Occasional Tweets: Whom does deficit spending help?

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So ultimately, #DeficitSpendingMoneyCreation is always and everywhere a #FreeLunch for the #Oligarchy.

Keynes, Lerner, MMT, Trump, Biden, and exploding profithttps://t.co/ABFUc41eMs pic.twitter.com/TJmdlkQ8Ce

— E.K-H (@AXECorg) February 8, 2023

For details of the big picture see cross-references Deficit/Debt.