Modern Money and Public Purpose

September 24, 2012
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Here is the recording of the presentation I gave at the Modern Money and Public Purpose seminar recently. My delivery begins at the 43 minute mark. I highly recommend Randy’s presentation beforehand. Moderator: William V. Harris, William R. Shepherd Professor of History and Director, Center for the Ancient Mediterranean, Columbia University Speaker 1: L....

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Surviving Progress transcript

September 24, 2012
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Below are the transcripts from the film Surviving Progress I was a part of. The film can be purchased here. Canada FILM group on PROGRESS 2010: The Road to Debt Serfdom Cinémaginaire, ASHOP (USA): Interview with Michael Hudson – Tapes #112-113-114 Theme: In the name of “progress,” the world is regressing to neoserfdom. Mainstream...

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Set Up To Fail

September 17, 2012
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Renegade Economists interview 05.09.2012 Interview with Professor Michael Hudson by Karl Fitzgerald Listen KF: We welcome to the show Professor Michael Hudson, Distinguished Research Professor at the University of Missouri-Kansas City, the leading Post-Keynesian university in America. It’s been fantastic to see, Michael, that the public profile of UMKC has really taken off with...

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Incorporating the Rentier Sectors into a Financial Model

September 12, 2012
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Incorporating the Rentier Sectors into a Financial Model

by Dirk Bezemer and Michael Hudson As published in the World Economic Association’s World Economic Review Vol #1. ABSTRACT Current macroeconomics ignores the roles that rent, debt and the financial sector play in shaping our economy. We discuss the Classical view on rents and policy responses to the rentier sector in the 19th century....

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Upcoming Events

September 7, 2012
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There are three upcoming events I will be presenting at: Sept 11: Modern Money & Public Purpose, Jerome Greene Hall, Room 104, Columbia Law School, 435 West 116th St, New York The event will be streamed live and questions can be asked via twitter. Reading Resources September 20-23: The American Monetary Institute’s 8th Annual...

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Wall Street’s War Against the Cities

August 31, 2012
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Wall Street’s War Against the Cities

Why Bondholders Can’t – and Shouldn’t – be Paid The pace of Wall Street’s war against the 99% is quickening in preparation for the kill. Having demonized public employees for being scheduled to receive pensions on their lifetime employment service, bondholders are insisting on getting the money instead. It is the same austerity philosophy...

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Union Discussion

August 30, 2012
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Michael Hudson on the Union Solidarity International podcast dissecting the economic predicament, debt deflation, the problems of dollar hegemony, and the need for debt jubilees. Apologies – the audio has a reverb.

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Overview: The Bubble and Beyond:

August 10, 2012
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The Road from Industrial Capitalism to Finance Capitalism and Debt Peonage Essays on Fictitious Capital, Debt Deflation and the Global Crisis Michael Hudson’s new book The Bubble and Beyond can be purchased here. Preface Summary and Analytic Table of Contents Introduction: Today’s Financial Crisis and Economic Theory I. Fictitious Capital and Economic Fictions 1....

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Fireside on the Great Theft

August 3, 2012
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Michael Hudson’s new book The Bubble and Beyond can be purchased here. A recent interview in Frankfurt’s FAZ newspaper: Dr. Schirrmacher: And then, just to find a starting point, maybe we can start with the personal, and then at least I would ask you both. Maybe that is a good starting point, very basic:...

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Escape Economics Review

August 3, 2012
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PAUL CRAIG ROBERTS reviews my book in Escape from Economics. Hudson is totally outside the matrix in which economists imprison themselves. Hudson doesn’t live in the artificial reality of economists or shill for corporations and Wall Street. A person can learn a lot from Hudson. His book, Trade, Development and Foreign Debt (2009) explains...

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Financial Predators v. Labor, Industry and Democracy

August 2, 2012
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Financial Predators v. Labor, Industry and Democracy

Europe’s sovereign debt crisis in historical perspective Sankt Georgen University, Frankfurt, June 22, 2012 Michael Hudson’s new book The Bubble and Beyond can be purchased here. The Eurozone lacks a central bank to do what most central banks are supposed to do: finance government deficits. To make matters worse, the Lisbon Agreement limits these...

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Beyond Fictitious Capital

July 29, 2012
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A discussion with Max Keiser on my new book The Bubble and Beyond.

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Veblen’s Institutionalist Elaboration of Rent Theory

July 27, 2012
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Michael Hudson’s new book The Bubble and Beyond has just been released and can be purchased here. Speech given at the Veblen, Capitalism and Possibilities for a Rational Economic Order Conference, Istanbul, Turkey, June 6th, 2012 Simon Patten recalled in 1912 that his generation of American economists – most of whom studied in Germany...

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The Bubble and Beyond

July 25, 2012
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The Bubble and Beyond

Michael Hudson’s new book The Bubble & Beyond is vital for those vying to make sense of the economic quicksand global policy makers find themselves in. Buy it now. He ties a thread between the big issues of our times – underwater housing, money market manipulations and lifetime debt – concerns that appear too...

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The Weaponization of Economic Theory

July 13, 2012
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Europe’s three needs: a debt write-down, a real central bank, and a more efficient tax system Brussels Talk, Madariaga College, Governing Globalisation in a World Economy in Transition, June 27, 2012 What can Europe learn from the United States? First, the United States – like Canada, England and China – have central banks that...

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Lativa No Austerity Success (extended)

June 29, 2012
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by JEFFREY SOMMERS and MICHAEL HUDSON A much shorter version of this article appeared in the Financial Times on Friday, June 22.  Austerity’s advocates are declaring victory with Latvia’s battle against the European economic crisis and advocating it as the model for Greece & Spain to emulate.  Curiously, Latvians have been declaring this “win” by...

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Latvia No Austerity Success

June 25, 2012
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Jeffrey Sommers & Michael Hudson Cross posted from the Financial Times by permission of the authors Michael Hudson and Jeffery Sommers: a distinguished professor at the University of Missouri-Kansas City and associate professor at the University of Wisconsin-Milwaukee respectively, who have both advised members of Latvia’s government on alternatives to austerity. They are also...

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Obama’s Blame Game

June 15, 2012
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Michael on RT News.  

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Paul Krugman’s Economic Blinders

May 14, 2012
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In Mr. Krugman’s reading, private debts need not be written down or the tax system made more efficient. It is to be better subsidized – mainly with easier bank credit and more government spending. So I am afraid that his book might as well have been subtitled “How the Economy can Borrow its Way...

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Learning from the Eurocrisis

May 10, 2012
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Transcript Headlines around the world greeted the election results in Greece and France as a rejection of austerity programs by the electors of those countries. Well, what can Americans learn from the results of these elections and from the crisis in the eurozone? Now joining us to talk about all of this is Michael...

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