We missed this one from nearly two months ago, an interview with Michael on RT News regarding the next round of banking bailouts. Why does America have a budget deficit?
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Archive for August, 2011
Banksters Bailout Builds
Discussing Obama’s Motivations
Max Keiser probes Michael on the framing of today’s political thinking.
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The State and Local Budget Crisis
The cost of the 2011 cutbacks in federal spending will fall most directly on consumers and retirees by scaling back Social Security, Medicare, Medicaid and social spending programs. The population also will suffer indirectly, by lower federal revenue sharing with U.S. states and cities.
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German Taxpayers Willingly Subsidise Bankers
NY Times, August 11, 2011 A debate between five economists on “Why Aren’t Germans Protesting?” Rightly Disgusted at the Banks A bailout, like any other government expenditure, is a tax. Someone must pay all this money. And it is unfair to tax the broad population to pay for a special interest. Instead of being...
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Russia: Reversing Economic Polarization and Poverty
To avoid this fiscal cause of poverty, we must ask what kind of taxes steer wealth into the most productive lines, by lowering the economy’s cost of doing business, and preventing “negative-sum” predatory economic activities that impoverish the population? More specifically, is a tax shift onto land rent and monopoly rent (as Dmitri Lvov...
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Debt Deal – Economy Sacrificed for Military Bias
Democracy Now, August 2, 2011 After Months of Partisan Wrangling, Wall Street & Pentagon Emerge Victorious on Debt Deal AMY GOODMAN: After months of a bitterly partisan stalemate, the U.S. House of Representatives has voted in favor of raising the federal borrowing limit and avoiding a default on the national debt. The final count...
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Russia’s Economic Interests (Part 1)
After the Soviet Union dissolved in 1991, most of its members followed the neoliberal advice of the IMF and World Bank – and the Harvard Boys – and simply turned over the most lucrative resources in the public domain (minerals and fuels, real estate, public utilities, hotels, transport systems, etc.) to well-connected individuals and...
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Books by Michael Hudson
