The Hudson Report: Ep 1 Debtors Prisons 2018

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Left Out, a podcast produced by Michael Palmieri, Dante Dallavalle, and Paul Sliker, creates in-depth conversations with the most interesting political thinkers, heterodox economists, and organizers on the Left. Transcript Debtors Prisons 2018 THE HUDSON REPORT: Modern-day debtors' prisons and debt in antiquity POSTED ON MARCH 19, 2018 We're excited to announce our new weekly series called The Hudson Report with the legendary economist Michael Hudson. Every episode we'll pick Professor Hudson's brain for 10 or 15 minutes on an economic issue that is either being ignored—or hotly debated—that week in the press. Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri at Kansas City. He counsels governments around the world on finance and tax policy and has served as ...

The Imperial President defends Wall St’s rent-seeking turf

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Trump's Tariff Travesty Will Not Re-Industrialize the US, TRNN, March 15, 2018 SHARMINI PERIES: It's The Real News Network. I'm Sharmini Peries coming to you from Baltimore. The Organization for Economic Cooperation and Development, or known as the OECD, predicted on Tuesday that Trump's tariffs on aluminum and steel imports could initiate a wave of protectionism and slow global economic growth. The tariffs have already spurred various countries to announce retaliatory measures. For example, the European Union plans to impose tariffs on Harley Davidsons and blue jeans. China has also promised to retaliate. Meanwhile, US companies that use steel and aluminum as raw materials for their production processes already report significant cost increases by as much as 40%. Joining me now to ...

A Travesty of Protectionism

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Trump’s series of threats this week was a one-two punch. First, he threatened to impose national security tariffs on steel and aluminum, primarily against Canada and Mexico (along with Korea and Japan). Then, he suggested an alternative: He would exempt these countries IF they agree to certain U.S. demands. But these demands make so little economic sense that they should be viewed as an exercise in what academia used to call power politics. Or in Trump’s world, Us versus Them, a zero-sum game in which he has to show that America wins, they lose. It won’t work. Trump’s diplomatic ploy with Mexico is to say that he’ll be willing to ...