“If the world were just and truthful, 'Austrian Economics' would have just been called 'Economics'.” (Handre)
— AXEC (@EgmontHandtke) March 8, 2026
Handre has no idea what profit is and how Capitalism works. This is self-disqualifying.
The U.S. economy runs on profit. Macroeconomic profit is given by the…
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.
March 9, 2026
Occasional X: The foul spirit of political economics (CCXXXII)
March 8, 2026
Occasional X: Clueless economists / Science (CCLXXVI)
“Carl Menger destroyed two thousand years of economic fallacy with a single insight in 1871: value is subjective, existing only in the mind of the individual valuer. … Menger obliterated this nonsense by pointing out the obvious: a glass of water means nothing to a man by a…
— AXEC (@EgmontHandtke) March 8, 2026
Occasional X: Clueless economists / Money (XCXIX
“Governments cannot run out of their own money.” (?whispers?)
— AXEC (@EgmontHandtke) March 8, 2026
“Counterfeiters cannot run out of their own money.” (AXEC)
The question is whether the money is issued for transaction purposes or for direct consumptive purposes.
The second case is economically equal to counterfeit… pic.twitter.com/EOdnXttMwC
Occasional X: Clueless economists / Breakdown (XXIII)
“And the occultists believe that they can perform black magic rituals, to bring about change that they are attempting to prophesies for their end times scenario, which a stock market crash is pivotal in creating.” (MrBujok)
— AXEC (@EgmontHandtke) March 8, 2026
Occultism/religion/voodoo has always the mindset of…
Occasional X: Clueless economists / Breakdown (XXII)
“Private credit could be one of the biggest busts we've ever seen on Wall Street, rcwhalen is warning on Bloomberg TV. ” (Russian Market)
— AXEC (@EgmontHandtke) March 8, 2026
Several things eventually can lead to a breakdown.
The U.S. economy runs on profit. Macroeconomic profit is given by the axiomatically…
Occasional X: Clueless economists / Science (CCLXXV)
“On the 250th anniversary of Smith’s Wealth Of Nations, it seems appropriate to appreciate Smith’s impact on humanity from the minute to the gargantuan.” (Vincent Geloso)
— AXEC (@EgmontHandtke) March 8, 2026
Adam Smith only provided a description of the division of labor; it had been invented long before his time.…
March 7, 2026
Occasional X: Clueless economists / Science (CCLXXIV)
The author of 'The Use of Knowledge in Society' had no knowledge about how the economy works.
— AXEC (@EgmontHandtke) March 7, 2026
Friedrich Hayek never understood profit and, by logical consequence, how the economic system works. This is self-disqualifying. He was not a scientist but a political populist for a…