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Obama channeling Cheney?

April 17, 2014
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More at The Real News I’m Jessica Desvarieux in Baltimore. And welcome to this edition of The Hudson Report. Now joining us is Michael Hudson. He is a distinguished research professor of economics at the University of Missouri-Kansas City. His two newest books are The Bubble and Beyond and Finance Capitalism and Its Discontents....

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Anti-Russian sentiment a resource play diversion

April 10, 2014
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Welcome to The Real News Network. I’m Jessica Desvarieux in Baltimore. Hundreds of pro-Russian protesters have seized public buildings in Eastern Ukrainian cities. They’re demanding referendums to secede from Ukraine in order to become a part of Russia. Ukrainian officials have blamed Putin for...

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R is for Rentier

April 5, 2014
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The latest instalment to the Insider’s Economic Dictionary. Race to the bottom: A term for dog-eat-dog competition by which countries compete by cutting wage levels so as to produce in the cheapest market, not by raising wages and labor productivity. The effect is to...

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P is for Ponzi

April 3, 2014
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Part P in The Insiders Economic Dictionary. Panic: The abrupt culminating stage of the business cycle, in which inflated asset prices collapse in price as financial securities and properties are sold to pay off debts. Parallel Universe: The objective of modern economic methodology. A...

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Ukraine’s Boomerang Aid

March 29, 2014
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with Thom Hartmann from RT’s The Big Picture.

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Crimea: Geo-Political Gas

March 22, 2014
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More at The Real News Who In Ukraine Will Benefit From An IMF Bailout? Economists Michael Hudson and Jeffrey Sommers discuss how provisions in an IMF deal like cuts to gas subsidies and pensions will hurt the average Ukrainian citizens and benefit kleptocrats –...

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Russia, Crimea and the Consequences of NATO Policy

March 17, 2014
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Ukrainian Hangovers AS first published on Counterpunch by JEFFREY SOMMERS and MICHAEL HUDSON Russia’s incursion (invasion if you prefer) into Crimea, with prospects for movement into Eastern Ukraine, is the culmination of US/NATO policy since 1991. The unraveling of the USSR and its Soviet...

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Ukraine, Austerity….Again?

March 17, 2014
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An interview with WBEZ on the one-sided view of economic reform. WBEZ writes: Both the U.S. and the E.U. have pledged aid packages to help Ukraine’s new government stabilize the country’s economy. The IMF also has a team on the ground in Ukraine, currently...

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Ukraine: “Go West, Young Man”

March 1, 2014
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By Jeffrey Sommers & Michael Hudson As first published on Truth Out “Let them loot.” That is the demand of the West when its NGO subsidiaries firebomb government buildings, murder policemen and loot the arms depots of military forts. Kiev is the equivalent of...

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Russia’s Economic Development to Offset Terrorist Fervor?

February 25, 2014
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By Jeffery Sommers & Michael Hudson The Sochi Olympics were the great success Russia hoped for. The opening ceremonies proved a radiant display drawing on Russia’s most compelling cultural assets. This artful look back to Russia’s past greatness proved both a reminder and challenge...

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Monopoly’s Poster Children

February 16, 2014
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This is the first episode of our new “Alternative Voices” interview series, where we talk to people who give us a different perspective on all manner of topics. Our first guest is Professor Michael Hudson, a research professor of economics at the University of...

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N is for Neo-Serfdom, O for Offshore Banking

January 23, 2014
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Part N, O in The Insiders Economic Dictionary. Neoclassical economics: The school that arose in the last quarter of the 19th century, stripping away the classical concept of economic rent as unearned income. By the late 20th century the term “neoclassical” had come to...

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M for Marginalism

January 22, 2014
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Part M in The Insiders Economic Dictionary. Malthus, Thomas Robert (1766-1834): British economist and spokesman for its landlord class. His Principles of Political Economy (1820) countered Ricardo’s critique of groundrent by pointing out that landlords spent part of it on hiring coachmen and other...

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L is for Land

January 19, 2014
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Part L in The Insiders Economic Dictionary Labor: The labor theory of value resolves the value of products and capital goods into labor costs, while Say’s Law focuses on how employees spend their wages. Hence, labor often is euphemized as “consumers” rather than focusing...

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95% Income Growth Goes to the 1%

January 16, 2014
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Interviewed by Lira of Boom Bust, starting at 5 minutes. Pt2 coming soon.

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Trade Advantage Replaced by Rent Extraction

December 17, 2013
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I was interviewed on the Renegade Economists radio/ podcast entitled Crony Competition on the road to Unearned Income: Prof Michael Hudson gives a wrap on the economics of 2013 as we discuss Detroit, Iceland, Madoff, Marx and Blackstone Capital. Listen here Karl Fitzgerald: Our...

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Surviving Oligarchy

November 29, 2013
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A clip from Surviving Progress as so kindly linked to by Max Keiser and team. Please read my latest book for detail on the structures enhancing oligarchy.

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J is for Jubilee, K for Kleptocrats

November 26, 2013
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Part J in The Insiders Economic Dictionary Jubilee Year: In Judaic Law (Leviticus 25) a Clean Slate to be proclaimed every 50 years annulling personal and agrarian debts, liberating bond-servants to rejoin their families, and returning lands that had been alienated under economic duress....

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I is for Ideology

November 24, 2013
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Ideology: A set of assumptions so appealing that one looks at their abstract logic rather than at how the world actually works. (See Insanity.) Ignorance: Socrates said that ignorance was the source of evil, because nobody knowingly commits evil. But by pursuing their own...

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H is for Half-Life

November 22, 2013
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Part H in The Insiders Economic Dictionary Half-life: In physics, the time it takes for half the mass of a radioactive element to decay into the next-lower isotope or element, typically ending in a stable and inert element such as lead. By extension, the...

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