Occasional Xs: How it works (LIX)

 

#LearnEconomics#Interest

There is an absolute #UpperLimit for the growth of public debt. It is determined by #InterestRate*#PublicDebt/ #PublicBudget=1. Practically it is reached much earlier. ⇒https://t.co/gtHNBANDrN

— E.K-H (@AXECorg) September 30, 2023

Occasional Xs: What economists really do (XXVII)

 

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

Biographies are #DisInfoTainment that distracts from the fact that #Economics is #FailedFakeScience & #Economists are NOT #Scientists but #AgendaPushers/#Clowns in the political #CircusMaximus.

— E.K-H (@AXECorg) September 30, 2023

Occasional Xs: Clueless economists / War (I)

 

USA/EUR/GER is at war with RUS. #WarEconomy means #DeclineOfProsperity / #Impoverishment / #SocialDeprivation / #DeficitSpendingMoneyCreation / increase of #PublicDebt / #Inflation bc in real terms, it is ALWAYS #WeThePeople who pays for the war.https://t.co/3yRXqXXPs9

— E.K-H (@AXECorg) September 30, 2023

Related 'How to pay for the war and to be bamboozled by economists'. 

Occasional Xs: The futile attempt to recycle Marx (XIII)

 

#Econ

The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Marx also did NOT understand how the economic #System works. He, too, was a #Clown in the political #CircusMaximus.

Karl Marx, fake scientisthttps://t.co/1E0x5HYg0X

— E.K-H (@AXECorg) September 30, 2023

Occasional Xs: The futile attempt to recycle MMT (XXXII)

 

#Economics#FailedFakeScience#MMT

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the #MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. pic.twitter.com/QNU4MCvfQ3

— E.K-H (@AXECorg) September 30, 2023

Occasional Xs: Economics still lacks correct macrofoundations (XIII)

 

#Econ

The history of #EconomicThought is the history of #ScientificFailure. #Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra. Things did not get better, #MacroEconomics is scientifically worthless to this day. Fabio Ghironi is living proof.

— E.K-H (@AXECorg) September 30, 2023

Occasional Xs: What economists really do (XXVI)

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, the policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Bigger is better, exploding #PublicDebt is best. Trillionaires are happy & #Economists praise #Bidenomics.

— E.K-H (@AXECorg) September 30, 2023

Occasional Xs: How it works (LVIII)

 

The US political system is an #Oligarchy with Congress/Treasury/Fed/BigBusiness as integral parts. The #ProfitLaw implies #PublicDeficitIsPrivateProfit. With #DeficitSpendingMoneyCreation/growing #PublicDebt, the #State ―not the #SpontaneousOrder― produces #FinancialWealth. pic.twitter.com/ussxMu3k8s

— E.K-H (@AXECorg) September 30, 2023

Occasional Xs: What economists really do (XXV)

 

The correct term for the current political system is #Oligarchy. It thrives on #DeficitSpendingMoneyCreation=growing #PublicDebt. The #ProfitLaw implies #PublicDeficitIsPrivateProfit. So, the #FreiheitlichOrdnung is a misnomer for the Oligarchy's self-alimentation with #Profit.

— E.K-H (@AXECorg) September 30, 2023

Occasional Xs: Economics is not science but disinfotainment (XLVII)

 

#WoodstockEconomics#ModernMonetaryTheory is NOT a scientific theory but political #AgendaPushing / #DisInfoTainment. Bc #MMT's sectoral balances equation is provably false the whole analytical superstructure is scientifically worthless. ⇒https://t.co/CNFDkXM1Ki

— E.K-H (@AXECorg) September 30, 2023

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

Occasional Xs: What economists really do (XXIV)

 

#Economics#FailedFakeScience#NoFalseHeroMemorials#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. vonMises is NO exception. He was NOT a #Scientist but a political #AgendaPusher.

— E.K-H (@AXECorg) September 30, 2023

Occasional Xs: What economists really do (XXIII)

 

The correct term for the current political system is #Oligarchy. It thrives on #DeficitSpendingMoneyCreation=growing #PublicDebt. The #ProfitLaw implies #PublicDeficitIsPrivateProfit. So, #Democracy/#MarketEconomy are misnomers for the Oligarchy's self-alimentation with #Profit. pic.twitter.com/YSTJpmHuL4

— E.K-H (@AXECorg) September 29, 2023

Occasional Xs: What economists really do (XXII)

 

#Econ#FailedFakeScience#Economics is NOT #Science but #DisInfoTainment. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot & #NewsAnchor for the NY weather report.

Links on Paul Krugman, proto-scientific impresariohttps://t.co/RRYQuNSgTU

— E.K-H (@AXECorg) September 29, 2023

Occasional Xs: Clueless economists / Inflation (X)

 

#Employment#Inflation

The axiomatically correct macroeconomic #EmploymentLaw tells one that #Employment L (and real GDP) decreases if the avg product price P rises faster than the avg wage rate W. For details see Cross-ref. ⇒https://t.co/gjD0JomQtf pic.twitter.com/iHf4OYKx3T

— E.K-H (@AXECorg) September 29, 2023

Occasional Xs: What economists really do (XXI)

 

#Walrasianism, #Keynesianism, #Marxianism, #Austrianism etc. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic #PolicyGuidance has NEVER had sound scientific foundations. #Economists are too much occupied with #AgendaPushing & #SelfHype.

— E.K-H (@AXECorg) September 29, 2023

Occasional Xs: Clueless economists / Inflation (IX)

 

#LearnEcon#Inflation is the #RateOfChange of the avg #Price. If it goes to zero the problems are NOT over because one is now on a higher #PriceLevel. The return of #Kaufkraft requires a negative rate of change to fully compensate for the previous price increase.

— E.K-H (@AXECorg) September 29, 2023

Occasional Xs: What economists really do (XX)

 

#Economics#FailedFakeScience#EconomicWarfare

The problem of GER is NOT #KaputtSparen. The ruin of the #Economy & the #Impoverishment of #WeThePeople results from the USA/EUR/GER war on RUS.

Economics 101https://t.co/3yRXqXXPs9

— E.K-H (@AXECorg) September 29, 2023

Occasional Xs: What economists really do (XIX)

 

#FailedFakeScience

The history of economic thought is the history of scientific failure. #AdamSmith NEVER understood what #Profit is and how the economic #System works. So, Economic #PolicyGuidance has NEVER had sound scientific foundations. More “Aufsässigkeit” does NOT help.

— E.K-H (@AXECorg) September 29, 2023

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

 

#Economics#FailedFakeScience#NoFalseHeroMemorials#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. vonMises is NO exception. He was NOT a #Scientist but a political #AgendaPusher.

— E.K-H (@AXECorg) September 29, 2023

Occasional Xs: Clueless economists / Distribution, Inequality (I)

 

The history of economic thought is the history of scientific failure. A. Smith NEVER understood what #Profit is & how the #System works. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism etc. are axiomatically false & materially/formally inconsistent & ALL got profit wrong. pic.twitter.com/okzgwZEKue

— E.K-H (@AXECorg) September 29, 2023

Occasional Xs: What economists really do (XVIII)

 

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies that #PrivateFinancialWealth grows with #PublicDebt & the increase of the #CapitalStock. This process is self-reinforcing & results in an #Oligarchy. #Liberalism is just a nice cover-up story that #Economists tell #WeThePeople.

— E.K-H (@AXECorg) September 29, 2023

Occasional Xs: Economics ― just disinfotainment and self-hype (XVII)

 

#FailedFakeScience

The #EconNobel is NOT a recognition of genuine scientific merits ― there are none in #Economics ― but a reward for successful #AgendaPushing handed out by the Bank of Sweden on behalf of the #Oligarchy. Links ⇒https://t.co/ExJf3VErgZ pic.twitter.com/0yGttVJAFl

— E.K-H (@AXECorg) September 28, 2023

Occasional Xs: The futile attempt to recycle Adam Smith (XXXIX)

 

#Economics#FailedScience#Economists#StupidOrCorruptOrBoth

The history of economic thought is the history of scientific failure. #AdamSmith NEVER understood what #Profit is and how the economic #System works. Economic #PolicyGuidance has NEVER had sound scientific foundations. pic.twitter.com/ZHB3pxeWcG

— E.K-H (@AXECorg) September 28, 2023 

Occasional Xs: What economists really do (XVII)

 

#Economics#FailedFakeScience#War#EconomicWarfare

The ruin of the GER #Economy & the #Impoverisment of #WeThePeople is the direct consequence of the #ZeitenWende policy that has been supported by many academic #Economists ― the #SVR among them.

— E.K-H (@AXECorg) September 28, 2023

Occasional Xs: How it works (LVII)

 

The correct term for the current political system is #Oligarchy. It thrives on #DeficitSpendingMoneyCreation=growing #PublicDebt. The #ProfitLaw implies #PublicDeficitIsPrivateProfit. So, #Democracy/#MarketEconomy are misnomers for the Oligarchy's self-alimentation with #Profit. pic.twitter.com/dUIoux4jEd

— E.K-H (@AXECorg) September 28, 2023

Occasional Xs: How it works (LVI)

 

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 #PublicDebt ≈ #PrivateFinancialWealth. #DeficitSpendingMoneyCreation is a #FreeLunch for the Oligarchy.

— E.K-H (@AXECorg) September 27, 2023

Occasional Xs: What economists really do (XVI)

 

#Econ101#Economics claims to be #Science but is NOT. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #Clown in the political #CircusMaximus. Economics is scientifically worthless & has become an integral part of the #DisInfoTainment industry.

— E.K-H (@AXECorg) September 27, 2023

Occasional Xs: The scientist is no activist, and the activist is no scientist (III)

 

#Economics#FailedFakeScience

Since the founding fathers, #Economists have consistently violated the foundational #Principle of the #Separation of #Science and #Politics.#TheScientistIsNoActivist#TheActivistIsNoScientist#PoliticsCorruptsScience pic.twitter.com/IulP3mdBMI

— E.K-H (@AXECorg) September 27, 2023

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

Occasional Xs: How it works (LV)

 

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 #Profit/#Interest. There is NO such thing as an #IndependentActor”.

— E.K-H (@AXECorg) September 27, 2023

Occasional Xs: How it works (LIV)

 

#LearnEcon

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies that the greater part of macroeconomic #Profit is produced by #DeficitSpendingMoneyCreation. The so-called #FreeMarketEconomy is on full #LifeSupport of the #State, i.e. #Treasury/#Fed. ⇒https://t.co/ATzyx3Cwnt pic.twitter.com/NPeLzahLhC

— E.K-H (@AXECorg) September 27, 2023

Occasional Xs: What economists really do (XV)

 

#Economics claims to be #Science but is NOT. The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic #PolicyGuidance has NEVER had sound scientific foundations. pic.twitter.com/Zr7JR9ww6M

— E.K-H (@AXECorg) September 27, 2023

Occasional Xs: What economists really do (XIV)

 

#Economics claims to be #Science but is NOT. The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic #PolicyGuidance has NEVER had sound scientific foundations. The representative #Economist is an #AgendaPusher/#SelfHyper.

— E.K-H (@AXECorg) September 27, 2023

Occasional Xs: Economists’ eternal problem with methodology (III)

 

#Economics#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. To this day, #Methodologists have failed to figure that out. ⇒https://t.co/H2J8qUpgh9

— E.K-H (@AXECorg) September 27, 2023

For more about methodology see AXECquery. 

 

Occasional Xs: How it works (LIII)

 

#Inflation#Deficit#Profit#Debt

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/MltuXf5fbl

— E.K-H (@AXECorg) September 25, 2023

Occasional Xs: The futile attempt to recycle Keynesianism (XXIX)

 

#Economics#FailedFakeScience#CargoCultScience

The history of #EconomicThought is the history of #ScientificFailure. #Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra. Bc of this, #MacroEconomics is scientifically worthless to this day. pic.twitter.com/SIkCKGKlNH

— E.K-H (@AXECorg) September 25, 2023

For more about Cargo Cult Science see AXECquery. 

Occasional Xs: Clueless economists / Models (I)

 

#Economics#FailedFakeScience#ScientificIncompetence#Walrasianism, #Keynesianism, #Marxianism, #Austrianism etc. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong.

All models are false because all economists are stupidhttps://t.co/Uk1gI7FfD4

— E.K-H (@AXECorg) September 23, 2023

Occasional Xs: The futile attempt to recycle Adam Smith (XXXVIII)

 

#Economics

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/BvYDnY9cEj

— E.K-H (@AXECorg) September 23, 2023

Occasional Xs: Clueless economists / History (I)

 

At some point in history, every #Science has been captured & weaponized by #Politics. To #Economics, this happened already at the beginning. Thus, #Econ became #FailedFakeScience. The #TrueHistory of #EconomicThought is the #History of #ScientificFailure.

— E.K-H (@AXECorg) September 23, 2023

For more about history see AXECquery. 

Occasional Xs: How it works (LII)

 

The correct term for the current political system is #Oligarchy. It thrives on #DeficitSpendingMoneyCreation=growing #PublicDebt. The #ProfitLaw implies #PublicDeficitIsPrivateProfit. So, #Democracy/#MarketEconomy are misnomers for the Oligarchy's self-alimentation with #Profit. pic.twitter.com/bEYKFqLl1E

— E.K-H (@AXECorg) September 23, 2023

Occasional Xs: How it works (LI)

 

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 becoming their #Interest #CashCow. This is how the #FreeMarketEconomy works. pic.twitter.com/cRKmbPYlWU

— E.K-H (@AXECorg) September 22, 2023

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

Occasional Xs: What economists really do (XIII)

 

#Economics#Walrasianism, #Keynesianism, #Marxianism, #Austrianism etc. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #EconomicPolicyGuidance has NEVER had sound scientific foundations. The representative #Economist is an #AgendaPusher. pic.twitter.com/2XMkVHo1o8

— E.K-H (@AXECorg) September 22, 2023

Occasional Xs: Clueless economists / Political Systems (I)

 

The correct term for the current political system is #Oligarchy. It thrives on #DeficitSpendingMoneyCreation=growing #PublicDebt. The #ProfitLaw implies #PublicDeficitIsPrivateProfit. So, #Democracy/#MarketEconomy are misnomers for the Oligarchy's self-alimentation with #Profit. pic.twitter.com/p6Q6Zmf2cE

— E.K-H (@AXECorg) September 22, 2023

Occasional Xs: How it works (L)

 

#Distribution

The correct designation of the U.S. political system is NOT #Democracy but #Oligarchy with #Congress/#Treasury/#Fed/#BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit, so #PrivateFinancialWealth ≈ #PublicDebt. pic.twitter.com/5T5qRfpDd4

— E.K-H (@AXECorg) September 21, 2023

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

Occasional Xs: What economists really do (XII)

 

#Econ#Economics is #FailedFakeScience for 200+ yrs. #EconomicPolicyGuidance has NEVER had sound scientific foundations. #Economists have NO #Qualification for #PolicyAdvice in their own field and even less in all matters pertaining to #War/#Peace. pic.twitter.com/AKauJwvLZb

— E.K-H (@AXECorg) September 21, 2023

Occasional Xs: How it works (XLIX)

 

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 becoming their #Interest #CashCow. This is how the #SozialeMarktWirtschaft works. pic.twitter.com/cGAiNTh32p

— E.K-H (@AXECorg) September 21, 2023

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

Occasional Xs: What economists really do (XI)

 

The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic #PolicyGuidance has NEVER had sound scientific foundations. The representative #Economist is a #Clown in the political #CircusMaximus. The proof is on #EconTwitter.

— E.K-H (@AXECorg) September 21, 2023

Occasional Xs: How it works (XLXVIII)

 

The macroeconomic #EmploymentLaw ↓ tells one exactly how employment L moves with the #FactorCostRatio ρF (#WageRate W, #Price P, #Productivity R) & the #ExpenditureRatio ρE. The failure of #Wages to keep up with #Inflation will decrease #Employment/increases #Unemployment. pic.twitter.com/amRwvhejmR

— E.K-H (@AXECorg) September 21, 2023

Occasional Xs: How it works (XLXVII)

 

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 #Profit/#Interest. The #State is the main producer of #FinancialWealth. pic.twitter.com/IqCuz2VlHJ

— E.K-H (@AXECorg) September 20, 2023

Occasional Xs: What economists really do (X)

 

#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. P. Kaczmarczyk is NO exception. pic.twitter.com/klCSLumR3s

— E.K-H (@AXECorg) September 20, 2023

Occasional Xs: What economists really do (IX)

 

#Econ#Walrasianism, #Keynesianism, #Marxianism, #Austrianism etc. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic #PolicyGuidance has NEVER had sound scientific foundations. #Economists are #Clowns in the political #CircusMaximus. pic.twitter.com/yYCvymBfe4

— E.K-H (@AXECorg) September 20, 2023

Occasional Xs: How it works (XLXVI)

 

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 #Profit/#Interest. The #State is the main producer of #FinancialWealth. pic.twitter.com/xRBWa6yS5H

— E.K-H (@AXECorg) September 19, 2023

Occasional Xs: What economists really do (VIII)

 

#Economics#FailedFakeScience#War#EconomicWarfare

The ruin of the GER #Economy & the #Impoverisment of #WeThePeople is the direct consequence of the #ZeitenWende policy that has been promoted by most academic #Economists ― the #SVR in particular.

— E.K-H (@AXECorg) September 19, 2023

Occasional Xs: What economists really do (VII)

 

#Econ#Walrasianism, #Keynesianism, #Marxianism, #Austrianism etc. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic #PolicyGuidance has NEVER had sound scientific foundations. #Economists are #Clowns in the political #CircusMaximus. pic.twitter.com/iJausyAkge

— E.K-H (@AXECorg) September 19, 2023

Occasional Xs: What economists really do (VI)

 

#Econ

The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economists are NOT #Scientists but #Clowns in the political #CircusMaximus. Their #Infighting has always been scientifically meaningless. ⇒https://t.co/1xUl4w19Jl pic.twitter.com/HrtjaBwqVQ

— E.K-H (@AXECorg) September 19, 2023

Occasional Xs: What economists really do (V)

 

#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. That's what he is paid for. pic.twitter.com/Bb5pu566yE

— E.K-H (@AXECorg) September 17, 2023

For more about Paul Krugman see AXECquery. 

Occasional Xs: What economists really do (IV)

 

The scientific mission of #Economists is to figure out how the #Economy works. The fact is that #Economics is #FailedFakeScience bc the representative #Economist is NOT a #Scientist but an #AgendaPusher / #SalesRep / #HealthCareConsultant & #Clown in the political #CircusMaximus. pic.twitter.com/PWkA3TNuYB

— E.K-H (@AXECorg) September 17, 2023

Occasional Xs: How it works (XLXV)

 

#LearnEcon

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies that the greater part of macroeconomic #Profit is produced by #DeficitSpendingMoneyCreation. The so-called #FreeMarketEconomy is on full #LifeSupport of the #State, i.e. #Treasury/#Fed. ⇒https://t.co/ATzyx3Cwnt pic.twitter.com/7HFf6QOndJ

— E.K-H (@AXECorg) September 17, 2023

Occasional Xs: How it works (XLXIV)

 

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. The growth of #PublicDebt generates #Profit/#Interest. #Bidenomics is self-alimentation of the Oligarchy.

— E.K-H (@AXECorg) September 17, 2023

Occasional Xs: How it works (XLXIII)

 

#HowItWorks

The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Their #FinancialWealth grows with #PublicDebt, becoming their #Interest #CashCow. This is the #LifeFormula of #USA. pic.twitter.com/BEbexa1WqV

— E.K-H (@AXECorg) September 17, 2023

Occasional Xs: How it works (XLXII)

 

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. So, the growth of #PublicDebt generates #Profit/#Interest. #Fed is the main producer of #FinancialWealth.

— E.K-H (@AXECorg) September 17, 2023

Occasional Xs: Clueless economists / Inflation (VIII)

 

#Inflation is the #RateOfChange of the avg #Price. If it goes to zero the problems are NOT over because one is now on a higher price #Level P. And this will bring #Employment L down as the macroeconomic #EmploymentLaw ↓ tells one. It's analogous to #Acceleration and #Velocity. pic.twitter.com/o0flzjvPrM

— E.K-H (@AXECorg) September 16, 2023

Occasional Xs: Reminder that the Nobel Prize is a tool to control science (III)

 

#Science#CarrotsAndSticks

The establishment of the #NobelPrizes marks the point in history where #Science & #Literature were officially captured and weaponized by the economic/political #Oligarchy.

See also

The real problem with the economics Nobelhttps://t.co/kCwE4nptUQ pic.twitter.com/gje5a8MFki

— E.K-H (@AXECorg) September 15, 2023

Occasional Xs: Stupid or corrupt? ― for 200+ years, economists get economics wrong (VII)

 

For 200+ years, #Economics is #FailedFakeScience. #Economists have not solved any economic problem ― just the opposite: in their #ScientificIncompetence they have always been a danger to their fellow citizens. pic.twitter.com/jFrvhJSM5q

— E.K-H (@AXECorg) September 15, 2023

Occasional Xs: How it works (XLXI)

 

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/#Interest. #Fed is the main producer of #FinancialWealth.

— E.K-H (@AXECorg) September 14, 2023

Occasional Xs: The futile attempt to recycle Adam Smith (XXXVII)

 

#Economics#FailedFakeScience

“Newtonian principles… shaped the ideas of Adam Smith.” Clearly, Smith never understood Newton's method. Newton based his Principia on physical #Axioms. Smith, the chatterer, has never done anything comparable. ⇒https://t.co/ZxqChRJ20i pic.twitter.com/pZ7SaaKRrG

— E.K-H (@AXECorg) September 14, 2023

Occasional Xs: Clueless economists / Time & Evolution

 

#Economics#Walrasianism, #Keynesianism, #Marxianism, #Austrianism etc. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Therefore, a #ParadigmShift is inevitable.

The Synthesis of Economic Law, Evolution, and Historyhttps://t.co/dHn56N7bbH

— E.K-H (@AXECorg) September 14, 2023

Occasional Xs: No scientific legitimacy

 

#Econ#Walrasianism, #Keynesianism, #Marxianism, #Austrianism etc. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic #PolicyGuidance has NEVER had sound scientific foundations. #Economists are #Clowns in the political #CircusMaximus. pic.twitter.com/Has8eXRjyE

— E.K-H (@AXECorg) September 14, 2023

Occasional Xs: The futile attempt to recycle Marx (XII)

 

#Econ

The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Marx also did NOT understand how the economic #System works. He, too, was a #Clown in the political #CircusMaximus.

Karl Marx, fake scientisthttps://t.co/1E0x5HYg0X

— E.K-H (@AXECorg) September 14, 2023

Occasional Xs: The futile attempt to recycle Adam Smith (XXXVI)

 

#Economics#JustDisInfoTainment

The history of economic thought is the history of scientific failure. #AdamSmith NEVER understood what #Profit is and how the economic #System works. Economic #PolicyGuidance has NEVER had sound scientific foundations. pic.twitter.com/7L3NiBYNXP

— E.K-H (@AXECorg) September 14, 2023

Occasional Xs: How it works (XLX)

 

#LearnEcon#Fed

The U.S. 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. For the so-called #FreeMarketEconomy as a whole holds #EasyMoneyEasyProfit.

— E.K-H (@AXECorg) September 14, 2023

Occasional Xs: What economists really do (III)

 

#Economics is #FailedFakeScience for 200+ yrs. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. Austrians, for example, have exhausted themselves by waving the #Liberty flag. That's NOT #Science. pic.twitter.com/DxSJnKmomu

— E.K-H (@AXECorg) September 14, 2023

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

Occasional Xs: How it works (XLIX)

 

From the macroeconomic #LawOfSupplyAndDemand ↓, the intelligent layperson can infer that #Inflation rarely happens by accident but has to be ENGINEERED. #HyperInflation is #EconomicWarfare by the #Oligarchy (foreign and/or domestic) against #WeThePeople. pic.twitter.com/KlO5EmFwTY

— E.K-H (@AXECorg) September 13, 2023