January 6, 2021
MMT pushes the Oligarchy's agenda ― and they push MMT
Comment on Arun Kakar on ‘How Modern Monetary Theory gained currency’
The 3-sector macroeconomic Profit Law Q≡(G−T)+(I−S)+Yd implies Public Deficit = Private Profit. Thus, the MMT policy of deficit-spending/money-creation results in a free lunch for the Oligarchy. This is why MMT is currently pushed over all media.
Related 'MMT ― a Wall Street myth' and 'Links on MMTers push Wall Street’s agenda' and 'MMT: The fusion of Wall Street and Academia' and 'Occasional Tweets #210117b: MMTers hide macroeconomic profit in order to deceive WeThePeople'.