June 16, 2019

Macro ignorance: Why Simon Wren-Lewis does not come to grips with the plain MMT-fraud

Links on Simon Wren-Lewis on ‘Bill Mitchell’s fantasy about Labour’s fiscal rule’

Blog-Reference (Link) and Blog-Reference (Link) on Jun 19

The discussion between Simon Wren-Lewis and Bill Mitchell suffers from the obvious fact that both lack the true macroeconomic theory.

■ Economic policy and the skirmishes of failed/fake scientists
■ Are economics professors really that incompetent? Yes!
■ The retirement of a fake scientist and real agenda pusher
■ Economics as a cover for agenda pushing
■ Thinking about economic policy for future PM Corbyn
■ Deficit-spending, public debt, and macroeconomic profit/loss
■ Oxford economics — still at the proto-scientific level
■ Where economics went wrong (II)
■ Legitimacy lost
■ The biggest scientific mistake of the last centuries, and it has much to do with academic economists
■ The economist as useful political idiot
■ The demise of phony experts: macroeconomics is provably false
■ Why is economics a total scientific failure?
■ Macroeconomics: self-delusion and empty promises
■ Economics has arrived at the bottom of the proto-scientific shithole
■ How MMT fools the ninety-nine-percenters
■ Political economics: Who hijacks British Labour?
■ Deficits matter for distribution
■ From false microfoundations to true macrofoundations (II)
■ Time to retire political economists
■ Microfoundations R.I.P.
■ Mr. Corbyn and the perils of political economics
■ Selling public debt with Ricardo’s tear gland rhetoric
■ Some fatal flaws of MMT
■ The economist as amateur journalist
■ Proof of the inherent instability of the market economy
■ MMT was right all along: Gov-Deficits do NOT cause inflation
■ Why is MMT so false?
■ Economics: the emancipation of science from politics
■ A bitter pill for political economists
■ The myth of economics knowledge
■ Attention: there are THREE types of inflation
■ Economic bungee jumping without cord
■ Consensus, buddy consensus, scientific consensus, or what?
■ Austerity and the total disconnect between economic policy and science
■ Media-fake-farce-fraud-storytelling-macro
■ Redefining economics
■ Economists ― medics or barber-surgeons?
■ Austerity and the idiocy of political economists
■ The non-existence of economics
■ Endtime for soapbox economists
■ NAIRU and the scientific incompetence of Orthodoxy and Heterodoxy
■ NAIRU: an exhaustive dancing-angels-on-a-pinpoint blather
■ Delusions of useful idiots
■ Economics ― worse than fake

►For the full-spectrum refutation of MMT see cross-references MMT

Egmont Kakarot-Handtke