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…and forgive them their debts

I'm very excited to announce that my next book, ...and forgive them their debts: Lending, Foreclosure and Redemption — From Bronze Age Finance to the Jubilee Year (ISLET-Verlag Dresden), will officially release this coming November 13, 2018. The pre-order page on Amazon will be available soon, and I'll make another announcement when that's up. In the meantime, you can learn more about the book below. Michael Copy for book description and advance praise: ...and forgive them their debts Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year In ...and forgive them their debts, renowned professor of economics, Michael Hudson – and one of the few who could see the 2008 financial crisis coming – takes us on an epic journey through the economies of ancient civilizations. For the past 40 ...

Life & Thought: An Autobiography

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This interview was conducted at Peking University for the Second World Conference, May 7, 2018. It was conducted by Lau Kin Chi of the Global University for Sustainability. A visual transcription is available here. I was born in Minneapolis, which is the only city in the world that was a Trotskyist city. During the 1930s it was a center of Trotskyism and my parents worked with Leon Trotsky in Mexico. When I was 3 years old my father was put in jail under the Smith Act as a political prisoner for having the works of Lenin and Marx on his shelves and for being one of the leaders of the Minneapolis general strikes from 1934 to 1936. So I grew up knowing many members of the Russian Revolution, ...

The “Next” Financial Crisis and Public Banking as the Response

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Introduction and Transcript: In this episode of The Hudson Report, we speak with Michael Hudson about the implications of the flattening yield curve, the possibility of another global financial crisis, and public banking as an alternative to the current system. Paul Sliker: Michael Hudson welcome back to another episode of The Hudson Report. Michael Hudson: It's good to be here again. Paul Sliker: So, Michael, over the past few months the IMF has been sending warning signals about the state of the global economy. There are a bunch of different macroeconomic developments that signal we could be entering into another crisis or recession in the near future. One of those elements is the yield curve, which shows the difference between short-term and long-term borrowing rates. Investors and financial pundits of all ...