#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) January 31, 2022
The history of economic thought is the history of scientific failure.
How Arrow pushed economics over the cliffhttps://t.co/v0TjQ3Doh5
This blog connects to the AXEC Project which applies a superior method of economic analysis. The following comments have been posted on selected blogs as catalysts for the ongoing Paradigm Shift. The comments are brought together here for information. The full debates are directly accessible via the Blog-References. Scrap the lot and start again―that is what a Paradigm Shift is all about. Time to make economics a science.
January 31, 2022
Occasional Tweets: The futile attempt to recycle Arrow
Occasional Tweets: Dear idiots, learn economics
For the Paradigm Shift from silly neoclassical #MicroFoundations and dumb Keynesian #MacroFoundations to the true set of macroeconomic #Axioms see the working paper ⇒
— E.K-H (@AXECorg) January 31, 2022
The logical interface between objective macrofoundations and subjective valuationshttps://t.co/mJskbCqSGE
Occasional Tweets: MMTers don't need a penny from the billionaires ― they see to it that the Oligarchy gets every penny
The correct name for the current political system is #Oligarchy. Senators are an integral part of it. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #DeficitSpendingMoneyCreation secures the self-alimentation of the #Oligarchy with #Profit. pic.twitter.com/GCuE94Ukch
— E.K-H (@AXECorg) January 31, 2022
January 30, 2022
Occasional Tweets: Baumol' cost disease is just a special case of the axiomatically correct Law of Value
#LearnEcon
— E.K-H (@AXECorg) January 30, 2022
“Baumol's cost disease” is NOT a “mystery”. In fact, it follows directly from correct #MacroFoundations. The #LawOfValue reads P1/P2=R2/R1 in the most elementary case, i.e. the price relation is equal to the inverse productivities. ⇒ eq. 10https://t.co/md4bM2XGOQ pic.twitter.com/6AzWYBlLua
Occasional Tweets: Logic has never been economists' strong point
#Science requires material AND formal consistency. Therefore, the proof of either material or formal #Inconsisteny is sufficient for the refutation of a #Theory. #MicroFoundations and #MacroFoundations are inconsistent. So, #Economics is refuted. ⇒https://t.co/3x9c31peUB pic.twitter.com/JfyDNEAwgg
— E.K-H (@AXECorg) January 30, 2022
Occasional Tweets: Nothing new ― economists are for 200+ years now in the disinfotainment business
“We know it is not #economics related but we like to celebrate stuff that is considered quite geeky or nerdy.” For all those who know that #Economics has always been a stupid/corrupt shitshow that's an overdue admission. ⇒https://t.co/IllMaSsgxs
— E.K-H (@AXECorg) January 30, 2022
Occasional Tweets: The mystery of wealth creation unveiled
#LearnEconomics#Profit
— E.K-H (@AXECorg) January 30, 2022
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Private #FinancialAssets of the Oligarchy ≈ #PublicDebt of #WeThePeople. ⇒https://t.co/j7GUTzzeIW
January 29, 2022
Occasional Tweets: Economics is not science but has always been political agenda-pushing
The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism are axiomatically false. #Economics is NOT #Science, #Economists are NOT #Scientists.
— E.K-H (@AXECorg) January 29, 2022
The real problem with the economics Nobelhttps://t.co/kCwE4nptUQ pic.twitter.com/YzwKOPArIP
Occasional Tweets: Yes, MMTers are value-driven ― unfortunately not by scientific values
Yes, #MMTers are value-driven. Their top-value is #Profit for the #Oligarchy. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, the #MMT policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. pic.twitter.com/cfA49hnhse
— E.K-H (@AXECorg) January 29, 2022
Yes, #MMTers are value-driven ― unfortunately not by the scientific values of material/formal consistency.
— E.K-H (@AXECorg) January 29, 2022
Bill Mitchell’s dishonorable discharge from the scienceshttps://t.co/op89BTNCxE#MMT is refuted on all countshttps://t.co/9Rldtrw2J1#MMTers are just #UsefulIdiots. pic.twitter.com/RMO1lKI6C7
Occasional Tweets: Deficit-spending, money-creation, macroeconomic profit, and distribution
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, the policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Bigger is better, exploding #Debt is best. Trillionaires say thank you, Mr. Biden! pic.twitter.com/0zBRm8ol0B
— E.K-H (@AXECorg) January 29, 2022
January 28, 2022
Occasional Tweets: The macroeconomic arithmetic of deficit, price, and profit
#DearIdiots
— E.K-H (@AXECorg) January 28, 2022
The macroeconomic #LawOfSupplyAndDemand and the #ProfitLaw tell one how #Price P and #Profit Qm increase as a function of #DeficitSpending i.e. of the expenditure ratio ρE and the other factors (→ elementary formulas). pic.twitter.com/OmqCW3kfzt
Occasional Tweets: Economists! After 200+ years of proto-scientific garbage finally do the Paradigm Shift!
#Economics #Reset
— E.K-H (@AXECorg) January 28, 2022
For the Paradigm Shift from silly neoclassical #MicroFoundations and dumb Keynesian #Macrofoundations to the true set of macroeconomic #Axioms see here:
The logical interface between objective macrofoundations and subjective valuationshttps://t.co/mJskbCqSGE pic.twitter.com/B29lURiM73
Occasional Tweets: Alfred Marshall and the history of fake science
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) January 28, 2022
The history of economic thought is the history of scientific failure.
Marshall and the Cambridge School of plain economic gibberishhttps://t.co/7Pr9uG2TmV
Things have NOT improved to this day. pic.twitter.com/Pg5BM1JcIy
January 27, 2022
Occasional Tweets: The futile attempt to recycle economics imperialism (I)
#Economics is NOT #Life, and life is NOT economics. Economics is #FakeScience, and #Economists are #Clowns / #UsefulIdiots /#AgendaPushers in the political #CircusMaximus.
— E.K-H (@AXECorg) January 27, 2022
Economics looks like science but is nothttps://t.co/OT6kdgrPqF pic.twitter.com/Msvd1t0Rop
Occasional Tweets: Applause-trolling ― the final stage of economists' mental detoriation
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) January 27, 2022
Two applause trolls applaud each other: economics has come down to a pure #DisInfoTainment shitshow. pic.twitter.com/A7FojpBvMO
January 26, 2022
Occasional Tweets: Economics curriculum ― the transmutation of plain morons to graduate morons (I)
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) January 26, 2022
Econ 101: Economists flunk the intelligence test at the first hurdlehttps://t.co/BTQxySrNgI
Are economics professors really that incompetent? Yes!https://t.co/DO98J4Eb6x pic.twitter.com/5a5wiA3BPc
Occasional Tweets: Economists are too stupid for macro accounting (II)
Since #Keynes #Economists are too stupid for the elementary #Algebra that underlies #MacroEconomics. Macro accounting tells one #PublicDeficitIsPrivateProfit.
— E.K-H (@AXECorg) January 25, 2022
A crash course in macro accountinghttps://t.co/ra68RI5GgM
For more on accounting see the queryhttps://t.co/sOLeafaakF pic.twitter.com/Cj5qSVdW40
January 24, 2022
Occasional Tweets: The futile attempt to recycle Keynes (V)
#Economics#FailedScience#FakeScience#Keynesianism has been buried long ago at the Flat-Earth-Cemetery. #Keynes was too stupid for #Science. #Economists still don't get it.
— E.K-H (@AXECorg) January 24, 2022
Forget Keyneshttps://t.co/T6Y8aFo72J pic.twitter.com/5hSvD9MYrh
Occasional Tweets: How academic economics could be better organized? ― Just shut up!
The history of economic thought is the history of scientific failure. #Economists are NOT #Scientists but #Clowns/#UsefulIdiots/#AgendaPushers in the political #CircusMaximus. The best thing they can do for human welfare is to shut up.
— E.K-H (@AXECorg) January 24, 2022
→ econogenicshttps://t.co/zr0XRorAtq pic.twitter.com/j8AhxPnIiQ
Occasional Tweets: What is wrong with economics? (I)
What is wrong with #Economics in general and #DSGE, in particular, is that #Economists are too stupid for #Science. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, are mutually contradictory, axiomatically false, and materially/formally inconsistent. pic.twitter.com/Y3OJMisd3R
— E.K-H (@AXECorg) January 24, 2022
Occasional Tweets: The economics of the 21st Century takes place without MMT
The #MMT #SectoralBalances equation is provably false. Like Keynesians, #MMTers are too stupid for the elementary #Algebra of #MacroFoundations and therefore get the whole of #MacroEconomics badly wrong.
— E.K-H (@AXECorg) January 24, 2022
No future for axiomatically false economicshttps://t.co/2T1TfMVkEo pic.twitter.com/37An2YkmDw
January 23, 2022
Occasional Tweets: The futile attempt to recycle Chicago economics
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) January 23, 2022
The history of economic thought is the history of scientific failure. Bc they are too stupid for the elementary #Algebra of #MacroFoundations, #Economists get the foundational concept of #Profit wrong since the founding fathers pic.twitter.com/3YuWQo79HY
January 22, 2022
Occasional Tweets: Gossip economics (IV)
“Economics is the study of the economy, not the study of economists.” (R. Reis)#Walrasianism, #Keynesianism, #Marxianism, #Austrianism are mutually contradictory, axiomatically false, materially/formally inconsistent.#Gossip veils the total scientific failure of #Economics.
— E.K-H (@AXECorg) January 22, 2022
Occasional Tweets: Economists are not going to solve the mind-body problem or any other problem for that matter
The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism are mutually contradictory, axiomatically false, materially/formally inconsistent. #Economists are too stupid for #Science. They don't solve any problems. pic.twitter.com/y9soaZZWhk
— E.K-H (@AXECorg) January 22, 2022
Occasional Tweets: Prices and profits ― high time to get it right
#DearIdiots
— E.K-H (@AXECorg) January 22, 2022
The macroeconomic #LawOfSupplyAndDemand and the #ProfitLaw tell one how #Price P and #Profit Qm increase as a function of #DeficitSpending ie. of the expenditure ratio ρE and the other factors (→ elementary formulas). pic.twitter.com/Ud3WfkzGdt
January 21, 2022
Occasional Tweets: The indelible shame of economists ― profit and distribution theory are provably false for 200+ years
The correct name for the current political system is #Oligarchy. The 3-sector #ProfitLaw Q≡(G−T)+(I−S) implies #PublicDeficitIsPrivateProfit. #DeficitSpendingMoneyCreation secures the self-alimentation of the #Oligarchy with #Profit/#Interest that in turn enables #StateCapture pic.twitter.com/N4A5rxGd2h
— E.K-H (@AXECorg) January 21, 2022
Occasional Tweets: GDP ― the smoking-gun proof of economists' scientific incompetence
Because #Economists are too stupid for the elementary #Algebra of #MacroFoundations they got the concept of #Profit wrong. Bc of this, the whole analytical superstructure is scientifically worthless.
— E.K-H (@AXECorg) January 21, 2022
The GDP-death-blow for the economics professionhttps://t.co/QJycQUh0Uj
Occasional Tweets: The futile attempt to recycle the Invisible Hand (I)
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) January 21, 2022
The history of economic thought is the history of scientific failure and the "invisible hand" is the biggest political fooling for 200+ years.
How Adam Smith messed up economicshttps://t.co/QD7kIXA3VP pic.twitter.com/cfXs9IXOGL
January 20, 2022
Occasional Tweets: How the Oligarchy's invisible hand conjures up profit
The correct name for the current political system is #Oligarchy. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #DeficitSpendingMoneyCreation = growing #PublicDebt secures the self-alimentation of the #Oligarchy with #Profit/#Interest. pic.twitter.com/mu83S12zNW
— E.K-H (@AXECorg) January 20, 2022
Occasional Tweets: The futile attempt to recycle Keynes (IV)
#FailedScience#FakeScience#Keynesianism has been buried long ago at the Flat-Earth-Cemetery. #Keynes was too stupid for #Science.
— E.K-H (@AXECorg) January 20, 2022
Forget Keyneshttps://t.co/T6Y8aFo72J#Economists still don't get it.
Links on Paul Krugman, proto-scientific impresariohttps://t.co/RRYQuNSgTU pic.twitter.com/3GDmG4hAYP
Occasional Tweets: MMT trolls ― dumb but very busy (X)
#MMT#FailedScience#FakeScience
— E.K-H (@AXECorg) January 20, 2022
Stephanie Kelton's Deficit Myth is scientifically refuted and proven to be political agenda-pushing for the #Oligarchy.
The page where Stephanie Kelton gets macroeconomics wrong https://t.co/CNFDkXM1Ki pic.twitter.com/ptrq4lhwW8
Occasional Tweets: The futile attempt to recycle Ricardo (I)
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) January 20, 2022
The history of economic thought is the history of scientific failure.
Ricardo, too, got profit theory wronghttps://t.co/hAbgvDcx17
Occasional Tweets: Economics is not a science, never was
#Economics is about how the economic #System works.
— E.K-H (@AXECorg) January 20, 2022
Economics is NOT a social sciencehttps://t.co/zJHeQboYGHhttps://t.co/MzGiF9gpXa#Economists are NOT #Scientists but #Clowns / #UsefulIdiots / #AgendaPushers in the political #Circus Maximus. ⇒https://t.co/QD7kIXA3VP pic.twitter.com/GYyKvJiGhP
January 19, 2022
Occasional Tweets: The futile attempt to recycle Adam Smith (II)
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) January 19, 2022
The history of economic thought is the history of scientific failure.
The profit theory is false since Adam Smithhttps://t.co/s3zlXjwArK pic.twitter.com/tMIsVaWdJ0
Occasional Tweets: A nice place for economists, but not for science
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) January 19, 2022
Heart-warming to see Girton College, Cambridge, in their age-old heroic struggle for the poor and oppressed of the world. In marked contrast to the Downing Street party mob, these good folks respected the Covid social distancing rules!
Occasional Tweets: Economics ― the worst-ever parody of Plato's Academy
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) January 19, 2022
NOUS Network is an #EconBlocker.#EconBlockers violate the Code of Professional Conduct.https://t.co/5j0Nl9pyUC pic.twitter.com/Eagp6hpcAb
Occasional Tweets: Economic methodology ― even more scientifically worthless than economics itself
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth#Methodologists are an integral part of the wholesale failure of economics.
— E.K-H (@AXECorg) January 19, 2022
How incompetent are economic methodologists? Very!https://t.co/71ppMP8GU1 pic.twitter.com/Adbong8OYo
January 18, 2022
Occasional Tweets: Where do profits come from? ― economists have no idea to this day
#MMT#BadScienceBadPolicyBadPeople
— E.K-H (@AXECorg) January 18, 2022
The Levy/Kalecki Profit Equation is falsehttps://t.co/cTbCmCsiI7
Occasional Tweets: No need to feel sorry about low-level economists ― just get them out of science
#Keynesianism has been buried long ago at the Flat-Earth-Cemetery. #Keynes messed up #MacroEconomics because he was too stupid for elementary #Algebra. Low-level #Economists including #MMTers have not realized anything to this day.
— E.K-H (@AXECorg) January 18, 2022
Forget Keyneshttps://t.co/T6Y8aFo72J pic.twitter.com/o9ZjOwppCe
January 17, 2022
Occasional Tweets: The futile attempt to recycle Pluralism
#Economics does NOT need the #Pluralism of idiotism but the #TrueTheory. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT, are mutually contradictory, axiomatically false, materially/formally inconsistent. The fact is that #Economists are too stupid for #Science. pic.twitter.com/j3UvDmS6Ke
— E.K-H (@AXECorg) January 17, 2022
January 16, 2022
Occasional Tweets: Burying the Phillips Curve zombie
There is (i) the original wage Phillips Curve and (ii) the bastard price Phillips Curve. Note that (i) is true and (ii) is false. Given their scientific incompetence, (ii) has dominated mainstream economics for decades.
— E.K-H (@AXECorg) January 16, 2022
Links on the Phillips Curvehttps://t.co/0yuibAGZDZ
Occasional Tweets: Historians of economic thought ― recycler of proto-scientific garbage
The history of economic thought is the history of scientific failure. #Walrasianism, #Keynesiansm, #Marxianism, #Austrianism, are mutually contradictory, axiomatically false, materially/formally inconsistent. Historians, too, have no clue and senselessly recycle this dead stuff. pic.twitter.com/N2dEJlEoTa
— E.K-H (@AXECorg) January 16, 2022
January 15, 2022
Occasional Tweets: Economics claims to be science, actually it is cargo cult science
#Economics#FailedScience#FakeScience#CargoCultScience
— E.K-H (@AXECorg) January 15, 2022
The history of economic thought is the history of scientific failure.
Economics Imperialism ― political opinion on everything but scientific knowledge of nothinghttps://t.co/0oE5bq94Rm pic.twitter.com/bR43ojiQ0x
January 14, 2022
Occasional Tweets: The futile attempt to recycle Austrianism (I)
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) January 14, 2022
Hayek was not an economisthttps://t.co/vKqQUeyNq8
… but a political #AgendaPusher. This holds for the whole of #Austrianism. Hayek never understood how the economic #System works. pic.twitter.com/G3hIDsX411
Occasional Tweets: What is profit? ― don't ask economists
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) January 14, 2022
The history of economic thought is the history of scientific failure. The most important concept of #Economics is #Profit and #Economists get it wrong for 200+ years.
Query Profithttps://t.co/kemMXNU4g4 pic.twitter.com/8kkqR15p6q
Occasional Tweets: Economics still lacks correct macrofoundations (I)
#FakeScience
— E.K-H (@AXECorg) January 14, 2022
The history of economic thought is the history of scientific failure. #Economists are too stupid for the elementary #Algebra that underlies #MacroEconomics. Since Keynes, they get the foundational concept of macroeconomic #Profit wrong. ⇒https://t.co/vTNWwrNUxA pic.twitter.com/jK4vaJ9fhm
Occasional Tweets: Economists are on the wrong side of the red line that separates science and politics
Friendly reminder
— E.K-H (@AXECorg) January 14, 2022
• #Economics understood as #Science has NO political mandate.
• #Economics is a #FailedScience because #Economists are too stupid for the #Algebra of #ProfitTheory.
• #Economists are NOT #Scientists but #Clowns/#UsefulIdiots in the political #CircusMaximus. pic.twitter.com/xW6gNYSjRh
Occasional Tweets: The futile attempt to recycle Adam Smith (I)
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) January 14, 2022
The history of economic thought is the history of scientific failure.
How Adam Smith messed up economicshttps://t.co/QD7kIXA3VP pic.twitter.com/CktfXJaHPB
January 12, 2022
Occasional Tweets: Scientific truth went out the window long ago
Scientific truth went out the window long ago. #Walrasianism, #Keynesiansm, #Marxianism, #Austrianism, #MMT are mutually contradictory, axiomatically false, materially/formally inconsistent. #Economics is NOT #Science, but #Economists still get a loud voice. pic.twitter.com/8E8onb068t
— E.K-H (@AXECorg) January 12, 2022
Occasional Tweets: PsySoc ― economists are in the wrong business
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) January 12, 2022
Economics is neither #Psychology nor #Sociology, it is the #Science about how the economic #System works. That #Economists have not figured out to this day.
PsySoc — the scourge of economicshttps://t.co/uqLfmGljZ0
January 11, 2022
Occasional Tweets: The secret formula of Capitalism's success
#HowItWorks
— E.K-H (@AXECorg) January 11, 2022
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, permanent #DeficitSpendingMoneyCreation secures the permanent self-alimentation of the #Oligarchy. Growing #PublicDebt is the life elixir of #Capitalism. pic.twitter.com/BcnGnnoViX
January 10, 2022
Occasional Tweets: How it works (I)
#HowItWorks
— E.K-H (@AXECorg) January 10, 2022
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, the policy of #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Bigger is better, exploding #PublicDebt is best. Trillionaires say thank you, Mr. Biden! pic.twitter.com/AHtrdIWeBx
Occasional Tweet: In essence, economics is the endless recycling of proto-scientific garbage
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) January 10, 2022
Like #Walrasianism, #Keynesianism has been buried long ago at the Flat-Earth-Cemetery. #Keynes messed up #MacroEconomics because he was too stupid for elementary #Algebra.
Forget Keyneshttps://t.co/T6Y8aFo72J pic.twitter.com/t9uyU0fmvm
January 9, 2022
Occasional Tweets: How the state became the profit creator and interest collector for the Oligarchy
#HowItWorks
— E.K-H (@AXECorg) January 9, 2022
War increases #Debt. For #PublicDebt holds #WeThePeopleOwesIt and #OligarchyOwnsIt. This #CashCow produces continuous interest for the #Oligarchy which the gov taxes from #WeThePeople. #PublicDebt comes from the policy of #DeficitSpending. It holds: pic.twitter.com/Vucw3pi0jw
Occasional Tweets: Economics ― the pluralism of idiotism (II)
#Economics#FailedScience#FakeScience#Economics does NOT need the #Pluralism of idiotism but the true theory. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism, #MMT, are mutually contradictory, axiomatically false, and materially/formally inconsistent. pic.twitter.com/lNCJg2mGCg
— E.K-H (@AXECorg) January 9, 2022
Occasional Tweets: Keynesians ― "the slaves of some defunct economist"
#Economics#FailedScience#FakeScience#Keynesianism has been buried at the Flat-Earth-Cemetery long ago. #Keynes messed up #MacroEconomics because he was too stupid for elementary #Algebra.
— E.K-H (@AXECorg) January 9, 2022
Forget Keyneshttps://t.co/T6Y8aFo72J pic.twitter.com/5oFCFdGa34
Occasional Tweets: The value of counterfeit currency
#Crypto derives its “value” from the fact that the #BlackEconomy needs an ANONYMOUS medium of exchange. It privatizes #Seigniorage. The volume of #Crypto is a metric for the private/public corruption of an #Economy.
— E.K-H (@AXECorg) January 9, 2022
Criminals and the monetary orderhttps://t.co/Iq1lVxePy1
January 8, 2022
Occasional Tweets: It is long known that economics is failed/fake science
#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) January 8, 2022
From his study of the history of economic thought, Schumpeter knew that #Economics has always been proto-scientific garbage. pic.twitter.com/PYTIIB3ZTG
January 5, 2022
Occasional Tweets: From behavioral microfoundations to systemic macrofoundations
#Greed is an issue for #Psychology/#Sociology. #Economics deals NOT with human nature/motives/behavior/action but with the behavior of the economic #System. #MicroFoundations inevitably yield proto-scientific garbage.
— E.K-H (@AXECorg) January 5, 2022
The Science-of-Man Fallacyhttps://t.co/0h4hGuqYHr pic.twitter.com/R6h6Ey7N0m
Occasional Tweets: Price and profit effect of deficit-spending/money-creation
#MacroFoundations#Inflation is a #MacroEconomic phenomenon. The macro #LawOfSupplyAndDemand and the #ProfitLaw tells one how #Price P and #Profit Qm increase as a function of #DeficitSpendingMoneyCreation i.e. the expenditure ratio ρE (→ elementary formulas) pic.twitter.com/TAhHkj2tvr
— E.K-H (@AXECorg) January 5, 2022
Occasional Tweets: Economics Imperialism ― political opinion on everything but scientific knowledge of nothing
#Economics#FailedScience#FakeScience#DisInfoTainment#Economists have a political #Opinion on everything but scientific #Knowledge of nothing. This defect is known as #EconomicsImperialism.
— E.K-H (@AXECorg) January 5, 2022
Economists: Jacks-of-all-trades ― except economicshttps://t.co/cChZwVrq7J pic.twitter.com/ydw1IGqeWJ
Occasional Tweets: Austerity is bad ― but for whom exactly?
There are #BudgetSurplus, #BalancedBudget, #BudgetDeficit. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #DeficitSpendingMoneyCreation secures the self-alimentation of the #Oligarchy with #Profit.
— E.K-H (@AXECorg) January 5, 2022
→ links #Austerityhttps://t.co/nsoHK9Oalh pic.twitter.com/DQ9lt9Iims
Occasional Tweets: Economics has no political mandate
Friendly reminder
— E.K-H (@AXECorg) January 5, 2022
• #Economics understood as #Science has NO political mandate.
• #Economics is a #FailedScience because #Economists are too stupid for the #Algebra of #ProfitTheory.
• #Economists are NOT #Scientists but #Clowns/ #UsefulIdiots in the political #CircusMaximus. pic.twitter.com/tY5fOhY1sS
January 4, 2022
Occasional Tweets: What is economics? (III)
#Economics#FailedScience#FakeScience#Economics is NOT about human behavior (eg. choice) but about the behavior of the economic #System. Behavioral economics is proto-scientific garbage.
— E.K-H (@AXECorg) January 4, 2022
What is economics?https://t.co/vKwexD6Npq pic.twitter.com/VqeJA7zqX4
Occasional Tweets: Economists habitually confuse Democracy and Oligarchy
The correct term for the current political system is #Oligarchy. The 3-sector #ProfitLaw Q≡(G−T)+(I−S) implies #PublicDeficitIsPrivateProfit. #DeficitSpendingMoneyCreation secures the self-alimentation of the #Oligarchy with #Profit/#Interest which is used for #StateCapture. pic.twitter.com/DirBbCffcY
— E.K-H (@AXECorg) January 4, 2022
January 3, 2022
Occasional Tweets: Words mean something ― except in economics
“Words mean something” is tautologically true. However, because #Economists are too stupid for the elementary #Algebra of #MacroEconomics they NEVER understood what the word #Profit means. This is why economic debates are brain-dead blather to this day.⇒https://t.co/QJycQUh0Uj pic.twitter.com/rQmLbmOqC5
— E.K-H (@AXECorg) January 3, 2022
Occasional Tweets: Forget Adam Smith
#Economics#FailedScience#FakeScience
— E.K-H (@AXECorg) January 3, 2022
The history of economic thought is the history of scientific failure.
How Adam Smith messed up economicshttps://t.co/QD7kIXA3VP
Bc Adam Smith never understood how the economy works his economic policy guidance has always been worthless. pic.twitter.com/liO4IbMa0f
January 2, 2022
Occasional Tweets: Economists do not make the world a better place
He who is unfit for #Science becomes an #Economist. #Economists are #Clowns/#UsefulIdiots/#AgendaPushers in the political #CircusMaximus. The world would be a better place without them.
— E.K-H (@AXECorg) January 2, 2022
→ econogenicshttps://t.co/zr0XRorAtq pic.twitter.com/ETXFb9Mdfr