Occasional Tweets: Time for economists to get the relationship between deficit, debt, and distribution right (I)

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. #PrivateFinancialWealth grows in lockstep with #PublicDebt which becomes their permanent interest #CashCow. pic.twitter.com/Lrv7S5AF6W

— E.K-H (@AXECorg) February 19, 2023

For details of the big picture see cross-references Profit/Distribution