An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Bill Mitchell propagates permanent deficit-spending/money-creation because Public Deficit = Private Profit. So, even to mention rolling budget-balancing is anathema.
Very busy these days: Wall Street’s agents https://axecorg.blogspot.com/2018/10/very-busy-these-days-wall-streets-agents.html
Funny, I am sure mainstream neoclassical economists reject AXEC/E.K.H's silly work,...but...
...He is actually a perfect example of what they believe they are accomplishing from what I can see on his pages. It looks like his axioms etc actually DO carry out their absurd views to their logical conclusion; he is probably about 5 steps ahead of them on the (bs) formalization road. Just shows how silly their logical conclusion is of course; usefully makes clear how absurd their approach is, even when done in a alternative way. At any rate, You go get'em AXEC! Lol
If the total wage income of the household sector is 100 and the household sector spends all on consumption, i.e. 100, the macroeconomic profit of the business sector is zero.
If the total wage income of the household sector is 100 and the household sector spends all on consumption and the government sector makes deficit-spending/money-creation of 10 the profit of the business sector is 10.
5 comments:
#MMT
Bill Mitchell propagates permanent deficit-spending/money-creation because Public Deficit = Private Profit. So, even to mention rolling budget-balancing is anathema.
Very busy these days: Wall Street’s agents
https://axecorg.blogspot.com/2018/10/very-busy-these-days-wall-streets-agents.html
Egmont Kakarot-Handtke
Funny, I am sure mainstream neoclassical economists reject AXEC/E.K.H's silly work,...but...
...He is actually a perfect example of what they believe they are accomplishing from what I can see on his pages. It looks like his axioms etc actually DO carry out their absurd views to their logical conclusion; he is probably about 5 steps ahead of them on the (bs) formalization road. Just shows how silly their logical conclusion is of course; usefully makes clear how absurd their approach is, even when done in a alternative way. At any rate, You go get'em AXEC! Lol
Clint Ballinger
Bill Mitchell and Stephanie Kelton are attempting to hijack the genuine grassroots movements in the UK and US. Pretty obvious, isn’t it?
Political economics: Who hijacks British Labour?
https://axecorg.blogspot.com/2018/03/political-economics-who-hijacks-british.html
Mr. Corbyn and the perils of political economics
https://axecorg.blogspot.com/2017/12/mr-corbyn-and-perils-of-political.html
How Bill Mitchell stalks Jeremy Corbyn
https://axecorg.blogspot.com/2018/08/how-bill-mitchell-stalks-jeremy-corbyn.html
Egmont Kakarot-Handtke
Explain in plain English (no formulas, and not a link): "Profit Law clearly states: Public Deficit = Private Profit"
Clint Ballinger
If the total wage income of the household sector is 100 and the household sector spends all on consumption, i.e. 100, the macroeconomic profit of the business sector is zero.
If the total wage income of the household sector is 100 and the household sector spends all on consumption and the government sector makes deficit-spending/money-creation of 10 the profit of the business sector is 10.
Generalization: Public Deficit = Private Profit.
Egmont Kakarot-Handtke
Post a Comment