Posts Tagged ‘ Euro ’

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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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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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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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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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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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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Productivity, The Miracle of Compound Interest and Poverty

April 22, 2012
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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...

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EU IMF'd

April 18, 2012
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Lauren Lyster presses Michael Hudson on the desire for EU budget surpluses.

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