“But the economics profession still genuflects before British pedophile John Maynard Keynes while treating Mises like some fringe crank.” (Handre)
— AXEC (@EgmontHandtke) March 12, 2026
The question of whether Keynes was a paedophile is not about economics, but about gossip. And this is what Austrians do all day… pic.twitter.com/1P1qexRlQk
AXEC: New Foundations of Economics
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.
March 12, 2026
Occasional X: The foul spirit of political economics (CCXXXVIII)
Occasional X: How it works (CDLXII)
“Interest payments by the British government are made in the same way as any other government spending. The mechanics are identical, meaning not a single penny used to pay interest actually comes from taxes or borrowing.” (Ashish Barua, quoted by ?whispers?)
— AXEC (@EgmontHandtke) March 12, 2026
It's hard to say…
March 11, 2026
Occasional X: Clueless economists / Inflation / Deflation / Stagflation (XLXIX)
“Rome's banking system worked better than anything we've seen since governments decided they knew better. And the moment Rome started debasing currency and centralizing financial control? The whole thing collapsed into the imperial nightmare we know today.” (Handre)
— AXEC (@EgmontHandtke) March 11, 2026
Handre has… pic.twitter.com/9GAJIqnOgc
Occasional X: Clueless economists / Science (CCLXXIX)
“The Theory of Moral Sentiments explains why a society that practices Smithian economics and limited govt will be a generous and cooperative society in practice. IMO it is as seminal for psychology and sociology as Wealth of Nations.” (Matt Ridley)
— AXEC (@EgmontHandtke) March 11, 2026
Firstly, economics is not a… pic.twitter.com/zPq3np3JNw
Occasional X: The foul spirit of political economics (CCXXXVII)
“am i wrong for thinking samuelson should be the GOAT? we are all, in one way or another, children of samuelson.” (joaquin)
— AXEC (@EgmontHandtke) March 11, 2026
Throughout the history of economics, there is nothing more absurd than people who consider themselves to be the children of Paul Samuelson. For details,…
Occasional X: Clueless economists / Money (XCXXII)
“Yes, yes. I'm dying to receive a zero-value transaction money in exchange for goods I work to produce.” (Professor One Digit)
— AXEC (@EgmontHandtke) March 11, 2026
You get your wage on your account, and you pay for your groceries from your account. Basically, payment is a service, and you pay a service fee. Fiat…
Occasional X: The foul spirit of political economics (CCXXXVI)
“Economics isn’t really about studying 'the economy' anymore. Modern economics is fundamentally the study of: how individuals make choices when facing constraints and responding to incentives.” (Hayashi Heikichi)
— AXEC (@EgmontHandtke) March 11, 2026
Economics has defined itself as a social science and accordingly… pic.twitter.com/bCZFEkhSAa