The Sanctity of Debt

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[soundcloud url="https://api.soundcloud.com/tracks/223685976" params="auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&visual=true" width="100%" height="450" iframe="true" /] Today's interview on the highly regarded This Is Hell! show: Economist Michael Hudson explains how finance became capitalism's driving force and why an increasing amount of American life is being dedicated to sustaining unsustainable debt values, then gives a radical history lesson in debt economics - from ancient Sumer to the University of Chicago - that suggests the only way to end a debt crisis is to end the debt itself. Michael is author of the new book "Killing the Host: How Financial Parasites and Debt Destroy the Global Economy."

Monopoly’s Poster Children

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This is the first episode of our new “Alternative Voices” interview series, where we talk to people who give us a different perspective on all manner of topics. Our first guest is Professor Michael Hudson, a research professor of economics at the University of Missouri in Kansas City and the author of two books “The Bubble And Beyond” and “Super Imperialism: The Economic Strategy Of American Empire”. He talks to Greg about austerity in Ireland, how US economic policy has affected Ireland, Europe and the rest of the world as well as how the various political parties in Ireland have mishandled the economic crisis. Without further ado the first episode, along with the transcript and a link to download the ...

Trade Advantage Replaced by Rent Extraction

I was interviewed on the Renegade Economists radio/ podcast entitled Crony Competition on the road to Unearned Income: Prof Michael Hudson gives a wrap on the economics of 2013 as we discuss Detroit, Iceland, Madoff, Marx and Blackstone Capital. Why Comparative Advantage was replaced by Rent Extraction - with Prof Michael Hudson by Renegadeeconomists on Mixcloud Karl Fitzgerald: Our favourite guest, the man that Max Keiser from www.MaxKeiser.com described as the world’s greatest living economist, yes, Professor Michael Hudson is here to give us a wrap on 2013 and the economic forces that have surrounded us for centuries. How have you actually seen 2013? What’s played out for you in terms of the big trends? Michael Hudson: Oh, the same shrinkage that you’ve seen ...

Extra Economist

Please click on the following link to hear my latest radio interview. In Extraenvironmentalist #67 we discuss the implications of the bursting global credit bubble with economist and historian Michael Hudson. Our conversation covers many of the themes in Hudson’s new book, The Bubble and Beyond which covers the process of quantitative easing, neofeudalism and more. Partial Transcript Justin Ritchie: “There’s a lot of people on the left and the right who are becoming increasingly critical of Quantitative Easing and the question we have is how does it work? What does it mean that the US Federal Reserve is buying these $85 billion dollars each month of assets even though they are talking about tapering now?” Michael Hudson: “Quantitative Easing only has to ...

Inner Econ Geek

This interview with Profs. Hudson, Bill Black and Randy Wray at UMKC describes how the U.S. Financial sector has become criminalized, and describes how the economy will continue to shrink sharply after the November presidential election. Listen via here KCUR writes: Want to satisfy your inner econ geek? You've come to the right place. On Thursday's Central Standard, we’re having a roundtable talk on all things Post-Keynesian with distinguished UMKC research professors William Black, Randall Wray and Michael Hudson. Find out why the dynamics of private sector are essential to understanding the economy. Plus, we’ll discuss government transparency and accountability. If you're just little rusty on your economic theory and policy, join us at the table for the perfect refresher course.

Set Up To Fail

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 Randall Wray, yourself and Stephanie Kelton being quoted quite widely these days. Can you explain what Post-Keynesianism is? MH: The fact that we all have a very similar approach is what has enabled us to challenge the neoliberal Chicago School. Our approach is heterodox - we see that money is created, basically, on computer keyboards. When a bank lends money, they create a deposit by writing a loan. You ...

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 7th Listen to the interview recorded March 7th. Transcription: MH: Prof Michael Hudson, Distinguished Research Professor at the University of Missouri-Kansas City. KF: Karl Fitzgerald KF: Professor Michael Hudson, welcome back to the show! Our listeners certainly appreciate your time. Can you explain to us why economic growth is necessary? MH: Well for one thing, populations grow and so you have to provide more goods and services. For another thing, people expect to ...

Wall Street's Euthanasia of Industry

Michael interviewed on Guns N Butter with Bonnie Faulkner Listen here Transcription “When I was in Norway one of the Norwegian politicians sat next to me at a dinner and said, “You know, there’s one good thing that President Obama has done that we never anticipated in Europe. He’s shown the Europeans that we can never depend upon America again. There’s no president, no matter how good he sounds, no matter what he promises, we’re never again going to believe the patter talk of an American President. Mr. Obama has cured us. He has turned out to be our nightmare. Our problem is what to do about the American people that don’t realize this nightmare that they’ve ...