Financial

Inner Econ Geek

October 1, 2012
By

This interview with Profs. Hudson, Bill Black and Randy Wray at UMKC describes how the U.S. Financial sector has become criminalized, and describes how the economy will continue to shrink sharply after the November presidential election. Listen via here KCUR writes: Want to satisfy your inner econ geek? You’ve come to the right place....

Read more »

Paul Krugman’s Economic Blinders

May 14, 2012
By

In Mr. Krugman’s reading, private debts need not be written down or the tax system made more efficient. It is to be better subsidized – mainly with easier bank credit and more government spending. So I am afraid that his book might as well have been subtitled “How the Economy can Borrow its Way...

Read more »

Austerity still?

April 14, 2012
By

Michael Hudson’s presentation for the session “The Challenge of DeLeveraging and Overhangs of Debt II: The Politics and Economics of Restructuring” at the Institute for New Economic Thinking’s (INET) Paradigm Lost Conference in Berlin. April 13, 2012.

Read more »

Our Very Own Oscar Night in Rimini

February 27, 2012
By

Such is the censorial spirit of neoliberal monetary austerity. Its motto is TINA: There Is No Alternative, and it wants to keep matters this way. As long as it can suppress discussion of how many better alternatives there are, the hope is that the public will remain acquiescent as their living standards shrink and...

Read more »

Wall Street's Capital Gain Plan

February 27, 2012
By

Well, the problem is is the financial time frame is very short-term. It's hit and run. They're into making a bundle as quick as they can on one project and then go on to the next project. And they leave an economy loaded down with debt, which is what you have from the corporate...

Read more »

Banking Wasn't Meant to Be Like This

January 27, 2012
By

Yet to keep the bank casino winning, global bankers now want governments not only to bail them out but to enable them to renew their failed business plan – and to keep the present debts in place so that creditors will not have to take a loss. This wish means that society should lose, and...

Read more »

Degredation of Democracy

December 7, 2011
By

Michael appears on Capital Account to discuss his two most recent articles, Democracy & Debt and Europe’s Transition from Social Democracy to Oligarchy.

Read more »

Europe’s Transition From Social Democracy to Oligarchy

December 6, 2011
By

As first published in Frankfurter Allgemeine Zeitung The easiest way to understand Europe’s financial crisis is to look at the solutions being proposed to resolve it. They are a banker’s dream, a grab bag of giveaways that few voters would be likely to approve in a democratic referendum. Bank strategists learned not to risk...

Read more »

Now We're Talking

November 4, 2011
By

Hudson is in form on KPFK today with Alan Minsky. 17 minutes - worth doing the dishes to.

Read more »

Consent Needed for Debt Repayments

November 1, 2011
By

Hudson on the odious nature of debts encouraged by the banksters but repaid by the people through austerity.

Read more »