June 30, 2025

Occasional Xs: Clueless economists / Science (CLXXV)

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  #Economics #AllYouNeedToKnow “Promoting the study of economic science.” ( @RoyalEconSoc ) Economics claims to be science but is NOT. The ...

Occasional Xs: How it works (CCCLXX)

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  #Economics #AllYouNeedToKnow “Every country on the planet with high real median personal income has billionaires—the institutions that he...
June 28, 2025

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

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  #Economics #AllYouNeedToKnow “Is MMT just bourgeois economics? “ (Macro n Cheese) It does not matter how MMTers stylize themselves politi...
June 26, 2025

Occasional Xs: Clueless economists / Science (CLXXIV)

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  #Economics #AllYouNeedToKnow “I regard him as a real genius, but not a great economist. He was not really a strict logical reasoner.” (Ha...
June 20, 2025

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

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  #Economics #AllYouNeedToKnow “When the banker has a deficit, the players have the identical SURPLUS” MMTers have never understood profit ...
June 15, 2025

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

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  #Economics #AllYouNeedToKnow “Focusing on inflation (price stability) and productive spending are the core tenets of MMT.” (Richard Phill...
June 14, 2025

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

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  #Economics #AllYouNeedToKnow MMT's foundational balances equation is provably false, so their whole macroeconomics is false. ⇒ The pa...