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.
The 3-sec. #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Their #FinancialWealth grows with #PublicDebt. So, #Deficit cheerleaders & #DebtLimit bashers actually work against #WeThePeople.
— E.K-H (@AXECorg) July 31, 2023
#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) July 31, 2023
The GDP-death-blow for the economics professionhttps://t.co/QJycQUh0Uj
The U.S. political system is an #Oligarchy with Congress/Treasury/Fed/Banks/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit i.e. Mr. Biden's #DeficitSpendingMoneyCreation generates the #FreeLunch that keeps the system going. pic.twitter.com/sq3AFsOzxt
— E.K-H (@AXECorg) July 30, 2023
#Economics#FailedFakeScience#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/GFdAvgXcGD
— E.K-H (@AXECorg) July 30, 2023
#Econ#FailedFakeScience
— E.K-H (@AXECorg) July 30, 2023
'I don't think you should trust #Economics. The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. With a couple of clicks through #SocialMedia, you see that it is proto-scientific garbage.' (AXEC) pic.twitter.com/SDtP5jdiNk
#Economics#FailedFakeScience
— E.K-H (@AXECorg) July 29, 2023
'Look, I am an #Economist, & we folks do not understand for 200+ yrs that the macroeconomic #EmploymentLaw implies higher prices P = lower employment L & I am interested in how you're are feeling about that.' Cross-ref ⇒https://t.co/gjD0JomQtf pic.twitter.com/rEHfGg19qa
#Economics#FailedFakeScience
— E.K-H (@AXECorg) July 29, 2023
The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. Economic #PolicyGuidance has NEVER had sound scientific foundations. pic.twitter.com/GVHvjgqADM
#Economics
— E.K-H (@AXECorg) July 29, 2023
The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic #PolicyGuidance has NEVER had sound scientific foundations. To call one's book a #MoonshotGuide is unintended self-foolery. ⇒https://t.co/nUCjoGe97D pic.twitter.com/3ylEUO9tEJ
The U.S. political system is an #Oligarchy with Congress/Treasury/Fed/Banks/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit i.e. #DeficitSpendingMoneyCreation generates the #Profit/#FreeLunch that is recycled to buy #Policy.
— E.K-H (@AXECorg) July 29, 2023
#Economics#FailedFakeScience
— E.K-H (@AXECorg) July 29, 2023
The representative #Economist is NOT a #Scientist but an #AgendaPusher / #Clown in the political #CircusMaximus. To this day, they don't get macro #Profit (3-sector → Q≡(G−T)+(I−S)+Yd) right. #MMT is a case in point. ⇒https://t.co/CNFDkXM1Ki pic.twitter.com/IL6j9MmABm
#FailedFakeScience
— E.K-H (@AXECorg) July 27, 2023
The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #EconTeachers don't get it to this day.
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So #PrivateFinancialWealth grows with #PublicDebt which is the interest #CashCow of the #Oligarchy. By reshuffling the #Debt (buy high, sell low) & taking losses the #CBs act as direct #ProfitPump.
— E.K-H (@AXECorg) July 27, 2023
#HowItWorks
— E.K-H (@AXECorg) July 27, 2023
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 the U.S. #Economy. pic.twitter.com/GpUCwnLaWf
#Economics#FailedFakeScience#StoryTelling and #ThoughtExperiments are quite different things. Adam Smith was a #StoryTeller who NEVER understood what #Profit is and how the economic #System works.
— E.K-H (@AXECorg) July 27, 2023
Narrative economics and the imperatives of the sitcomhttps://t.co/zc99rWEnTK pic.twitter.com/Ye9vAdnt9M
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 i.e. #DeficitSpendingMoneyCreation is for their benefit. ⇒ Links on #Austerityhttps://t.co/nsoHK9Oalh
— E.K-H (@AXECorg) July 27, 2023
#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is NOT #Science, #Economists are NOT #Scientists ― they are #AgendaPushers/#Clowns in the political #CircusMaximus. pic.twitter.com/1jO03sbq7D
— E.K-H (@AXECorg) July 26, 2023
#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is NOT #Science, #Economists are NOT #Scientists. #Econ is part of the #DisInfoTainment industry. pic.twitter.com/295mtuj0K4
— E.K-H (@AXECorg) July 26, 2023
#Economics
— E.K-H (@AXECorg) July 25, 2023
The idea to turn off the gas tap & create an artificial/inflationary #Scarcity was originally (2016) by Mr. Habeck. As a minister, he & the supportive academic #Economists bear the responsibility for the ruin of the GER #Economy & the #Impoverisment of #WeThePeople.
The UK political system is an #Oligarchy. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #PrivateFinancialWealth grows with #PublicDebt & in the form of #Bonds becomes the Oligarchy's eternal #Interest #CashCow. #Interest is taxed from #WeThePeople. pic.twitter.com/QoGwpIpaFT
— E.K-H (@AXECorg) July 25, 2023
#Econ#FailedFakeScience
— E.K-H (@AXECorg) July 24, 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. #Academia has finally become an integral part of the #DisInfoTainment industry. pic.twitter.com/h4wVUfReUJ
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.
— E.K-H (@AXECorg) July 24, 2023
Keynes, Lerner, MMT, Trump, Biden, and exploding profithttps://t.co/ABFUc41eMs pic.twitter.com/QYsa0o7FCb
#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economics is NOT #Science, economists are NOT #Scientists. pic.twitter.com/jwgyVFAenJ
— E.K-H (@AXECorg) July 24, 2023
#Econ#Economics is #FailedFakeScience. The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economists are NOT #Scientists but political #AgendaPushers/#Clowns. The #BoE book is a case in point. ⇒https://t.co/QJycQUh0Uj pic.twitter.com/jSkwC1LZWd
— E.K-H (@AXECorg) July 23, 2023
#FailedFakeScience
— E.K-H (@AXECorg) July 22, 2023
Bc they are too stupid for elementary #Algebra, #Economists never got the foundational concept of their subject matter ― #Profit ― right. This is the #KnowledgeProblem of #Economics & the reason why it is scientifically worthless. ⇒https://t.co/QJycQUh0Uj
#FailedFakeScience
— E.K-H (@AXECorg) July 21, 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 / #UsefulIdiot / #Clown in the political #CircusMaximus. pic.twitter.com/riYXt6QJOi
The U.S. political system is an #Oligarchy with Congress/Treasury/Fed/Banks/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit i.e. #DeficitSpendingMoneyCreation generates the #Profit/#FreeLunch that is recycled to buy #Policy. pic.twitter.com/tbbQuuLBrU
— E.K-H (@AXECorg) July 21, 2023
#Economics#FailedFakeScience#DisInfoTainment
— E.K-H (@AXECorg) July 21, 2023
Reminder: Academic #Economists who parade their kids, pets, & foods on #EconTwitter have NO idea what #Science is all about but are #AgendaPushers / #SalesReps / #StoryTellers / #Clowns in the political #CircusMaximus. pic.twitter.com/TlFJXxov62
#Economics#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong.
— E.K-H (@AXECorg) July 21, 2023
Macroeconomics for dummies (I)https://t.co/VtpOPgV8cQ
#Autopoiesis
— E.K-H (@AXECorg) July 20, 2023
The U.S. political system is an #Oligarchy with Congress/Treasury/Fed/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit i.e. #DeficitSpendingMoneyCreation generates their continued #Profit/#Interest #FreeLunch.
#Econ
— E.K-H (@AXECorg) July 20, 2023
Economics claims to be #Science but is NOT. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #StoryTeller / #Clown in the political #CircusMaximus. It started 200+ years ago, today #Economics is an integral part of the #DisInfoTainment industry.
#FailedFakeScience
— E.K-H (@AXECorg) July 20, 2023
The representative #Economist is NOT a #Scientist but an #AgendaPusher / #Clown in the political #CircusMaximus. #Austrians still have NO idea what #Profit is & how the economic #System works. Their #PolicyGuidance has NEVER had sound scientific foundations.
#FailedFakeScience#Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra. Therefore, #Economics is scientifically worthless to this day. Will #AI come up with the correct #MacroFoundations & lift #Econ above the level of proto-scientific garbage? pic.twitter.com/nNzjoUCcNo
— E.K-H (@AXECorg) July 19, 2023
#LearnEconomics
— E.K-H (@AXECorg) July 18, 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/P2k02n7uTJ
The U.K. political system is an #Oligarchy with Parliament/Treasury/CB/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit ie. #DeficitSpendingMoneyCreation (=growth of #PublicDebt) generates their #Profit/#Interest #FreeLunch. pic.twitter.com/mw2n5221s1
— E.K-H (@AXECorg) July 18, 2023
#Economics#FailedFakeScience
— E.K-H (@AXECorg) July 15, 2023
The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. It is NOT a young person's game but proto-scientific garbage of all ages. pic.twitter.com/tZjxh5KydS
#LearnEconomics#Employment#Price#Wage
— E.K-H (@AXECorg) July 15, 2023
The axiomatically correct macroeconomic #EmploymentLaw tells one that #Employment L decreases (#UnEmployment increases) if the avg price P rises faster than the avg wage rate W. NO trade-off. Cross-ref ⇒https://t.co/gjD0JomQtf pic.twitter.com/4uvY5SyOmN
#LearnEconomics
— E.K-H (@AXECorg) July 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/Y0EGHQIxFv
#Econ
— E.K-H (@AXECorg) July 14, 2023
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. So, #Deficit cheerleaders & #DebtLimit bashers are functional #OliTrolls. pic.twitter.com/4IeWTke6rb
#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 / #Subjectivity/ #Wellbeing/#Happiness. Cross-ref⇒https://t.co/ENmXGsBMvD pic.twitter.com/BFDGWHkPJO
— E.K-H (@AXECorg) July 13, 2023
#MarketEconomy.
— E.K-H (@AXECorg) July 13, 2023
The 3-sec. #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Their #FinancialWealth grows with #PublicDebt. In the form of #Bonds, it becomes the eternal #Interest #CashCow. pic.twitter.com/Bdx0qrVQ47
#Economics#FailedFakeScience#Keynes got macroeconomic #Profit wrong because he was too stupid for elementary #Algebra. So, #MacroEconomics has been scientifically worthless from the beginning. Economic #PolicyGuidance is just brain-dead political agenda-pushing to this day. pic.twitter.com/anX8LjY2sL
— E.K-H (@AXECorg) July 13, 2023
#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) July 13, 2023
Marshall and the Cambridge School of plain economic gibberishhttps://t.co/7Pr9uG2TmV
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Their #FinancialWealth grows with #PublicDebt. This is why 'political' #Economists are #Deficit cheerleaders & #DebtLimit bashers.
— E.K-H (@AXECorg) July 11, 2023
The GER political system is an #Oligarchy. Parliament/Treasury/CB/BigBusiness are integral parts of it. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Private #FinancialWealth grows with #PublicDebt. This is the #LifeFormula of the “market economy”. pic.twitter.com/xN5bhVogJ2
— E.K-H (@AXECorg) July 11, 2023
#Economics is #FailedFakeScience. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. #EconomicPolicyGuidance has NEVER had sound scientific foundations. There is NO such thing as a #Wirtschaftsweiser.
— E.K-H (@AXECorg) July 10, 2023
#FailedFakeScience#Keynes got macroeconomic #Profit wrong because he was too stupid for elementary #Algebra. Bc the foundational concepts are mathematically false, #Economics is scientifically worthless to this day.
— E.K-H (@AXECorg) July 10, 2023
Profit (not mathematics) is the keyhttps://t.co/9nQoNwvzHn pic.twitter.com/1R1IzUHDRY
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Their #FinancialWealth grows with #PublicDebt. This is why 'political' #Economists are #Deficit cheerleaders & #DebtLimit bashers.
— E.K-H (@AXECorg) July 9, 2023
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/WwepMVxDd7
— E.K-H (@AXECorg) July 8, 2023
#Economics
— E.K-H (@AXECorg) July 7, 2023
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. This is why #Economists constantly rant against the #Schuldenbremse. pic.twitter.com/uXc6tX3Wv9
#Econ#Economics is #FailedFakeScience. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. Their education consists primarily of telling them how to be published in the FT and to be sponsored by KPMG. pic.twitter.com/JjtrffXbTS
— E.K-H (@AXECorg) July 7, 2023
#Economics#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Keynes was too stupid for macroeconomic #Algebra but after-Keynesians don't get it to this day. pic.twitter.com/zz9Ko0PxWf
— E.K-H (@AXECorg) July 7, 2023
#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic #PolicyGuidance has NEVER had sound scientific foundations. Waving the flag of #Liberalism/#Democracy is a poor substitute. pic.twitter.com/u8pd7fViDB
— E.K-H (@AXECorg) July 7, 2023
#LearnEconomics
— E.K-H (@AXECorg) July 7, 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/txhhKfFI0M
#Econ#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. The production of proto-scientific garbage is independent of age.
— E.K-H (@AXECorg) July 7, 2023
#HowItWorks
— E.K-H (@AXECorg) July 6, 2023
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. In the form of #Bonds, it becomes an eternal #Interest #CashCow. pic.twitter.com/aMcMLkHWr7
#Econ
— E.K-H (@AXECorg) July 6, 2023
The idea to turn off the gas tap & create an artificial/inflationary #Scarcity was originally (2016) by Mr. Habeck. He is now in the execution phase. #WeThePeople are NOT afraid of the #WärmeWende but of the #ZeitenWende / #KillNordStream folks & their academic supporters. pic.twitter.com/rSfxWYP4lZ
#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) July 6, 2023
How the intelligent non-economist can refute every economist hands down
Paperhttps://t.co/CfmwBuMFU0
Bloghttps://t.co/Nnw8UZURvB
#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/3dVjyf01KT
— E.K-H (@AXECorg) July 5, 2023
#Economics
— E.K-H (@AXECorg) July 5, 2023
The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Historians still have not figured that out. pic.twitter.com/9InBLWMSNC
#Economics
— E.K-H (@AXECorg) July 4, 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. There is NO #Surprise/#Crisis, #WeThePeople has to pay for the #Zeitenwende #War. pic.twitter.com/fyS70Fw9J9
#Economics#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic #PolicyGuidance has NEVER had sound scientific foundations. The SVR is a case in point. pic.twitter.com/9PdiXQ6oTp
— E.K-H (@AXECorg) July 4, 2023
#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. #Economists are still peddling proto-scientific garbage. pic.twitter.com/qeMtDN3L2z
— E.K-H (@AXECorg) July 3, 2023
#Economics#War#EconomicWarfare
— E.K-H (@AXECorg) July 1, 2023
USA/EUR is at war with RUS. War means #WarEconomy = #DeclineOfProsperity / #Impoverishment / #DeficitSpendingMoneyCreation / Increase of #PublicDebt / #Inflation bc in real terms it is ALWAYS #WeThePeople who pays for the war.
#Economics
— E.K-H (@AXECorg) July 1, 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 #PolicyGuidance has NEVER had sound scientific foundations. #Economists still have not figured that out. pic.twitter.com/70QxNPMhmS
#LearnEconomics
— E.K-H (@AXECorg) July 1, 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/fcsA9ZaSTP