Posts Tagged ‘ tax cuts ’

Debts that can’t be paid, won’t be

April 10, 2012
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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...

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Film: Real Estate 4 Ransom

March 15, 2012
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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.

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Padding Banksters Pockets

January 30, 2012
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Hudson giving an overview of current affairs with a fired up Lauren Lyster fresh back from Davos.

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Russian Ripoff

September 20, 2011
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President Putin, now Prime Minister Putin, has said that the demographic effect of just privatizing Russian real estate, and industry and following western advice has lost maybe 30 million Russians from what the normal demographic growth would be to 2050. So the effect of neo-liberal financial policy has been more devastating to Russia than...

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The State and Local Budget Crisis

August 23, 2011
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The State and Local Budget Crisis

The cost of the 2011 cutbacks in federal spending will fall most directly on consumers and retirees by scaling back Social Security, Medicare, Medicaid and social spending programs. The population also will suffer indirectly, by lower federal revenue sharing with U.S. states and cities.

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Why America Had A 90% Income Tax

January 4, 2011
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Michael is interviewed on the Real News Network. History teaches…

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From WikiLeaks to 21st Century Potato Famines

December 9, 2010
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Professor Hudson appeared on the Renegade Economists radio show in Melbourne, Australia last Wednesday. Listen

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Adam Smith critiques the Deficit Reduction Commission

December 6, 2010
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What would Adam Smith have said about the Bowles-Simpson economic report last week? What a pity the great free marketer was not around to serve on the Deficit Reduction Commission. He not only would have rolled over in his grave, he would have risen up wielding an ax to the fiscal proposals that are...

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Hudson – Today's Financial Times Article on the Euro Debt Bomb

April 9, 2010
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This is an edited version of The Coming European Debt Wars. Greece is just the first in a series of European debt bombs about to go off. Mortgage debts in the post-communist economies and Iceland are more explosive. Although most of these countries are not in the eurozone, their debts are largely denominated in...

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Latvia’s Cruel Neoliberal Experiment

April 8, 2010
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Latvia is being devastated by two global wars. On the geopolitical front is the Cold War’s coup de grâce. Neoliberals have managed to de-industrialize Russia and the rest of the former Soviet Union, persuading parliaments to dismantle government support for economic renewal. The “Washington Consensus” has backed a policy of giving away public enterprises...

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