April 4, 2021

Occasional Tweets: MMT is refuted ― end of story

 

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For the details see thread.

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Refutation of MMT

The foundational MMT sectoral balances equation is provably false. Because of this, the whole approach is scientifically worthless. Therefore, MMT policy is just brain-dead political agenda-pushing.

So, that is ALL one needs to know about MMT: (i) MMTheory is inconsistent, i.e. proto-scientific garbage (ii) MMTpolicy has NO sound scientific foundations (iii) MMT is a political fraud, i.e. because of #PublicDeficitIsPrivateProfit it benefits the Oligarchy (iv) MMTers are stupid or corrupt or both.