#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) June 30, 2023
The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. #Bidenomics is just the latest fad of proto-scientific garbage. pic.twitter.com/XzMe9Pyeq5
This blog connects to the AXEC Project which applies a superior method of economic analysis. The following comments have been posted on selected blogs as catalysts for the ongoing Paradigm Shift. The comments are brought together here for information. The full debates are directly accessible via the Blog-References. Scrap the lot and start again―that is what a Paradigm Shift is all about. Time to make economics a science.
June 30, 2023
Occasional Tweets: The foul spirit of political economics (V)
Occasional Tweets: How it works (IV)
The US political system is an #Oligarchy with Congress/Treasury/Fed/BigBusiness as integral parts. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the growth of #PublicDebt generates macro #Profit Q i.e. the Oligarchy's permanent #FreeLunch. pic.twitter.com/dZ9D9iaB7o
— E.K-H (@AXECorg) June 30, 2023
Occasional Tweets: Economics still lacks correct macrofoundations (III)
#Economics#FailedFakeScience#Keynes got macroeconomic #Profit wrong because he was too stupid for elementary #Algebra. So, #MacroEconomics has been scientifically worthless from the beginning. The representative #Economist doesn't get it to this day. pic.twitter.com/HqcnhxYe9M
— E.K-H (@AXECorg) June 30, 2023
June 29, 2023
Occasional Tweets: The foul spirit of political economics (IV)
#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Bidenomics is just the latest fad of proto-scientific garbage.
— E.K-H (@AXECorg) June 29, 2023
For details of the big picture see cross-references Political Economics/Stupidity/Corruption.
June 28, 2023
Occasional Tweets: The foul spirit of political economics (III)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) June 28, 2023
Since Adam Smith, #Economists do NOT understand what #Profit is and how the economic #System works. #PolicyGuidance has NEVER had sound scientific foundations. MPS NEVER has been more than a political busybody meeting. ⇒https://t.co/2u1kl3igqF
Occasional Tweets: Morons and agenda pushers (II)
The history of economic thought is the history of scientific failure. Like A. Smith, K. Marx NEVER understood what #Profit is & how the economic #System works. Bc the #OntologyOfProfit is false, #Economics is scientifically worthless to this very day. ⇒https://t.co/MvJ9hEwovw
— E.K-H (@AXECorg) June 28, 2023
For more about morons in economics see AXECquery.
Occasional Tweets: The foul spirit of political economics (II)
#Economics
— E.K-H (@AXECorg) June 28, 2023
The idea to turn off the gas tap & create an artificial/inflationary #Scarcity was originally (2016) by Mr. Habeck. As economics minister, he is the #DemolitionMan for the GER #Economy. His #ZeitenWende policy has been supported from the beginning by #Academia/#Media.
Occasional Tweets: Economics still lacks correct macrofoundations (II)
#Economics#FailedFakeScience#Keynes got macroeconomic #Profit wrong because he was too stupid for elementary #Algebra. Because of this, #MacroEconomics is scientifically worthless to this day. Plural #Economists NEVER have had any idea how the #Economy works. pic.twitter.com/JBDCyoGzZu
— E.K-H (@AXECorg) June 28, 2023
For more about macrofoundations see AXECquery.
Occasional Tweets: The 'eternal' self-alimentation of the Oligarchy ― how does it work? (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. #DeficitSpendingMoneyCreation & rising #Interest is significantly increasing the Oligarchy's #FreeLunch. pic.twitter.com/k7duFYpq4C
— E.K-H (@AXECorg) June 28, 2023
June 27, 2023
Occasional Tweets: The basics about inflation (IX)
#LearnEconomics
— E.K-H (@AXECorg) June 27, 2023
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/wiqaTlEjI6
June 26, 2023
Occasional Tweets: The 'eternal' self-alimentation of the Oligarchy ― how does it work? (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 macro #Profit Q i.e. secures the Oligarchy's self-alimentation. pic.twitter.com/nqKfrTtsOy
— E.K-H (@AXECorg) June 26, 2023
Occasional Tweets: The scientific value of economics is zero (II)
#Econ#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Bc #Economists do not get the elementary concepts/facts right, #Economics is scientifically worthless. pic.twitter.com/zUffdQ1dZ8
— E.K-H (@AXECorg) June 26, 2023
Occasional Tweets: Economics is not science but disinfotainment (XXII)
#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) June 26, 2023
Reminder: Academic #Economists who parade their kids, pets, & foods on #EconTwitter have NO idea what #Science is all about but are #AgendaPushers / #SalesReps / #Clowns in the political #CircusMaximus. pic.twitter.com/bIpLNvzd0D
June 25, 2023
Occasional Tweets: Economics is NOT a social science but a systems science (III)
#FailedFakeScience
— E.K-H (@AXECorg) June 25, 2023
Veblen was a #Sociologist and NOT an #Economist. He had NO idea how the #Economy works. #Economics is a #SystemsScience & NOT a #SocialScience i.e. NOT about #HumanNature / #Motives / #Behavior / #Choice / #Actions / #Incentives / #Happiness / #SalesPromotion.
June 24, 2023
Occasional Tweets: Economists are not scientists but storytellers (IV)
#Economics#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless.
— E.K-H (@AXECorg) June 24, 2023
The economist as storytellerhttps://t.co/Lroo52Puto
Occasional Tweets: How it works (III)
Public debt increases for 200+ yrs. The 3-sector #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 #Capitalism. pic.twitter.com/5Jq925GiuJ
— E.K-H (@AXECorg) June 24, 2023
June 22, 2023
Occasional Tweets: Economists ― 200+ years of scientific incompetence (III)
#Economics#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/1waCoRrVAg
— E.K-H (@AXECorg) June 22, 2023
Occasional Tweets: Economics is not science but disinfotainment (XXI)
#Economics#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/UoBfAS06ck
— E.K-H (@AXECorg) June 22, 2023
June 21, 2023
Occasional Tweets: Economics is NOT a social science but a systems science (II)
#Econ#FailedFakeScience#Economics is about how the #Economy behaves. It is a #SystemsScience & NOT a #SocialScience i.e. NOT about #HumanNature / #Motives / #Behavior / #Choice / #Actions / #Incentives / #Happiness. Cross-ref ⇒https://t.co/ENmXGsBMvD
— E.K-H (@AXECorg) June 21, 2023
For more about social science see AXECquery.
June 20, 2023
Occasional Tweets: Economics ― just disinfotainment and self-hype (IX)
#Economics#FailedFakeScience#SVR#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/wTYZpflJLy
— E.K-H (@AXECorg) June 20, 2023
For details of the big picture see cross-references Political Economics/Stupidity/Corruption.
Occasional Tweets: The futile attempt to recycle Keynesianism (XXI)
#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. pic.twitter.com/M87v0ttgCj
— E.K-H (@AXECorg) June 20, 2023
June 19, 2023
Occasional Tweets: Economics ― just disinfotainment and self-hype (VIII)
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. Better read the Brothers Grimm. pic.twitter.com/02NV0q1nFc
— E.K-H (@AXECorg) June 19, 2023
Occasional Tweets: Economics is not science but disinfotainment (XX)
#Econ
— E.K-H (@AXECorg) June 19, 2023
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.⇒https://t.co/QJycQUh0Uj pic.twitter.com/oeRjCD3kCV
For details of the big picture see cross-references Failed/Fake Scientists.
Occasional Tweets: Economics is not science but disinfotainment (XIX)
#Econ#EconomicWarfare
— E.K-H (@AXECorg) June 19, 2023
The idea to turn off the gas tap & create an artificial/inflationary #Scarcity was originally (2016) by Mr. Habeck. As economics minister, he is the #DemolitionMan for the GER #Economy. Meanwhile, #Academia/#Media/#SVR waffle about heating installations.
June 18, 2023
Occasional Tweets: The futile attempt to recycle Ricardo (IV)
“Economics is the study of the economy, not the study of economists.” (R. Reis)
— E.K-H (@AXECorg) June 18, 2023
The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong & it all started 200+ yrs ago.
Ricardo, too, got profit theory wronghttps://t.co/hAbgvDcx17
For more about Ricardo see AXECquery.
June 17, 2023
Occasional Tweets: Economics is not science but disinfotainment (XVIII)
#Economics claims to be #Science but is NOT. The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. The representative #Economist is an #AgendaPusher/#Clown in the political #CircusMaximus. #WeaponizingEthics = #BetrayalOfScience. pic.twitter.com/Wx7BnBka06
— E.K-H (@AXECorg) June 17, 2023
June 16, 2023
Occasional Tweets: The futile attempt to recycle Adam Smith (XXXIII)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) June 16, 2023
The history of economic thought is the history of scientific failure. Adam Smith NEVER understood what #Profit is and how the economic #System works. Nothing has changed in the meantime. ⇒https://t.co/s3zlXjwArK#NoFalseHeroMemorials pic.twitter.com/HuFvGVkmvJ
Occasional Tweets: Economics ― just disinfotainment and self-hype (VII)
#Econ#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. #EconomicPolicyGuidance has NEVER had sound scientific foundations. pic.twitter.com/VCLreOecRF
— E.K-H (@AXECorg) June 16, 2023
June 15, 2023
Occasional Tweets: Economics is not science but disinfotainment (XVII)
#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. The Fed's #EconomicPolicy has NEVER had sound scientific foundations. pic.twitter.com/csDRjiKoXh
— E.K-H (@AXECorg) June 15, 2023
June 14, 2023
Occasional Tweets: Economics is not science but disinfotainment (XVI)
#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. Whatever the Royal Economic Society is promoting it is NOT #Science. pic.twitter.com/XtvVcAqgDl
— E.K-H (@AXECorg) June 14, 2023
Occasional Tweets: The basics about inflation (VIII)
#LearnEconomics
— E.K-H (@AXECorg) June 14, 2023
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/sszLqkoUFq
June 13, 2023
Occasional Tweets: The futile attempt to recycle Adam Smith (XXXII)
#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) June 13, 2023
The history of economic thought is the history of scientific failure. Adam Smith NEVER understood what #Profit is and how the economic #System works. Nothing has changed in the meantime. ⇒https://t.co/s3zlXjwArK pic.twitter.com/xeMKAtCO05
June 12, 2023
Occasional Tweets: Paradigm Shift (II)
#Economics#FailedFakeScience#Walrasianism / #Keynesianism / #Marxianism / #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong: “I think that the discipline is in need of a major overhaul.” (Hausman) ⇒https://t.co/9YI1EQGsNK pic.twitter.com/ozhi2AXX0H
— E.K-H (@AXECorg) June 12, 2023
For more about Paradigm Shift see AXECquery.
Occasional Tweets: The futile attempt to recycle Keynesianism (XX)
#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth#Keynes got macroeconomic #Profit wrong because he was too stupid for elementary #Algebra. Bc of this, #MacroEconomics is scientifically worthless to this day. After-Keynesians never got it. pic.twitter.com/tXrs5xjFI8
— E.K-H (@AXECorg) June 12, 2023
June 11, 2023
Occasional Tweets: Economics ― just disinfotainment and self-hype (VI)
#Econ#FailedFakeScience#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 part of the #DisInfoTainment industry. ⇒https://t.co/Lroo52OWDQ
— E.K-H (@AXECorg) June 11, 2023
June 10, 2023
Occasional Tweets: Economics ― just disinfotainment and self-hype (V)
#Econ#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #EconomicPolicyGuidance has NEVER had sound scientific foundations. Any victory laps are unwarranted. pic.twitter.com/4JoQxBNxNT
— E.K-H (@AXECorg) June 10, 2023
Occasional Tweets: The inevitable Paradigm Shift requires a fresh start in terms of personnel
#Econ#Economics claims to be #Science but is NOT. The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. The representative #Economist is an #AgendaPusher / #Clown in the political #CircusMaximus. #Progress requires a #Reset. pic.twitter.com/1uWjpHYOti
— E.K-H (@AXECorg) June 10, 2023
June 9, 2023
Occasional Tweets: The futile attempt to recycle Adam Smith (XXXI)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) June 9, 2023
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 has NEVER had sound scientific foundations. ⇒https://t.co/s3zlXjwArK pic.twitter.com/Qj87WOkX0C
Occasional Tweets: The scientific value of economics is zero (I)
#Economics claims to be #Science but is NOT. The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. The representative #Economist is an #AgendaPusher / #Clown in the political #CircusMaximus. #Econ is scientifically worthless.
— E.K-H (@AXECorg) June 9, 2023
Occasional Tweets: No false-hero memorials (XVII)
#NoFalseHeroMemorials#Economics claims to be #Science but is NOT. The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. The representative #Economist is an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus.
— E.K-H (@AXECorg) June 9, 2023
For more about false-hero memorials see AXECquery.
Occasional Tweets: Economists are not scientists but storytellers (III)
#Econ#FailedFakeScience#Economics claims to be #Science but is NOT. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. They are storytellers since Adam Smith. ⇒https://t.co/Lroo52OWDQ pic.twitter.com/H3Ne3iDLfb
— E.K-H (@AXECorg) June 9, 2023
For details of the big picture see cross-references Failed/Fake Scientists.
Occasional Tweets: How economists' natural stupidity becomes more effective with artificial intelligence
#Econ
— E.K-H (@AXECorg) June 9, 2023
The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. Hayek NEVER understood what #Profit is & how the #Economy works but T. Cowen neither got it with #NaturalStupidity or #ArtificialIntelligence.
Occasional Tweets: Economics is not science but disinfotainment (XV)
#Keynes got macroeconomic #Profit wrong because he was too stupid for elementary #Algebra. Bc of this, #MacroEconomics is scientifically worthless to this day. After-Keynesians never got it. Robert Lucas was one of them.
— E.K-H (@AXECorg) June 9, 2023
Leaving Lucas behind for goodhttps://t.co/5d73MuXF8x pic.twitter.com/0EeVbTLaZf
June 8, 2023
Occasional Tweets: No false-hero memorials (XVI)
#FailedFakeScience
— E.K-H (@AXECorg) June 8, 2023
The merit of having bettered the life of an exploding world population belongs ultimately to real #Scientists and not to political #AgendaPushers like Adam Smith who NEVER understood what #Profit is and how the economic #System works.⇒https://t.co/s3zlXjwArK pic.twitter.com/WpWOD9I2AV
Occasional Tweets: The basics about inflation (VII)
#LearnEconomics
— E.K-H (@AXECorg) June 8, 2023
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/QZBES9aDqx
June 7, 2023
Occasional Tweets: Is the US-Oligarchy suicidal? (XIV) ― No, they go on as long as it goes
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/OtNjrGV56o
— E.K-H (@AXECorg) June 7, 2023
For more about the US-Oligarchy see AXECorg.
June 6, 2023
Occasional Tweets: The futile attempt to recycle Adam Smith (XXX)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) June 6, 2023
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 has NEVER had sound scientific foundations. ⇒https://t.co/s3zlXjwArK pic.twitter.com/8v15DMGAj4
June 5, 2023
Occasional Tweets: The futile attempt to recycle Adam Smith (XXIX)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) June 5, 2023
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 has NEVER had sound scientific foundations. ⇒https://t.co/s3zlXjwArK pic.twitter.com/9oMc3E1zQg
June 4, 2023
Occasional Tweets: Economic policy guidance has never had sound scientific foundations (XVI)
#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/4OF6mCMHGL
— E.K-H (@AXECorg) June 4, 2023
For details of the big picture see cross-references Political Economics/Stupidity/Corruption.
Occasional Tweets: The futile attempt to recycle Adam Smith (XXVIII)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) June 4, 2023
The history of economic thought is the history of scientific failure. Adam Smith NEVER understood what #Profit is and how the economic #System works.
The profit theory is false since Adam Smithhttps://t.co/s3zlXjwArK pic.twitter.com/UPeWVIOKqx
For details of the big picture see cross-references Profit/Distribution.
June 3, 2023
Occasional Tweets: Is the US-Oligarchy suicidal? (XIII) ― Lesson learned
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/8MX3Ea0abu
— E.K-H (@AXECorg) June 3, 2023
Occasional Tweets: Is the US-Oligarchy suicidal? (XII) ― No, everything turned out fine
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/QP661WvBiB
— E.K-H (@AXECorg) June 3, 2023
For more about the Oligarchy see AXECquery.
Occasional Tweets: Economists ― 200+ years of scientific incompetence (II)
#Econ#Incompetence
— E.K-H (@AXECorg) June 3, 2023
For 200+ yrs, #Economics claims to be #Science but is NOT. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #Clown in the political #CircusMaximus. #EconomicPolicyGuidance has had NO sound scientific foundations since Adam Smith.
Occasional Tweets: Economists ― 200+ years of scientific incompetence (I)
#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.
— E.K-H (@AXECorg) June 3, 2023
Leaving Lucas behind for goodhttps://t.co/5d73MuYcY5
For more about scientific incompetence see AXECquery.
June 2, 2023
Occasional Tweets: Is the US-Oligarchy suicidal? (XI)
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/kT2ZLCnu8b
— E.K-H (@AXECorg) June 2, 2023
Occasional Tweets: The futile attempt to recycle Adam Smith (XXVII)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) June 2, 2023
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/UJK4AnZGvb
Occasional Tweets: The basics about inflation (VI)
#LearnEconomics
— E.K-H (@AXECorg) June 2, 2023
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/XbNavzhWNh
Occasional Tweets: Is the US-Oligarchy suicidal? (X)
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/DvwM8Ux3nc
— E.K-H (@AXECorg) June 2, 2023
June 1, 2023
Occasional Tweets: The futile attempt to recycle MMT (XXIX)
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the #MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy.
— E.K-H (@AXECorg) June 1, 2023
N. Tankus, S. Hail, MMTpodcast, S. Kelton, P. Tcherneva, F. Kaboub are #EconBlockers i.e. #PolitClowns. pic.twitter.com/bkOKpqSfBy
Occasional Tweets: True macrofoundations (V)
#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. Ricardo Reis is NO exception. pic.twitter.com/qTBasAhtvs
— E.K-H (@AXECorg) June 1, 2023
Occasional Tweets: Is the US-Oligarchy suicidal? (IX)
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/gqGrLGwwyG
— E.K-H (@AXECorg) June 1, 2023