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Blog-References 27                                                                

Blog-References 26                                                                

MNE Bill Mitchell’s pure MMT teachings for British Labour. Comment on Bill Mitchell on ‘Invoking neoliberal framing and language is a failing progressive strategy (British Labour).

NEP Mr. Wray goes to Washington. Comment on New Economic Perspectives on ‘Wray Appearing Before Congress’. See * below.

MNE Mr. Wray goes to Washington. Comment on New Economic Perspectives on ‘Wray Appearing Before Congress’. Plus MMT claims scientific superiority.

RWER Economics, philosophy, and the crapification of science. Comment on Lars Syll on ‘Why philosophy and methodology matter for economics’. Plus Lars Syll constantly violates the first practical rule of philosophy, that is, Be Honest.

RWER Comment on Ken Zimmerman: Link to 'Economics is NOT a social science'. See * below.

MNE Comment on Matt Franko: 'Exploding the household fallacy'.

MRB Marx and Marxists ― too stupid for the elementary algebra of profit. Comment on Michael Roberts on ‘Marx’s double-edge law’. See * below.

MNE Marx and Marxists ― too stupid for the elementary algebra of profit. Comment on Michael Roberts on ‘Marx’s double-edge law’.

BB Econogenics: economists pose a hazard to their fellow citizens. Comment on Bill Mitchell on ‘The evidence from the sociologists against economic thinking is compelling’. See * below.

MNE Econogenics: economists pose a hazard to their fellow citizens. Comment on Bill Mitchell on ‘The evidence from the sociologists against economic thinking is compelling’.

MNE Swimming naked: economists and the Paradigm Shift. Comment and links on Lars Syll on ‘The essence of neoliberalism’.

RWER Swimming naked: economists and the Paradigm Shift. Comment and links on Lars Syll on ‘The essence of neoliberalism’. See * below.

MNE Links on Richard Murphy's 'The UK government is not like a household – and does not have a household type budget.'

EV Links on Joseph E. Stiglitz’s ‘The End of Neoliberalism and the Rebirth of History’

RWER Links on Neoliberalism. Comment on Lars Syll on ‘The essence of neoliberalism’. See * below.

PP Link to Exploding the household fallacy. Comment on Charles Adams on ‘The household fallacy’.

MNE Exploding the household fallacy. Comment on Charles Adams on ‘The household fallacy’.

MNE Macroeconomics and the fake History of Economic Thought. Comment on George Akerlof on ‘What They Were Thinking Then: The Consequences for Macroeconomics during the Past 60 Years’.

MNE Gosh! the One Percent have gotten $21 trillion richer: Links on Distribution. Comment on Eric Levitz on ‘The One Percent Have Gotten $21 Trillion Richer Since 1989. The Bottom 50% Have Gotten Poorer.’

MNE Links on Joseph E. Stiglitz’s ‘The End of Neoliberalism and the Rebirth of History’.

MNE Links on Neoliberalism. Comment on Luke Savage on ‘Neoliberalism? Never Heard of It’. See * below.

MNE Links on Christine Berry’s ‘Neoliberalism Tells Us We’re Selfish Souls — How Can We Promote Other Identities?’

ES Macroeconomics and the fake History of Economic Thought. Comment on George Akerlof on ‘What They Were Thinking Then: The Consequences for Macroeconomics during the Past 60 Years’ Plus The whole academic cohort got the elementary algebra of macro wrong. Plus I=S ⇒ false macro algebra ⇒ Keynes et al. Q=I−S ⇒ correct algebra. Plus Fake scientists always appeal to authority and majority. Plus I just bury macroeconomics from Keynes to  Barkley Rosser at the Flat-Earth-Cemetery.

OWN Macroeconomics and the fake History of Economic Thought. Comment on George Akerlof on ‘What They Were Thinking Then: The Consequences for Macroeconomics during the Past 60 Years’.

EV Links on the Phillips Curve. Comment on Brad DeLong on ‘Is the Phillips Curve Dead or Is It Just Hibernating?’.

BDL Links on the Phillips Curve. Comment on Brad DeLong on ‘Is the Phillips Curve Dead or Is It Just Hibernating?’.

RWER Links on Lars Syll’s ‘Where economics went wrong’. See * below.

ES Why economists always seem to lose the fight against inequality. Comment on Editor on ‘Rising global income inequality is not inevitable in the future’. See * below.

RWER Why economists always seem to lose the fight against inequality. Comment on Editor on ‘Rising global income inequality is not inevitable in the future’.

RWER Link on 'Rising global income inequality is not inevitable in the future'. Plus The macroeconomic Profit Law shows us how to effectively “change the long- and short-term trends for the US.”

TWI The sectoral balances obfuscation: stupidity or corruption? Comment on Andrea Terzi on ‘Euro area sectors’ balances’.

RWER Links on Paul Krugman, proto-scientific impresario. Comment on Lars Syll on ‘Paul Krugman ― finally ― admits he was wrong!’. See * below.

LPS Links on Paul Krugman, proto-scientific impresario. Comment on Lars Syll on ‘Paul Krugman ― finally ― admits he was wrong!’. See * below.

MNE Links on Paul Krugman, proto-scientific impresario. Comment on Lars Syll on ‘Paul Krugman ― finally ― admits he was wrong!’. See * below.

MNE Criminals and the monetary order. Comment on Paul Koning on ‘If Nick’s tech-fueled counterfeiting story doesn’t explain why bank IOUs beat out coins, what does?’

RWER Scrap the EconNobel. Comment on Peter Dorman on ‘A Nobel for the Randomistas’. Plus The fraud of economists consists of telling the public that they are doing science while, in fact, they are doing agenda-pushing. See * below. Plus It is high time to sue the Bank of Sweden for damages and waste of the Swedish peoples’ money. Plus Economists spend TOO MUCH time with PsySoc.

MNE Scrap the EconNobel. Comment on Peter Dorman on ‘A Nobel for the Randomistas’.

ES Scrap the EconNobel. Comment on Peter Dorman on ‘A Nobel for the Randomistas’. Plus The EconNobel had NO scientific significance 50 years ago and has none this year. Plus The fraud of economists consists of telling the public that they are doing science while, in fact, they are doing agenda-pushing.

MNE Scrap the EconNobel. Comment on Alex Tabarrok on ‘The Nobel Prize in Economic Science Goes to Banerjee, Duflo, and Kremer’.

RWER MMT is refuted on all counts. For proof/details see cross-references MMT.

RWER Tribalism is NOT the problem of economics. Comment on Blair Fix on ‘Tribalism in Science (and Economics)’. Plus Economics has to move from false Walrasian microfoundations and false Keynesian macrofoundations and false heterodox Pluralism to true macrofoundations. Plus

Economics has NEVER been a science but a smokescreen for political agenda pushing. See * below.

RWER The state of MMT? Stone-dead! Comment on Brian Romanchuk/Tom Hickey on ‘The State Of MMT?’. See * below.

NEP The state of MMT? Stone-dead! Comment on Brian Romanchuk/Tom Hickey on ‘The State Of MMT?’. See * below.

BE The state of MMT? Stone-dead! Comment on Brian Romanchuk/Tom Hickey on ‘The State Of MMT?’. Plus

 Scientifically MMT is crap and politically it is a fraud.

MNE The state of MMT? Stone-dead! Comment on Brian Romanchuk/Tom Hickey on ‘The State Of MMT? Plus Scientifically MMT is crap and politically it is a fraud.

UE Keynes ― the poster boy for the weakness of the economist’s mind. Comment on David Glasner on ‘Jack Schwartz on the Weaknesses of the Mathematical Mind’.

MNE Homo oeconomicus: the never-ending folk-psychological shitshow. Comment on Jonathan Rowe on ‘Why Economics Is Really Psychology on Steroids’.

ES Economics, math, pluralism, and corruption. Comment on Barkley Rosser on ‘Computable economics’.

EV Economics, math, pluralism, and corruption. Comment on Barkley Rosser on ‘Computable economics’. Plus Since Sonnenschein/Mantel/Debreu it is generally known that General Equilibrium Theory = mainstream economics is a failed approach. Plus

Von Neumann’s lethal blunder was to adopt the concept of utility/preferences from Neoclassics. Plus

Economists (left-center-right does NOT matter) are either stupid or corrupt or both and a hazard to their fellow citizens. Plus To replace the idea of scientific/mathematical truth with Pluralism is nothing else than the ultimate political corruption of science.

ES MMT/GND: Another case of bad people capturing a good cause. Comment on Nathan Tankus/Andrés Bernal/Raúl Carrillo on ‘The Green New Deal will be tremendously expensive. Every penny should go on the government’s tab.’

EV 'Link to 'What’s wrong with DSGE models is the axiom set.'

EV Link to 'The real trouble with Capitalism: stupid/corrupt economists.'

MNE MMT/GND: Another case of bad people capturing a good cause. Comment on Nathan Tankus/Andrés Bernal/Raúl Carrillo on ‘The Green New Deal will be tremendously expensive. Every penny should go on the government’s tab.’. Plus

MMT/GND deficit-spending/money-creation as environmental policy is fully in line with the ethics of Pentagon and Wall Street.

UE Link to The Levy/Kalecki Profit Equation is false.

UE What’s wrong with DSGE models is the axiom set.

Comment on David Glasner on ‘What’s Wrong with DSGE Models Is Not Representative Agency’.

NAC Links on "Capitalism. Time for a reset." Comment on the new FT campaign. See * below.

MNE Links on “Capitalism. Time for a reset.”

Comment on the new FT campaign. Plus The USA needs no planning because MMTers keeps Capitalism going with deficit-spending/money-creation.

SaM Link to 'The real trouble with Capitalism: stupid/corrupt economists. Comment on Chris Dillow on ‘The trouble with capitalism’.

MNE The real trouble with capitalism: stupid/corrupt economists. Comment on Chris Dillow/Tom Hickey on ‘The trouble with capitalism’.

MNE The dirty secret of Capitalism: Capitalist have NO idea how the economy works. Comment on Nick Hanauer on ‘The dirty secret of capitalism ― and a new way forward’.

MNE Swabian housewife vs Wall Street loan shark.

Comment on Bill Mitchell/Tom Hickey on ‘Germany to play smokes and mirrors again’. Plus MMTers do not even get the basics of economics right.

Blog-References 25                                                                

MNE Is MMT Alt-Right? No, worse, it is fake science.

Comment on Bill Mitchell/Tom Hickey on ‘On visiting Japan and engaging with conservative politicians’. Plus Because they claim to do science, MMTers have to be judged according to well-defined scientific criteria. Plus  Economists fail already at the elementary level of putting 2 and 2 together.

MNE Links on Nat Dyer's 'How Fifty Years Of The ‘Nobel Prize’ In Economics Redrew Our Map Of Society.' See * below.

MNE Links on Karl Marx. Comment on Adam Booth on ‘Marxism vs Modern Monetary Theory.’ 

MNE Links on Karl Marx. Comment on Prabhat Patnaik/Tom Hickey on ‘Some comments about Marx’s epistemology’.

ES Is doing economics really depressing? Comment on Barkley Rosser on ‘Is Doing Environmental Economics Especially Depressing?’

EV The end of Mankiw and his Phillips Curve.

Comment on David Glasner on ‘Mankiw’s Phillips-Curve Agonistes’.

MNE The end of Mankiw and his Phillips Curve.

Comment on David Glasner on ‘Mankiw’s Phillips-Curve Agonistes’. Plus Both Keynes and Hawtrey have to be buried for good at the Flat-Earth-Cemetery.

UE The end of Mankiw and his Phillips Curve.

Comment on David Glasner on ‘Mankiw’s Phillips-Curve Agonistes’. Plus Both Keynes and Hawtrey have to be buried for good at the Flat-Earth-Cemetery.

MNE No False-Hero-Memorials. Comment on Barkley Rosser on ‘Martin Weitzman RIP’.

ES No False-Hero-Memorials. Comment on Barkley Rosser on ‘Martin Weitzman RIP’. Plus Actually, global warming is used by academic economists under the label of Green New Deal to deceive WeThePeople. Plus Fact is that the so-called free market economy is on the life support of the State and Wall Street is on the life support of the Central Bank. Plus There is a very serious problem in economics of scientific failure/fake/fraud.

MIN Links on the Economics Nobel.

BB Bill Mitchell’s dishonorable discharge from the sciences. Comment on Bill Mitchell on ‘Spending equals income whether it comes from government or non-government’. See * below.

MNE Bill Mitchell’s dishonorable discharge from the sciences. Comment on Bill Mitchell on ‘Spending equals income whether it comes from government or non-government’.

MNE Links on Diane Coyle’s ‘Once upon a time’

MNE On the deliberate creation of institutional shitholes. Comment on Brian Romanchuk/Matt Franko on ‘So Are We All MMTists Now?’.

ES Deficit cheerleaders ― the Oligarchy’s useful idiots. Comment on Peter Dorman on ‘Cheerleading for Austerity’. Plus It is very easy to test the competence/honesty of economists/politicians. Plus 

Economists are NOT tolerated in the scientific community because of proven incompetence over the last 200+ years. Plus In economics, the publication in a journal is NOT a quality characteristic but a reliable indicator that both the author and reviewer are either stupid or corrupt or both. See * below.

MNE MMT undermines democracy.

MNE Economics: No method to the madness.  Comment on Lars Syll/Tom Hickey on ‘Econometrics and the problem of unjustified assumptions’.

MNE Links on Marshall's scientific incompetence.

MM Economics ― not science, not ideology, just useful idiocy. Comment on Simon Wren-Lewis on ‘How should academic economics cope with ideological bias’.

OWN MMT: The new Center of the Universe of political fraud. Comment on Warren Mosler on ‘Full Employment AND Price Stability’.

ES Links on Economists are clowns and useful idiots in the political Circus Maximus. See * below.

MNE Links on Brian Romanchuk’s ‘Is There Really A Trade-Off Between Inflation And Unemployment?’

MNE Link to MMT: Redistribution as wellness program.

MNE Stephanie Kelton: MMT’s public farce. Comment on Tom Hickey on ‘MMT in the news’

MNE MMT: Wondering where the catastrophe is. Answering Michael Norman’s tweet.

MNE The apocalypse of stupidity. Comment on Richard Westra/Tom Hickey on ‘Apocalypse economics and economic apocalypse’.

MNE Link to Poor Wicksell — abused as a testimonial for MMT.

BB How MMT disgraces itself. Comment on Bill Mitchell/Tom Hickey on ‘When the Left disgraces itself’. See * below.

MNE How MMT disgraces itself. Comment on Bill Mitchell/Tom Hickey on ‘When the Left disgraces itself’. Plus The true theory is the precondition for understanding history.

RWER After 200+ years even economics becomes a science ― or does it? Comment on Ikonoclast on  ‘Bringing science into economics must necessarily entail measurements in the scientific units’. Plus

The First Economic Law consists of unit-free ratios and satisfies Buckingham’s π theorem. See * below.

MNE After 200+ years even economics becomes a science ― or does it? Comment on Ikonoclast on  ‘Bringing science into economics must necessarily entail measurements in the scientific units’. Plus

The First Economic Law consists of unit-free ratios and satisfies Buckingham’s π theorem.

MNE Right policy depends on true theory. Comment on Barkley Rosser on ‘Origin of the 2 Percent Inflation Target’.

ES Right policy depends on true theory. Comment on Barkley Rosser on ‘Origin of the 2 Percent Inflation Target’. Plus Note that Samuelson’s ‘Phillips’ Curve is a fake. Plus There is NO trade-off between inflation and unemployment, just the opposite.

LPS MMT undermines democracy. Comment on Lars Syll on ‘Everything you want to know about MMT’.

MNE MMT undermines democracy. Comment on Lars Syll on ‘Everything you want to know about MMT’.

MRB Circus Maximus: Economics as entertainment, personality gossip, virtue signaling, and lifestyle promotion. Comment on Michael Roberts on ‘The world’s scariest economist?’. See * below.

MNE Circus Maximus: Economics as entertainment, personality gossip, virtue signaling, and lifestyle promotion. Comment on Michael Roberts on ‘The world’s scariest economist?’.

MNE Trump and MMT: Make profits great again. 

Comment on Matt Franko on ‘Must be a libertarian bad dream …’.

JWM The decisive reason to worry about government debt. Comment J. W. Mason on ‘A Baker’s Dozen of Reasons Not to Worry about Government Debt’. Plus

Distribution is the problem of MMT policy and nothing else.  See * below.

MNE The decisive reason to worry about government debt. Comment J. W. Mason on ‘A Baker’s Dozen of Reasons Not to Worry about Government Debt’.

MNE Incompetence — the original sin in economics.

Comment Lars Syll on ‘Deductivism — the original sin in economics’. Plus The stupidity of Heterodoxy is the life insurance of Orthodoxy.

BB MMT, voodoo, and dead-horse-beating. Comment on Bill Mitchell on ‘Voodoo economic revisionism abounds ― and it is not MMT doing the voodoo’. See * below.

MNE MMT, voodoo, and dead-horse-beating.

Comment on Bill Mitchell on ‘Voodoo economic revisionism abounds ― and it is not MMT doing the voodoo’. Plus 'Evil fiat funny money' is not the basic problem of the monetary economy.

BB Bill Mitchell ― Wall Street’s hitman keeps an eye on MMT defeatists. Comment on Bill Mitchell on ‘There are no financial risks involved in increased British government spending’. See * below.

MNE Bill Mitchell ― Wall Street’s hitman keeps an eye on MMT defeatists. Comment on Bill Mitchell on ‘There are no financial risks involved in increased British government spending’.

NAK The worthlessness of value theory. Comment on Matias Vernengo on ‘Why do we need a theory of value?’.

MNE The worthlessness of value theory. Comment on Matias Vernengo on ‘Why do we need a theory of value?’. Plus One cannot do Price Theory and Value Theory without taking the macroeconomic balances equation into account. Plus The interdependence of markets is a reality.

ES If you can’t make it, fake it. Comment on Barkley Rosser’s ‘A Half Century Since Apollo 11 Launched To The Moon’.

MNE Prophet Stephanie divines the seizure of the means of production of currency. Comment on Yuko Takeo/Masahiro Hidaka on ‘MMT’s Kelton Sees Central Banks Quietly Yielding to Governments’.

MNE How Stephanie Kelton brain-washes a lovely young English girl. Comment on Planet Money on ‘Episode 866: Modern Monetary Theory’.

MNE The right and the wrong way to bring money into the economy. Comment on Dirk Ehnts/Skender Fani on ‘Modern Monetary Theory’s promise’.

MNE A less than 320 words explanation of why MMT is a fraud. Comment on Warren Mosler/Eric Peters on ‘An MMTer Explains MMT In 320 Words’.

MRB Profit analysis ― another exercise in economic deception. Comment on Michael Roberts on ‘A profits recession?’ Plus This is not funny but proves than economists are too stupid for science. Plus Marx is a side issue, he is only one of many who did not know what profit is. Plus Marx proved nothing except that he was an incompetent scientist who NEVER understood what profit is and how the economy works. Plus Marx’s scheme of simple/expanded reproduction is no less absurd. Plus The macroeconomic Profit Law holds for capitalism and communism and everything in-between. Plus Link to Capitalism, poverty, exploitation, and cross-over exploitation.

MNE Profit analysis ― another exercise in economic deception. Comment on Michael Roberts on ‘A profits recession?’ Plus The macroeconomic Profit Law holds for capitalism and communism and everything in-between.

LPS Lars Syll ― a particularly stupid/corrupt fake scientist. Comment on Lars Syll/Imad Moosa on ‘Econometrics ― a con art with no relevance whatsoever to real world economics’. See * below.

RWER The surefire way to abolish billionaires. Comment on Ken Zimmerman on ‘Robert Reich suggests 5 ways to abolish billionaires’.

MNE Asad Zaman marches with the Zeitgeist down a blind alley. Comment on Asad Zaman/Tom Hickey on ‘My Journey from Theory to Reality’.

BB MMTers are false Progressives and false Friends-of-the-People. Comment on Bill Mitchell on ‘”Sound finance” prevents available climate solution with massive jobs potential’. See * below.

MNE MMTers are false Progressives and false Friends-of-the-People. Comment on Bill Mitchell on ‘”Sound finance” prevents available climate solution with massive jobs potential’.

LPS The only thing we can learn from economic models is what proto-scientific garbage looks like. Comment on Lars Syll on ‘What can we learn from economic models?’.  See * below.

MNE How to spot economics trolls. Comment on Craig Murray on ‘How To Spot A Twitter Troll’.

MNE Link to Zamanomics.

MNE Is MMT good for WeThePeople or for the Oligarchy? Comment on Bill Mitchell on ‘Why the financial markets are seeking an MMT understanding ― Part 2’.

LPS How incompetent are economic methodologists? Very! Comment on Nancy Cartwright/Lars Syll on ‘The logic of economic models’. See * below.

MNE How incompetent are economic methodologists? Very! Comment on Nancy Cartwright/Lars Syll on ‘The logic of economic models’.

MNE MMT and the woes of useful political idiots.

Comment on Bill Mitchell on ‘Why the financial markets are seeking an MMT understanding’.

BB MMT and the woes of useful political idiots.

Comment on Bill Mitchell on ‘Why the financial markets are seeking an MMT understanding’. 

See * below.

EV Link to 'Opportunity cost ― another case of poor economic logic.'

CT  Link to 'Opportunity cost ― another case of poor economic logic.'

MNE Opportunity cost ― another case of poor economic logic. Comment on John Quiggin on ‘Opportunity cost, MMT and public spending’.

BB Totally schizo ― MMT and policy. Comment on Bill Mitchell on ‘The European Union once again reveals why it should be dissolved’. See * below.

MNE Totally schizo ― MMT and policy. Comment on Bill Mitchell on ‘The European Union once again reveals why it should be dissolved’.

EV Link to 'The Palgrave Dictionary ― a comprehensive collection of False-Hero-Memorials.'

RWER Zamanomics. Comment on Asad Zaman on ‘MMT macro final exam’. See * below.

ES The Palgrave Dictionary ― a comprehensive collection of False-Hero-Memorials. Plus Economics is a failed science and the Bank of Sweden fake Nobel is the most fraudulent of all False-Hero-Memorials. Plus What I actually say is that ECONOMISTS are too stupid for the elementary mathematics that underlies macroeconomics. This is a provable fact. Plus

Economics is an intertemporal zero-sum game and the n+1th player is the future. This is the reason why capitalism will eventually break down.

EV Profit and Distribution Theory is false for 200+ years.

BDL Links on 'Thomas Piketty and Emmanuel Saez (2002-2018): Income Inequality in the United States'.

MNE Link to 'Econ 101: Economists flunk the intelligence test at the first hurdle.'

IHE Econ 101: Economists flunk the intelligence test at the first hurdle. Links on John Warner’s ‘Indoctrinated by Econ 101’.

MNE Econ 101: Economists flunk the intelligence test at the first hurdle. Links on John Warner’s ‘Indoctrinated by Econ 101’. See * below.

MNE Economics as target group marketing. Comment on Matt Franko on ‘AOC Gardening’.

MNE Links on Peter Cooper’s ‘Labor Complexity in Relation to Aggregate Marxian Value’.

BB MMT: The communicative war on budget-balancers. Comment on Bill Mitchell on ‘A leopard never changes its spots ― Jens Weidmann, ECB President aspirant’.  See * below.

MNE MMT: The communicative war on budget-balancers. Comment on Bill Mitchell on ‘A leopard never changes its spots ― Jens Weidmann, ECB President aspirant’.

MNE Macro ignorance: Why Simon Wren-Lewis does not come to grips with the plain MMT-fraud. Links on Simon Wren-Lewis on ‘Bill Mitchell’s fantasy about Labour’s fiscal rule’.

BB MMT has an offer that Labour cannot refuse.

Comment on Bill Mitchell/Thomas Fazi on ‘Seize the Means of Production of Currency ― Part 3’.

MNE MMT has an offer that Labour cannot refuse. Comment on Bill Mitchell/Thomas Fazi on ‘Seize the Means of Production of Currency ― Part 3’.

MM Macro ignorance: Why Simon Wren-Lewis does not come to grips with the plain MMT-fraud. Links on Simon Wren-Lewis on ‘Bill Mitchell’s fantasy about Labour’s fiscal rule’ See * below.

MM Economic policy and the skirmishes of failed/fake scientists. Comment on Simon Wren-Lewis on ‘Bill Mitchell’s fantasy about Labour’s fiscal rule’. See * below.

MNE The economist as storyteller. Comment on Caitlin Johnstone on ‘Propaganda Is The Root Of All Our Problems’.

ES Are economics professors really that incompetent? Yes! Comment on Lars Syll on ‘Wren-Lewis vs MMT’.

LPS Are economics professors really that incompetent? Yes! Comment on Lars Syll on ‘Wren-Lewis vs MMT’.  See * below.

MNE Are economics professors really that incompetent? Yes! Comment on Lars Syll on ‘Wren-Lewis vs MMT’.

BB MMT’s true program. Comment on Bill Mitchell/ Thomas Fazi on ‘Seize the Means of Production of Currency ― Part 2’.

MNE MMT’s true program. Comment on Bill Mitchell/ Thomas Fazi on ‘Seize the Means of Production of Currency ― Part 2’.

TBA G. L. S. Shackle: Not such a #GreatThinker.

Comment on The British Academy on ‘Great Thinkers: John Kay FBA on G. L. S. Shackle FBA’. See * below.

BB MMT: A new myth for WeThePeople. Comment on Bill Mitchell on ‘Seize the Means of Production of Currency’. See * below.

MNE MMT: A new myth for WeThePeople. Comment on Bill Mitchell on ‘Seize the Means of Production of Currency’.

ES Economics textbooks ― tombstones at the Flat-Earth-Cemetery. Links on Peter Dorman on ‘CORE and Periphery in the Reform of Econ 101’. Plus The CORE textbook is scientifically worthless.

ES  Economics textbooks ― tombstones at the Flat-Earth-Cemetery. Links on Peter Dorman on ‘CORE and Periphery in the Reform of Econ 101’.

MNE MMT: A Trojan Horse for Labour courtesy of the Oligarchy. Links on Dan McCurry ‘Why Labour shouldn’t rule out Modern Monetary Theory’. See * below.

LPS Thomas Sargent, fake scientist. Comment on Lars Syll on ‘An interview with Tom Sargent’.

See * below.

MNE Against the mainstream! Against MMT! 

Comment on Bill Mitchell on ‘How social democratic parties erect the plank and then walk it. See * below.

MNE For MMT = For the Oligarchy. Comment on Thomas Fazi/Bill Mitchell on ‘For MMT’.

BB Against the mainstream! Against MMT!. Comment on Bill Mitchell on ‘How social democratic parties erect the plank and then walk it’. See * below.

MNE Links on Michael Roberts’ ‘Keynes: socialist, liberal or conservative?’ Plus Keynes was a political agenda pusher, NOT a scientist. Plus Keynes had NO idea of profit. Plus Right question “Keynes: scientist or useful political idiot?”

NEP Link to Controlled demolition of MMT ― an exercise in elementary logic. See * below.

MNE Controlled demolition of MMT ― an exercise in elementary logic. Comment on Randall Wray on ‘JAPAN DOES MMT?’.

MNE Lost post. Link.

MNE Links on MMT-Progressives push Wall Street’s agenda. Comment on James Meadway/TRIBUNE on ‘Against MMT’.  See * below.

MNE Quick MMT 101 refutation. Comment on Scott Fullwiler on ‘Quick(?) MMT 101 lesson’.

LPS Links on History and Economics. Comment on Lars Syll on ‘History matters!’.  See * below.

MNE Dialectic: the swampies’ methodology of choice 

Comment on Matt Franko on ‘Dialectic Method’.

BB The missing elephant of full employment policy.

Comment on Bill Mitchell on ‘Talking of elephants ― plain old, garden variety fiscal policy’. See * below.

MNE The missing elephant of full employment policy.

Comment on Bill Mitchell on ‘Talking of elephants ― plain old, garden variety fiscal policy’.

EV MMT: doom or survival? Comment on Stephanie Kelton on ‘Modern Monetary Theory Is Not a Recipe for Doom’.

MNE MMT: doom or survival? Comment on Stephanie Kelton on ‘Modern Monetary Theory Is Not a Recipe for Doom’.

BLO MMT: doom or survival? Comment on Stephanie Kelton on ‘Modern Monetary Theory Is Not a Recipe for Doom’.

MNE Comment on L. Randall Wray’s ‘How to Pay for the Green New Deal’.

NEP Comment on L. Randall Wray’s ‘How to Pay for the Green New Deal’.

BDL Finally, the embarrassment of economics is over.

Comment on Robert Heilbroner/Brad DeLong on ‘The Embarrassment of Economics’.

MNE Finally, the embarrassment of economics is over. Comment on Robert Heilbroner/Brad DeLong on ‘The Embarrassment of Economics’.

OWN No MMT illusions! YOU are going to pay for it.

LPS Links on Austerity. Comment on Robert Skidelsky/Lars Syll on ‘Alesina’s ‘expansionary austerity’ — a tale of scientific delusion’. See * below.

MNE Links on McKinsey’s ‘A new look at the declining labor share of income in the United States’. See * below.

MNE Links on McKinsey’s ‘A new look at the declining labor share of income in the United States’. See * below.

LPS You know you are in the political Circus Maximus when economists talk about Democracy or Liberty.

Comment on Warren Mosler on ‘Entweder wir glauben an die Demokratie oder nicht; Either we believe in Democracy or not’. See * below.

MNE You know you are in the political Circus Maximus when economists talk about Democracy or Liberty. Comment on Warren Mosler on ‘Entweder wir glauben an die Demokratie oder nicht; Either we believe in Democracy or not’.

TRU MMT and the Green New Deal: Where is the snag? (II). Comment on Richard Murphy on ‘Growth, MMT and the Green New Deal’.

MNE MMT and the Green New Deal: Where is the snag? (II). Comment on Richard Murphy on ‘Growth, MMT and the Green New Deal’.

MNE Just one more day: How MMT delays the breakdown of Capitalism. Comment on Bill Mitchell on ‘Japan Finance Minister getting paranoid about MMT’.

BB Just one more day: How MMT delays the breakdown of Capitalism. Comment on Bill Mitchell on ‘Japan Finance Minister getting paranoid about MMT’. See * below.

MNE MMT and the Green New Deal: Where is the snag?. Comment on Randall Wray on ‘How To Pay For The War’.

NEP Link to 'How to pay for the war and to be bamboozled by economists.' See * below.

MNE How to pay for the war and to be bamboozled by economists. Comment on Randall Wray on ‘How To Pay For The War’.

HET MMT, money, value, and transcendental Capitalism. Comment on Peter Cooper on ‘Currency Acceptance, Currency Value, and Transcending Capitalism’.

MNE MMT, money, value, and transcendental Capitalism. Comment on Peter Cooper on ‘Currency Acceptance, Currency Value, and Transcending Capitalism’.

ES Economists’ silly kindergarten games. Comment on Barkley Rosser on ‘Robert J. Samuelson Denounces Economists’. Plus Another silly kindergarten game economists play is the peer-recommendation/mutual-hype/self-congratulation game. Plus The finer points of logic, though, are a moot point among the confused confusers of economics. Plus Political economists are agenda pushers, theoretical economists are scientists. Plus

For 200+ years now, economists do not know what profit is. Because of this foundational blunder, economics is scientifically worthless.

BB Economics debate ― just another variant of hardcore wrestling. Comment on Bill Mitchell on ‘Inflation hysteria as central bankers discuss yield curve control’. See * below.

MNE Economics debate ― just another variant of hardcore wrestling. Comment on Bill Mitchell on ‘Inflation hysteria as central bankers discuss yield curve control’.

MNE Links on Asad Zaman’s ‘Defining Islamic Economics’.

EV Economics a science? Surely you are joking, Mr. Cochrane. Comment on John Cochrane on ‘Smith, MMT, and science in economics’. See * below.

MNE Links on Dirk Ehnts’ ‘Schumpeter on Knapp’.

TGE Economics a science? Surely you are joking, Mr. Cochrane. Comment on John Cochrane on ‘Smith, MMT, and science in economics’.

BB Settling the MMT―Inflation issue for good.

Comment on Bill Mitchell on ‘US Congress hypocrites lose the plot’. See * below.

MNE Settling the MMT―Inflation issue for good.

Comment on Bill Mitchell on ‘US Congress hypocrites lose the plot’.

AM Links on Andy Merrifield’s ‘Marx at his limits’. See * below.

MNE Links on Andy Merrifield’s ‘Marx at his limits’. See * below.

MNE Links on Dirk Ehnts’ ‘Keynes on the quantity theory and techniques of recovery’.

MNE Economics ― nothing but claptrap, twaddle, drivel, slip-slop, wish-wash, waffle, and proto-scientific garbage. Comment on Peter Cooper on ‘Currency Value in Terms of Socially Necessary Labor’. Plus The value of money does not depend on “Socially Necessary Labor”.

ES Economics: The greatest scientific hoax in modern times. Comment on Ikonoclast on ‘Mathematics and the constructions and emergent outcomes of socioeconomic phenomena’. Plus Barkley Rosser either has not realized the dismal state of economics or he is part of the false-hero-memorial scam. Plus

“I am sorry, but I am not gong to bother 'intepreting' Egmont. He does seem to have lost it calling you an 'asshole.'” Plus Economics is a fake science beginning with economic textbooks#2 and ending with the faux Nobel. Plus Which of the two macroeconomic sectoral balances equation is true? Plus Science is binary true/false with NOTHING in between. Plus Economics is proto-scientific garbage to this day because economists are too stupid for the elementary mathematics that underlies macroeconomics.

To be continued at Onblog_6

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