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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Mrs. Thatcher’s Mean Legacy

April 8, 2013
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The Queen Mother of Global Austerity and Financialization Michael Hudson and Jeffrey Sommers We typically honor the convention to refrain from speaking ill of the recently departed. But Margaret Thatcher probably would not object to an epitaph focusing on how her political legacy was to achieve her professed aim of “irreversibly” dismantling Britain’s public...

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Too Big To Jail?

March 30, 2013
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More at The Real News Too Big to Fail Public Banking Needed to Stop “Cannibalization” of the Economy, March 29, 2013. Michael Hudson: As long as finance is left in private hands, you’re going to have austerity and America ending up looking like Greece and Ireland. PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The...

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Wall St Burdens the Public Debt

March 25, 2013
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More at The Real News PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I’m Paul Jay in Baltimore. As the effects of the sequester agreement ripple through the American economy–massive cuts, that is, to social programs, and the military to some extent–one thing is clear: both sides–President Obama and the leadership...

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Banking on Student Debt

March 21, 2013
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More at The Real News Student debt is the new growth zone for banking revenues. With no student bankruptcy permitted, this is akin to a low risk revenue stream for the financial industry, now second in size to mortgage debt. Solution to Student Debt is to Get the Banks Out of the Education Business...

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Government Debt and Deficits Are Not the Problem. Private Debt Is.

March 12, 2013
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There are two quite different perspectives in the set of speeches at this conference. Many on our morning panels – Steve Keen, William Greider, and earlier Yves Smith and Robert Kuttner – have warned about the economy being strapped by debt. The debt we are talking about is private-sector debt. But most officials this...

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Economic Policy Deception

March 8, 2013
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Another in the series of interviews on the Renegade Economists radio show (Australia), a wide ranging analysis of the advantages to wealth that money printing and poor tax policy produce. Topics include land and housing policy, German gold repatriation, Occupy, Bradley Manning, Iran, Obama and Kruegar. Listen here Subscribe to the show (itunes) Transcription...

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The Delicious Irony of Morris Greenberg’s AIG Suit Against the US Treasury

January 12, 2013
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When the financial bubble burst in September 2008, U.S. and European governments responded by shifting bank losses onto their own balance sheets. The pretense is that real growth cannot resume until the banks and speculators are “made whole.” To cover the cost of bailing out the banks, governments now are trying to run budget...

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2013 – the stage is set

January 11, 2013
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Hudson on the Thom Hartmann Program.

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Latvia’s Economic Disaster as a Neoliberal Success Story: A Model for Europe and the US?

January 3, 2013
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by Jeffrey Sommers and Michael Hudson A generation ago the Chicago Boys and their financial supporters applauded General Pinochet’s anti-labor Chile as a success story, thanks mainly to its transformation of their Social Security into Employee Stock Ownership Plans (ESOPs) that almost universally were looted by the employer grupos by the end of the...

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America’s Deceptive 2012 Fiscal Cliff

December 28, 2012
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How today’s fiscal austerity is reminiscent of World War I’s economic misunderstandings When World War I broke out in August 1914, economists on both sides forecast that hostilities could not last more than about six months. Wars had grown so expensive that governments quickly would run out of money. It seemed that if Germany...

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Finance Capitalism and its Discontents

December 22, 2012
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Finance Capitalism and its Discontents

NEW BOOK: 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...

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Reality economics

December 19, 2012
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A review of Norbert Häring and Niall Douglas, Economists and the Powerful (London: Anthem Press, 2012). “Whom the gods would destroy, they first make mad.” And if they would destroy economies, they first create a wealthy class on top, and let human nature do the rest. The acquisition of power soon leads to its...

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Austerity, Debt and Unelected Central Bankers

December 19, 2012
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Loans you shouldn’t pay back, violent partners, and who triumphs when Germany Banks & Greece go toe to toe. Seek truth from facts with former Chase banker Prof. Michael Hudson, Stockholm Syndrome theorist Dr. Carlos Encinas, anti-EU party boss Peter Mach, Greek Correspondent Nicolas Mottas and Financial Times Associate Editor Wolfgang Munchau.

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E Peshine Smith: A Study in Protectionist Growth Theory and American Sectionalism

December 4, 2012
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NY University, PhD, 1968, Michael Hudson Peshine Smith (1814 – 82) was probably the most sophisticated of the pre-Civil War protectionists. What he attempted was no less a task than to transform protectionist economic thought from a body of disparate and often self-contradictory parts into an integrated doctrine of economic growth, and to develop...

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Fiscal Cliff Trojan

November 25, 2012
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More at The Real News November 25, 2012 Fiscal Cliff An Artificial Crisis Michael Hudson: Fiscal cliff was manufactured to shift more of the burden of the crisis onto ordinary people. Transcript PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I’m Paul Jay in Baltimore. … Now we are going to...

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