Monthly Archives: February 2009

Six Minutes with the Renegade Economist

February 27, 2009
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Fred Harrison (Renegade Economist) interviews Michael Hudson You can also download a copy of this interview here.

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The Oracle with Max Keiser

February 27, 2009
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Dr Hudson interviewed on BBC World TV ‘s The Oracle with Max Keiser. Part one Part two Part three A copy of the complete interview can be downloaded here.

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Finance Capitalism Hits a Wall: The Oligarchs’ Escape Plan – at the Treasury’s Expense

February 17, 2009
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Global Research The financial “wealth creation” game is over. Economies emerged from World War II relatively free of debt, but the 60-year global run-up has run its course. Finance capitalism is in a state of collapse, and a new wave of credit cannot revive it. A quarter to a third of U.S. real estate...

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Robert Kuttner and Michael Hudson on the Obama Administration’s $789 Billion Economic Stimulus Package and $2.5 Trillion Bank Recovery Plans

February 13, 2009
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Interview for DemocracyNow. Audio copy of interview. Transcript Both the House and Senate are set to vote today on the $789 billion economic stimulus package. The vote follows weeks of political wrangling that culminated in compromise legislation struck on Wednesday. The final size of the package is less than what both the House and...

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Bubble Economy 2.0: The Financial Recovery Plan from Hell

February 11, 2009
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GlobalResearch Martin Wolf started off his Financial Times column today (February 11) with the bold question: “Has Barack Obama’s presidency already failed?” The stock market had a similar opinion, plunging 382 points. Having promised “change,” Mr. Obama is giving us more Clinton-Bush via Robert Rubin’s protégé, Tim Geithner. Tuesday’s $2.5 trillion Financial Stabilization Plan...

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A Tax Program for U.S. Economic Recovery

February 1, 2009
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interview with ITulip. Janszen: How do we fix this mess? Hudson: Debt service is the major charge that is institutional rather than “real” and technologically necessary. Our tax system favors debt rather than equity financing. By encouraging debt it has prompted a tax shift onto the “real” economy’s labor and capital. The resulting interest...

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