You don't need a book to refute MMT. The two fatal mistakes are:
— AXEC (@EgmontHandtke) May 4, 2026
• The MMT balances equation is provably false.
• The MMT policy of deficit spending/money creation is to the advantage of WeTheOligarchy and the disadvantage of WeThePeople.
MMT is scientifically and politically… pic.twitter.com/27xR0GAlRc
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 4, 2026
Occasional X: The futile attempt to recycle MMT (CCII)
Occasional X: Paradigm Shift (CIX)
“One of the things you will notice about critics of economics is that they never actually show you a flaw in the model. They have incredibly strawmanned views of what economic models are. When you walk them through economic models, they show themselves as literally incapable of… pic.twitter.com/pNPzakNaxZ
— AXEC (@EgmontHandtke) May 4, 2026
Occasional X: Clueless economists / Money (CXXXVI)
“Warren Buffett just warned that the US dollar could collapse and admitted he doesn't understand most of the stock market anymore.” (Ricardo)
— AXEC (@EgmontHandtke) May 4, 2026
The stock market is easier to understand if you got the Monetary Theory right, which tells you that the Central Bank 'makes' the stock…
Occasional X: The futile attempt to recycle MMT (CCI)
“I doubt your little pamphlet debunks the extremely erudite Textbook, MACROECONOMICS, by PHD MMT Economists from the USA & Australia, Professor s Mitchell, Wray, & Watts!” (Theresa Sanders)
— AXEC (@EgmontHandtke) May 3, 2026
The MMT textbook has already been refuted. Theresa Sanders is somewhat behind the curve.…
May 3, 2026
Occasional X: Clueless economists / Money (CXXXV)
“Who contols money, how & why is key.” (DecentraliseEverything)
— AXEC (@EgmontHandtke) May 3, 2026
For the axiomatically correct approach, see the working paper ⇒
The Dark-Matter Theory of Fiat Moneyhttps://t.co/x4NOcsCBMS
Occasional X: Clueless economists / Science (CCCVII)
“You contradict yourself. You say economics isn't a science and I agree along with these statements you made. And yet you assert that profit is a specific scientific formula, …” (DecentraliseEverything)
— AXEC (@EgmontHandtke) May 3, 2026
Legacy economics is provably false. The proofs are available. However,… pic.twitter.com/Ukyy4UxzDf
Occasional X: The foul spirit of political economics (CCXCII)
“Keynes was a pedophile and I always call him 'British pedophile John Maynard Keynes' and I’m not planning on stopping anytime soon.” (Handre)
— AXEC (@EgmontHandtke) May 3, 2026
Science is about true/false not about good/bad. The scientific fact about Keynes is that his macroeconomics is provably false. For… pic.twitter.com/zuflEfjuy0