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

 

#LearnEcon

The macroeconomic #ProfitLaw ↓ implies #PublicDeficitIsPrivateProfit. So, #PrivateFinancialWealth grows with #PublicDebt and in the form of #Bonds becomes the permanent interest #CashCow for the #Oligarchy. #MMT policy is NEVER for the benefit of #WeThePeople. pic.twitter.com/2hkRsnA5F4

— E.K-H (@AXECorg) October 20, 2023

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