#Economics#FailedFakeScience
— E.K-H (@AXECorg) November 20, 2024
“The great achievements of civilization have not come from government bureaus.” (Milton Friedman)
Neither did they come from economics.
Economics claims to be science but is NOT. The major approaches (#Walrasianism, #Keynesianism, #Marxianism,…
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.
November 20, 2024
Occasional Xs: The foul spirit of political economics (CI)
November 19, 2024
Occasional Xs: How it works (CCCVIII)
#HowItWorks
— E.K-H (@AXECorg) November 19, 2024
“Government debt is the cash in your pockets” (Patricia Pino)
Government debt is the cash plus financial assets in the Oligarchy's pockets. (AXEC)
The U.S. economy runs on #Profit. Macroeconomic profit Qm is given by the axiomatically correct #ProfitLaw /…
Occasional Xs: What economists really do (CCCLXXXV)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) November 19, 2024
“Americans are so economically illiterate it’s embarrassing ” (Kiyah Willis)
What's embarrassing is that #Economists are so economically illiterate.
For 200+ years, economics has claimed to be #Science but still is NOT. The major approaches…
Occasional Xs: Clueless economists / Science (CXXIX)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) November 19, 2024
“It's an understatement to say the economists are out of fashion in policy circles. ” (Brian Albrecht)
Economics claims to be science but is NOT. The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives)…
Occasional Xs: The futile attempt to recycle MMT (CXXV)
#MMT#BadScienceBadPolicyBadPeople
— E.K-H (@AXECorg) November 19, 2024
MMT's foundational #BalancesEquation is provably false, so their whole #MacroEconomics is scientifically worthless.
The page where Stephanie Kelton gets macroeconomics wrong https://t.co/CNFDkXM1Ki pic.twitter.com/s1YkF7Ypjj
Occasional Xs: The futile attempt to recycle Hayek (XXX)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) November 19, 2024
“Social justice is a fraud, a promise to distribute what one would not have if one followed its bidding.” (Friedrich Hayek)
Economics is about how the #Economy works. The fact is that Hayek never understood what #Profit is and how the economic… pic.twitter.com/VV8EVeoAtb
Occasional Xs: Clueless economists / Breakdown (VII)
#Economics#PublicDebt#DebtLimit
— E.K-H (@AXECorg) November 19, 2024
“If we don’t tackle the national debt, all tax revenue will go to paying interest and there will be nothing left for anything else.”
Congratulations, you have finally read and understood my post of 2020. ⇒
From the debt economy to the gift…