Obama’s Junk Economics

February 1, 2010
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Democrats Say “Bye” to Populist Option In a dress rehearsal for this November’s mid-term election, Democrats and Republicans vied last week for who could denounce the banks and blame the other party the most for the giveaways to Wall Street that have swollen the public debt since September 2008, pushing the federal budget into...

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Which Economy is Obama Talking About?

January 26, 2010
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Myths of Recovery Counterpunch The State of the Union address is in danger of purveying the usual euphemisms. I expect Obama to brag that he has overseen a recovery. But can there be any such thing as a jobless recovery? What has recovered are stock market averages and Wall Street bonuses, not disposable personal...

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On the Eve of the State of the Union

January 25, 2010
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Will Obama Put Muscle Into the White House’s New Populist Play? Counterpunch At stake now is President Obama’s credibility as an agent for change. Voters see his main “change” thus far to have been favoritism to Wall Street. Jay Leno jokes that Obama has done the impossible: resurrected the seemingly dying Republican Party and...

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Wall Street’s Power Grab

January 18, 2010
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The Financial Crisis Inquiry Commission Hearings Counterpunch You almost could hear the bankers heave a sigh of relief when Haiti’s earthquake knocked the Financial Crisis Inquiry Commission hearings off the front pages and evening news broadcasts last week. At stake, after all, is Wall Street’s power grab seeking to centralize policy control firmly in...

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Iceland can refuse debt servitude

January 6, 2010
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Financial Times Olafur Ragnar Grimsson, Iceland’s president, has created uproar with his decision to block legislation that would have repaid €3.9bn ($5.6bn) lost by British and Dutch savers in a failed Icelandic bank, triggering a referendum that the government is expected to lose. The initial response by credit rating agencies was to downgrade Icelandic...

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Krugman's attack on my review of Samuelson

December 20, 2009
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I have recently republished my lecture notes on the history of theories of Trade, Development and Foreign Debt {2}. In this book I provide the basis for refuting Samuelson’s factor-price equalization theorem, IMF-World Bank austerity programs, and the purchasing-parity theory of exchange rates. These ideas were lapses back from earlier analysis, whose pedigree I...

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The Lost Science of Classical Political Economy

December 20, 2009
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neweconomicperspectives There is a seeming riddle in the recent evolution of economic thought. It has become more otherworldly and abstract, more detached from the reality of how economies are running deeper into debt to a financial oligarchy. The global economy itself is polarizing between creditor and debtor nations, financial core and periphery (even as...

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Philip Adams Interview – Late Night Live

November 26, 2009
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You can listen to this interview here.

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Slideshow – Lifting the Lid on the GFC

November 26, 2009
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Slideshow – Lifting the Lid on the GFC

See Michael in action whilst in Australia

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Lifting the Lid on the GFC

November 26, 2009
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You can listen to this speech here.

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Steering the Economy into Debt Deflation – Melbourne Town Hall speech

November 26, 2009
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You can listen to this speech here.

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Global Policy Trends in a Financialised Economy

November 25, 2009
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Global Policy Trends in a Financialised Economy – Federal Parliament’s Vital issues seminar. This speech can be heard here.

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The Earth v the Neo-Liberal Paradigm – Prosper Australia speech

November 25, 2009
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You can listen to this speech here

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Hudson on Switzer

November 25, 2009
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Hudson on Switzer – Sky TV Business.

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Hudson Multimedia Highlights from 'Down Under' Oct. 2009

November 24, 2009
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Following Prof Michael Hudson’s recent tour, here are more multimedia highlights: Visual: Hudson on ABC International with Jim Middleton. Hudson on Switzer – Sky TV Business. Forever Blowing Bubbles – Sydney presentation. Hudson tour slideshow Audio: The Earth v the Neo-Liberal Paradigm – Prosper Australia speech Global Policy Trends in a Financialised Economy –...

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Housing supply down, profits up

November 11, 2009
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The Age HIGHER land and house prices typically lead to an increased supply of housing. Yet at the peak of Australia’s perennial housing affordability crisis, the Housing Industry Association declared that there would be a 13 per cent fall in housing starts this calendar year, compounding last year’s 18 per cent fall. In light...

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What Caused The GFC

November 6, 2009
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Hudson on ABC International Professor Michael Hudson on ABC International (broadcast to 44 countries) – Monday 26th October

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Forever Blowing Bubbles

November 5, 2009
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The presentation from Professor Michael Hudson’s Sydney talk ‘Forever Blowing Bubbles’. The screen size is small to reduce the file size.

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Landlords and bankers back in charge of the economy again

October 14, 2009
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This commentary from the Daily Reckoning can be read here

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What recovery?

September 9, 2009
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This interview from the Business Spectator can be read here.

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