The macroeconomic Profit Law entails Public Deficit = Private Profit. Because of this, the one-percenters and their useful academic/journalistic spokespersons should consistently argue FOR deficit-spending/money-creation and the ninety-nine-percenters and their academic/journalistic spokespersons should consistently argue AGAINST it. It is often just the reverse in the political Circus Maximus.
► Austerity and the idiocy of political economists
► Austerity and the utter scientific ignorance of economists
► Austerity and the total disconnect between economic policy and science
► Austerity and the political games Progressives play
► Austerity: Who takes the little man for a ride?
► MMT Progressives: stupid or corrupt or both?
► The biggest scientific mistake of the last centuries, and it has much to do with academic economists
► MMT: No sound basis
► Keynes, Lerner, MMT, Trump, Biden, and exploding profit
► MMT: Distribution is the drawback NOT Inflation
► Post-Keynesianism vs MMT: a Zombie debate
► Economists: Trolls with a mortarboard
► Stephanie Kelton and the self-destructive stupidity of the super-rich
► Deficit-spending, public debt, and macroeconomic profit/loss
► Swabian housewife vs Wall Street loan shark