#learnrealeconomics search results

You can't refute it. So you post a fish. #LearnRealEconomics #LearnRealMonetarysystem,

#LearnRealEconomics “The 1,000 PhDs at the Fed have no clue as to what they are doing” (Fred Krueger) Wrong. The Fed is the profit pump for the #FreeMarketEconomy and the 1,000 PhDs are just doing their job. The U.S. economy runs on profit. Macroeconomic profit is given by…

#LearnRealEconomics #Distribution “Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.” (Milton Friedman) “The fact is that the pie is not fixed but growing and one party continuously gets…

#LearnRealEconomics “BIDENOMICS has made the rich very rich and done NOTHING for the little guy.” (Steve Hanke) The U.S. economy runs on #Profit. Macroeconomic profit Qm is given by the axiomatically correct #ProfitLaw / #BalancesEquation (I−Sm)+(G−T)+(X−M)−(Qm−Yd)≐0. The…

#LearnRealEconomics #Distribution Economics claims to be science but is NOT. The major approaches (Walrasianism, Keynesianism, Marxianism, Austrianism, and their derivatives) are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got #Profit…

#LearnRealEconomics #Distribution Economics claims to be science but is NOT. The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives) are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got…

#LearnRealEconomics #Distribution Economics claims to be science but is NOT. The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives) are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got…

#LearnRealEconomics #Inflation is the rate of change of the avg price. If it goes to zero your problems are NOT over because you are now at a higher #PriceLevel. The relationship is like acceleration and velocity in physics. And it is the high velocity that kills when you hit…

#LearnRealEconomics #Inflation “Inflation is always and everywhere a monetary phenomenon.” (Milton Friedman) Friedman has never understood profit and how the economic system works. His main achievement has been to spread silly love-the-marke-hate-the-state propaganda. The…

#LearnRealEconomics “I am not worried about the recent multitrillion-dollar surge in spending.” (Stephanie Kelton) MMT's foundational #BalancesEquation is provably false, so their whole #Macroeconomics is scientifically worthless. ⇒ The page where Stephanie Kelton gets…

#LearnRealEconomics #Inflation “Countries with greater stimulus spending didn't see higher inflation.” (IMF graph) “MMTers would say, I told you so.” (Yan Liang) MMT is macroeconomically defective, so their Inflation Theory is provably false. For details see ⇒ MMT:…

#LearnRealEconomics #PhillipsCurve The issue is NOT about the type of equation, the issue is about content. The axiomatically correct macrofounded Phillips Curve 3.0 implies (i) An increase in the avg wage rate W (in ρF≡W/PR) leads to a lower unemployment rate u. (ii) An…

#LearnRealEconomics “The Treasury Department posted its latest revenue and spending totals this week, and deficits continue to mount at impressive speed. | ” (Mises Institute) The U.S. economy runs on #Profit. Macroeconomic profit Qm is given by the axiomatically correct…

#LearnRealEconomics The U.S. #Economy runs on profit. Macroeconomic profit is given by the axiomatically correct #ProfitLaw / #BalancesEquation (I−Sm)+(G−T)+(X−M)−(Qm−Yd)≐0 (which consists of variables measurable with an accuracy of two decimal places). The Profit Law…

50 years of socialism. Neoliberalism is for limited govt and fiscal responsibility. The complete opposite of what we have today. #learnrealeconomics

#LearnRealEconomics #Profit “There is in the social system of the market society no other means of acquiring wealth and of preserving it than successful service to the consumers.” (Ludwig von Mises) “The common man, and the bulk of politicians relying on public opinion, are…

BTW, "Deficit Myth" is a Myth. #MMT starts spending nothing. You can't spend "nothing" Spending must first be funded. You have been bamboozled by a Copperfield economic magic trick. #learnrealeconomics

#LearnRealEconomics “In the wake of this week’s presidential election, it’s more important than ever to ask: How much power should the executive branch really have?.” (Cato Institute) The correct term for the U.S. polity is #Oligarchy. The U.S. economy runs on #Profit.…

#LearnRealEconomics #PriceMechanism “The ECONOMISTS: Kamala, don’t impose price controls! Then people will have to line up in front of stores if the prices can't clear the market. That won't make them happier.” (Hanno Lustig) The #FreeMarketSystem is in the last instance a…

50 years of socialism. Neoliberalism is for limited govt and fiscal responsibility. The complete opposite of what we have today. #learnrealeconomics

#LearnRealEconomics “BIDENOMICS has made the rich very rich and done NOTHING for the little guy.” (Steve Hanke) The U.S. economy runs on #Profit. Macroeconomic profit Qm is given by the axiomatically correct #ProfitLaw / #BalancesEquation (I−Sm)+(G−T)+(X−M)−(Qm−Yd)≐0. The…

BTW, "Deficit Myth" is a Myth. #MMT starts spending nothing. You can't spend "nothing" Spending must first be funded. You have been bamboozled by a Copperfield economic magic trick. #learnrealeconomics

#LearnRealEconomics “The most important thing to remember is that inflation is not an act of God, …” (Ayn Rand) From the macroeconomic #LawOfSupplyAndDemand ⇓ the intelligent layperson can immediately conclude that #Inflation rarely happens by accident but has to be…