G is for Groundrent

November 13, 2013
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Part G to The Insider’s Economic Dictionary. Gains from Trade: A euphemism for trade dependency resulting from the specialization of production between food-surplus nations and food-deficit countries, and the parallel polarization between high-technology and low-wage producers. Originally coined by free-trade advocates, the term is now used primarily by the agriculturally protectionist economies of North...

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Hudson Italy speech

November 11, 2013
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Another of the presentations from Remini. Enjoy.

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Extra Economist

October 20, 2013
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Please click on the following link to hear my latest radio interview. In Extraenvironmentalist #67 we discuss the implications of the bursting global credit bubble with economist and historian Michael Hudson. Our conversation covers many of the themes in Hudson’s new book, The Bubble and Beyond which covers the process of quantitative easing, neofeudalism...

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Global Property Ponzi Policy

October 7, 2013
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I appear at the 12 minute mark. Max Keiser focuses on the global property ponzi game. The UK housing policy ‘Help to Buy’ – a 15% underwriting of loans under £600,000 is a technique to re-inflate land prices. A 15% rise will bail out the bad loans UK banks have made. Meanwhile the tax...

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F is for FIRE sector

September 23, 2013
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Part F in The Insider’s Economic Dictionary Factoid: A hypothesis, rumor or story so consonant with peoples’ preconceptions that it is accepted as a fact or working assumption, even though it often is made up a priori. Among the most notorious examples are the ideas of diminishing returns, equilibrium, that privatized ownership is inherently...

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E is for Earned Income

September 16, 2013
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Part E in The Economics Insiders Dictionary. Earned income: Wages or profits earned by labor or capital for their role in producing goods and services. As such, earned income excludes economic rent and interest, which are property and financial returns that must be paid out of profits and wages. Ebitda: An acronym for earnings...

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D is for Debt

September 9, 2013
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Part D in The Economic Insider’s Dictionary Debt: Only pure assets and equity ownership exist without corresponding debt. For financial saving, one party’s saving deposit, loan or credit appears as another party’s debt on the opposite side of the balance sheet. (Even net worth appears on the liabilities side of the balance sheet.) Debt...

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C is for Camouflage

August 10, 2013
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Part C in The Insider’s Economic Dictionary Camouflage: A cloak of artificial attractiveness or even of invisibility. Financial debt-claims on the economy’s income and assets camouflage themselves as wealth, although the financial tactic is to strip it. (See Euphemism and Parasite.) Capital: From Latin caput, “head,” as the political seat of government, society’s guiding...

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B is for Bailout

August 7, 2013
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Part B to the Insider’s Economic Dictionary Bailout: Reimbursement to speculators and savers of losses incurred by bad loans, investments or deposits in banks that fail. The effect of this moral hazard is to preserve financial control in the hands of the economy’s wealthiest 10 percent, “making them whole” by shifting the loss onto...

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Obama’s Master Class in Demagogy 101

July 25, 2013
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Yesterday President Obama chose Knox College in Galesburg, Illinois (originally founded by anti-slavery activists in the 1830s) to float the economic program he has been working out with Wall Street investment bankers. His aim is to wrap this program in a democratic rhetoric. The speech’s actual content boils down to: “I’m doing fine and...

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China – Avoid the West’s Debt Overhead: A Land Tax is needed to hold down Housing Prices

July 22, 2013
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How can China avoid the “Western financial disease” – a real estate bubble followed by defaults and foreclosures? The U.S. and European economies originally sought to avoid this fate by taxing the location’s site value. A rent tax was the focus of Progressive Era reforms. Enacting a rent tax remains China’s main challenge to...

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Game Over

July 20, 2013
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Prime Interest Interview

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The Insider’s Economic Dictionary – Part A

July 18, 2013
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Part A to the Insider’s Economic Dictionary. The Antidote to Euphemism The fallacies that lurk in words are the quicksands of theory; and as the conduct of nations is built on theory, the correction of word-fallacies is the never-ending labor of Science. … the party in this country, one of whose great aims was,...

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The Bubble Economy as a 2 part play for Privatisation

July 4, 2013
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As published in the latest World Economics Association digest, the Real World Economics Review The Federal Reserve’s QE3 has flooded the stock and bond markets with low-interest liquidity that makes it profitable for speculators to borrow cheap and make arbitrage gains buying stocks and bonds yielding higher dividends or interest. In principle, one could...

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Finance Capitalism & Its Discontents on Kindle

May 29, 2013
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Finance Capitalism & Its Discontents on Kindle

This collection contains the most important interviews and speeches that Professor Michael Hudson, Distinguished Professor of Economics at the University of Missouri (Kansas City), and president of the Institute for the Study of Long-term Economic Trends (ISLET) has given over the past decade (2003-2012). They span the political spectrum from COUNTERPUNCH.COM and KPFK radio’s...

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Left Forum: Austerity Isnt Working

May 26, 2013
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I am speaking in two panels at the Left Forum – I hope you can join us. Austerity isn’t Working, Can Keynesian Reforms Save the System?
 Saturday, 8th of June 10:00am-11:50am Pace University, New York City
 Room: W613 Abstract: Three contributions on the question, Is a Reformist Solution Possible? Hillel Ticktin looks at the...

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Monopoly Price Tyranny

May 24, 2013
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Keiser-Hudson on bread to debt, 2nd half of the show.

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Obama’s Catfood Reform

April 11, 2013
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More at The Real News Edited transcript Michael Hudson: Obama’s “bargain” on social security reform will push more retirees into poverty in exchange for a minor increase in high end income tax – a class that receives most revenue from capital gain. Obama’s Social Security reform April 11, 2013. PAUL JAY, SENIOR EDITOR, TRNN:...

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Thatcher – ‘Sorry You’ve Lost Your Job’

April 9, 2013
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More at The Real News Edited transcript PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I’m Paul Jay in Baltimore. Former prime minister Margaret Thatcher has passed away, and of course around the world people are debating her legacy. Henry Kissinger said she was a great defender of Western interests. She’s...

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“Let us glory in our inequality.”

April 8, 2013
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Failed Privatizations – the Thatcher Legacy By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, and a research associate at the Levy Economics Institute of Bard College. His latest book is “The Bubble and Beyond”. This is from my book on privatization, written some 15 years ago, never published....

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