tag:blogger.com,1999:blog-2761684730989137546.post5985869018729507848..comments2024-03-29T09:32:34.853-04:00Comments on Mike Norman Economics: "Era of Austerity coming to an end..."mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-46492275481130017302018-03-26T09:51:02.706-04:002018-03-26T09:51:02.706-04:00Note on “Era of Austerity coming to an end...”
Be...Note on “Era of Austerity coming to an end...”<br /><br />Because Public Deficit = Private Profit the one-percenters and their useful academic/journalistic spokespersons should consistently argue FOR deficit spending and the ninety-nine-percenters and their academic/journalistic spokespersons should consistently argue AGAINST it.<br /><br />Therefore, a self-styled progressive MMT spokesperson who claims that deficit spending benefits the ninety-nine-percenters is either an idiot or a fraudster.<br /><br />The headline “Schumer Celebrates Omnibus Bill: ‘Era Of Austerity’ Coming ‘To An End’” is true as far as macroeconomic profit is concerned. For details see:<br /><br />Austerity and the utter scientific ignorance of economists<br />http://axecorg.blogspot.de/2015/12/austerity-and-utter-scientific.html<br /><br />MMT: academic snake oil for the people<br />http://axecorg.blogspot.de/2018/02/mmt-academic-snake-oil-for-people.html<br /><br />Austerity and the idiocy of political economists<br />https://axecorg.blogspot.de/2017/03/austerity-and-idiocy-of-political.html<br /><br />Keynes, Lerner, MMT, Trump and exploding profit<br />http://axecorg.blogspot.de/2017/12/keynes-lerner-mmt-trump-and-exploding.html<br /><br />MMT and the promotion of Wall Street socialism<br />http://axecorg.blogspot.de/2017/11/mmt-and-promotion-of-wall-street.html<br /><br />Egmont Kakarot-HandtkeAXEC / E.K-Hhttps://www.blogger.com/profile/10402274109039114416noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-9705332737405059512018-03-26T09:45:36.739-04:002018-03-26T09:45:36.739-04:00There is never any austerity for the Senator from ...There is never any austerity for the Senator from Wall St.Noah Wayhttps://www.blogger.com/profile/12012500819097539976noreply@blogger.com