February, 2017 | Michael Hudson

Euphemise to Conceal

By Michael Tuesday, February 28, 2017 Interviews J is for Junk Economics Permalink

“J is for Junk Economics”: Michael Hudson on TRNN (1/5), February 27, 2017 Michael Hudson, author of the newly released J is for Junk Economics, says the media and academia use well-crafted euphemisms to conceal how the economy really works SHARMINI PERIES: It’s The Real News Network. I'm Sharmini Peries, coming to you from Baltimore. J is for Junk Economics: A Guide to Reality in the Age of Greed and Deception by Michael Hudson, that's the topic of our discussion today. Michael is joining us in our studio in Baltimore. Thanks for joining us, Michael. MICHAEL HUDSON: It’s really good to be back down here. SHARMINI PERIES: Michael Hudson is a distinguished research professor of economics at the University of Missouri, Kansas City. He's the author of many books including, "The Bubble and Beyond" and ...

Greek IMF Loan a Planned Obsolesence

By Michael Friday, February 24, 2017 Interviews Greece, IMF Permalink

https://www.youtube.com/watch?v=nEKHMuvZ4yA SHARMINI PERIES: It's The Real News Network. I'm Sharmini Peries, coming to you from Baltimore. The latest economic indicator showed that the Greek economy shrank by 0.4% in the last three months of 2016. This poses a real problem for Greece, because its lenders are expecting it to grow by 3.5% annually, to enable it to pay back on its bailout loan. Greece is scheduled to make a 10.5 billion euro payment on its debt next summer, but is expected to be unable to make that payment, without another installment from its $86 billion bailout. A growing impasse between the International Monetary Fund, and the European Central Bank, Greece's two main lenders, is threatening to push Greece into default, and pull out of the euro. Meanwhile, the Greece government told its lenders, ...

J is For Junk Economics: A Guide to Reality in an Age of Deception

By Michael Tuesday, February 21, 2017 Books No tags Permalink

PRESS RELEASE We are proud to offer the latest work from Prof. Michael Hudson, Distinguished Professor of Economics, University of Missouri at Kansas City (UMKC). A follow-on to his successful Killing the Host: How Financial Parasites and Debt Destroy the Global Economy (2015), J is for Junk Economics: A Guide to Reality in an Age of Deception is an A-to-Z guide that explains how the world economy really works – and who are the winners and losers. In more than 400 concise and acerbic entries, several essays, and a full topic index, the book covers contemporary terms that are misleading or poorly understood as well as many important concepts that have been abandoned – many on purpose – from the official economics curriculum. The lessons of history cannot be learned if we ...

Bad Lenders Make Bad Loans

By Michael Friday, February 17, 2017 Interviews No tags Permalink

“IMF Lent to Greece Knowing It Could Never Pay Back Debt,” TRNN, February 17, 2017. https://www.youtube.com/watch?v=nEKHMuvZ4yA There's a real need for international debtor rights, says economist Michael Hudson. SHARMINI PERIES: It's The Real News Network. I'm Sharmini Peries, coming to you from Baltimore. The latest economic indicator showed that the Greek economy shrank by 0.4% in the last three months of 2016. This poses a real problem for Greece, because its lenders are expecting it to grow by 3.5% annually, to enable it to pay back on its bailout loan. Greece is scheduled to make a 10.5 billion euro payment on its debt next summer, but is expected to be unable to make that payment, without another installment from its $86 billion bailout. A growing impasse between the International Monetary Fund, and the European Central ...

Fake economy

By Michael Friday, February 17, 2017 Interviews wall st Permalink

Fake prices + Fake productivity = Fake economy. My interview with Max Keiser on J is for Junk Economics in a fake news era.

Book Launch Washington, Baltimore

By Michael Thursday, February 16, 2017 Books J is for Junk Economics Permalink

J is for Junk Economics is launching in the following cities, where I will be discussing how mainstream economic vocabulary has been contorted to obscure the manner in which financial giants extract wealth from rest of the economy. This A-Z user's guide will serve as critical reading for those seeking to understand the broader economic system during this new "post-fact" era. Feb 21, 7 - 9pm: Busboys and Poets, Cullen Room, Washington DC Feb 22, 12.30 - 2pm: The Democracy Collective, Washington DC Feb 22, 7.30 - 9.30pm: Red Emma's, Baltimore

J is For Junk Economics – Order Now

By Michael Friday, February 3, 2017 Books J is for Junk Economics Permalink

Professor Hudson's companion and follow-up to KILLING THE HOST: HOW FINANCIAL PARASITES AND DEBT DESTROY THE GLOBAL ECONOMY. The new book, J IS FOR JUNK ECONOMICS is now listed on Amazon for pre-order. Special pre-publication offer: Only $24.95 (for US dollar orders) until March 1, 2017. An essential building block for society's economic literacy, the book is an A-to-Z guide to the vocabulary in use in today's tunnel-visioned, overly-mathemetized economic lexicon. It includes terms and concepts abandoned - many on purpose - from the long history of political economy. The book builds on The Economic Insider’s Dictionary listings that were so popular on this site. It explains how the world economy really works with cunning historical insight on the doublespeak we endure. Several additional essays provide key insights to today's devolving social ...