Occasional Tweets: The Central Bank ― macroeconomic profit pump of the free market economy

 

The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #PrivateFinancialWealth grows in lockstep with #PublicDebt which is the interest #CashCow of the #Oligarchy. By reshuffling the #Debt (buy high, sell low) and taking losses CBs act as a #ProfitPump.

— E.K-H (@AXECorg) February 9, 2023

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