Posts Tagged ‘ Washington Consensus ’

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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MMT as the Austerity Alternative

March 13, 2012
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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...

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Hudson, Keiser on 2012 Imperialism

January 29, 2012
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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.

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Background Briefing

January 19, 2012
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Michael appeared on KPFK’s Background Briefing to discuss the recent Euro downgrades and the state of the EU. What is behind the S & P downgrades? Listen to the interview.

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Europe’s Transition From Social Democracy to Oligarchy

December 6, 2011
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As first published in Frankfurter Allgemeine Zeitung The easiest way to understand Europe’s financial crisis is to look at the solutions being proposed to resolve it. They are a banker’s dream, a grab bag of giveaways that few voters would be likely to approve in a democratic referendum. Bank strategists learned not to risk...

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Democracy and Debt

December 3, 2011
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Has the Link been Broken? *This article appeared in the Frankfurter Algemeine Zeitung on December 5, 2011. Book V of Aristotle’s Politics describes the eternal transition of oligarchies making themselves into hereditary aristocracies – which end up being overthrown by tyrants or develop internal rivalries as some families decide to “take the multitude into...

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Iceland's Fair Value Vultures

November 12, 2011
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The New Bank Disaster Olafur Arnarson, Michael Hudson and Gunnar Tomasson* The problem of bank loans gone bad, especially those with government-guarantees such as U.S. student loans and Fannie Mae mortgages, has thrown into question just what should be a “fair value” for these debt obligations. Should “fair value” reflect what debtors can pay...

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Trade Theory Financialized

October 26, 2011
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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...

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Russia’s Economic Interests (Part 1)

August 2, 2011
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After the Soviet Union dissolved in 1991, most of its members followed the neoliberal advice of the IMF and World Bank – and the Harvard Boys – and simply turned over the most lucrative resources in the public domain (minerals and fuels, real estate, public utilities, hotels, transport systems, etc.) to well-connected individuals and...

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Obama's Debt Ceiling Doublespeak

July 12, 2011
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Mr. Obama has always known who has been contributing primarily to his political campaigns. We know where his loyalties lie now. And, basically, he promised change because that's what people would vote for, and he delivered the change constituency to the campaign contributors.

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