December, 2018 | Michael Hudson

Guns & Butter: The Vocabulary of Economic Deception

By Michael Friday, December 21, 2018 Articles, Interviews No tags Permalink

This is Guns and Butter, October 8, 2018. Transcript The aim of classical economics was to tax unearned income, not wages and profits. The tax burden was to fall on the landlord class first and foremost, then on monopolists and bankers. The result was to be a circular flow in which taxes would be paid mainly out of rent and other unearned income. The government would spend this revenue on infrastructure, schools and other productive investment to help make the economy more competitive. Socialism was seen as a program to create a more efficient capitalist economy along these lines. I'm Bonnie Faulkner. Today on Guns and Butter, Dr. Michael Hudson. Today's show: The Vocabulary of Economic Deception. Dr. Hudson is a financial economist and historian. He is President of the Institute for the ...

Keiser: Lifting the Debt Weight

By Michael Tuesday, December 18, 2018 Interviews No tags Permalink

Max and Stacy explore how a clean state restores economies. I follow David Graeber in the second half.

Hedges, Hudson: Debt-Forgiveness or Feudalism

By Michael Sunday, December 16, 2018 Articles No tags Permalink

A detailed perspective on my new book '…..and forgive them their debts'. Hedges pushes deep into the evolution of money and debt. The concept of a debt amnesty must be understood as an act of economic liberation. https://youtu.be/AdPukQ96vEA

FT: Wiping the slate clean: is it time to reconsider debt forgiveness?

By Michael Friday, December 14, 2018 Articles No tags Permalink

by Gillian Tett, Financial Times, December 12, 2018. (Life and Arts, p. 20, Saturday, December 15, 2018). ‘Debt is still sometimes wiped out in our modern world – through bankruptcies, defaults or sovereign debt restructuring plans – but these events are aberrations, not the norm. If you mention the word “debt”, many people will wince — especially at this time of year. For the holiday season is not just about family and festivities; it is also a bonanza of consumer spending. And when the New Year rolls around, most of us will be rueing that credit card bill. If you want to get another perspective on debt hangovers, read American economist Michael Hudson’s new book . . . and Forgive Them Their Debts: Lending, Foreclosure and Redemption from Bronze Age Finance to the Jubilee Year. In ...