Showing posts with label zMNE. Show all posts
Showing posts with label zMNE. Show all posts
November 20, 2023

The Fed's generation of profit, interest, and capital gains is second to none

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Comment on Brian Romanchuk on 'No, QE Is Not Costless' Blog-Reference The US economy runs on profit. The 3-sector  ProfitLaw Q≡(G−T)...
September 22, 2021

MMT vs Mainstream ― a proto-scientific clown show

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Comment on Bill Mitchell on ‘ECB researchers find fiscal policy is very effective and more so if central banks buy up the debt’ and ‘They ne...
September 9, 2021

There is an absolute limit to the growth of public debt

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Comment on Mike Norman on ‘Absolutely idiotic hit piece on MMT by 3 clowns at the Richmond Fed’ Blog-Reference “This core tenet of so-called...
September 8, 2021

From the fact that mainstream economics is false does not logically follow that MMT is true

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Comment on Bill Mitchell on ‘As the mainstream paradigm breaks down’* Blog-References Bill Mitchell comments on the address the Head of the ...
September 4, 2021

Occasional Tweets: Stephanie Kelton ― political fraud hyped as creativity

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  #MMT #BadScienceBadPolicyBadPeople Stephanie Kelton's Deficit Myth is scientifically refuted and proven to be political agenda-pushin...
August 7, 2021

What is economics? (II)

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Comment on James Galbraith on ‘What is economics?’* Blog-Reference  and Blog-Reference James Galbraith claims that economics is a policy dis...
August 3, 2021

What is economics? (I)

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Comment on James Galbraith on ‘What is economics?’* Blog-Reference  and Blog-Reference  on 4 Aug James Galbraith's first sentence reads:...
July 30, 2021

What is MMT? (III) ― Rectifying Bill Mitchell

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Comment on Bill Mitchell on ‘Booming growth in Britain (Brexit?) but child poverty rises (austerity)’ Blog-Reference  and Blog-Reference “So...
July 26, 2021

Debunking economists' favorite hallucinations

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Comment on J.W. Mason on ‘At Age of Economics: How Should an Economist Be?’* Blog-Reference  and Blog-Reference 1. “The most obvious way tha...
July 24, 2021

The three dumbest MMT arguments

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Comment on Lars Syll on ‘It’s not the debt we need to fix, stupid! It’s our thinking.’ Blog-Reference  and Blog-Reference 1. “Can a governme...
July 23, 2021

Economics • Communication • Disinfotainment

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Comment on Matt Franko on ‘AOC weighs in on “inflation!”’ Blog-Reference Economists from Adam Smith/Karl Marx onward claimed to do science. ...
July 11, 2021

Keynes―Marx―Profit: The abysmal scientific failure of economics

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Comment on Michael Roberts/Tom Hickey on ‘Marx’s reproduction schema’* Blog-Reference  and Blog-Reference Michael Roberts summarizes: “… for...
July 9, 2021

MMTers at the end of their wits

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Comment on Bill Mitchell on ‘Intergenerational Report ― the past is catching up with the government and the game is up’* Blog-Reference  and...
June 12, 2021

MMT and the staying power of stupidity/corruption

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Comment on Bill Mitchell on ‘MMT and Power ― Part 2’* Blog-Reference MMT's sectoral balances equation has been refuted #1-#3 but Bill Mi...
May 16, 2021

Profit is the key to the understanding of how the economy works

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Comment on Michael Roberts on ‘Some notes on the world economy now’ Blog-Reference  and Blog-Reference Michael Roberts summarizes: “The cent...
May 7, 2021

Profit Law: The most powerful formula of economics

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Comment on Robert Vienneau on ‘Adam Smith On The Source Of Profits And Rents In The Exploitation Of The Worker’ Blog-Reference  and Blog-Ref...
May 5, 2021

Economists’ periodically recurring crocodile tears about inequality

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Comment on Brad DeLong on ‘RHETORICAL QUESTION: Why Do Economists Ignore the Greatest of All Market Failures?’ Blog-Reference  and Blog-Refe...
May 1, 2021

Orthodoxy is refuted ― but MMT also

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Comment on Bill Mitchell on ‘The Cambridge Controversy ― a fundamental refutation of orthodox economic theory’ * Blog-Reference  and Blog-Re...
April 20, 2021

MMT has been conclusively refuted and MMTers can do NOTHING about it

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Comment on James Galbraith on ‘Who’s Afraid of MMT?’* Blog-Reference  and Blog-Reference  and Blog-Reference James Galbraith summarizes: “Wh...