April 1, 2024

Occasional Xs: How it works (CLXXX)

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  #Econ The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit . So, the policy of #DeficitSpendingMoneyCreation ...
March 30, 2024

Occasional Xs: What economists really do (CCXI)

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  #Econ #FailedFakeScience #Economics claims to be #Science but is NOT. The representative #Economist is NOT a #Scientist but an #Agend...

Occasional Xs: What economists really do (CCX)

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  #Econ #FailedFakeScience #MilitaryKeynesianism #Economics claims to be #Science but is NOT. The history of economic thought is the hist...

Occasional Xs: Economics curriculum ― the transmutation of plain morons to graduate morons (IX)

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  #Econ #Economics claims to be #Science but is NOT. The major approaches are mutually contradictory & axiomatically false & mate...
March 29, 2024

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

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  #MMT #BadScienceBadPolicyBadPeople “The logic of MMT is incredibly simple”. Yes, the 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #Publi...

Occasional Xs: Economics curriculum ― the transmutation of plain morons to graduate morons (VIII)

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  #Econ #Economics claims to be #Science but is NOT. The major approaches are mutually contradictory & axiomatically false & mate...

Occasional Xs: Paradigm Shift (XXIV)

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  #Econ #FailedFakeScience #Economics is about how the economy works. It is a #SystemsScience and NOT a #SocialScience i.e. NOT about Hu...