April 6, 2019

Dear idiots, MMTers are Wall Street’s agenda pushers

Links on Patricia Cohen’s ‘Modern Monetary Theory Finds an Embrace in an Unexpected Place: Wall Street’*

Blog-Reference

MMTers have always pushed the agenda of Wall Street/the Oligarchy and NOT of WeThePeople. Wall Street’s open embrace only confirms the obvious. After all, the macroeconomic Profit Law boils down to Public Deficit = Private Profit and thus the Oligarchy’s financial wealth and public debt (currently $22 trillion) grow in lockstep. The so-called free-market economy ― and Wall Street with it ― is on the full life support of the state. MMT is NOT a scientifically valid theory but political agenda pushing for the Oligarchy in a scientific/social bluff package.

► Very busy these days: Wall Street’s agents
► MMT and the promotion of Wall Street socialism
► MMT = proto-scientific garbage + deception of the 99-percenters
► How MMT enlightens Washington
► MMT, Warren Mosler, and the little helpers from Wall Street and Academia
► MMT: The fusion of Wall Street and Academia
► Secret Champagne for the MMT gods
► Keynes, Lerner, MMT, Trump, etc. and exploding profit
► MMT Progressives: stupid or corrupt or both?
► MMT: A free lunch for the Oligarchy
► MMT: Academic snake oil for the people
► MMT is ALWAYS a bad deal for the 99-percenters
► MMTers are NOT Friends-of-the-People
► The Kelton-Fraud
► Warren Mosler: scientific dilettante and political fraudster
► MMT is an economic policy fraud
► MMTers make Capitalism work
► MMT and the overall political corruption of economics

Egmont Kakarot-Handtke


* New York Times

Related 'MMT and the canonical macroeconomic model' and 'MMT and grassroots movements'. For the full-spectrum refutation of MMT see cross-references MMT.

***
Source: Twitter Apr 7, A related lockstep

Source: Twitter Holger Zschaepitz

***

Source: Felix Salmon The upside of printing money Axios Apr 8,

Source: Axios

Message: "For the time being, the government should keep on spending, even it doesn't raise taxes. The economy — and the market — will only benefit as a result."

***
#PointOfProof
Apr 7