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...
Posts Tagged ‘ Euro ’
EU IMF'd
Lauren Lyster presses Michael Hudson on the desire for EU budget surpluses.
MMT as the Austerity Alternative
Michael appeared on Guns and Butter alongside Assoc Professor Stephanie Kelton in Rimini. Listen to the interview aired March 7th. Make sure you read Michael’s piece on Our Very Oscar Night in Rimini for more background. “There IS An Alternative To European Austerity: Modern Money Theory (MMT)” with Stephanie Kelton and Michael Hudson in...
Our Very Own Oscar Night in Rimini
Such is the censorial spirit of neoliberal monetary austerity. Its motto is TINA: There Is No Alternative, and it wants to keep matters this way. As long as it can suppress discussion of how many better alternatives there are, the hope is that the public will remain acquiescent as their living standards shrink and...
Wall Street's Capital Gain Plan
Well, the problem is is the financial time frame is very short-term. It's hit and run. They're into making a bundle as quick as they can on one project and then go on to the next project. And they leave an economy loaded down with debt, which is what you have from the corporate...
Hudson, Keiser on 2012 Imperialism
See Dr Hudson with Max Keiser in On the Edge as they sift through the latest issues including the EU, Ron Paul, Austrian economics, Iran and the role of the US dollar.
Degredation of Democracy
Michael appears on Capital Account to discuss his two most recent articles, Democracy & Debt and Europe’s Transition from Social Democracy to Oligarchy.
Consent Needed for Debt Repayments
Hudson on the odious nature of debts encouraged by the banksters but repaid by the people through austerity.
Trade Theory Financialized
To secure its privileges and tax favoritism, the financial sector opposes government power to tax or regulate. Fighting under the banner of “free markets,” it is now fighting to centralize economic planning power in Wall Street, the City of London and other financial centers. What is remarkable is that under ostensibly democratic politics, an...
Debt Deflation on the rise
Michael Hudson on Bonnie Faulkner’s Guns & Butter. Listen Here Guns and Butter: “Debt Deflation in Europe and America” Edited Interview by Bonnie Faulkner with Michael Hudson, September 2, 2011 (first aired on Pacifica, September 14, 2011). “Without consumption, markets are going to shrink. Companies won’t invest, stores will close, “for rent” signs will...
Books by Michael Hudson
