The Sanctity of Debt

By Permalink

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.”