January 31, 2022

Occasional Tweets: The futile attempt to recycle Arrow

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  #Economics #FailedScience #FakeScience #Economists #StupidOrCorruptOrBoth The history of economic thought is the history of scientific fa...

Occasional Tweets: Dear idiots, learn economics

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  For the Paradigm Shift from silly neoclassical #MicroFoundations and dumb Keynesian #MacroFoundations to the true set of macroeconomic ...

Occasional Tweets: MMTers don't need a penny from the billionaires ― they see to it that the Oligarchy gets every penny

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  The correct name for the current political system is #Oligarchy . Senators are an integral part of it. The 3-sector #ProfitLaw Q≡(G−T)+(...
January 30, 2022

Occasional Tweets: Baumol' cost disease is just a special case of the axiomatically correct Law of Value

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  #LearnEcon “Baumol's cost disease” is NOT a “mystery”. In fact, it follows directly from correct #MacroFoundations . The #LawOfValue ...

Occasional Tweets: Logic has never been economists' strong point

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  #Science requires material AND formal consistency. Therefore, the proof of either material or formal #Inconsisteny is sufficient for th...

Occasional Tweets: Nothing new ― economists are for 200+ years now in the disinfotainment business

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  “We know it is not #economics related but we like to celebrate stuff that is considered quite geeky or nerdy.” For all those who know th...

Occasional Tweets: The mystery of wealth creation unveiled (I)

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  #LearnEconomics #Profit The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit . Thus, #DeficitSpendingMoneyCrea...