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.