Michael Hudson on the Super Committee and the deficit strategy. More at The Real News
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Archive for November, 2011
Systemic Deficit Strategy
Reforming the U.S. Financial and Tax System
The pretense is that privatization is more efficient. But privatizers add on interest and financial fees, high executive salaries and bonuses, and turn the roads into toll roads and other infrastructure into neofeudal fiefdoms to charge monopolistic access fees for people to use. .... So the financial sector first creates a problem by loading...
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Iceland’s Fair Value Vultures
The New Bank Disaster Olafur Arnarson, Michael Hudson and Gunnar Tomasson* The problem of bank loans gone bad, especially those with government-guarantees such as U.S. student loans and Fannie Mae mortgages, has thrown into question just what should be a “fair value” for these debt obligations. Should “fair value” reflect what debtors can pay...
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Occupy Systemic Change
Hudson with Lauren Lyster, discussing shocking new census poverty figures and the coming change. This rushed interview required more detail on solutions as can be heard here and read here.
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Now We’re Talking
Hudson is in form on KPFK today with Alan Minsky.
17 minutes - worth doing the dishes to.
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EU: Democracy Incompatible with Debt Collection
Democracy Now Nov 3 2011 AMY GOODMAN: World leaders are gathering in Cannes for the opening of the Group of 20 summit today. That’s the G20 summit. On the top of the agenda is Greece and the European debt crisis. The Greek prime minister, George Papandreou, is coming under intense criticism from European leaders...
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Consent Needed for Debt Repayments
Hudson on the odious nature of debts encouraged by the banksters but repaid by the people through austerity.
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Books by Michael Hudson
