Sovereignty in the Ancient Near East

April 25, 2015
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Prof Michael Hudson on the Ancient Near East by Renegadeeconomists on Mixcloud 04/01/2015 An interview on the new book – Labor in the Ancient World, the latest in our series on the Ancient Near East, co-edited with Piotr Steinkeller. Support our work by buying a copy.  Karl: Welcome to the Renegade Economists with your host,...

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Odious Debts

March 23, 2015
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Europe Tilts East Towards China (2/2), TRNN, March 22, 2015. SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome back to The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. This is segment two with Michael Hudson on the Asian Infrastructure Investment Bank, a new rival to the World Bank. In segment one we...

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Institutional Discontent

March 22, 2015
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Europe Tilts East Towards China (1/2) Michael Hudson Report: Britain, German, France and Italy are among those who joined Asian Infrastructure Investment Bank in an expression of their discontent over World Bank polices that force developing countries to depend on the US – March 20, 2015 SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The...

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Updated edition – The Bubble and Beyond

March 19, 2015
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The updated edition of THE BUBBLE AND BEYOND, a chronicle of the on-going post-2008 financial collapse, is now available. It makes plain where money goes versus where it might go – and ought to go. Included: A NEW INDEX, a LIST OF 47 EXHIBITS (illustrations, charts, graphs and models), a BONUS CHAPTER and a...

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W-Z: Watered Stock to Zero-Sum

March 16, 2015
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Parts W – Z in the Insider’s Economic Dictionary War: Economically, the major cause of national debt and inflation, and often of postwar deflations. Politically, war serves as an excuse to centralize control of government in the hands of the few, and in the Executive Branch of government. Washington Consensus: The neoliberal “conditionalities” imposed...

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The IMF Emptier

March 16, 2015
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A Boom Bust interview on the pros and cons of the ECB’s quantitative easing and Ukraine’s bailout. The interview starts at 14.15.

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QE Intentions All Too Obvious

March 11, 2015
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“Quantitative Easing for Whom? TRNN, March 11, 2015. The European Central Bank’s trillion euro plan will only help keep the banks afloat. SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. In an effort to relieve some pressure on the struggling European economies, Mario...

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Greece: Austerity for the Bankers

February 24, 2015
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Michael Hudson says Greece’s Finance Minister Varoufakis is proposing austerity on the banking class rather than on the working class to balance the budget. SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. The four-month extension secured by the Greek finance minister, Yanis Varoufakis,...

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U-V: Usury to Vested Interests

February 24, 2015
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Parts U-V in the Insider’s Economic Dictionary Underdevelopment: The term coined by Andre Gunder Frank to describe the policies which former European colonies and more contemporary third-world countries have been turned into indebted raw-materials exporters rather than balanced economies capable of feeding themselves. (See World System.) Unearned income: See Free Lunch. Unexpected. Whenever bad...

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T is for Trickle-Down

February 19, 2015
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Part T in the Insider’s Economic Dictionary Tableau Économique: The first formal national-income account, developed by the Physiocrat Francois Quesnay on the analogy of the circulation of blood within the human body. (See Economist, Say’s Law.) Taxation: The way in which a government gives value to money by accepting it in payment of taxes...

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Ukraine denouement

February 16, 2015
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The  Russian loan and the IMF’s One-Two Punch The fate of Ukraine is now shifting from the military battlefield back to the arena that counts most: that of international finance. Kiev is broke, having depleted its foreign reserves on waging war that has destroyed its industrial export and coal mining capacity in the Donbass...

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Ukraine: Victims Pay

February 15, 2015
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SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to the Michael Hudson report on The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. A ceasefire in Eastern Ukraine has been agreed to, following a marathon all-night, 17-hour negotiation between Russian President Vladimir Putin and Ukraine President Petro Poroshenko. They were flanked byother European...

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The National Interest

February 3, 2015
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James Carden, “Bretton Woods: The Real Threat to Ukraine’s Sovereignty?” The National Interest, February 2, 2015. Tom Friedman and George Soros believe Russia is the greatest threat to Ukraine. History suggests the IMF may be far more dangerous. When politicos and pundits wander off onto some half-baked historical analogy, it more often than not...

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Inequality = Privatisation of the Earth

January 26, 2015
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Truthdig summarises the interview as: Oxfam reports that just 80 people possess the same quantity of wealth as 3.5 billion others. On RT’s Crosstalk, economist Michael Hudson discusses how this happened with Oxfam official Max Lawson and Richard Wellings at London’s Institute for Economic Affairs. Hudson begins, “According to every economics textbook and all...

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Rentier Machinations

January 18, 2015
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RT news: On Thursday, the Swiss National Bank abolished its policy of keeping the franc artificially weak at a peg of 1.20 to the Euro and fallout from the move ricocheted throughout the markets and around the world. The wild swing in the Swiss currency hit global banks with tens of millions of dollars...

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Playing the Pension Funds

January 5, 2015
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Transcript: JESSICA DESVARIEUX, TRNN PRODUCER: Welcome to The Real News Network. I’m Jessica Desvarieux in Baltimore. And welcome to this edition of the Hudson report. Now joining us is the man behind the report, Michael Hudson. Michael is a distinguished research professor of economics at the University of Missouri-Kansas City. And his newest book,...

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Big Fish, Little Fish

January 5, 2015
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US 2015 budget anti pension law, January 2, 2015. On the Senate’s last day in session in December, it approved the government’s $1.1 trillion budget for coming fiscal year. Few people realize how radical the new U.S. budget law was. Budget laws are supposed to decide simply what to fund and what to cut....

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Pipeline Politics

December 15, 2014
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Interview on the Real News. Visit their page to watch it. Sharing disabled. The Hudson Report: Europe’s effort to join the US in isolating Russia has backfired, it makes no sense to build an oil and gas pipeline for Russian exports that would be owned and leased to them by the US and Europe....

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Russian Pivot

December 14, 2014
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SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. President Vladimir Putin is on his way to India to discuss a gas and arms deal. Last week, he was in Turkey talking about diverting what was to be a South Stream pipeline away from...

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The Koch Brothers’ Governors

December 11, 2014
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Butlers Selling the Public’s Silver…. A Dress Rehearsal for Hillary? by Jeffrey Sommers & Michael Hudson The Koch Brothers are the closest thing the United States has to Russia’s oligarchs. They fuse ownership of the economy and state, using the latter to enrich themselves while making private gains through the public’s losses. Their idea...

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