increases for 200+ ys. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. #PrivateFinancialWealth grows with growing #PublicDebt which is the #LifeElixir of #Capitalism. pic.twitter.com/rbdrP1aF71

— E.K-H (@AXECorg) January 23, 2023

Related 'Links on Austerity' 

Occasional Tweets: The futile attempt to recycle 'famous economists' (I)

 

#Econ#NoFalseHeroMemorials

“Economics is the study of the economy, not the study of economists.” (R. Reis)

'Irving Fisher who is most famous for his #equation: MV=PT' NEVER understood how the #Economy works.

For the correct average-stock-of-transaction-money equation see pic.twitter.com/hGg0YSTMcD

— E.K-H (@AXECorg) January 23, 2023

Occasional Tweets: Time to end economists' silly blame game

 

The correct designation for the current political system is #Oligarchy. It thrives on #DeficitSpendingMoneyCreation = growing #PublicDebt. The #ProfitLaw implies #PublicDeficitIsPrivateProfit. So, #Democracy is a fiction/cover for the Oligarchy's self-alimentation with #Profit. pic.twitter.com/atlB84CKIj

— E.K-H (@AXECorg) January 22, 2023

Occasional Tweets: The economists' behavioral axiom explains why they might not act in the interest of WeThePeople

 

#Econ#FailedFakeScience

Apply Buchanan's Public-Choice approach to #Economics itself. This explains why #Economists might act in their own interest (= Axiom of individual #UtilityMaximization) rather than in the interest of #WeThePeople/#Science. ⇒https://t.co/tBQHMtyKpv

— E.K-H (@AXECorg) January 22, 2023

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

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

 

#FailedFakeScience#Marx#Economics claims to be #Science but is not. #Economists are NOT #Scientists but #AgendaPushers / #UsefulIdiots / #Clowns in the political #CircusMaximus. This goes from the founding fathers to this day.⇒https://t.co/0kj2UV8UXT

— E.K-H (@AXECorg) January 21, 2023

Related '200+ years in the dark ― how Marx got it wrong'. 

Occasional Tweets: The futile attempt to recycle MMT (XVIII)

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the #MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy & ultimately NOT for the benefit of #WeThePeople. ⇒https://t.co/XX5wLu3KIh

— E.K-H (@AXECorg) January 21, 2023

Occasional Tweets: Economics is not science but disinfotainment (III)

 

#Econ#FailedFakeScience

To this day, #Economists have not figured out how the #Economy works bc they are NOT #Scientists but #AgendaPushers/#Clowns in the political #CircusMaximus. Since Adam Smith, #Economics is NOT #Science but #Propaganda/#DisInfoTainment.#DefundEconomics pic.twitter.com/HNl3wIYZVV

— E.K-H (@AXECorg) January 21, 2023

For details of the big picture see cross-references Proto-Science/Cargo Cult Science/Fake Science. 

Occasional Tweets: The great grandchild scam

 

#LearnEcon

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. #WeThePeople owes the #PublicDebt and is taxed for #Interest, #Oligarchy owns the #FinancialAssets. pic.twitter.com/Bu3UyFJCso

— E.K-H (@AXECorg) January 20, 2023

Occasional Tweets: As government goes bankrupt business thrives

 

#ThisIsTheUS
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #PrivateFinancialWealth grows in lockstep with #PublicDebt which is the eternal interest #CashCow for the #Oligarchy. #WeThePeople owes the #Debt, #Oligarchy owns the #FinancialAssets. pic.twitter.com/HEW0GIWBJn

— E.K-H (@AXECorg) January 20, 2023

Occasional Tweets: It takes no more than an hour on Twitter to realize that economics is not science but disinfotainment

 

#FailedFakeScience#Economics claims to be #Science but has never risen above the level of the dilettante. The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Actually, #Econ has become pure #DisInfoTainment.#DefundEconomics pic.twitter.com/eq7EKmNVsD

— E.K-H (@AXECorg) January 20, 2023

For more about disinfotainment see AXECquery. 

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

 

#Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra.

As a consequence of the #ProfitBlunder, the whole analytical superstructure of #Keynesianism is scientifically worthless. #PostKeynesians don't get it to this day. ⇒https://t.co/yKRVDsSJ5G pic.twitter.com/Ct3jwXmIj7

— E.K-H (@AXECorg) January 19, 2023

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

 

Most #Economists are NOT #Scientists but #AgendaPushers / #Clowns in the political #CircusMaximus.

Post Keynesianism, too, is proto-scientific garbagehttps://t.co/btS3FSlayP

Louis-Philippe Rochon is an #EconBlocker.#EconBlockers violate the Code of Professional Conduct. pic.twitter.com/z9fk0asTeS

— E.K-H (@AXECorg) January 19, 2023

For more about Post Keynesianism see AXECquery. 

Occasional Tweets: Debt limits are bad for the Oligarchy, so econ-trolls constantly argue against them (I)

 

#LearnEconomics#Profit

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. The policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. These folks hate #DebtLimits. ⇒https://t.co/XX5wLu3cSJ pic.twitter.com/xzYZaS0xcw

— E.K-H (@AXECorg) January 19, 2023

Related 'There is an absolute limit to the growth of public debt'.

For more about Schuldenbremse see AXECquery.

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

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

 

#Economics#FailedFakeScience#Marx#Economics claims to be #Science but is not. #Economists are NOT #Scientists but #AgendaPushers / #UsefulIdiots / #Clowns in the political #CircusMaximus. This goes from the founding fathers to this day.⇒https://t.co/0kj2UV8UXT

— E.K-H (@AXECorg) January 19, 2023

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

 

#Economics#FailedFakeScience

The history of economic thought is the history of scientific failure. Adam Smith NEVER understood what #Profit is and how the economic #System works. He was a rather inane political #AgendaPusher.⇒https://t.co/s3zlXjx8hi pic.twitter.com/leJdECdnfB

— E.K-H (@AXECorg) January 19, 2023

Occasional Tweets: The futile attempt to recycle MMT (XVII)

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the #MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. #PrivateFinancialWealth grows in lockstep with #PublicDebt which becomes a permanent interest #CashCow. pic.twitter.com/12Q2braBIC

— E.K-H (@AXECorg) January 18, 2023

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

Occasional Tweets: The futile attempt to recycle Keynesianism (VIII)

 

#Econ#FailedFakeScience#Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra.

As a consequence of the #ProfitBlunder, the whole analytical superstructure of #Keynesianism/ #PostKeynesianism is scientifically worthless. ⇒https://t.co/yKRVDsSJ5G pic.twitter.com/vqtdfmNaGq

— E.K-H (@AXECorg) January 17, 2023

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

Occasional Tweets: Freedom is not an economic concept, but profit is, and economists get both wrong

 

#Econ#FailedFakeScience#Freedom is a political concept. #Economists who do not get tired of waving the flag of #Freedom/#Liberty are NOT # Scientists. They have NO idea how the #Economy works but are #AgendaPushers / #UsefulIdiots for the #Oligarchy. ⇒https://t.co/CPW3M1JQYK pic.twitter.com/xUoZuM75pB

— E.K-H (@AXECorg) January 17, 2023

Related 'Mad but true: 200+ years after Adam Smith economists still have no idea what profit is'.

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

Occasional Tweets: On economic zombies and economics as a scientific zombie

 

#LearnEconomics

The 3-sector #ProfitLaw Q=(G-T)+(I-S)+Yd implies that the greater part of #Profit is produced by the State's #DeficitSpendingMoneyCreation. So, the free market economy as a whole is a #ZombieFirm. ⇒https://t.co/ATzyx3Cwnt pic.twitter.com/4O6SC8sbei

— E.K-H (@AXECorg) January 17, 2023

For more about zombie see AXECquery. 

Occasional Tweets: Not a bug but a feature ― economics in the endless loop of scientific incompetence

 

#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth

Econ 101: Dull teachers and dull students in the endless loophttps://t.co/dMne5t8Jdl

— E.K-H (@AXECorg) January 17, 2023

 

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

Occasional Tweets: To become an economist it is helpful to be schizo

 

#Economics#FailedFakeScience#Economists' alleged “Struggle for a Better World” contradicts their own behavioral #Axiom of INDIVIDUAL #UtilityMaximization. Economics is methodologically self-contradictory since Adam Smith. See cross-referenceshttps://t.co/MzGiF9gpXa

— E.K-H (@AXECorg) January 16, 2023

For more about schizo see AXECquery. 

Occasional Tweets: How a "fundamental reconsideration of some of [economics] most deeply held assumptions" works

 

#Econ#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false & materially/formally inconsistent. #Economics is #FailedFakeScience. The #ParadigmShift from false #MicroFoundations to true #MacroFoundations is long overdue. pic.twitter.com/7CleqOwyAp

— E.K-H (@AXECorg) January 16, 2023

 

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

Occasional Tweets: How can fake scientists offer dignity for all?

 

#Economics#FailedFakeScience

To this day, #Economists have not figured out how the #Economy works bc they are NOT #Scientists but #AgendaPushers / #Clowns in the political #CircusMaximus. They cannot offer dignity to anyone bc they have none themselves.#DefundEconomics pic.twitter.com/WWsNHj2Mbn

— E.K-H (@AXECorg) January 16, 2023

For more about cargo cult science see AXECquery. 

Occasional Tweets: Why debt limits are exceeded everywhere

 

#PublicDebt increases for 200+ ys. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. #PrivateFinancialWealth grows with growing #PublicDebt which is the #LifeElixir of #Capitalism. pic.twitter.com/JfiU4yPoNT

— E.K-H (@AXECorg) January 16, 2023

Occasional Tweets: Ritual self-humiliation cannot save economists from being buried at the Flat-Earth Cemetery

 

#Economics#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT, & #Pluralism are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic policy guidance NEVER has had sound scientific foundations.#DefundEconomics pic.twitter.com/9xiC9vAJbl

— E.K-H (@AXECorg) January 16, 2023

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

For more about prediction see AXECquery. 

Occasional Tweets: The breaking point ― where economics 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/NDE1Jz5os6

— E.K-H (@AXECorg) January 15, 2023

For details of the big picture see cross-references Refutation of I=S. 

Economists are good at storytelling, agenda pushing, self-hype, networking, applause trolling, and foul play ― at science not so much

 

#FailedFakeScience

Most #Economists are NOT #Scientists but #AgendaPushers/#Clowns in the political #CircusMaximus. Some of the Kocherler Kreis obviously are.

Carl Mühlbach, Christian Bayer, ECONtribute are #EconBlockers.#EconBlockers violate the Code of Professional Conduct. pic.twitter.com/EA9bG2BJBK

— E.K-H (@AXECorg) January 15, 2023

For details of the big picture see cross-references The Representative Economist. 

Occasional Tweets: The Household Fallacy ― or ―Why we're in a total mess

 

#Economics#FailedFakeScience#MMT#BadScienceBadPolicyBadPeople

The policy of #DeficitSpendingMoneyCreation is ultimately NOT for the benefit of #WeThePeople.

Exploding the Household Fallacyhttps://t.co/pRV4klSDgR

— E.K-H (@AXECorg) January 15, 2023

Occasional Tweets: The futile attempt to recycle MMT (XVI)

 

#MMT#BadScienceBadPolicyBadPeople

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

A beginner’s guide to MMThttps://t.co/gbv89V5vPo pic.twitter.com/0dyvxUcAJQ

— E.K-H (@AXECorg) January 14, 2023

For more about MMT see AXECquery. 

Occasional Tweets: The perversion of the Free Trade tenet

 

Mutually beneficial #Trade has once been the core tenet of #Economics. It has been captured/weaponized by politics. #Sanctions/#Embargoes are acts of #EconomicWarfare, ie aggression just below the moral barrier of direct killing. Accordingly, #Economists have become #WarMongers. pic.twitter.com/ubTupQTE31

— E.K-H (@AXECorg) January 14, 2023

Occasional Tweets: Meta-communication is just another immunizing stratagem

 

#Econ

The history of economic thought is the history of scientific failure. The major approaches are axiomatically false & materially/formally inconsistent. #Economics is NOT #Science but #Opinion/#Propaganda & its #History is #MetaCommunication ie. #Gossip about gossip.

— E.K-H (@AXECorg) January 14, 2023

For more about the immunizing stratagem see AXECquery. 

Occasional Tweet: How economists got the concept of GDP wrong

 

#FailedFakeScience

The history of economic thought is the history of scientific failure. #Walrasianism/#Keynesianism/#Marxianism/#Austrianism/#MMT are axiomatically false & materially/formally inconsistent.

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

— E.K-H (@AXECorg) January 13, 2023

Occasional Tweets: Debt limits are profit limits ― that's why the Oligarchy scraps them everywhere

 

#LearnEconomics

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. The #MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. So, these folks abolish #DebtLimits wherever they can. ⇒https://t.co/XX5wLu3cSJ pic.twitter.com/PN9y5Tnk2I

— E.K-H (@AXECorg) January 13, 2023

For more about Stephanie Kelton see AXECquery. 

Occasional Tweets: Economic reasoning ― defective for 200+ years

 

#Econ#Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra.

As a consequence of the #ProfitBlunder, the whole analytical superstructure of #Economics is scientifically worthless.

How Keynes messed up macroeconomicshttps://t.co/yKRVDsSJ5G pic.twitter.com/iwHuYG08IX

— E.K-H (@AXECorg) January 13, 2023

Related 'Confused Confusers: How to Stop Thinking Like an Economist and Start Thinking Like a Scientist'. 

Occasional Tweets: Economics, philosophy, and the crapification of science

 

#Econ#FailedFakeScience

The history of economic thought is the history of scientific failure. #Walrasianism / #Keynesianism / #Marxianism / #Austrianism / #MMT & #Pluralism are axiomatically false & materially/formally inconsistent. ⇒https://t.co/DH0Mw4sQER#DefundEconomics

— E.K-H (@AXECorg) January 13, 2023

Occasional Tweets: True macrofoundations (II)

 

#Economics it is #FailedFakeScience. #MacroFoundations are axiomatically false since Keynes but #Economists still don't get it. For the inescapable #ParadigmShift to the true set of economic #Axioms see cross-referenceshttps://t.co/rf8n0xkhRA pic.twitter.com/o8YpNsY6y0

— E.K-H (@AXECorg) January 12, 2023

 

For more about microfoundations see AXECquery.

For more about macrofoundations see AXECquery.

Occasional Tweets: Economics on its last legs ― the imminent Paradigm Shift from microfoundations to macrofoundations

 

#Econ#Economics it is #FailedFakeScience. #MacroFoundations are axiomatically false since Keynes but #Economists still don't get it. For the inescapable #ParadigmShift to the true set of economic #Axioms see cross-referenceshttps://t.co/rf8n0xkhRA pic.twitter.com/9e65UBtrMh

— E.K-H (@AXECorg) January 12, 2023

Related 'Macroeconomics ― dead since Keynes' and 'Keynesian macrofoundations are defective' and 'How Keynes got macroeconomics wrong and Allais got it right' and 'Finalizing the Keynesian Revolution'.

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

Occasional Tweets: Economics can't save the world

 

#Econ#Economics is #FailedFakeScience and as a consequence economic policy guidance lacks sound scientific foundations since Adam Smith. #Economists don't save the world but have always been a danger to their fellow citizens.

Iatrogenic economicshttps://t.co/BR3Lnnt5nf pic.twitter.com/1mjcozKW6v

— E.K-H (@AXECorg) January 12, 2023

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

Occasional Tweets: The scientist is no activist, and the activist is no scientist (II)

 

#Economics#FailedFakeScience

To this day, #Economists have not figured out how the #Economy works bc they are NOT #Scientists but #AgendaPushers / #UsefulIdiots / #Clowns in the political #CircusMaximus.#FireEconomists#DefundEconomics pic.twitter.com/TwFPvZyjWn

— E.K-H (@AXECorg) January 11, 2023

Occasional Tweets: The so-called free market economy is a self-contradictory concept

 

#Econ

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation (= growing #PublicDebt) is a #FreeLunch for the #Oligarchy. The so-called #FreeMarketEconomy is state-sponsored so to argue for it is self-contradictory.

— E.K-H (@AXECorg) January 11, 2023

Related 'What Keynes really meant but could not really prove'. 

Occasional Tweets: Even economists are beginning to understand how the profit pump works

 

#Econ

“hard to understand why there was not more ex ante discussion of the public debt management implications of QE4.” Oh dear, Hanno, everybody except you and your dim-lit followers knows that the #Fed acts as #ProfitPump for the #Oligarchy to the detriment of #WeThePeople. pic.twitter.com/IKVW6H62Bk

— E.K-H (@AXECorg) January 10, 2023

Occasional Tweets: Making money ― making profit

 

#Economics

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. The #MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy and NOT for the benefit of #WeThePeople. ⇒https://t.co/XX5wLu3cSJ pic.twitter.com/0Qq3m0hPws

— E.K-H (@AXECorg) January 10, 2023

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

Occasional Tweets: Where modern economics went wrong

 

#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth

The father of modern economics and his imbecile kidshttps://t.co/HM0cpzXZbA#FireEconomists#DefundEconomics pic.twitter.com/5f6pmpij9C

— E.K-H (@AXECorg) January 10, 2023

Occasional Tweets: "Macro is really awful"

 

#Econ

'Macro is really awful on' scientific content. Actually, it is #FailedFakeScience. #MacroFoundations are axiomatically false since Keynes but #Economists still don't get it. For the inescapable #ParadigmShift to the true set of economic #Axioms seehttps://t.co/rf8n0xkPH8 pic.twitter.com/VmExieasEc

— E.K-H (@AXECorg) January 10, 2023