Occasional Tweets: Is the US-Oligarchy suicidal? (VIII)

 

The US political system is an #Oligarchy with Congress/Treasury/Fed/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the growth of #PublicDebt generates macro #Profit Q i.e. secures the Oligarchy's self-alimentation. pic.twitter.com/NvoTl8RRap

— E.K-H (@AXECorg) May 31, 2023

Occasional Tweets: Scrap the EconNobel (III)

 

#Econ#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. Economic policy guidance has never had sound scientific foundations pic.twitter.com/bm1w0CeBxK

— E.K-H (@AXECorg) May 31, 2023

For more about the EconNobel see AXECorg. 

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

 

#LearnEcon

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the #MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. #PrivateFinancialWealth grows with #PublicDebt that becomes an eternal #Interest #CashCow. pic.twitter.com/MmrxHtzFM6

— E.K-H (@AXECorg) May 31, 2023

Occasional Tweets: Is the US-Oligarchy suicidal? (VII)

 

The US political system is an #Oligarchy with Congress/Treasury/Fed/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the growth of #PublicDebt generates macro #Profit Q i.e. secures the Oligarchy's self-alimentation. pic.twitter.com/ynsl8lD6b8

— E.K-H (@AXECorg) May 30, 2023

For more about the Oligarchy see AXECquery. 

Occasional Tweets: Is the US-Oligarchy suicidal? (VI)

 

The US political system is an #Oligarchy with Congress/Treasury/Fed/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the growth of #PublicDebt generates macro #Profit Q i.e. secures the Oligarchy's self-alimentation. pic.twitter.com/jpMPZeQiyr

— E.K-H (@AXECorg) May 30, 2023

Occasional Tweets: Is the US-Oligarchy suicidal? (V)

 

The US political system is an #Oligarchy with Congress/Treasury/Fed/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the growth of #PublicDebt generates macro #Profit Q i.e. secures the Oligarchy's self-alimentation. pic.twitter.com/pJxuZAU1xX

— E.K-H (@AXECorg) May 29, 2023

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

 

#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic policy guidance has NEVER had sound scientific foundations. #Economists are only #Clowns in the political #CircusMaximus. pic.twitter.com/mQ5A3gACPA

— E.K-H (@AXECorg) May 28, 2023

Occasional Tweets: Economics is not science but disinfotainment (XIV)

 

#Economics#Rhetoric

The history of economic thought is the history of scientific failure. #Economics is #FakeScience. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. pic.twitter.com/oQwXaMALYr

— E.K-H (@AXECorg) May 28, 2023

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

Occasional Tweets: Is the US-Oligarchy suicidal? (IV)

 

The US political system is an #Oligarchy with Congress/Treasury/Fed/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the growth of #PublicDebt generates macro #Profit Q i.e. secures the Oligarchy's self-alimentation. pic.twitter.com/2n0HmeZVjk

— E.K-H (@AXECorg) May 28, 2023

Occasional Tweets: Economics is not science but disinfotainment (XIII)

 

#Economics#FailedFakeScience

Ibn Khaldun is not the forerunner of economics as a science. The history of economic thought is the history of scientific failure.

The long genealogical tree of economic storytellinghttps://t.co/NMo4watBPu

— E.K-H (@AXECorg) May 27, 2023

Occasional Tweets: Economics is at odds with scientific ethics (III)

 

#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Academic economics is a rigged institution & #PeerReview is the selection mechanism for its self-preservation. pic.twitter.com/bSH16T7obT

— E.K-H (@AXECorg) May 26, 2023

Occasional Tweets: Is the US-Oligarchy suicidal? (III)

 

The US political system is an #Oligarchy with Congress/Treasury/Fed/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. The growth of #PublicDebt generates macro #Profit Q: Will the O-folks commit suicide with the #DebtLimit? pic.twitter.com/g4wWo6EZgp

— E.K-H (@AXECorg) May 26, 2023

Occasional Tweets: Economics is at odds with scientific ethics (II)

 

#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Academic economics is a rigged institution & #PeerReview is the selection mechanism for its self-preservation. pic.twitter.com/ElubzvAT3H

— E.K-H (@AXECorg) May 26, 2023

Occasional Tweets: Economics is at odds with scientific ethics (I)

 

#Econ#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic policy guidance has NEVER had sound scientific foundations. pic.twitter.com/69N5fqlDKZ

— E.K-H (@AXECorg) May 25, 2023

Related 'The GDP death blow for the economics profession' and  'The ethics of science is consistency ― economics is inconsistent'

Occasional Tweets: Economics is not science but disinfotainment (XII)

 

#Econ#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is #FailedFakeScience. The self-hype of #Economists as champions of human decency are just #DisInfoTainment. pic.twitter.com/MvczilklUv

— E.K-H (@AXECorg) May 25, 2023

Occasional Tweets: The marketing of economics as a science is gradually coming to the end

 

#Econ

“ChatGPT as marketing triumph … Maybe they like it, especially if they are sick of more and more of the economy being run by marketers.”

Reminder: The promotion of #Economics as a #Science has been one of the greatest marketing triumphs ever. ⇒https://t.co/1CegKFEo3k

— E.K-H (@AXECorg) May 24, 2023

Occasional Tweets: No false-hero memorials (XV)

 

#Economics#FailedFakeScience#MacroFoundations#Keynes got macroeconomic #Profit wrong because he was too stupid for elementary #Algebra. Because of this, #MacroEconomics is scientifically worthless to this day. After-Keynesians never got it. Robert Lucas was one of them. pic.twitter.com/8eovTVrUEd

— E.K-H (@AXECorg) May 23, 2023

Occasional Tweets: Is the US-Oligarchy suicidal? (II)

 

The US political system is an #Oligarchy with Congress/Treasury/Fed/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the growth of #PublicDebt generates #Profit. Q: Will they commit suicide with the #DebtLimit? Hardly. pic.twitter.com/UatOU0nsHP

— E.K-H (@AXECorg) May 22, 2023

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

 

#Econ#Incompetence#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Bc of this, #Economics is scientifically worthless, & economic policy guidance has NEVER had sound foundations. pic.twitter.com/eA7rNwh843

— E.K-H (@AXECorg) May 22, 2023

Occasional Tweets: One who rides the debt tiger can never dismount

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy which is the #LifeFormula of #Capitalism. Adherence to the #DebtCeiling would be #Suicide for the so-called #FreeMarketEconomy. pic.twitter.com/WxO6fiWr8U

— E.K-H (@AXECorg) May 20, 2023

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

 

#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic policy guidance has NO scientific foundations. The representative #Economist is a #Clown in the political #CircusMaximus. pic.twitter.com/gIYDRwKQJY

— E.K-H (@AXECorg) May 20, 2023

Occasional Tweets: True macrofoundations (IV)

 

#Econ#Economics is #FailedFakeScience. The various #MicroFoundations approaches are axiomatically false. So are Keynesian #MacroFoundations. For the inescapable #ParadigmShift to the true set of macroeconomic #Axioms see cross-referenceshttps://t.co/rf8n0xkhRA pic.twitter.com/dO979SVp1W

— E.K-H (@AXECorg) May 19, 2023

Occasional Tweets: Economics is not science but disinfotainment (XI)

 

#Econ

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

The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is proto-scientific garbage. The representative #Economist is a #PolitClown.

— E.K-H (@AXECorg) May 19, 2023

Occasional Tweets: Economics is not science but disinfotainment (X)

 

#Econ#FailedFakeScience

“…the little extra stories you can tell in the classroom that will hopefully make students laugh & be more interested.” This is what #Economics has become: a hodgepodge of #DisInfoTainment.#DefundEconomics#FireEconomists pic.twitter.com/gazrxDHxSU

— E.K-H (@AXECorg) May 19, 2023

Occasional Tweets: The history of economic thought is the history of scientific failure (X)

 

#FailedFakeScience

What determines the level of #AggregateProfit? #Keynes got macroeconomic #Profit wrong because he was too stupid for elementary #Algebra. Bc of this, #Economics is scientifically worthless to this day. #Monetarism is NO exception. ⇒https://t.co/ABFUc41eMs pic.twitter.com/4F88h3JBTw

— E.K-H (@AXECorg) May 19, 2023

Related 'The GDP death blow for the economics profession' 

Occasional Tweets: No false-hero memorials (XIV)

 

#Economics#FailedFakeScience#MacroFoundations#Keynes got macroeconomic #Profit wrong because he was too stupid for elementary #Algebra. Because of this, #MacroEconomics is scientifically worthless to this day. After-Keynesians never got it. Robert Lucas was one of them. pic.twitter.com/aAjY0Rmf5h

— E.K-H (@AXECorg) May 18, 2023

Occasional Tweets: Zero-growth means breakdown

 

#LearnEconomics

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy i.e. growing #PublicDebt is the existential prerequisite for #LateCapitalism i.e. #ZeroGrowth means #BreakDown.

— E.K-H (@AXECorg) May 18, 2023

Occasional Tweets: Economics ― just disinfotainment and self-hype (IV)

 

The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Bc of this, #Economics is scientifically worthless, & economic policy guidance has NEVER had sound foundations. #WhatEconomistsReallyDo is vacuous #SelfHype.#DefundEconomics

— E.K-H (@AXECorg) May 17, 2023

Occasional Tweets: Nobel-hype does not help ― economics is failed/fake science

 

#Economics#FailedFakeScience#EconNobel#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. Links ⇒https://t.co/ExJf3VErgZ pic.twitter.com/luBChneqoS

— E.K-H (@AXECorg) May 15, 2023

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

 

#Walrasianism, #Keynesianism, #Marxianism, #Austrianism are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. The representative #Economists is NOT a #Scientist but a #Clown in the political #CircusMaximus. pic.twitter.com/R47qTwr8DL

— E.K-H (@AXECorg) May 15, 2023

Dear Psycho-Economists, inflation is not determined by expectations but by the macroeconomic Law of Supply and Demand

 

#LearnEconomics#Inflation is a #MacroEconomic phenomenon. Attached is the axiomatically correct elementary #LawOfSupplyAndDemand. It tells one that neither #Employment nor #Expectations nor the #QuantityOfMoney is among the #PriceDeterminants. pic.twitter.com/TKHF3LfCMJ

— E.K-H (@AXECorg) May 15, 2023

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

 

#LearnEcon

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

Down with idiocy!https://t.co/hqVhuAXz8l pic.twitter.com/PwZQtq8NkG

— E.K-H (@AXECorg) May 15, 2023

Occasional Tweets: No false-hero memorials (XIII)

 

#Econ#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. Economic policy guidance never has had sound scientific foundations pic.twitter.com/CA1kagkuip

— E.K-H (@AXECorg) May 14, 2023

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

 

The history of economic thought is the history of scientific failure. The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Econ is scientifically worthless. The representative #Economist is not a #Scientist but a #PolitClown. pic.twitter.com/uDhhY0VLla

— E.K-H (@AXECorg) May 14, 2023

Occasional Tweets: Chicago is still a leading producer of proto-scientific garbage

 

#Economics is #FailedFakeScience. The representative #Economist is NOT a #Scientist but a #Clown in the political #CircusMaximus. Friedman is a case in point.⇒https://t.co/b3edQjNEXv
After some rebranding, Chicago is still a leader in the production of proto-scientific garbage. pic.twitter.com/zXXewCfg7t

— E.K-H (@AXECorg) May 14, 2023

Occasional Tweets: Economics is not science but disinfotainment (IX)

 

#Economics

The history of economic thought is the history of scientific failure. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. The Friedman/Tobin #Inflation #TalkShow is just another example. pic.twitter.com/4mzZtduN4f

— E.K-H (@AXECorg) May 14, 2023

Occasional Tweets: Control of the fiat money system ― the exact spot where the fraud happens

 

#Economics#FailedFakeScience#Money

The problem is NOT centrally produced fiat money. The point is whether it is injected at the supply side/wage bill (→ right) or on the demand side via #DeficitSpending (→ wrong).

Criminals and the monetary orderhttps://t.co/Iq1lVxePy1

— E.K-H (@AXECorg) May 14, 2023

For more about money see AXECquery.  

Occasional Tweets: Adam Smith ― the founding father of feelie-goodie blather

 

#Econ#FailedFakeScience#AdamSmith

This virtue stuff is NOT #Economomics, NOT #Science, NOT #Philosophy but tautological feelie-goodie blather.#NoFalseHeroMemorials pic.twitter.com/1UdwXS349N

— E.K-H (@AXECorg) May 13, 2023

Occasional Tweets: Dear Psycho-Economists, profit does not come from greed but from deficit-spending / money-creation

 

#LearnEcon

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. #Profit in the so-called #FreeMarketEconomy does NOT come from #Greed but from the #State i.e. #Treasury / #CB. pic.twitter.com/dHuqfRfobt

— E.K-H (@AXECorg) May 13, 2023

Occasional Tweets: The history of economic thought is the history of scientific failure (IX)

 

The history of economic thought is the history of scientific failure. The “fantastic event @GoldsmithsUoL on Vicky Chick and Geoff C. Harcourt’s works and legacy” is just another proof. The representative #Economist is an #AgendaPusher / #Clown in the political #CircusMaximus. pic.twitter.com/mGUwCubub0

— E.K-H (@AXECorg) May 13, 2023

Occasional Tweets: The economics of media / journalism

 

#Economics#Media

The economic reality for 100+ yrs is that #Media / #Journalists are owned by the Oligarchy and their function is #DisInfoTainment. The stories of heroic #Journalists who fight for #Truth / #Humanity are just journalistic #SelfHype.

— E.K-H (@AXECorg) May 13, 2023

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

 

#Econ#FailedFakeScience#ScientificIncompetence#Economics is NOT a #MoralScience but #FailedFakeScience. #Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra. The whole of #Economics i.e. micro/macro is scientifically worthless to this day. pic.twitter.com/Udn3vo1jEW

— E.K-H (@AXECorg) May 13, 2023

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

 

#Economics#FailedFakeScience#Keynes got macroeconomic #Profit wrong because he was too stupid for elementary #Algebra. #Keynesians don't get it to this day.

Why Post Keynesianism Is Not Yet a Sciencehttps://t.co/Enj3OnlOWK pic.twitter.com/gAGPXkeiJM

— E.K-H (@AXECorg) May 12, 2023

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

Occasional Tweets: Inspired by Marx and Keynes? ― how economists expose themselves as incompetent scientists

 

#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economists are NOT #Scientists but #AgendaPushers / #Clowns in the political #CircusMaximus. ⇒https://t.co/ps2MeC9d4M

— E.K-H (@AXECorg) May 12, 2023

For more about Marx see AXECquery.

For more about Keynes see AXECquery. 

Occasional Tweets: The common cause of macroeconomic price and profit increases

 

#LearnEconomics

The macroeconomic #LawOfSupplyAndDemand and the #ProfitLaw tell one exactly how avg #Price P & total #Profit Qm move as a function of avg #WageRate W, avg Productivity R & overall #DeficitSpendingMoneyCreation ρE ― which is the common cause. pic.twitter.com/sIJLCaQUPC

— E.K-H (@AXECorg) May 12, 2023

Occasional Tweets: Economic policy guidance has never had sound scientific foundations (XV)

 

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

Economics: The greatest scientific fraud in modern timeshttps://t.co/S3ErelutCa pic.twitter.com/jvwa57ztly

— E.K-H (@AXECorg) May 12, 2023

Occasional Tweets: Economic policy guidance has never had sound scientific foundations (XIV)

 

#Walrasianism, #Keynesianism, #Marxianism, #Austrianism are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic policy guidance has NO sound scientific foundations. #Economists are just #AgendaPushers / #Clowns in the political #CircusMaximus. pic.twitter.com/ZFVLozCqFt

— E.K-H (@AXECorg) May 12, 2023

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

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

 

#LearnEcon

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. If gov spending G increases and taxes T decreases macroeconomic #Profit Q goes to #Maximum. #DeficitSpendingMoneyCreation i.e. growing #PublicDebt is a #FreeLunch for the #Oligarchy. pic.twitter.com/SIL422uUil

— E.K-H (@AXECorg) May 11, 2023

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

 

#FailedFakeScience#MMT

The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. Many #MMTers are also still #EconBlockers.

The page where Stephanie Kelton gets macroeconomics wrong https://t.co/CNFDkXM1Ki pic.twitter.com/tF1lvaa6Ks

— E.K-H (@AXECorg) May 10, 2023

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

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

 

#Economics#FailedFakeScience#MacroFoundations#NoFalseHeroMemorials#Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra. After-Keynesians don't get it to this day. Cross-ref ⇒https://t.co/TGTkAwX778 pic.twitter.com/fG6mM94ceZ

— E.K-H (@AXECorg) May 10, 2023

Occasional Tweets: Never change a winning business model

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the policy of #DeficitSpendingMoneyCreation i.e. growing #PublicDebt is a #FreeLunch for the #Oligarchy. Therefore, “The United States is not going to default. It never has and it never will.” pic.twitter.com/LVySrUb15F

— E.K-H (@AXECorg) May 10, 2023

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

Occasional Tweets: Deficit-spending/money-creation is always a bad deal for WeThePeople ― to paint it green makes no difference

 

#PublicDebt increases for 200+ yrs. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation i.e. growing #Debt is a #FreeLunch for the #Oligarchy & a #BadDeal for #WeThePeople. ⇒https://t.co/YnttTKssWs pic.twitter.com/TvKnSuj07E

— E.K-H (@AXECorg) May 10, 2023

Occasional Tweets: Economics needs a Paradigm Shift but economists are unable to do that because it amounts to self-annihilation

 

#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. pic.twitter.com/5rOJyal35a

— E.K-H (@AXECorg) May 10, 2023

Related 'First Lecture in New Economic Thinking' 

Occasional Tweets: It is beginning to dawn on some academic economists that they themselves messed up economics

 

For 200+ yrs, #Economics is #FailedFakeScience. The various #MicroFoundations approaches are axiomatically false. So are Keynesian #MacroFoundations. ALL got #Profit wrong. For the inescapable #ParadigmShift to the true set of macroeconomic #Axioms see refhttps://t.co/rf8n0xkhRA pic.twitter.com/KyJRKMXC2G

— E.K-H (@AXECorg) May 9, 2023

For details of the big picture see cross-references Failed/Fake Scientists.

 

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

 

#Economics#EconomicWarfare#KillNordStream

The idea to turn off the gas tap and create an ARTIFICIAL #Scarcity was originally (2016) by Mr. Habeck. So, there is NO such thing as an “emergency shortage”. Also, #Transformation is NOT #ClimatePolicy but #ForeignPolicy. pic.twitter.com/XlJyodGzhY

— E.K-H (@AXECorg) May 9, 2023

Occasional Tweets: Disentangling the Zero-Sum Fallacy

 

#ZeroSum

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 is eternally taxed for #Interest, #Oligarchy owns the #FinancialAssets. pic.twitter.com/JpjmIT3rl6

— E.K-H (@AXECorg) May 8, 2023

For more about zero-sum economics see AXECquery. 

Occasional Tweets: The futile attempt to recycle political economics (III)

 

#Econ

The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is NOT #Science. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #Clown in the political #CircusMaximus. Lucas is a good example. pic.twitter.com/gefhCvkWGo

— E.K-H (@AXECorg) May 8, 2023

Occasional Tweets: J. S. Mill was a champion of science

 

#Economics#FailedFakeScience

J. S. Mill was a champion of #Science and made it clear to his stupid/corrupt fellow economists that political #AgendaPushing was antithetical to science.

Mill's reminder ― economics as a science has no political mandatehttps://t.co/SbIYqmyDEJ pic.twitter.com/Qd9VzMk1ML

— E.K-H (@AXECorg) May 8, 2023

For more about the separation of science/politics see AXECquery. 

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

 

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

Hayek was not an economisthttps://t.co/vKqQUeyNq8

— E.K-H (@AXECorg) May 8, 2023

Occasional Tweets: Is the US-Oligarchy suicidal? (I)

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy which is the #LifeFormula of #Capitalism. Adherence to the #DebtCeiling would be #Suicide for the so-called #FreeMarketEconomy. pic.twitter.com/bnm5QjtsJX

— E.K-H (@AXECorg) May 8, 2023

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

 

#Economics#FailedFakeScience

The history of economic thought is the history of scientific failure. Adam Smith 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/e7xfVOrMVK

— E.K-H (@AXECorg) May 7, 2023

Occasional Tweets: Economics ― just disinfotainment and self-hype (III)

 

#WhatEconomicsIs

The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is NOT #Science. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #Clown in the political #CircusMaximus.#DefundEcon pic.twitter.com/VFX56mMM99

— E.K-H (@AXECorg) May 7, 2023

Occasional Tweets: The futile attempt to recycle von Mises (III)

 

#Economics#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. von Mises never figured out what profit is and this is absolutely self-disqualifying for an #Economist.

— E.K-H (@AXECorg) May 7, 2023

Occasional Tweets: Clueless economists / Phillips Curve (V)

 

#LearnEcon

Due to the lack of correct #MacroFoundations, Samuelson et al. in their scientific incompetence messed up the original #PhillipsCurve. Neither Krugman nor Eggertson realized it to this day.

NAIRU, wage-led growth, and Samuelson's Dyscalculiahttps://t.co/qDrdo8Hdey

— E.K-H (@AXECorg) May 7, 2023

Occasional Tweets: No false-hero memorials (XII)

 

#Marx never came to grips with #Profit.

Karl Marx, fake scientisthttps://t.co/lBCFcW3iFn

Capitalism, poverty, exploitation, and cross-over exploitationhttps://t.co/eoT7bMyStZ

Here is the long-overdue scientific death certificate for Marx and Marxistshttps://t.co/0nuL197899

— E.K-H (@AXECorg) May 6, 2023

 

For more about Marx see AXECquery.

Occasional Tweets: The history of economic thought is the history of scientific failure (VIII)

 

#Econ#FailedFakeScience

The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus.#DefundEconomics pic.twitter.com/gcO1FM4hk0

— E.K-H (@AXECorg) May 6, 2023

Related 'The GDP death blow for the economics profession'. 

 

Occasional Tweets: There is nothing to celebrate on Macro Day

 

#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/0OL9YaXiCt

— E.K-H (@AXECorg) May 6, 2023

For more about macrofoundations see AXECquery. 

Occasional Tweets: The economist's point of view is still scientifically worthless

 

#Economics

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. Economics is scientifically worthless to this day. pic.twitter.com/E3wJPEJssP

— E.K-H (@AXECorg) May 6, 2023

For details of the big picture see cross-references Proto-Science/Cargo Cult Science/Fake Science. 

Occasional Tweets: The 'eternal' self-alimentation of the Oligarchy ― how does it work? (I)

 

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. Increasing #PublicDebt generates #Profit/#Interest as a #FreeLunch ie enables eternal #SelfAlimentation.

— E.K-H (@AXECorg) May 5, 2023

Related From the debt economy to the gift economy: how America is brainwashed to love budget deficits

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

 

Occasional Tweets: The basics about inflation (V)

 

#LearnEconomics#Inflation

The macroeconomic #LawOfSupplyAndDemand and the #ProfitLaw tell one exactly how avg #Price P & total #Profit Qm move as a function of avg #WageRate W, avg Productivity R & overall #DeficitSpendingMoneyCreation ρE. pic.twitter.com/8MhdQc0QVR

— E.K-H (@AXECorg) May 5, 2023

For more about inflation see AXECquery. 

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

 

#MMT#DoubleWopper

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #PrivateFinancialWealth grows with #PublicDebt and in the form of #Bonds becomes the permanent interest #CashCow for the #Oligarchy. #Interest is taxed from #WeThePeople. pic.twitter.com/3fKvAg4aiI

— E.K-H (@AXECorg) May 5, 2023

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