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.