Interviews | Michael Hudson

Surprise: Corporate Junk Before Students?

By Michael Tuesday, May 25, 2021 Interviews No tags Permalink

Why is the Fed buying corporate junk bonds and debt but won’t buy out student debt? Michael Hudson on theAnalysis.news with Paul Jay. Paul Jay Hi, I’m Paul Jay. Welcome to theAnalysis.news. Thank you to everybody who has clicked the donate button. And if you haven’t, maybe you might do it this time. If you’re watching on YouTube or our website, click the share button and subscribe and we’ll be back in a second with Michael Hudson. U.S. household debt climbed to a record high of fourteen point six trillion dollars at the end of 2020 as mortgage debt surpassed 10 trillion for the first time. Now, the GDP of the United States is only around 21 trillion. Americans owe over 1.71 trillion dollars in student loan debt spread out among 44.7 million ...

The World’s Absentee Landlord

By Michael Thursday, May 13, 2021 Globalism and its Institutions, Interviews superimperialism Permalink

In this wide-ranging discussion on the Moderate Rebels podcast, Hudson addresses US sanctions on Venezuela and Iran, the policies of the Joe Biden administration, Beijing’s economic model, cryptocurrencies, and dedollarization – the potential end to the dollar as the global reserve currency. Transcript Ben Norton 0:03 Hello everyone, I’m Ben Norton. You’re watching Moderate Rebels. And there will be a podcast version of this after, for people who want to listen. We are joined today by the economist Michael Hudson, one of the most important economists in the world, honestly, in my view. I don’t think he needs introduction. He has written many books, and has been an economic adviser for multiple governments, and has a long history on Wall Street and academia. And you can find his work at Michael-Hudson.com. Today, we’re going to ...

A choice between yes please and yes thank you

By Michael Tuesday, May 11, 2021 Articles, Interviews No tags Permalink

The Radical Imagination episode with guests Michael Hudson & Jonathan Wilson-Hartgrove: April 21, 2021 (transcribed May 3, 2021): https://youtu.be/mFxc6nbnI20 Jim Vrettos:  So, Michael, Jonathan. Thank you so very, very much for being here. Jonathan, you're from... We're looking at you from North Carolina there and Michael is in Queens. You've both had tremendous influence in your respective fields. Spiritual economic activist and so on. What do you make of the contradictory statements in the news, particularly... particularly... Let's start with the idea of the movement by the Biden administration given parameters of its neoliberal roots. Do you believe that they have the commitment and vision commensurate to Roosevelt's build of economic whites in 1944 and the attempt to broaden the conception of social justice and democracy In other words, what do ...

Christian Nationalism’s Re-branding of Jesus

By Michael Monday, May 3, 2021 Interviews No tags Permalink

An interview on The Radical Imagination with Pastor Jonathan Hartgrove and host Jim Vrettos. Photo by Jacob Bentzinger on Unsplash

The Honest Sector

By Michael Thursday, April 29, 2021 Interviews No tags Permalink

Transcript Jussi: Welcome Michael. I just give a brief overview of the agenda and then I get back to you with a few questions. I just show you this picture, what we want to do today is this: Today we will get a long-term view on money debt and the economy, including the different power struggles over the ages. We start from 2400 B.C. until today. It goes through Babylonia and Sumerian time to biblical times, Roman and medieval banking, to today. That’s a quite big thing to cover but we have the right man with us: Michael. I just say a few words first. Michael has been an advisor to governments, he is an expert on financial and real estate markets and actually history too of debt and money and the economy, ...

Dream House, Nightmare Mortgage: Carry on!

By Michael Wednesday, April 7, 2021 Interviews, Real Estate and Georgism renegade economists Permalink

An interview with Australia's Renegade Economists. Karl: Listeners, it’s time to discuss with Professor Michael Hudson, the author of ‘The Bubble and Beyond’, ‘Forgive Them Their Debts’, ‘Super Imperialism’ and so many others. We’re lucky to have Michael with us yet again to continue our series of interviews and, Michael, here we are where, in Australia at least, we’ve made it through COVID, America is still being whacked by it. But our central banks, they’ve really put a lot of pressure on society, it seems like the mainstream economy is struggling, but Wall Street’s powering ahead and sitting behind that, of course, is the real estate market, which is also booming. Yes, society’s economic fragility, it’s been weighed down by high land prices and record high debts, but central banks ...

What Flavour Oligarchy?

By Michael Monday, March 29, 2021 Interviews Pepe Escobar Permalink

https://www.youtube.com/watch?v=ecElFWphOAE Ibrahima: Good morning or good evening, depending on where you are located and welcome to the Henry George School. My name is Ibrahima Drame and I'm the director of education. It's a great honor to have you with us today for another joint webinar co-organized with the International Union for Land Value Taxation with two great thinkers, Professor Michael Hudson and Pepe Escobar to discuss the emerging economic world order. I 'd like to thank Michael and Pepe for accepting to share their ideas with us my friend Alanna Hartzok co-founder of Earth Rights Institute, who will be moderating the session this morning. So, before I hand it over to Alanna, I'd like to ask all attendees to keep muted until we open the Q&A session. And of course, in the ...

The Democrats Role in Distracting with Identity Politics

By Michael Monday, February 22, 2021 Interviews economic history Permalink

Vrettos 2021 The Radical Imagination episode February 10, 2021 https://youtu.be/C8EC9c2u5OU Vrettos: 1. We're waiting to see how the rhetoric of the new Biden administration will play out in actual policies. Hudson: Biden’s long political career has been right-wing. He’s the senator from Delaware, the country’s most pro-corporate state – which is why most U.S. corporations are incorporated there. As such, he represents the banking and credit-card industry. He sponsored the regressive bankruptcy “reform” written and put into his hands by the credit-card companies. As a budget hawk, he’s rejected MMT, and also “Medicare for all” as if it is too expensive for the government to afford – thereby making the private sector afford to pay 18% of US GDP for health-insurance monopolies. Hardly by surprise, Biden has chosen cabinet members as corporate lobbyists, including ...

Multipolarity and Financial Capitalism

By Michael Wednesday, January 6, 2021 Interviews No tags Permalink

Ross Welcome to Renegade Inc. However you look at it, 2020 was a train wreck. So as we look forward to 2021, we wanted to get political and economic insight from two friends of the show. Chris Williamson and Michael Hudson share their views on what we can look out for in the new year. Ross Michael Hudson, fantastic to have you back at Renegade Inc. Michael Hudson Good to be back, Ross. Ross Michael, describe 2020 in one word. Michael Hudson In one word? The pandemic, setting the stage for homelessness. Ross Wow! what is the one thing? Because we focused hard on the negative throughout the year. What's the one thing you think has been positive or been something that's transpired from this pandemic which actually we should ...

Rentiers a bunch of gangsters

By Michael Wednesday, January 6, 2021 Interviews No tags Permalink

Michael Hudson and Pepe Escobar discuss rent and rent-seeking, i.e., unproductive economic activity, in the US and China mainly but including the Russian, Iranian and Brazilian economies. In the first 15 minutes, an overview from Michael Hudson explains what happened in the US economy once jobs and manufacturing were offshored to mainly China. He proposes that even if China did not exist, the US economy has been changed to the extent that it is almost impossible to change back to a productive economy without material changes in the economic model. Pepe keeps the conversation flowing quickly with incisive questions. The two esteemed gentlemen take a look at the Chinese view on a possible Biden administration and how the military hawks in Washington could be countered. Outlining the ‘conflict of systems’ between the ...