“The free market economy uses money, which is in fact a public monopoly.” (Megas Alexandros)
— AXEC (@EgmontHandtke) April 29, 2026
You understand nothing. To begin with, there are two monies: Central Bank money and Commercial Bank money.
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.
April 29, 2026
Occasional X: The futile attempt to recycle MMT (CXCIX)
Occasional X: The futile attempt to recycle MMT (CXCVIII)
“Mmt is a mechanism that is currently occurring, it is not an ideology!” (Mathew Rouge)
— AXEC (@EgmontHandtke) April 29, 2026
Yes, it's a mechanism, more exactly, balances mechanics, but MMTers misrepresent it intentionally by inventing the “Private Sector”. MMT is not an ideology but a fraud. See the post…
Occasional X: The futile attempt to recycle MMT (CXCVII)
“What do you mean 'hide' - sectoral balance is cited by MMT to explain exactly this.” (Not The Torygraph)
— AXEC (@EgmontHandtke) April 29, 2026
Are you really that stupid? You mention Malcolm Reavell's graph, where he juxtaposes the balances of the Central Government and the Private Sector, and both are equal. WOW,… pic.twitter.com/uZOK5D4WLE
April 28, 2026
Occasional X: The foul spirit of political economics (CCLXXXVIII)
“Prices tell us what is valuable to produce and also what isn’t. This is nothing to do with capitalism or indeed any other method of running an economy.” (Foundations Education)
— AXEC (@EgmontHandtke) April 28, 2026
Half-true. The free-market system is, in the last instance, a quasi-Darwinian selection mechanism,…
Occasional X: The futile attempt to recycle MMT (CXCVI)
“Therefore: bonds are not 'lending' the govt its own currency. They are a savings scheme for people with excess income.” (Richard Phillips)
— AXEC (@EgmontHandtke) April 28, 2026
Another example of the stupidity of MMTers.
The free-market economy runs on profit. Macroeconomic profit is given by the axiomatically…
The art of propaganda in general, and of MMT in particular, is to sandwich a lie between two truths.
— AXEC (@EgmontHandtke) April 28, 2026
Not all MMT statements are false. What MMTers hide is that Public-Deficit-Is-Private-Profit. This is, in essence, what the current economy drives. POTUS is on track to deliver…
Occasional X: Scrap the EconNobel (XLXVI)
Prizes are often not based on true merit. Like the Oscar, they are a marketing/PR instrument. Honoring the look-alike happens in all walks of life.
— AXEC (@EgmontHandtke) April 28, 2026
Economics is currently a strange mix of politics and science, and most prizes are political.
Although it claims to be a science,… pic.twitter.com/NXr6sFex44
Occasional X: The foul spirit of political economics (CCLXXXVII)
Capitalism and Socialism are social/political terms. Strictly speaking, they have nothing to do with economics as Science.
— AXEC (@EgmontHandtke) April 28, 2026
Milton Friedman never understood profit and, as a consequence, how the economic system works. That's self-disqualifying and is a shame for academia.
The… pic.twitter.com/RnPYunNU7y