April 30, 2025

Occasional X: The futile attempt to recycle MMT (CLXVII)

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  #MMT #BadScienceBadTheoryBadPeople “Listen to one of the smartest economists and a key founder of Modern Monetary Theory ( #MMT ) explain...

Occasional X: The futile attempt to recycle MMT (CLXVI)

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  #MMT #BadScienceBadPolicyBadPeople “I have considered the arguments, and … most of the objections amount to a straw man, plain misunderst...

Occasional X: Paradigm Shift (LXIV)

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  #Economics #AllYouNeedToKnow The purpose of economics is to understand profit and to figure out how the economic system works. It is not ...
April 29, 2025

Occasional X: The futile attempt to recycle MMT (CLXV)

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  #MMT #BadScienceBadPolicyBadPeople “The aggregation of business and households is not a piece of trickery, it is part of sectoral balance...

Occasional X: Clueless economists / Trade (III)

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  #Economics #AllYouNeedToKnow “Lessons from JS Mill — please share this wisdom about trade and peace and prosperity.” (Peter Boettke) But ...
April 28, 2025

Occasional X: Economists are too stupid for macro accounting (VI)

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  #MMT #BadScienceBadPolicyBadPeople “if the federal government has lots of red ink, somebody must have lots of black ink. It's called ...

Occasional X: Clueless economists / Distribution, Inequality (XIII)

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  #Economics #AllYouNeedToKnow “In 2020, billionaires' share of GDP was 14.1%. Now, it's 21.1%. The Fed increased the money supply,...