The US political system is an #Oligarchy with Congress/Treasury/Fed/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the growth of #PublicDebt generates macro #Profit Q i.e. secures the Oligarchy's self-alimentation. pic.twitter.com/gqGrLGwwyG
— E.K-H (@AXECorg) June 1, 2023
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.
June 1, 2023
Occasional Tweets: Is the US-Oligarchy suicidal? (IX)
May 31, 2023
Occasional Tweets: Is the US-Oligarchy suicidal? (VIII)
The US political system is an #Oligarchy with Congress/Treasury/Fed/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the growth of #PublicDebt generates macro #Profit Q i.e. secures the Oligarchy's self-alimentation. pic.twitter.com/NvoTl8RRap
— E.K-H (@AXECorg) May 31, 2023
Occasional Tweets: Scrap the EconNobel (III)
#Econ#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. Economic policy guidance has never had sound scientific foundations pic.twitter.com/bm1w0CeBxK
— E.K-H (@AXECorg) May 31, 2023
Occasional Tweets: The futile attempt to recycle MMT (XXVIII)
#LearnEcon
— E.K-H (@AXECorg) May 31, 2023
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the #MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. #PrivateFinancialWealth grows with #PublicDebt that becomes an eternal #Interest #CashCow. pic.twitter.com/MmrxHtzFM6
May 30, 2023
Occasional Tweets: Is the US-Oligarchy suicidal? (VII)
The US political system is an #Oligarchy with Congress/Treasury/Fed/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the growth of #PublicDebt generates macro #Profit Q i.e. secures the Oligarchy's self-alimentation. pic.twitter.com/ynsl8lD6b8
— E.K-H (@AXECorg) May 30, 2023
Occasional Tweets: Is the US-Oligarchy suicidal? (VI)
The US political system is an #Oligarchy with Congress/Treasury/Fed/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the growth of #PublicDebt generates macro #Profit Q i.e. secures the Oligarchy's self-alimentation. pic.twitter.com/jpMPZeQiyr
— E.K-H (@AXECorg) May 30, 2023
May 29, 2023
Occasional Tweets: Is the US-Oligarchy suicidal? (V)
The US political system is an #Oligarchy with Congress/Treasury/Fed/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, the growth of #PublicDebt generates macro #Profit Q i.e. secures the Oligarchy's self-alimentation. pic.twitter.com/pJxuZAU1xX
— E.K-H (@AXECorg) May 29, 2023