The US political system is an #Oligarchy. Congress/Treasury/Fed/BigBusiness are integral parts of it. The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. The growth of #PublicDebt generates the #Cash to keep things running. The bigger, the better. pic.twitter.com/Dodz2ceyQf— E.K-H (@AXECorg) October 23, 2022
October 23, 2022
Occasional Tweets: Why corporate profits are roughly double the pre-pandemic level
For details of the big picture see cross-references Profit/Distribution.