#Economics
— E.K-H (@AXECorg) August 31, 2023
The history of economic thought is the history of scientific failure. Adam Smith NEVER understood what #Profit is and how the economic #System works. Economic #PolicyGuidance has NEVER had sound scientific foundations. #Economists still have not figured that out. pic.twitter.com/0P0p7SAQ3N
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.
August 31, 2023
Occasional Xs: The futile attempt to recycle Adam Smith (XXXV)
Occasional Xs: How it works (XXXVI)
#HowItWorks
— E.K-H (@AXECorg) August 31, 2023
The macroeconomic 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd ↓ implies #DeficitSpendingHouseholdSector = #ProfitBusinessSector. This works fine for the #Economy until the households reach the #CreditLimit. Then things go into reverse, i.e. #Profit turns into #Loss. pic.twitter.com/jsR4i8Z8YT
Occasional Xs: How it works (XXXV)
#LearnEconomics
— E.K-H (@AXECorg) August 31, 2023
The macroeconomic #LawOfSupplyAndDemand and the #ProfitLaw tell one exactly how avg #Price P & total #Profit Qm move as a function of avg #WageRate W, avg Productivity R & overall #DeficitSpendingMoneyCreation ρE ― which is the common cause. pic.twitter.com/wlxnTvTm2W
August 30, 2023
Occasional Xs: Economics is not science but disinfotainment (XL)
#Econ#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism etc. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. Therefore, academic rankings are meaningless. pic.twitter.com/pnlt34f9cL
— E.K-H (@AXECorg) August 30, 2023
Occasional Xs: The foul spirit of political economics (XLI)
#Economics#EconomicWarfare
— E.K-H (@AXECorg) August 30, 2023
The idea to turn off the gas tap & create an artificial/inflationary #Scarcity was originally (2016) by Mr. Habeck. As a minister, he & the #ZeitenWende folks are now in the execution phase, i.e. demolishing the #Economy/impoverishing #WeThePeople. pic.twitter.com/e77SARlrRF
Occasional Xs: How it works (XXXIV)
The US political system is an #Oligarchy. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #PrivateFinancialWealth grows with #PublicDebt & in the form of #Bonds becomes the Oligarchy's eternal #Interest #CashCow. #Interest is taxed from #WeThePeople. pic.twitter.com/h3fpdhs2BF
— E.K-H (@AXECorg) August 30, 2023
August 29, 2023
Occasional Xs: How it works (XXXIII)
#Economics#War#Budget
— E.K-H (@AXECorg) August 29, 2023
USA/EUR is at war with RUS. #WarEconomy means #DeclineOfProsperity / #Impoverishment / #SocialDeprivation / #DeficitSpendingMoneyCreation / increase of #PublicDebt / #Inflation bc in real terms, it is ALWAYS #WeThePeople who pays for the war.
Occasional Xs: The futile attempt to recycle Keynesianism (XXVII)
#Economics
— E.K-H (@AXECorg) August 29, 2023
The history of #EconomicThought is the history of #ScientificFailure. #Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra. For 80+ years, #Economists have not realized that #MacroEconomics is provably false. pic.twitter.com/2E37o3xL9y
Occasional Xs: The representative economist is not a scientist but an agenda-pusher (XII)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) August 29, 2023
The major approaches are axiomatically false & materially/formally inconsistent & ALL got the foundational concept of #Profit wrong. #Economics is scientifically worthless. It has no truth-value but only use-value in the #DisInfoTainment business. pic.twitter.com/3edvdKrOsv
Occasional Xs: The representative economist is not a scientist but an agenda-pusher (XI)
#Econ#DisInfoTainment#Economics is #FailedFakeScience. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. #Austrianism/Peter Boettge is a case in point. He should have stuck with coaching. pic.twitter.com/P8LHdNf3GT
— E.K-H (@AXECorg) August 29, 2023
Occasional Xs: The representative economist is not a scientist but an agenda-pusher (X)
#Econ#DisInfoTainment#Economics is #FailedFakeScience. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. In Shakespeare's words “… it is a tale told by an idiot, …, signifying nothing.”
— E.K-H (@AXECorg) August 29, 2023
August 28, 2023
Occasional Xs: The foul spirit of political economics (XL)
#Economics is #FailedFakeScience. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus.
— E.K-H (@AXECorg) August 28, 2023
Rüdiger Bachmann is an #EconBlocker.#EconBlockers violate the Code of Professional Conduct pic.twitter.com/gHKK4JXinV
Occasional Xs: How it works (XXXII)
#HowItWorks
— E.K-H (@AXECorg) August 28, 2023
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Private #FinancialWealth grows with #PublicDebt which is the #LifeFormula of the so-called #FreeMarketEconomy. pic.twitter.com/GdW1OEp0es
August 27, 2023
Occasional Xs: The foul spirit of political economics (XXXIX)
#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) August 27, 2023
Since the founding fathers, economists have consistently violated the foundational principle of the separation of science and politics.#TheScientistIsNoActivist#TheActivistIsNoScientist#PoliticsCorruptsScience pic.twitter.com/dMgAczqZex
August 26, 2023
Occasional Xs: The foul spirit of political economics (XXXVIII)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) August 26, 2023
Wow, how #Bidenomics is promoted by Achim Truger, Professor of Socio-Economics and Member of the German Council of Economic Experts. pic.twitter.com/7TetHzNwbM
Occasional Xs: How it works (XXXI)
#MarketEconomy
— E.K-H (@AXECorg) August 26, 2023
The correct designation of the U.S. political system is NOT #Democracy but #Oligarchy with #Congress/#Treasury/#Fed/#BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit i.e. their #FreeLunch is self-generated. pic.twitter.com/7MLsSE565U
August 25, 2023
Occasional Xs: The futile attempt to recycle Marx (XI)
#Econ#FailedFakeScience#Marx#Economics claims to be #Science but is not. The representative #Economist is NOT a #Scientist but an #AgendaPusher/#UsefulIdiot/#Clown in the political #CircusMaximus.
— E.K-H (@AXECorg) August 25, 2023
Dear idiots, Marx got profit and exploitation wronghttps://t.co/0kj2UV8UXT
Occasional Xs: The representative economist is not a scientist but an agenda-pusher (IX)
#Econ#FailedFakeScience#Economics is NOT #Science but #DisInfoTainment. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus.
— E.K-H (@AXECorg) August 25, 2023
Links on Paul Krugman, proto-scientific impresariohttps://t.co/RRYQuNSgTU pic.twitter.com/vMqGe9LwNO
August 24, 2023
Occasional Xs: The foul spirit of political economics (XXXVII)
#Economics#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, etc. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. This qualifies #Economists to prattle about #Religion. pic.twitter.com/tVSo92ra7k
— E.K-H (@AXECorg) August 24, 2023
August 23, 2023
Occasional Xs: Economics still lacks correct macrofoundations (XI)
#Econ#FailedFakeScience#Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra. #MacroFoundations are provably false so the whole of #MacroEconomics is scientifically worthless. Whatever macro approach one picks it's always proto-scientific garbage pic.twitter.com/XHvHgqGNdu
— E.K-H (@AXECorg) August 23, 2023
Occasional Xs: Economics is not science but disinfotainment (XXXIX)
#Econ#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism etc. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. Therefore, academic rankings are meaningless. pic.twitter.com/pnlt34f9cL
— E.K-H (@AXECorg) August 30, 2023
August 22, 2023
Occasional Xs: The foul spirit of political economics (XXXVI)
The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Their #FinancialWealth grows with #PublicDebt & in the form of #Bonds becomes the #Interest #CashCow. Congratulations are inappropriate pic.twitter.com/XkGeYSTyUR
— E.K-H (@AXECorg) August 22, 2023
Occasional Xs: The foul spirit of political economics (XXXV)
#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Neither von Mises nor Buchanan understood how the #Economy works. So, their #Capitalism/#Socialism blather has always been pointless.
— E.K-H (@AXECorg) August 22, 2023
Occasional Xs: Clueless economists / Money (I)
#Economics#FailedFakeScience#Economists#StupidOrCorruptOrBoth
— E.K-H (@AXECorg) August 22, 2023
The problem is NOT #FiatMoney per se. The point is always whether #Money is injected at the supply side/wage bill (= right) or on the demand side (= wrong).
Criminals and the monetary orderhttps://t.co/Iq1lVxfnnz
Occasional Xs: The foul spirit of political economics (XXXIV)
#Econ
— E.K-H (@AXECorg) August 22, 2023
The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. #Economics is weaponized since A. Smith. pic.twitter.com/7w6LEPlWZn
Occasional Xs: Clueless economists / Profit (III)
#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. The lethal blunder of #Economists of ALL schools is NOT confusing weather with climate but #Profit with #Income.
— E.K-H (@AXECorg) August 22, 2023
August 21, 2023
Occasional Xs: Clueless economists / Markets (I)
#Economics#SupplyDemandEquilibrium#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economists still don't understand how the #MarketSystem works. ⇒https://t.co/rJYkvXx3XN
— E.K-H (@AXECorg) August 21, 2023
Occasional Xs: The foul spirit of political economics (XXXIII)
#Economics#FailedFakeScience#EconomicWarfare
— E.K-H (@AXECorg) August 21, 2023
GER is NOT in a #NotSituation ― she is via #NATO at #War with RUS. The ruin of the #Economy & the #Impoverisment of #WeThePeople is the direct consequence of the #ZeitenWende policy. Deactivating the #SchuldenBremse does NOT help. pic.twitter.com/FQnnmzPLEq
Occasional Xs: Economics still lacks correct macrofoundations (X)
#Econ#FailedFakeScience#Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra. #MacroFoundations are provably false, so the whole of #MacroEconomics is scientifically worthless. Whatever approach one picks it's always proto-scientific garbage. pic.twitter.com/4gla4FjJ1E
— E.K-H (@AXECorg) August 21, 2023
Occasional Xs: Economists’ eternal problem with methodology (II)
#Economics#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic #PolicyGuidance has NEVER had valid scientific foundations. pic.twitter.com/yasCCtTSdy
— E.K-H (@AXECorg) August 21, 2023
Occasional Xs: The foul spirit of political economics (XXXII)
#Econ#Economics is #FailedFakeScience. #Europe is starting to realize that the representative U.S. #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #SalesRep / #Lobbyist / #WarMonger & witless #Prankster. pic.twitter.com/iu26KCChUn
— E.K-H (@AXECorg) August 21, 2023
August 20, 2023
Occasional Xs: Clueless economists / Inflation (IV)
#LearnEconomics#Inflation is a #MacroEconomic phenomenon. Attached is the axiomatically correct elementary #LawOfSupplyAndDemand. It tells one that neither #Employment nor #Expectations nor the #QuantityOfMoney is among the #PriceDeterminants. pic.twitter.com/WsxR5uzFNo
— E.K-H (@AXECorg) August 20, 2023
Occasional Xs: Economics is not science but disinfotainment (XXXVIII)
#Econ
— E.K-H (@AXECorg) August 20, 2023
For 200+ yrs, #Economics is #FailedFakeScience. #Economists have not solved any problem ― neither simple nor complex. Just the opposite, in their #ScientificIncompetence they have messed up everything and are a clear & present danger to their fellow citizens. pic.twitter.com/7VtYYiRJ0Y
Occasional Xs: Economics still lacks correct macrofoundations (IX)
#Economics#FailedFakeScience#Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra. #MacroFoundations are provably false, so the whole of #MacroEconomics is scientifically worthless. Both Reis & Blanchard are lost in proto-scientific garbage. pic.twitter.com/d0AHPUy3MI
— E.K-H (@AXECorg) August 20, 2023
August 19, 2023
Occasional Xs: Economics still lacks correct macrofoundations (VIII)
#Econ#Economics is #FailedFakeScience. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics has always been scientifically worthless. It is time for the #ParadigmShift. pic.twitter.com/CkVOpOzDBX
— E.K-H (@AXECorg) August 19, 2023
Occasional Xs: How it works (XXX)
#MarketEconomy
— E.K-H (@AXECorg) August 19, 2023
The correct designation of the GER political system is NOT #Democracy but #Oligarchy with #Parliament/#Treasury/#CB/#BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit i.e. their #FreeLunch is self-generated. pic.twitter.com/5bMOtC4JWh
Occasional Xs: Economics is not science but disinfotainment (XXXVII)
#EconNobel
— E.K-H (@AXECorg) August 19, 2023
Prizes are a tool of #Marketing / #PR / #Hollywood to shape #PublicOpinion. #Economics is #FailedFakeScience, so prizes have NO scientific significance but are an #Incentive/#Reward with which the #Oligarchy controls #Academia. Links ⇒https://t.co/ExJf3VErgZ pic.twitter.com/YhjgpKd3ck
Occasional Xs: Economics still lacks correct macrofoundations (VII)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) August 19, 2023
The history of #EconomicThought is the history of #ScientificFailure. #Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra. Today, #Economists have yet to realize that #MacroFoundations are false. pic.twitter.com/SOrvF7HY3b
Occasional Xs: Clueless economists / Inflation (III)
#LearnEconomics
— E.K-H (@AXECorg) August 19, 2023
The macroeconomic #LawOfSupplyAndDemand and the #ProfitLaw tell one exactly how avg #Price P & total #Profit Qm move as a function of avg #WageRate W, avg Productivity R & overall #DeficitSpendingMoneyCreation ρE ― which is the common cause. pic.twitter.com/OQqKyia1Ve
Occasional Xs: Economics is not science but disinfotainment (XXXVI)
#Economics#FailedFakeScience#PolyCrisis#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Bc of their #ScientificIncompetence #Economists cannot solve crises but only produce them. pic.twitter.com/o9ZnJ1mFR7
— E.K-H (@AXECorg) August 19, 2023
August 18, 2023
Occasional Xs: How it works (XXIX)
#LearnEconomics
— E.K-H (@AXECorg) August 18, 2023
The macroeconomic #LawOfSupplyAndDemand and the #ProfitLaw tell one exactly how avg #Price P & total #Profit Qm move as a function of avg #WageRate W, avg Productivity R & overall #DeficitSpendingMoneyCreation ρE ― which is the common cause. pic.twitter.com/VAAM9fUdXA
August 16, 2023
Occasional Xs: Clueless economists / Phillips Curve (VI)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) August 16, 2023
Due to the lack of correct #MacroFoundations, Samuelson et al. messed up the original #PhillipsCurve. Being scientifically incompetent, #Economists have not realized anything since then. For details see links ⇒https://t.co/0yuibAGZDZ
August 15, 2023
Occasional Xs: Clueless economists / Inflation (II)
#LearnEconomics
— E.K-H (@AXECorg) August 15, 2023
The macroeconomic #LawOfSupplyAndDemand tells one how the avg #Price P moves for any #Employment level under the condition of #MarketClearing as a function of avg #WageRate W, avg #Productivity R, & #DeficitSpendingMoneyCreation ρE. pic.twitter.com/v7zBbRjWub
Occasional Xs: How it works (XXVIII)
#Economics#FailedFakeScience#Employment#Inflation
— E.K-H (@AXECorg) August 15, 2023
Phillips' original curve has been badly messed up in the 1950s and has been dead since then. For the explanation of the axiomatically correct structural #PhillipsCurve (below) see the queryhttps://t.co/O9AdrywVXA pic.twitter.com/I8AlOxCAGD
August 12, 2023
Occasional Xs: How it works (XXVII)
#LearnEconomics
— E.K-H (@AXECorg) August 12, 2023
The axiomatically correct macroeconomic #EmploymentLaw tells one exactly how employment L moves with the #FactorCostRatio ρF (avg #WageRate W, #Price P, #Productivity R) and the #ExpenditureRatio ρE which includes public #DeficitSpendingMoneyCreation. pic.twitter.com/chi5gLFsX3
Occasional Xs: Economics is not science but disinfotainment (XXXV)
#Economics claims to be #Science but is NOT. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. #Econ is an integral part of the #DisInfoTainment industry. Lucas' theory of rational expectations is proof
— E.K-H (@AXECorg) August 12, 2023
August 11, 2023
Occasional Xs: How it works (XXVI)
#HowItWorks
— E.K-H (@AXECorg) August 11, 2023
The 3-sector #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. So, #DeficitSpendingMoneyCreation is a #FreeLunch for the #Oligarchy. Private #FinancialWealth grows with #PublicDebt which is the #LifeFormula of the so-called #FreeMarketEconomy. pic.twitter.com/SryU37uqnX
Occasional Xs: Economics ― just disinfotainment and self-hype (XV)
#Economics
— E.K-H (@AXECorg) August 11, 2023
The major approaches are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. RES is their professional body. pic.twitter.com/dwHLgnEAXG
Occasional Xs: How it works (XXV)
The US political system is an #Oligarchy with Congress/Treasury/Fed/Banks/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit ie. #DeficitSpendingMoneyCreation generates their #FreeLunch. Boosting macro #Profit is the Fed's job.
— E.K-H (@AXECorg) August 11, 2023
Occasional Xs: Economics ― just disinfotainment and self-hype (XIV)
#Economics is #FailedFakeScience. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. Their #EconomicPolicyGuidance has NEVER had sound scientific foundations.
— E.K-H (@AXECorg) August 11, 2023
Isabella Weber is an #EconBlocker. pic.twitter.com/Wy76V7k4MI
August 9, 2023
Occasional Xs: Economics is not science but disinfotainment (XXXIV)
#Econ#DisInfoTainment#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Thus, the study of #Economics does not impart scientific knowledge. Cross-ref. ⇒https://t.co/N9r3nqUhDz
— E.K-H (@AXECorg) August 9, 2023
Occasional Xs: How it works (XXIV)
The UK/EU/US political system is an #Oligarchy. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit. #PrivateFinancialWealth grows with #PublicDebt & in the form of #Bonds becomes the Oligarchy's eternal #Interest #CashCow. Interest is taxed from #WeThePeople
— E.K-H (@AXECorg) August 9, 2023
Occasional Xs: The foul spirit of political economics (XXXI)
#Economics#SocialProblems
— E.K-H (@AXECorg) August 9, 2023
USA/EUR/GER is at war with RUS. #WarEconomy means #DeclineOfProsperity / #Impoverishment / #SocialDeprivation #DeficitSpendingMoneyCreation / increase of #PublicDebt / #Inflation bc in real terms, it is ALWAYS #WeThePeople who pays for the war. pic.twitter.com/fX3fWFUuJR
Occasional Xs: The foul spirit of political economics (XXX)
#Econ#Economics is #FailedFakeScience. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. Their #EconomicPolicyGuidance has NEVER had sound scientific foundations. Their self-hype is #Hollywoodesque. pic.twitter.com/iset5MHy4m
— E.K-H (@AXECorg) August 9, 2023
Occasional Xs: Economics is not science but disinfotainment (XXXIII)
#DiscoverEcon#FailedFakeScience#Walrasianism / #Keynesianism / #Marxianism / #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economics is scientifically worthless. ⇒https://t.co/DO98J4Eb6x
— E.K-H (@AXECorg) August 9, 2023
August 8, 2023
Occasional Xs: Economics is not science but disinfotainment (XXXII)
#Econ#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, et al. are axiomatically false & materially/formally inconsistent & ALL got the foundational economic concept of #Profit wrong. Economic #PolicyGuidance has NEVER had sound scientific foundations. pic.twitter.com/7Wr3blh0i9
— E.K-H (@AXECorg) August 8, 2023
Occasional Xs: Clueless economists / Employment (III)
#Employment#Inflation
— E.K-H (@AXECorg) August 8, 2023
The axiomatically correct macroeconomic #EmploymentLaw tells one that #Employment L decreases (unemployment increases) if the avg product price P rises faster than the avg wage rate W. Cross-references #PhillipsCurve ⇒https://t.co/gjD0JomQtf pic.twitter.com/HXuyeda0fl
Occasional Xs: The futile attempt to recycle Keynesianism (XXVI)
#Economics
— E.K-H (@AXECorg) August 8, 2023
The history of #EconomicThought is the history of #ScientificFailure. #Keynes got macroeconomic #Profit wrong bc he was too stupid for elementary #Algebra. For 80+ yrs, #Economists have not realized that #MacroEconomics is provably false. pic.twitter.com/PWymCFLpEM
Occasional Xs: Knowledge only ― no opinion (II)
#FailedFakeScience
— E.K-H (@AXECorg) August 8, 2023
Bc they are too stupid for elementary #Algebra, #Economists never got the foundational concept of their subject matter ― #Profit ― right. This is the #KnowledgeProblem of #Economics & the reason why it is scientifically worthless. ⇒https://t.co/QJycQUh0Uj pic.twitter.com/fwrR3VHOkR
Occasional Xs: The foul spirit of political economics (XXIX)
For 200+ years, #Economics is #FailedFakeScience. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #Clown in the political #CircusMaximus. The intellectual level of academic economic argumentation is meanwhile at the zero lower bound.
— E.K-H (@AXECorg) August 8, 2023
Occasional Xs: The foul spirit of political economics (XXVIII)
Affordable housing & other #SocialBenefits can be provided with a #BalancedBudget & all can be increased by reducing #MilitarySpending. #PseudoSocial #Economists propose instead #DeficitSpendingMoneyCreation bc more #Money is needed for #War & #TaxIncreases are suicidal.
— E.K-H (@AXECorg) August 8, 2023
August 7, 2023
Occasional Xs: The foul spirit of political economics (XXVII)
#Economics is #FailedFakeScience. #Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. #Economists are #FakeScientists. Their #PolicyGuidance has NEVER had sound scientific foundations.
— E.K-H (@AXECorg) August 7, 2023
Occasional Xs: The foundational methodological blunder of economics (II)
#Economics#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. To this day, #Methodologists have failed to figure that out. ⇒https://t.co/H2J8qUpgh9 pic.twitter.com/znP92Jsk9B
— E.K-H (@AXECorg) August 7, 2023
Occasional Xs: Economics ― just disinfotainment and self-hype (XIII)
#Economics is #FailedFakeScience. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. Their #EconomicPolicyGuidance has NEVER had sound scientific foundations.
— E.K-H (@AXECorg) August 7, 2023
Isabella Weber is an #EconBlocker. pic.twitter.com/sHkRM44DF8
Occasional Xs: The foul spirit of political economics (XXVI)
#FailedFakeScience#Walrasianism, #Keynesianism, #Marxianism, #Austrianism et al. are axiomatically false & materially/formally inconsistent & ALL got #Profit wrong. Economic #PolicyGuidance has NEVER had sound scientific foundations ― it's just silly political #AgendaPushing. pic.twitter.com/PfElUf4YG0
— E.K-H (@AXECorg) August 7, 2023
Occasional Xs: The foul spirit of political economics (XXV)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) August 7, 2023
Historically seen, the ruin of the GER #Economy & the #Impoverisment of #WeThePeople correlates with the #ZeitenWende which has been promoted by #PoliticalEconomists i.e. #FakeScientists / #AgendaPushers / #Clowns in the political #CircusMaximus. pic.twitter.com/hYGArckgPb
Occasional Xs: Time for economists to get the relationship between deficit, debt, and distribution right (II)
The GER political system is an #Oligarchy with Parliament/Treasury/CB/BigBusiness as integral parts. The #ProfitLaw Q≡(G−T)+(I−S)+Yd implies #PublicDeficitIsPrivateProfit i.e. private #FinancialWealth grows with #PublicDebt = basic distributional fact of the #MarketEconomy. pic.twitter.com/uA7xuYp3eO
— E.K-H (@AXECorg) August 7, 2023
August 6, 2023
Occasional Xs: Scrap the EconNobel (IV)
#Econ#Economics is #FailedFakeScience. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus.
— E.K-H (@AXECorg) August 6, 2023
The real problem with the economics Nobelhttps://t.co/kCwE4nptUQ pic.twitter.com/KjBBFLUWcb
Occasional Xs: Economics is not science but disinfotainment (XXXI)
#Economics is #FailedFakeScience. The representative #Economist is NOT a #Scientist but an #AgendaPusher / #UsefulIdiot / #Clown in the political #CircusMaximus. #EconomicPolicyGuidance has NEVER had sound scientific foundations but is just #DisInfoTainmet. pic.twitter.com/PlNSBxzD36
— E.K-H (@AXECorg) August 6, 2023