Occasional Tweets: To this day, economics is without scientific merits

 

#Econ#FailedFakeScience#NoRealMerits#Economics claims to be #Science but is NOT. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. Economics is scientifically worthless.⇒https://t.co/kCwE4nptUQ pic.twitter.com/atyPp5Lj41

— E.K-H (@AXECorg) April 30, 2023

For details of the big picture see cross-references Scientific Incompetence. 

Occasional Tweets: The futile attempt to recycle Keynesianism (XVI)

 

#Economics#FailedFakeScience#Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra. To this day, the whole of #MacroEconomics is scientifically worthless. V. Chick & G.C. Harcourt NEVER realized this.

⇒ cross-referenceshttps://t.co/TGTkAwX778 pic.twitter.com/lPFikAV7ef

— E.K-H (@AXECorg) April 30, 2023

Occasional Tweets: The futile attempt to recycle MMT (XXII)

 

#MMT#BadScienceBadPolicyBadPeople

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

MMT suckshttps://t.co/xhP5z9Xtiv pic.twitter.com/v73c7n4VJI

— E.K-H (@AXECorg) April 30, 2023

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

Occasional Tweets: The fight about debt limits is just another variant of hardcore wrestling

 

#LearnEconomics

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Private #FinancialWealth grows with #PublicDebt. #GrowthOfDebt is the #LifeFormula of the #MarketEconomy. pic.twitter.com/XT20x3rxkI

— E.K-H (@AXECorg) April 30, 2023

For more about economic debate as a hardcore wrestling clown show see AXECquery. 

Occasional Tweets: Economics is failed/fake science ― economists are also too stupid for economic warfare

 

#Econ

The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Of course, #Economists are also too stupid for #EconomicWarfare

— E.K-H (@AXECorg) April 30, 2023

Occasional Tweets: Fighting global warming with deficit spending is the latest political fraud of economists

 

#Econ

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Private #FinancialWealth grows with #PublicDebt. Fighting global warming through #DeficitSpending is a political fraud. pic.twitter.com/eHJcb6j8n7

— E.K-H (@AXECorg) April 29, 2023

Occasional Tweets: Most economists are not scientists but political agenda pushers (IX)

 

For 200+ yrs, #Economics claims to be #Science but is NOT. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. The “warnings of economists” Stiglitz & Tooze (USA) about Lindner (GER) are a case in point.

— E.K-H (@AXECorg) April 29, 2023

For details of the big picture see cross-references Political Economics/Stupidity/Corruption. 

Occasional Tweets: The life formula of the so-called free market economy

 

Public debt increases for 200+ yrs. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Their #FinancialWealth grows with #PublicDebt which is the #LifeFormula of the #MarketEconomy. pic.twitter.com/nTIUAIkGol

— E.K-H (@AXECorg) April 29, 2023

 

Related Links on Austerity.

Occasional Tweets: Forget supply-demand-equilibrium (I)

 

#ParadigmShift

The history of economic thought is the history of scientific failure. To understand anything at all in #Economics one has to move from false #MicroFoundations to true #MacroFoundations.

There is NO such thing as supply-demand-equilibriumhttps://t.co/187XlJsNrO

— E.K-H (@AXECorg) April 29, 2023

Occasional Tweets: Austerity is not demonic but a political clown show

 

#Econ#PublicDebt grows for 200+ yrs due to #DeficitSpendingMoneyCreation. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. i.e. a #FreeLunch for the #Oligarchy. #Austerity is NOT demonic but a political clown show.⇒https://t.co/nsoHK9Oalh

— E.K-H (@AXECorg) April 29, 2023

Related 'Links on Austerity' 

Occasional Tweets: Most economists are not scientists but political agenda pushers (VIII)

 

#Econ#FailedFakeScience

For 200+ yrs, #Economics claims to be #Science but is NOT. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. #EconomicPolicyGuidance NEVER has had sound scientific foundations. pic.twitter.com/6YUACH7UPR

— E.K-H (@AXECorg) April 28, 2023

Occasional Tweets: The calculation problem has always been an Austrian nothingburger

 

#Econ#FailedFakeScience

The representative #Economist is NOT a #Scientist but an #AgendaPusher / #Clown in the political #CircusMaximus. Mises had NO idea what #Profit is & how the economic #System works. The #CalculationProblem is a #NothingBurger.⇒https://t.co/K83rllgbMY

— E.K-H (@AXECorg) April 27, 2023

For more about von Mises see AXECquery. 

Occasional Tweets: Lifting the debt ceiling is an existential necessity for the Oligarchy

 

The US political system is an #Oligarchy. Congress/Treasury/Fed/BigBusiness are integral parts of it. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, growing #PublicDebt is an existential necessity. Lifting the #DebtCeiling serves self-preservation. pic.twitter.com/tBktt7KXro

— E.K-H (@AXECorg) April 27, 2023

Related Links on Austerity 

***

Twitter/X Dec 29, 2023

Occasional Tweets: Condorcet's Paradox is another political nothingburger

 

The correct designation for the current political system is #Oligarchy. It thrives on #DeficitSpendingMoneyCreation = growing #PublicDebt. The #ProfitLaw implies #PublicDeficitIsPrivateProfit. Bc #Democracy is a fiction/cover for Oligarchy Condorcet's Paradox is a #NothingBurger.

— E.K-H (@AXECorg) April 27, 2023

Occasional Tweets: Ultimately, the so-called free market economy is kept running by the state

 

The #Economy runs on #Profit NOT #Information. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies that the greater part of overall #Profit is produced by #DeficitSpendingMoneyCreation. So, the so-called free market economy is kept running by the state. ⇒https://t.co/ATzyx3Cwnt

— E.K-H (@AXECorg) April 27, 2023

Occasional Tweets: The futile attempt to recycle Adam Smith (XXV)

 

#Economics#FailedFakeScience#FalseMemorySyndrome

The history of economic thought is the history of scientific failure. The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. ⇒https://t.co/s3zlXjwArK pic.twitter.com/gcHLOrt99p

— E.K-H (@AXECorg) April 27, 2023

Occasional Tweets: A $1billion campaign will not change the fact that economics is failed/fake science

 

#Econ#Walrasianism, #Keynesianism, #Marxianism, #Austrianism are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. The representative #Economist is NOT a #Scientist but a #Clown in the political #CircusMaximus. Things cannot be fixed with $1bill.

— E.K-H (@AXECorg) April 25, 2023

Occasional Tweets: Stop thinking like an agenda pusher, start thinking like a scientist

 

#Economics#FailedFakeScience

The history of economic thought is the history of scientific failure. Therefore, #Economists should stop thinking like a #Capitalist/#Socialist and start thinking like a #Scientist.

— E.K-H (@AXECorg) April 25, 2023

Occasional Tweets: Profit and interest in the free market economy are delivered by the state

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #PrivateFinancialWealth grows with #PublicDebt and in the form of #Bonds becomes the interest #CashCow for the #Oligarchy. #Profit & #Interest in the #FreeMarketEconomy is delivered by the #State. pic.twitter.com/pgezx8hhMr

— E.K-H (@AXECorg) April 25, 2023

 

Occasional Tweets: The futile attempt to recycle Buchanan (IV)

 

#LearnEcon

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Private #FinancialWealth grows with growing #PublicDebt. Buchanan never understood how the #MarketEconomy works.

— E.K-H (@AXECorg) April 24, 2023

Occasional Tweets: Growing public debt is the key profit driver of the free market economy

 

#Econ

The 4-sector #ProfitLaw Q≡(G−T)+(I−S)+(X−M)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Private #FinancialWealth grows with growing #PublicDebt which is the #KeyDriver of the so-called #MarketEconomy. pic.twitter.com/S5mC3w8D3U

— E.K-H (@AXECorg) April 24, 2023

Occasional Tweets: Economics as another example of openly abandoning the scientific pretense and becoming a branch of the disinfotainment industry

 

#Walrasianism, #Keynesianism, #Marxianism, #Austrianism are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is #FailedFakeScience. The representative #Economist is NOT a #Scientist but an #AgendaPusher in the political #CircusMaximus. pic.twitter.com/9W0OyZ0Nz3

— E.K-H (@AXECorg) April 24, 2023

For details of the big picture see cross-references Proto-Science/Cargo Cult Science/Fake Science and cross-references Political Economics/Stupidity/Corruption.

Occasional Tweets: The futile attempt to recycle Austrianism (XIV)

 

#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Mises, too, never figured out what profit is & how the economic #System works. Austrianism is a plain political fraud.

— E.K-H (@AXECorg) April 24, 2023

Occasional Tweets: The scientific content of economics is zero, but the self-hype is infinite

 

#Economics#FailedFakeScience#MacroFoundations#Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra. To this day, the whole of #MacroEconomics is scientifically worthless. This holds also for CMU #Economists.

⇒ cross-refhttps://t.co/TGTkAwX778 pic.twitter.com/Kl1MD1Wa7o

— E.K-H (@AXECorg) April 24, 2023

Occasional Tweets: Learn how the US economy works, Mr. Speaker

 

#HowItWorks

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Private #FinancialWealth grows with growing #PublicDebt which is the #LifeFormula of the #USA. pic.twitter.com/a5Hm0JjsSs

— E.K-H (@AXECorg) April 24, 2023

Occasional Tweets: The futile attempt to recycle Adam Smith (XXIV)

 

#FailedFakeScience

“... Political Economy ‘proposes to enrich both the people and the sovereign,’ and it is this definition which expresses both what Smith wanted above everything and what interested his readers more than anything else.” (Schumpeter) ⇒https://t.co/Tn2DE76BDt

— E.K-H (@AXECorg) April 23, 2023

For more about Adam Smith see AXECquery. 

Occasional Tweets: Learn economics ― the function of the central bank

 

The UK political system is an #Oligarchy. Parliament/Treasury/BoE/BigBusiness are integral parts of it. The 3sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #DeficitSpendingMoneyCreation = growing #PublicDebt delivers the #Cash to keep things running.

— E.K-H (@AXECorg) April 23, 2023

Occasional Tweets: The futile attempt to recycle Hayek (VII)

 

#Econ#Economics is #FailedFakeScience for 200+ yrs. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus.

Austrian idiocy ― the case of Hayekhttps://t.co/qa0Sk30K5l

— E.K-H (@AXECorg) April 22, 2023

Occasional Tweets: Economists' final self-ejection from the scientific community

 

#Econ#Economics is #FailedFakeScience. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. Their current promotion of #EconomicWarfare amounts to the final self-ejection from the scientific community.

— E.K-H (@AXECorg) April 22, 2023

For details of the big picture see cross-references Political Economics/Stupidity/Corruption. 

Occasional Tweets: Stop thinking like an economist, start thinking like a scientist

 

#Economics#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. About time to stop thinking like an #Economist & start thinking like a #Scientist. pic.twitter.com/Tl5fOQeHBr

— E.K-H (@AXECorg) April 21, 2023

Occasional Tweets: The profit motive does not generate profit ― psychology can not explain how the economy works

 

#Econ

The history of economic thought is the history of scientific failure. The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit ― the foundational concept ― wrong.

The profit theory is false since Adam Smithhttps://t.co/s3zlXjwArK pic.twitter.com/efky4iEZ4U

— E.K-H (@AXECorg) April 21, 2023

Occasional Tweets: How American Capitalism just keeps rolling on

 

The US political system is an #Oligarchy. Congress/Treasury/Fed/BigBusiness are integral parts of it. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #DeficitSpendingMoneyCreation i.e. the growth of #PublicDebt delivers the #Cash to keep things running.

— E.K-H (@AXECorg) April 21, 2023

Ocassional Tweets: A nice reminder how economists still get the foundational relationships between profit, income, GDP, deficit, and debt wrong

 

#LearnEcon

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the #Oligarchy's #FinancialWealth grows with #PublicDebt. As #Profit is mistakenly subsumed under #Income there is a “correlation” between #GDP and #Debt.⇒https://t.co/QJycQUh0Uj

— E.K-H (@AXECorg) April 21, 2023

Occasional Tweets: No false-hero memorials (XI)

 

#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Mises, too, never figured out what profit is & how the economic #System works. Austrianism is scientifically worthless. pic.twitter.com/18I42llKPq

— E.K-H (@AXECorg) April 21, 2023

Occasional Tweets: Clueless economists / Profit (II)

 

#LearnEconomics#Inflation #Profit

The macroeconomic #LawOfSupplyAndDemand and the #ProfitLaw tell one exactly how #Price P & #Profit Qm move as a function of #WageRate W, Productivity R & #DeficitSpendingMoneyCreation ρE. pic.twitter.com/a0ZtOyh270

— E.K-H (@AXECorg) April 20, 2023

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

Occasional Tweets: Clueless economists / Phillips Curve (IV)

 

#Economics#FailedFakeScience

Due to the lack of correct #MacroFoundations, Samuelson et al. messed up the original #PhillipsCurve. #Economists have not realized anything since then. See links on

the Phillips Curvehttps://t.co/0yuibAHxtx

Inflationhttps://t.co/bKsnN38AEL pic.twitter.com/Fi9lMaBHKg

— E.K-H (@AXECorg) April 20, 2023

Occasional Tweets: All versions of economics are scientifically worthless

 

#Economics#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. This holds also for the Vienna/LSE/Chicago/NYU/GMU version. pic.twitter.com/pBc6Iw0aQv

— E.K-H (@AXECorg) April 20, 2023

Occasional Tweets: Economics in general ― and MMT in particular ― is just a disinfotainment shitshow

 

#Economics#FailedFakeScience#MMT

The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus.

The page where Stephanie Kelton gets macroeconomics wrong https://t.co/CNFDkXM1Ki pic.twitter.com/z9IXmuKFLM

— E.K-H (@AXECorg) April 20, 2023

For details of the big picture see cross-references Political Economics/Stupidity/Corruption.  

Occasional Tweets: As failed/fake scientists economists have nothing to say about the proper role of government

 

#Economics#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. As incompetent #Scientists, the proper role of #Economists is to shut up about the proper role of government.

— E.K-H (@AXECorg) April 20, 2023

For details of the big picture see cross-references Political Economics/Stupidity/Corruption.

Occasional Tweets: Zero scientific achievement ― how success in economics is measured instead

 

#Economics claims to be #Science (→ #EconNobel) but is NOT. The representative #Economist is NOT a #Scientist but an #AgendaPusher/#Clown in the political #CircusMaximus. Success is measured by the number of #Followers which is the proper metric in the #DisInfoTainment business.

— E.K-H (@AXECorg) April 19, 2023

For details of the big picture see cross-references Political Economics/Stupidity/Corruption. 

Occasional Tweets: Redefining public debt ― a new exercise in economic brainwashing

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. #WeThePeople owes the #PublicDebt and is eternally taxed for #Interest, #Oligarchy owns the #FinancialAssets.

— E.K-H (@AXECorg) April 19, 2023

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

Occasional Tweets: Economics is failed/fake science and this is reflected in its rigged instititions

 

#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth

Academic economics is a rigged institution and #PeerReview is a crucial selection mechanism for its self-preservation. pic.twitter.com/LucqmMpwFG

— E.K-H (@AXECorg) April 19, 2023

Occasional Tweets: The difference between democracy and oligarchy is not so hard to figure out

 

#Econ

The US political system is an #Oligarchy. Congress/Treasury/Fed/BigBusiness are integral parts of it. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. The growth of #PublicDebt generates the #Profit/#Interest to keep the #System running.

— E.K-H (@AXECorg) April 18, 2023

Occasional Tweets: Because economics is failed/fake science economists are a danger to their fellow citizens

 

#Econ#Economics is #FailedFakeScience for 200+ yrs. Having no sound scientific foundations, #EconomicPolicyGuidance is NOT #ProblemSolving but #AgendaPushing. Actually, #Economists have always been a danger to their fellow citizens.

Iatrogenic economicshttps://t.co/BR3Lnnt5nf pic.twitter.com/AFtF8cnisD

— E.K-H (@AXECorg) April 18, 2023

Occasional Tweets: The futile attempt to recycle Ricardo (III)

 

#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth

The history of economic thought is the history of scientific failure.

Ricardo, too, got profit theory wronghttps://t.co/hAbgvDcx17#NoFalseHeroMemorials

— E.K-H (@AXECorg) April 18, 2023

Occasional Tweets: Because of math illiteracy economics is failed/fake science to this day

 

#Econ#Math#Economists are too stupid for the elementary #Algebra of #MacroFoundations and #Profit. They are NOT #Scientists but #Clowns / #UsefulIdiots / #AgendaPushers in the political #CircusMaximus. Because of #MathIlliteracy, #Economics is #FailedFakeScience to this day. pic.twitter.com/9tC9MOaCq2

— E.K-H (@AXECorg) April 17, 2023

For more about math in economics see AXECquery.

Occasional Tweets: In real terms, it is always WeThePeople who pays for the war

 

#LearnEconomics#War#Impoverishment#Inflation#Debt#SocialBreakdown

GER/EUR is via NATO at war with RUS. War means #WarEconomy = #DeclineOfProsperity / #EconomicHardship bc in real terms it is always #WeThePeople who pays for the war.

— E.K-H (@AXECorg) April 17, 2023

Occasional Tweets: What the macroeconomic Law of Supply and Demand tells about the movement of the price level

 

#MacroFoundations

The axiomatically correct macroeconomic #LawOfSupplyAndDemand tells one exactly how the nominal #Price P moves for any #Employment level under the condition of #MarketClearing as a function of #WageRate W, #Productivity R, & #DeficitSpendingMoneyCreation ρE. pic.twitter.com/NbK7pWSZBd

— E.K-H (@AXECorg) April 17, 2023

Occasional Tweets: The futile attempt to recycle IS-LM (II)

 

#Economics#FailedFakeScience

You seem to be the last #Economist who has not yet realized that #ISLM is proto-scientific garbage.

Just revealed: IS-LM is dead for 80+ yearshttps://t.co/HryYkZ9Xaj

— E.K-H (@AXECorg) April 17, 2023

For more about IS-LM see AXECquery. 

Occasional Tweets: Why economics does not matter scientifically

 

#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. The representative #Economist is a #Clown in the political #CircusMaximus.

— E.K-H (@AXECorg) April 16, 2023

For details of the big picture see cross-references Proto-Science/Cargo Cult Science/Fake Science and cross-references Political Economics/Stupidity/Corruption. 

Occasional Tweets: Economics ― the pluralism of idiotism (VI)

 

#Econ#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT, & #Pluralism are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #Clown in the political #CircusMaximus. pic.twitter.com/OKYbISB1oB

— E.K-H (@AXECorg) April 16, 2023

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

Occasional Tweets: Market failure is not a behavioral but a systemic problem

 

#MarketFailure

The market economies are in #BreakDown mode. So, the #CBs pump up the #FinancialMarkets and the #Treasuries apply #DeficitSpendingMoneyCreation. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit i.e. a #FreeLunch for the #Oligarchy.

— E.K-H (@AXECorg) April 16, 2023

Occasional Tweets: The futile attempt to recycle Keynesianism (XV)

 

#Econ#FailedFakeScience#MacroFoundations#Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra. To this day, the whole of #MacroEconomics is scientifically worthless.

⇒ cross-referenceshttps://t.co/TGTkAwX778 pic.twitter.com/80o3wGSJpA

— E.K-H (@AXECorg) April 15, 2023

Occasional Tweets: Economics teaches many things except how the economic system works

 

#Econ

One can learn many things from #Orthodoxy & #Heterodoxy except how the #Economy works. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT, are mutually contradictory, axiomatically false, materially/formally inconsistent, and ALL get #Profit wrong. pic.twitter.com/0mIQlaAbKV

— E.K-H (@AXECorg) April 15, 2023

Occasional Tweets: Greed does not generate profit but deficit-spending/money-creation does

 

#LearnEconomics#Profit

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Their #FinancialWealth grows with #PublicDebt. pic.twitter.com/xCgWYplbgh

— E.K-H (@AXECorg) April 11, 2023

Occasional Tweets: Where profits ultimately come from

 

#LearnEconomics#Profit

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Their #FinancialWealth grows with #PublicDebt. pic.twitter.com/aSGGqNYeCS

— E.K-H (@AXECorg) April 8, 2023

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

Occasional Tweets: In economics, proto-scientific garbage is awarded the Nobel Prize

 

#Econ#FailedFakeScience

“Economics is the study of the economy, not the study of economists.” (Ricardo Reis)

The history of economic thought is the history of scientific failure. Biographies of #EconNobel winners are just #FalseHeroMemorials. ⇒https://t.co/kCwE4nptUQ

— E.K-H (@AXECorg) April 8, 2023

For more about the EconNobel see AXECquery. 

Occasional Tweets: The representative economist is not a scientist but an agenda-pusher (VIII)

 

The history of economic thought is the history of scientific failure. The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit ― the foundational concept of #Economics ― wrong. The representative #Economist still has not figured that out. pic.twitter.com/w8yCoMJJGk

— E.K-H (@AXECorg) April 7, 2023

Occasional Tweets: The representative economist is not a scientist but an agenda-pusher (VII)

 

#Econ

For 200+ yrs, #Economics claims to be #Science but is NOT. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. #EconomicPolicyGuidance NEVER has had sound scientific foundations. pic.twitter.com/wW32NW0vao

— E.K-H (@AXECorg) April 7, 2023

Occasional Tweets: The representative economist ― violator of the code of scientific conduct (II)

 

#Econ#FailedFakeScience#Economics claims to be #Science (→ #EconNobel) but is NOT. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. They even weaponize #Easter for their silly #Propaganda. pic.twitter.com/EexgHqmgKv

— E.K-H (@AXECorg) April 7, 2023

For details of the big picture see cross-references The Representative Economist. 

 

Occasional Tweets: The representative economist ― violator of the code of scientific conduct (I)

 

#Economics is #FailedFakeScience. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #Clown in the political #CircusMaximus.

Paul Krugman is a proto-scientific impresario.
Isabella Weber is an #EconBlocker.

All violate the Code of Professional Conduct. pic.twitter.com/aOIsn09M9o

— E.K-H (@AXECorg) April 7, 2023

Occasional Tweets: As failed/fake scientists economists are in no position to make the world a better place (I)

 

The history of economic thought is the history of scientific failure. The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit ― the foundational concept of #Economics ― wrong. That #Economists make the world a better place is ridiculous. pic.twitter.com/sk8bHX4u7i

— E.K-H (@AXECorg) April 6, 2023

Occasional Tweets: Economists have a problem with intellectual honesty

 

#Economics claims to be #Science but #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT, & #Pluralism are axiomatically false & materially/formally inconsistent. #Economists violate scientific #Ethics on a daily basis. ⇒https://t.co/xM9Qi15Jvs pic.twitter.com/t7e96pQOID

— E.K-H (@AXECorg) April 5, 2023

Occasional Tweets: The futile attempt to recycle Adam Smith (XXIII)

 

#Economics#FailedFakeScience

The history of economic thought is the history of scientific failure. #AdamSmith NEVER understood what #Profit is and how the economic #System works. Economic policy guidance NEVER has had sound scientific foundations. ⇒https://t.co/s3zlXjwArK pic.twitter.com/rYzvCD1sfV

— E.K-H (@AXECorg) April 4, 2023

Occasional Tweets: The basics about inflation (IV)

 

#LearnEconomics#Inflation

The macroeconomic #LawOfSupplyAndDemand tells one exactly how the nominal #Price P moves under the condition of #MarketClearing as a function of #WageRate W, #Productivity R, & #DeficitSpendingMoneyCreation ρE. pic.twitter.com/ZwmnMDtFN4

— E.K-H (@AXECorg) April 4, 2023

 

For more about inflation see AXECquery. 

Occasional Tweets: Economics teaching has never had sound scientific foundations

 

#FailedFakeScience#Econ101#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. So, #EconomicsTeaching NEVER has had sound scientific foundations. #EconomicsForPeople is NO exception.

— E.K-H (@AXECorg) April 4, 2023

For details of the big picture see cross-references Econ 101/Old Curriculum/New Curriculum. 

Occasional Tweets: The basics about inflation (III)

 

#LearnEconomics#Inflation

The macroeconomic #LawOfSupplyAndDemand and the #ProfitLaw tell one exactly how #Price P & #Profit Qm move as a function of #WageRate W, Productivity R & #DeficitSpendingMoneyCreation ρE. pic.twitter.com/I7oXsgaFzN

— E.K-H (@AXECorg) April 4, 2023

For more about inflation see AXECquery.