Golden Tongues

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Michael Hudson on the Orwellian Turn in Contemporary Economics, TRNN, November 17, 2016. Economist Michael Hudson sits down with Sharmini Peries to talk about the elections and his new book J is for Junk Economics [Out January 20, 2017). SHARMINI PERIES, TRNN: It’s the Real News Network. I’m Sharmini Peries coming to you from Baltimore. Come January 20th Donald Trump is placed to take power in Washington D.C., and there’s one thing that everyone is wondering about is what kind of economic policies will he implement that we should really worry about it. Well there’s been one economist, Michael Hudson, who’s been thinking hard and taking a close look on the economics profession and how it misleads the general public in favor of ...

Innocuous Proclaimations

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This is a transcript from Meet the Renegades with economist Michael Hudson and interviewer Ross Ashcroft. You can watch the full interview with Michael here. Michael Hudson: I’m Michael Hudson. I’m a professor of economics at the University of Missouri, Kansas City and Peking University. My focus is on the distinction between the financial economy and the real economy at large. I treat the financial sector and debt as an economic overhead, so my focus is on how society can deal with the debt and to explain why society cannot recover from the current depression until it writes down the debts to what can be paid. Ross Ashcroft: Michael, we’re almost a decade on since 2008 and we sit here now in the ...