Occasional Xs: The foul spirit of political economics (LXXXIV)

 

#SchuldenBremse

The GER polity is an #Oligarchy with Parliament/Treasury/ECB/BigBusiness as integral parts. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Macroeconomic #Profit is in the main produced by #DeficitSpendingMoneyCreation i.e. the…

— E.K-H (@AXECorg) March 14, 2024

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