A Counterpunch interview by Mike Whitney Mike Whitney: Before John Kennedy took office, anyone making an income of over $200,000 was taxed at a rate of 93 per cent. Corporations also paid a much higher percentage of the total tax burden than they do today. The higher tax rates on the wealthy never hurt...
A Black Agenda Report, The Fictitious Economy, Part 1
A Black Agenda Report Transcript of a Guns And Butter Radio Interview by Bonnie Faulkner originally broadcast on KPFA radio. There is a rising sense of alarm in the United States, as tangible effects of the economic crisis of empire are unmistakably apparent at every hand. Ordinary people are burdened by debt as never...
America's Free Lunch is Over: How Should the Middle East invest its Rising Trade Surplus?
Published in the June 2008 issue of The Gulf, a weekly business news magazine published in Bahrain, and in Counterpunch Every week Mid Eastern countries acquire more dollars in payment for their oil and other exports, and also for rising U.S. investment in their stock markets and other property. This confronts them with a...
The Game is over: There Won't be a Rebound
An Interview by Mike Whitney with Michael Hudson on the Economy – Counterpunch 1–Fed chairman Bernanke has been on a spree lately, delivering three speeches in the last two weeks. Every chance he gets, he talks tough about the strong dollar and “holding the line” against inflation. Treasury Secretary Henry Paulson even said that...
The Fed Sinks the Dollar: The Price-Wage Squeeze
Counterpunch Against the recommendations of most economists and even the Financial Times of London, the Federal Reserve Board yesterday cut its discount rate by yet another quarter-point, to just 2%. Ostensibly, the intention is to try and spur economic “recovery” – as if a cut in the interest rates would do this. At first...
Resurrecting Greenspan: Hillary Joins the Vast, Rightwing Financial Conspiracy
Counterpunch On Monday, March 24, presumably representing Wall Street – as any New York senator must do in view of its dominant financial role in the state’s political campaigns – Hillary Clinton proposed that Congress show its bipartisan spirit by appointing an “emergency working group on foreclosures,” to be led by none other than...
A Trillion-Dollar Rescue for Wall Street Gamblers, But No Money for Families and Retirees
Counterpunch If the move to a Unitary Executive of unfettered presidential power frightens you, America’s radical right turn to Unitary Finance should compound your fears – and your debts as well. The financial events of the last two weeks of March 2008 demonstrate that the “economic royalists” and “money changers” whom Franklin Delano Roosevelt...
FIRE Economy in Crisis
This is an iTulip A link to the iTulip forum can be found here. PDF Part I PDF Part II
A Grand Global Bargain? Save the Economy, Dismantle the Empire
Counterpunch Today’s deepening financial and economic crisis cannot be alleviated without addressing a number of problems that the public does not really want to hear about. Even to cite them raises a wall of cognitive dissonance. For starters, today’s debt problem is not marginal, but has become structural – and structural problems cannot be...
Henry George's Political Critics
Henry George’s Political Critics, in American Journal of Economics and Sociology 67 (January 2008), pp. 1-46.
Debtor Nation: The Hijacking of Americas Economy
Debtor Nation: The Hijacking of Americas Economy (pdf), in Acres , January 2008, Vol. 38, No.1
Credit, Debt, Cancellation of Debt – Since Antiquity
Radio interview, Lapham’s The World in Time on Bloomberg. Listen here.
History of Debt and Credit
Debt cancellation. History of Debt and Credit, Bloomberg radio with Lewis Lapham, Laphams Quarterly.
History of Debt and Credit
Bloomberg radio with Lewis Lapham, Laphams Quarterly. Listen here
Scamming Social Security
Susan Weissman interviews Michael Hudson Susan Weissman, an editor of Against the Current, interviewed author Michael Hudson this past April on her program “Beneath the Surface” on radio station KPFK, Pacifica in Los Angeles. Many thanks to Walter Tanner for transcribing. The following is an abridged and edited text of the interview. SUSAN WEISSMAN:...
Why the “Miracle of Compound Interest” leads to Financial Crises
Oslo conference, “Financial Crises in Capitalism”, Aug. 27, 2007 I first met Erik Reinert in 1994 at an economic history conference in Germany, and have been a member of his Reality Economics group since its founding. Erik Reinert’s Reality Economics group has revived the awareness of economists whose names have disappeared from most histories...
The Plot to Shift Taxes Off Wealth onto Wage Earners
Guns and Butter, KPFA. “AAA rating of subprime junk; inflation; change in world order; privatization of banking system through the Federal Reserve; Alan Greenspan and the 1982 Social Security Committee; junk economics; windfall profits; the law of fraudulent conveyance.” Listen here
Whats Missing from the Capital Gains Debate?
Whats Missing from the Capital Gains Debate? Real Estate and Capital Gains Taxation (pdf), with Kris Feder (Levy Institute Working Paper 17, 1997)
Real Estate and the Capital Gains Debate
Real Estate Capital Gains Debate (pdf)(Levy Institute Public Policy Brief 32, 1997)
FIRE economy, the dollar, asset inflation and deflation, and the economic growth ratchet
iTulip Interview Eric Janszen interviews Dr. Michael Hudson on the FIRE economy, the dollar, asset inflation and deflation, and the economic growth ratchet. Part I (Flash format) Part II (Flash format)
Books by Michael Hudson
