#LearnRealEconomics#Deficit#Profit
— E.K-H (@AXECorg) May 7, 2024
“Markets Can Shrug Off the ‘Oy, the Deficit’ Crowd.”
So true. The #Profit Law ⇓ implies #PublicDeficitIsPrivateProfit. So, the policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy i.e. #PrivateFinancialWealth grows… pic.twitter.com/6YCuxIlYR9
AXEC: New Foundations of Economics
This blog connects to the AXEC Project which applies a superior method of economic analysis. The following comments have been posted on selected blogs as catalysts for the ongoing Paradigm Shift. The comments are brought together here for information. The full debates are directly accessible via the Blog-References. Scrap the lot and start again―that is what a Paradigm Shift is all about. Time to make economics a science.
May 7, 2024
Occasional Xs: How it works (CXCV)
Occasional Xs: The futile attempt to recycle MMT (CII)
#MMT#BadScienceBadPolicyBadPeople
— E.K-H (@AXECorg) May 7, 2024
“The national debt = safe assets. It's just our savings.“
It's not “our” savings i.e. it's the savings of #WeTheOligarchy and NOT of #WeThePeople.
MMT's foundational #BalancesEquation is provably false, so their whole #Macroeconomics is… pic.twitter.com/Xv672lGIIr
Occasional Xs: Economics ― just disinfotainment and self-hype (XLV)
#Economics#DisInfoTainment#Prizes
— E.K-H (@AXECorg) May 7, 2024
The #PulitzerPrize is just #SelfHype of the #Press, the #Oscar is just #SelfHype of #Hollywood, the #EconNobel is #SelfHype of #AcademicEconomics, etcetera. Prizes are a #Marketing / #PR / #Propaganda tool to shape #PublicOpinion and an…
Occasional Xs: How it works (CXCIV)
#LearnRealEconomics#Deficit#Profit#Debt#Interest
— E.K-H (@AXECorg) May 7, 2024
The #MarketEconomy runs on #Profit. The macroeconomic #ProfitLaw implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Macroeconomic profit is mainly produced by the…
May 6, 2024
Occasional Xs: Paradigm Shift (XXX)
#Economics#FailedFakeScience#Reset
— E.K-H (@AXECorg) May 6, 2024
The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives) are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. When the foundational concepts… pic.twitter.com/j8g13g9MKt
Occasional Xs: How it works (CXCIII)
#LearnRealEconomics
— E.K-H (@AXECorg) May 6, 2024
The U.S. economy runs on #Profit. The macroeconomic #ProfitLaw implies that the greater part is produced by #DeficitSpendingMoneyCreation. The economy is saved from #Breakdown by #Fed/#Treasury i.e. the State's deficit-spending/money-creation. #Bidenomics is… pic.twitter.com/du2i20b0Ot
Occasional Xs: The futile attempt to recycle MMT (CI)
#Economics#FailedFakeScience#MMT
— E.K-H (@AXECorg) May 6, 2024
“Maybe the National debt clock does not represent the terrible burden we are leaving our grandchildren.”
The macroeconomic #Profit Law implies #PublicDeficitIsPrivateProfit. So, the MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch… pic.twitter.com/pt5nSTTx2A