Ho Hum – More Trade Threats

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Does President Trump know anything about trade?    Left Out, a podcast produced by Paul Sliker, Michael Palmieri, and Dante Dallavalle, creates in-depth conversations with the most interesting political thinkers, heterodox economists, and organizers on the Left.  The Hudson Report is a new weekly series produced by Left Out with the legendary economist Michael Hudson. Every episode we cover an economic or political issue that is either being ignored—or hotly debated—that week in the press.  In this week's episode we talk about the so-called "trade war" developing between the United States and China.  Paul Sliker: Professor Hudson. Welcome back to The Hudson Report.  Michael Hudson: It's good to be here.  Paul Sliker: So the latest breaking news in economics... Washington vs. Beijing. Xi Jinping vs. Donald Trump. A trade confrontation between the two world's largest economies.  China recently responded to President Trump's initial threat ...

High Cost Economy

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Monopoly capitalism and models of resistance. This week, author Michael Hudson on Donald Trump's fake economics. It's all coming up on the Laura Flanders Show, the place where the people who say it can't be done take a back seat to the people who are doing it. Welcome. Infrastructure, we're going to start spending on infrastructure big, said Donald Trump days before he unveiled his $1.5 trillion infrastructure budget proposed by his administration, but as economists have pointed out, Trump's proposed budget requests only $200 billion in federal funds and slashes billions in transportation funding, billions more from water, energy. The rest of the funds comes, supposedly, from the private sector and states. Well, last year I talked to economist Michael Hudson about this exact thing, infrastructure. That is our roads, ...

There’s an idea – deregulate the banks!

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The Hudson Report, March 28, 2018 Left Out, a podcast produced by Paul Sliker, Michael Palmieri, and Dante Dallavalle, creates in-depth conversations with the most interesting political thinkers, heterodox economists, and organizers on the Left.  The Hudson Report is a new weekly series produced by Left Out with the legendary economist Michael Hudson. Every episode we cover an economic or political issue that is either being ignored—or hotly debated—that week in the press. The economic impact of the bipartisan bank deregulation bill Senate Republicans and Wall Street friendly Democrats recently voted in favor of rolling back banking industry regulations, including key parts of Dodd-Frank, under the guise of providing relief for struggling community banks. Professor Michael Hudson weighs in on the details of the bill and its potential economic impact. Dante Dallavalle: The Senate recently passed ...

The Hudson Report: Ep 1 Debtors Prisons 2018

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Left Out, a podcast produced by Michael Palmieri, Dante Dallavalle, and Paul Sliker, creates in-depth conversations with the most interesting political thinkers, heterodox economists, and organizers on the Left. Transcript Debtors Prisons 2018 THE HUDSON REPORT: Modern-day debtors' prisons and debt in antiquity POSTED ON MARCH 19, 2018 We're excited to announce our new weekly series called The Hudson Report with the legendary economist Michael Hudson. Every episode we'll pick Professor Hudson's brain for 10 or 15 minutes on an economic issue that is either being ignored—or hotly debated—that week in the press. Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri at Kansas City. He counsels governments around the world on finance and tax policy and has served as an economic adviser to the US, Canadian, Mexican, and Latvian ...

The Imperial President defends Wall St’s rent-seeking turf

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Trump's Tariff Travesty Will Not Re-Industrialize the US, TRNN, March 15, 2018 SHARMINI PERIES: It's The Real News Network. I'm Sharmini Peries coming to you from Baltimore. The Organization for Economic Cooperation and Development, or known as the OECD, predicted on Tuesday that Trump's tariffs on aluminum and steel imports could initiate a wave of protectionism and slow global economic growth. The tariffs have already spurred various countries to announce retaliatory measures. For example, the European Union plans to impose tariffs on Harley Davidsons and blue jeans. China has also promised to retaliate. Meanwhile, US companies that use steel and aluminum as raw materials for their production processes already report significant cost increases by as much as 40%. Joining me now to analyze Trump's tariffs is Michael Hudson. Michael is a distinguished ...

Tollbooth Trump

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The Real News Network, February 13, 2018. SHARMINI PERIES: It's The Real News Network. I'm Sharmini Peries coming to you from Baltimore. President Trump presented his infrastructure plan on Monday. The long-awaited plan proposes to spend $200 billion in federal funds over the next 10 years. This is to be complemented with another 1.3 trillion in spending from cities, states, and private investors for a total of 1.5 trillion. Another major component of the plan is to reduce red tape and approval processes so that projects are approved much faster. Here's what Trump had to say in presenting the plan. DONALD TRUMP: This morning, I submitted legislative principles to Congress that will spur the biggest and boldest infrastructure investment in American history. The framework will generate an unprecedented $1.5 to ...

Greek debt update

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Taken from a short interview with Greece's Banking News. According to the IMF, Greece's debt isn't manageable in the long-run without being either extended or forgiven. Where do you stand towards this claim? How important is the Greek debt relief? The IMF’s European research staff staff was quite correct in stating some years ago that Greece’s debt was unpayable. The staff was so upset that the head of the IMF, Dominique Strauss-Kahn, made the bailout loan anyway that they resigned and became whistle-blowers. I describe this whole incident in detail in Killing the Host. Strauss-Kahn wanted to be president of France, and therefore had to press to bail out French banks, which were the major holders of Greek bonds. Also, US President Obama and Treasury Secretary Geithner also told Angela Merkel that ...