Occasional Xs: Clueless economists / Breakdown (VI)

 

#HowItWorks#BreakDown

“America is headed for bankruptcy.” (Elon Musk)

The U.S. #Economy runs on profit. Macroeconomic profit Qm is given by the axiomatically correct #ProfitLaw / #BalancesEquation (I−Sm)+(G−T)+(X−M)−(Qm−Yd)≐0 (which consists of variables measurable with…

— E.K-H (@AXECorg) October 3, 2024

Related 'Profit analysis ― another exercise in economic deception'.