Posts Tagged ‘ Debt ’

Incorporating the Rentier Sectors into a Financial Model

September 12, 2012
By
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....

Read more »

Wall Street’s War Against the Cities

August 31, 2012
By
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...

Read more »

Overview: The Bubble and Beyond:

August 10, 2012
By

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....

Read more »

Fireside on the Great Theft

August 3, 2012
By

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:...

Read more »

Financial Predators v. Labor, Industry and Democracy

August 2, 2012
By
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...

Read more »

Beyond Fictitious Capital

July 29, 2012
By

A discussion with Max Keiser on my new book The Bubble and Beyond.

Read more »

Latvia No Austerity Success

June 25, 2012
By

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...

Read more »

Paul Krugman’s Economic Blinders

May 14, 2012
By

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...

Read more »

Fraud and Economics

April 25, 2012
By

Another Keiser – Hudson discussion. Michael starts about half way through in analysis of austerity, debt and fraudulent conveyance.

Read more »

Productivity, The Miracle of Compound Interest and Poverty

April 22, 2012
By

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...

Read more »