The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. Thus, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Growing #PublicDebt is the lifeblood of the so-called #MarketEconomy which is artificially kept alive by #Treasury / #Fed. pic.twitter.com/4tNxNhcaGs— E.K-H (@AXECorg) July 18, 2022
July 18, 2022
Occasional Tweets: The so-called free market economy is on the state ventilator
The answer to the existential question of economics whether the "existing economic system is, in any significant sense, self-adjusting" (Keynes) is NO. For details see 'What Keynes really meant but could not really prove'.