May 28, 2019

Links on Austerity

Comment on Robert Skidelsky/Lars Syll on ‘Alesina’s ‘expansionary austerity’ — a tale of scientific delusion’

Blog-Reference

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, etc. 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
► For details of the big picture see cross-references Political Economics/Stupidity/Corruption

Egmont Kakarot-Handtke

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Twitter Jan 14 Here comes the turncoats




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Roosevelt Institute Feb 25, 2021 Austerity officially abandoned



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Twitter Mar 3 Here they are, the academic agenda pushers


Twitter Jun 18 Senator John Yarmuth declares the policy switch from austerity to the deficit overdrive