Post Corona Super Stimulus

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The Case for Shifting Taxes onto Land Michael Kumhof, Nicolaus Tideman, Michael Hudson and Charles A Goodhart Abstract The post-Corona economic environment puts a premium on finding fiscal means to stimulate the economy while continuing to finance current levels of expenditures and debt. We develop and carefully calibrate a model of the US economy to show that an increase in the tax rate on the value of land, balanced by decreases in the tax rates on the incomes of capital and labor, can meet this need. We find that the US share of land in total nonfinancial assets is more than 50%, so that the tax base is very large. This is corroborated by very high quality OECD data for other industrialized economies that, almost without exception, find land shares of between 40% ...

The Tight Fist of Special Interests

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TRANSCRIPT Paul Jay Hi, I’m Paul Jay. Welcome to theAnalysis.news. Please don’t forget there’s a donate button on the top of our webpage. So if you’re watching on YouTube, you could maybe come on over to theAnalysis.news and hit donate. I think there’s a link on YouTube there too. And if you’re on YouTube, you can hit the subscribe button; that would be good. Most importantly, you could share this with a few people. One of the most common comments we get is why aren’t more people watching this? It would help if there were more shares. Although a lot of people have suggested YouTube is shadow banning us, and I think it’s quite true, especially since they took down a few of our stories. And it was only after Matt Taibbi wrote ...

We Make the Rules

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Economist Michael Hudson discusses the update of his book “Super Imperialism: The Economic Strategy of American Empire” and the financial motivations behind the US new cold war on China and Russia. Hudson has published a new, third edition of his book Super Imperialism that updates his analysis for the 21st century, discussing the new cold war on China and Russia and the ongoing transition from a US dollar-dominated financialized system to a “multipolar de-dollarized economy.” Max Blumenthal and Ben Norton of Moderate Rebels spoke with Hudson about the book and how the strategy of US economic hegemony has evolved since World War One. Transcript BEN NORTON: Hello, everyone, this is Moderate Rebels live. I’m Ben Norton. As always, I’m joined by my co-host, Max Blumenthal. And today we have back one of our most popular guests, ...

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3rd Edition: Super-Imperialism

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The updated and expanded 3rd edition of Super Imperialism: The Economic Strategy of American Empire is now available. This highly respected study of U.S. financial diplomacy explores the faults built into the core of the World Bank and the IMF at their inception. Forensic detail reveals how the world's core economic functions were sculpted to preserve US financial hegemony. Difficult to detect at the time, these problems have since become explicit as the failure of the international economic order has become apparent; the IMF and World Bank were set up to give aid to developing countries, but instead many of the world’s poorest countries have been plunged into insurmountable debt crises. The book became famous for detailing how the removal of the gold standard left the world’s central banks with only ...

Piketty vs Hudson

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https://www.youtube.com/watch?v=GWT0uvBLDbo If you like the depth of this discussion, please support my new Patreon page! This debate between Michael Hudson and Thomas Piketty was held on September 23, 2021. The debate was monitored by Lynn Parramore, and introduced by David Graeber’s widow, Nika. This debate between Michael Hudson and Thomas Piketty on September 23, 2021, is available on YouTube at: https://www.youtube.com/watch?v=GWT0uvBLDbo The debate was monitored by Lynn Parramore, and introduced by David Graeber’s widow, Nika. Nika: Hi, I'm Nika. I'm David's wife. This is an event in the honor of the first anniversary of David Graeber's passing, and then the spirits of his rejection of academic arrogance, and our urgent need to get out of the crisis we are in. We set up the Art Project, so welcome to the first one of the series. Today, we ...

The Affront of Chinese Sovereignty

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Cross-posted from Renegade Inc Ross: Welcome to Renegade Inc. With China's increasing wealth, Western investors want some of the action. One of those investors is a bullish gentleman called George Soros. However, the Chinese are acutely aware that with Western investment comes inequality. So as Beijing begins to rethink how to do proper economic growth, we ask, will China learn from Western mistakes? Ross: Michael Hudson, always great to have you back on Renegade Inc. Michael Hudson: It's good to be back here. Thanks for having me. Ross: Michael, we join you at a time where a lot of people think the unipolar world could have maintained its supremacy. Turns out it hasn't. Multipolar world is here to stay. You of late have been quite vocal about George Soros, no less. ...