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

 

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.

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