The Hard Fist of American Imperialism

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Moderate Rebels Part 2 Super Imperialism, April 2020 TRANSCRIPT - HOW THE US MAKES COUNTRIES PAY FOR ITS WARS: ECONOMICS OF AMERICAN IMPERIALISM WITH MICHAEL HUDSON | MODERATE REBELS, 24 APRIL 2020 Economist Michael Hudson explains how American imperialism has created a global free lunch, where the US makes foreign countries pay for its wars, and even their own military occupation. Max Blumenthal and Ben Norton discuss the economics of Washington’s empire, the role of the IMF and World Bank, attempts to create alternative financial systems like BRICS, and the new cold war on China and Russia. PART 2 OF 2 (Interview recorded on April 13, 2020) Part 1: “US coronavirus ‘bailout’ scam is $6 trillion giveaway to Wall St – Economist Michael Hudson explains” MICHAEL HUDSON: The World Bank has one primary aim, and that’s to ...

Another Giveaway

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TRANSCRIPT: US CORONAVIRUS 'BAILOUT' SCAM IS $6 TRILLION GIVEAWAY TO WALL ST - ECONOMIST MICHAEL HUDSON EXPLAINS 21 APRIL 2020 BY MODERATE REBELS Facing the Covid-19 pandemic, the US Congress rammed through the CARES Act — which economist Michael Hudson explains is not a “bailout” but a massive, $6 trillion giveaway to Wall Street, banks, large corporations, and stockholders.  Max Blumenthal and Ben Norton discuss the enormous financial scam with Hudson, who reveals how the economy actually works, with the Federal Reserve printing money so rich elites don’t lose their investments.  Michael Hudson, “A debt jubilee is the only way to avoid a depression,” The Washington Post, March 21, 2020 Transcript MICHAEL HUDSON: Just think of when, in the debates with Bernie Sanders during the spring, Biden and Klobuchar kept saying, ‘What we’re paying for Medicare-for-All will be ...

Due now

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An interview on Renegade Inc with Ross Ashcroft. Ross: Michael, really good to have you back on Renegade Inc. Michael Hudson: It's good to be here. Ross: Can you just give us a snapshot into what you're seeing in New York? I know that you're in quarantine at the moment. You're holed up in your bunker. Just give us an idea of what it's like over there. Michael Hudson: Well, I'm in the epicentre of the epicentre, according to the governor of New York, I'm in Queens, in Forest Hills, right next to Elmhurst, where on television they're showing lines eight hours long in the rain of people trying to get tested for Corona virus in the Elmhurst public hospital. It's a disaster area there. They show the refrigerator truck ...

The Use and Abuse of MMT

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By Michael Hudson, with Dirk Bezemer, Steve Keen and T.Sabri Öncü Michael Hudson is a research professor of Economics at University of Missouri, Kansas City, and a research associate at the Levy Economics Institute of Bard College. His latest book is “and forgive them their debts”: Lending, Foreclosure and Redemption from Bronze Age Finance to the Jubilee Year Dirk Bezemer is a Professor of Economics at the University of Groningen in The Netherlands.. Steve Keen is a Professor and  Distinguished Research Fellow at the Institute for Strategy, Resilience and Security of University College London (www.isrs.org.uk). He blogs at www.patreon.com/profstevekeen Sabri Öncü (sabri.oncu@gmail.com) is an economist based in İstanbul, Turkey Summary After being attacked by monetarists and others for many decades, MMT and the idea that running government budget deficit is stabilizing instead of destabilizing are suddenly gaining applause ...

NPR, cov-19 and “America is strapped”.

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Radio interview, NPR, April 2, 2020 What is the next step to prop up the virus-battered United States economy, even as the $2 trillion stimulus package only begins to percolate out? Well, Republicans and Democrats have returned to talking about a massive infrastructure building program that would employ lots of people. That would be a post-COVID-19 intervention. More immediately, some economists want more done to ease the debt owed by individuals, small businesses, cities, towns and states. Michael Hudson, a professor of economics at the University of Missouri at Kansas City and president of the Institute for the Study of Long-Term Economic Trends, is one of those economists. “Right now, America’s economy is strapped,” said Hudson, author of “…and forgive them their debts.” “America could have another economic miracle by writing down the ...