tag:blogger.com,1999:blog-2761684730989137546.post4474444605041931688..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: Simon Wren-Lewis — MMT and Labour’s fiscal rulemike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2761684730989137546.post-48471183091423014082018-10-23T11:19:53.387-04:002018-10-23T11:19:53.387-04:00Clint Ballinger
If the total wage income of the h...Clint Ballinger<br /><br />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.<br /><br />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.<br /><br />Generalization: Public Deficit = Private Profit.<br /><br />Egmont Kakarot-HandtkeAXEC / E.K-Hhttps://www.blogger.com/profile/10402274109039114416noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-35414938127450258102018-10-23T07:55:20.778-04:002018-10-23T07:55:20.778-04:00Explain in plain English (no formulas, and not a l...Explain in plain English (no formulas, and not a link): "Profit Law clearly states: Public Deficit = Private Profit" Clint Ballingerhttps://www.blogger.com/profile/16484643778860969972noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-5417485508215279302018-10-23T05:27:53.488-04:002018-10-23T05:27:53.488-04:00Clint Ballinger
Bill Mitchell and Stephanie Kelto...Clint Ballinger<br /><br />Bill Mitchell and Stephanie Kelton are attempting to hijack the genuine grassroots movements in the UK and US. Pretty obvious, isn’t it?<br /><br />Political economics: Who hijacks British Labour?<br />https://axecorg.blogspot.com/2018/03/political-economics-who-hijacks-british.html<br /><br />Mr. Corbyn and the perils of political economics<br />https://axecorg.blogspot.com/2017/12/mr-corbyn-and-perils-of-political.html<br /><br />How Bill Mitchell stalks Jeremy Corbyn<br />https://axecorg.blogspot.com/2018/08/how-bill-mitchell-stalks-jeremy-corbyn.html<br /><br />Egmont Kakarot-HandtkeAXEC / E.K-Hhttps://www.blogger.com/profile/10402274109039114416noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-9183817760660289752018-10-23T00:24:39.942-04:002018-10-23T00:24:39.942-04:00Funny, I am sure mainstream neoclassical economist...Funny, I am sure mainstream neoclassical economists reject AXEC/E.K.H's silly work,...but...<br /><br />...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 <br />Clint Ballingerhttps://www.blogger.com/profile/16484643778860969972noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-68939907326253584272018-10-22T15:10:54.171-04:002018-10-22T15:10:54.171-04:00#MMT
Bill Mitchell propagates permanent deficit-s...#MMT<br /><br />Bill Mitchell propagates permanent deficit-spending/money-creation because Public Deficit = Private Profit. So, even to mention rolling budget-balancing is anathema.<br /><br />Very busy these days: Wall Street’s agents<br />https://axecorg.blogspot.com/2018/10/very-busy-these-days-wall-streets-agents.html<br /><br />Egmont Kakarot-HandtkeAXEC / E.K-Hhttps://www.blogger.com/profile/10402274109039114416noreply@blogger.com