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:...
Posts Tagged ‘ Debt ’
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...
Beyond Fictitious Capital
A discussion with Max Keiser on my new book The Bubble and Beyond.
Latvia No Austerity Success
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...
Paul Krugman’s Economic Blinders
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...
Fraud and Economics
Another Keiser – Hudson discussion. Michael starts about half way through in analysis of austerity, debt and fraudulent conveyance.
Productivity, The Miracle of Compound Interest and Poverty
The bank regulators did not urge the government to tax real estate more. That would have squeezed homeowners on their bank loans – and left less new rental income to be capitalized into new bank loans. But it would have enabled the government to reduce its heavy taxes on employment. This was not the...
Geithner Turfed Out by EU Bankers
Prof Hudson appears on the Renegade Economists radio show to discuss the economic growth trap, compound interest, Sumeria, the corruption of economics and how US interests are flexing in the debate over what constitutes a CDO default in the EU. This interview was conducted just days before Greece was given another reprieve. Recorded March...
Debts that can’t be paid, won’t be
An excerpt from a paper published for the conference Paradigm Lost: Rethinking Economics and Politics. I am speaking to this paper in Berlin this week. The full paper can be downloaded from their website (PDF). A common denominator runs throughout recorded history: a rising proportion of debts cannot be paid. Adam Smith remarked that...
Film: Real Estate 4 Ransom
Michael Hudson features in this 40 min documentary on the role property speculation and public finance had on this Great Recession. What role does economics itself have to blame for policy failure? More details Real Estate 4 Ransom from Real Estate 4 Ransom on Vimeo.
Books by Michael Hudson
