The Fed Sinks the Dollar: The Price-Wage Squeeze

May 1, 2008
By

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...

Read more »

Resurrecting Greenspan: Hillary Joins the Vast, Rightwing Financial Conspiracy

April 17, 2008
By

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...

Read more »

A Trillion-Dollar Rescue for Wall Street Gamblers, But No Money for Families and Retirees

April 11, 2008
By

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...

Read more »

FIRE Economy in Crisis

April 7, 2008
By

This is an iTulip A link to the iTulip forum can be found here. PDF Part I PDF Part II

Read more »

A Grand Global Bargain? Save the Economy, Dismantle the Empire

March 15, 2008
By

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...

Read more »

Henry George's Political Critics

January 25, 2008
By

Henry George’s Political Critics, in American Journal of Economics and Sociology 67 (January 2008), pp. 1-46.

Read more »

Debtor Nation: The Hijacking of Americas Economy

January 16, 2008
By

Debtor Nation: The Hijacking of Americas Economy (pdf), in Acres , January 2008, Vol. 38, No.1

Read more »

Credit, Debt, Cancellation of Debt – Since Antiquity

January 8, 2008
By

Radio interview, Lapham’s The World in Time on Bloomberg. Listen here.

Read more »

History of Debt and Credit

November 11, 2007
By

Debt cancellation. History of Debt and Credit, Bloomberg radio with Lewis Lapham, Laphams Quarterly.

Read more »

History of Debt and Credit

October 16, 2007
By

Bloomberg radio with Lewis Lapham, Laphams Quarterly. Listen here

Read more »

Scamming Social Security

September 21, 2007
By

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:...

Read more »

Why the “Miracle of Compound Interest” leads to Financial Crises

August 27, 2007
By

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...

Read more »

The Plot to Shift Taxes Off Wealth onto Wage Earners

August 22, 2007
By

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

Read more »

Whats Missing from the Capital Gains Debate?

March 25, 2007
By

Whats Missing from the Capital Gains Debate? Real Estate and Capital Gains Taxation (pdf), with Kris Feder (Levy Institute Working Paper 17, 1997)

Read more »

Real Estate and the Capital Gains Debate

March 25, 2007
By

Real Estate Capital Gains Debate (pdf)(Levy Institute Public Policy Brief 32, 1997)

Read more »

FIRE economy, the dollar, asset inflation and deflation, and the economic growth ratchet

March 15, 2007
By

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)

Read more »

America: Host or Parasite?

March 14, 2007
By

America: Host or Parasite? in Guns and Butter, KPFA “We discuss the US balance of payments trade deficit which creates US credit to finance the US national debt and war abroad; Russian economic shock therapy as the final stage of the cold war; the real estate bubble; permanent war and the inevitable collapse of...

Read more »

Real Estate: Growth, Crash, or Soft Landing?

December 16, 2006
By

Speech at Wariton Valley Community College. Listen here

Read more »

The New Road to Serfdom – An illustrated guide to the coming real estate collapse

April 20, 2006
By

Can be downloaded from here or from Harpers.

Read more »

The $4.7 Trillion Pyramid: Why Social Security won't be enough to save Wall Street

April 24, 2005
By

Harpers Magazine, April 2005 They wanted something for nothing. I gave them nothing for something. – J.R. “Yellow Kid” Weil Social Security, formerly the “third rail” of American politics, has now been trod upon, in rather dramatic fashion, by George W. Bush. Given that the maneuver is both stupid and unnecessary, one must ask...

Read more »