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.