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# Michael Hudson

On finance, real estate and the powers of neoliberalism

## Sitemaps

- [XML Sitemap](https://michael-hudson.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [A Peculiar Grift](https://michael-hudson.com/2023/06/a-peculiar-grift/) - https://youtu.be/pEHrI_llP8I Patrick Lovell Hi, my name is Patrick Lovell, and I want to welcome you to our latest effort in this podcast that I find myself incredibly compelled to do considering the confusion that we're all in the midst of. I'm a producer of a five part docuseries known as The Con that is currently
- [Yellen's Daydream](https://michael-hudson.com/2023/06/yellens-daydream/) - Discussion by Michael Hudson with Kin Chi Lau, Global University, Hong Kong, June 5, 2023 There's a big dam on the Dnieper River that supplies all of the water to Crimea and they blow it up. Thousands of homes have been flooded. Naturally, the Ukrainians said the Russians did it. The reason that Crimea was
- [Sending Dollars Abroad ... via the Military](https://michael-hudson.com/2023/06/sending-dollars-abroad-via-the-military/) - In this week’s episode of the Radio Sputnik New Rules podcast, host Dimitri Simes Jr. speaks with economist Michael Hudson about the Biden administration's 'class war' against working Americans, why US reindustrialization efforts are unlikely to succeed, the real purpose of sanctions, and de-dollarization. The podcast was written up on Sputnik Globe. For today's episode,
- [The Dollar’s Exit Fee](https://michael-hudson.com/2026/09/the-dollars-exit-fee/) - An energy crisis could force debtor nations to choose between essential imports and dollar creditors. What would a financial system built around that choice require?
- [Keynes’s Unfinished Monetary Revolution](https://michael-hudson.com/2026/09/keyness-unfinished-monetary-revolution/) - An oil shock becomes a debt crisis, then a political rupture. The coming defaults may finally break the creditor rules built into the dollar system.
- [The Debt System That Ate The West](https://michael-hudson.com/2026/08/the-debt-system-that-ate-the-west/) - The West’s debt system is no longer financing growth. Creditor power is displacing industry, democracy, and public investment.
- [The Dollar’s Self-Expulsion](https://michael-hudson.com/2026/08/the-dollars-self-expulsion/) - Sanctions meant to protect the dollar system are driving trade elsewhere, while debt and speculation hollow out the productive economy.
- [Bankrupting the Wrong Economy](https://michael-hudson.com/2026/08/bankrupting-the-wrong-economy/) - The Iran economic war is boomeranging through oil prices, currencies and debt, placing greater pressure on the leveraged West than on Tehran.
- [The System That Cannot Admit Failure](https://michael-hudson.com/2026/08/the-system-that-cannot-admit-failure/) - Rentier capitalism protects finance, monopoly and inherited privilege while suppressing the mixed economy that once drove industrial development.
- [The Bases Became the Targets](https://michael-hudson.com/2026/08/the-bases-became-the-targets/) - American military bases are becoming strategic liabilities as arms shortages, industrial decay and economic coercion accelerate US imperial decline.
- [The Bubble Beneath the Empire](https://michael-hudson.com/2026/08/the-bubble-beneath-the-empire/) - Michael Hudson and Steve Keen explain how financialization, oil shocks and rising debt could turn inflation into a global debt-deflation crisis.
- [The Swap-Line Empire](https://michael-hudson.com/2026/08/the-swap-line-empire/) - Michael Hudson and Richard Wolff explain how the oil war could force importing nations into US-backed debt, deepen austerity and hasten de-dollarisation.
- [Trump’s Economic Waterloo](https://michael-hudson.com/2026/08/trumps-economic-waterloo/) - Michael Hudson argues that Iran’s resilience is exposing America’s military limits, financial fragility and attempt to postpone an economic reckoning until after the November elections.
- [When Allies Become Assets](https://michael-hudson.com/2026/08/when-allies-become-assets/) - The danger is no longer confined to Iran. Russia increasingly sees Ukraine as the battlefield, NATO as the combatant and European weapons factories as legitimate targets.
- [The Dollar’s Last Line of Defence](https://michael-hudson.com/2026/08/the-dollars-last-line-of-defence/) - The Imperial Objectives of America’s Oil War, from Venezuela to Iran As published at the Democracy Collective American officials are remarkably straightforward in describing their strategy to maintain U.S. imperial power. “Dollar dominance is essential,” Treasury Secretary Scott Bessent stated on June 24, 2026 in a television interview. The reason why the United States imposed
- [Global Shakedown](https://michael-hudson.com/2026/08/global-shakedown/) - The conflict with Iran is not about nuclear weapons. It is a struggle over oil, dollar dominance and whether nations can control their own trade and resources.
- [Wall Street's Two Wings](https://michael-hudson.com/2026/08/wall-streets-two-wings/) - The 2026 US midterms may expose a broken party system as Trump, corporate Democrats and grassroots socialists prepare for a deeper class conflict.
- [An Economy of Unearned Wealth](https://michael-hudson.com/2026/07/americas-economy-of-unearned-wealth/) - In this Hudson Roundtable, we examine the difference between earned income and economic rent, how banks inflate property and asset prices, why modern business cycles resemble a debt-driven Ponzi scheme, and how AI, prediction markets and financial engineering reward insiders over the real economy.
- [America’s War on an Independent World](https://michael-hudson.com/2026/07/americas-war-on-an-independent-world/) - Glen Diesen and I discuss America’s plan to control oil, AI, shipping and global payments as rivals build an independent multipolar economy.
- [The K-Shaped Collapse of the US Economy](https://michael-hudson.com/2026/07/the-k-shaped-collapse-of-the-us-economy/) - Michael Hudson and Radhika Desai explain how Trump’s MAGA economy rests on war, debt, asset bubbles and a shrinking real economy.
- [The Desperate Defense of Dollar Empire](https://michael-hudson.com/2026/07/the-desperate-defense-of-dollar-empire/) - Michael Hudson and Richard Wolff argue that the confrontation with Iran cannot be understood as another isolated Middle Eastern crisis. It is part of a wider struggle over oil, trade routes, dollar reserves and the survival of the Western-controlled financial order.
- [Gold Returns as Trust in US Debt Fades](https://michael-hudson.com/2026/07/gold-returns-as-trust-in-us-debt-fades/) - Michael Hudson and Kathleen Tyson explain why central banks are moving away from US debt, how China is building a physical gold system, and whether gold will restrain war or become its next prize.
- [The Dollar Trap Is Breaking](https://michael-hudson.com/2026/07/the-dollar-trap-is-breaking/) - Michael Hudson and Richard Wolff argue that the Iran crisis reveals a deeper shift: US military power, dollar dominance and Western control are all weakening.
- [How the Federal Reserve Learned to Love Bubbles](https://michael-hudson.com/2026/07/how-the-federal-reserve-learned-to-love-bubbles/) - Michael Hudson and Radhika Desai examine Alan Greenspan’s legacy at the Federal Reserve, the rise of central bank independence, the repeal of Glass-Steagall, and the transformation of US monetary policy into a machine for protecting Wall Street bubbles ...
- [How Slave States Blocked America’s Industrial Credit System](https://michael-hudson.com/2026/07/how-slave-states-blocked-americas-industrial-credit-system/) - Michael Hudson explains how the slave states’ defence of states’ rights reached far beyond slavery itself, shaping U.S. monetary and banking policy for more than a century.
- [The War America Cannot Admit It Lost](https://michael-hudson.com/2026/06/the-war-america-cannot-admit-it-lost/) - Michael Hudson on the Iran war, the Strait of Hormuz, de-dollarisation, oil prices, debt moratoriums and the deepening global economic crisis.
- [Iran Broke the Spell](https://michael-hudson.com/2026/06/iran-broke-the-spell/) - Michael Hudson and Radhika Desai argue that the Iran war has exposed the limits of US military, financial and oil power. They examine how rising oil prices, dollar fragility, central bank policy and global moves away from US ...
- [The Limits of Empire](https://michael-hudson.com/2026/06/the-limits-of-empire/) - Michael Hudson and Richard Wolff examine the escalating confrontation between the United States and Iran, arguing that the conflict is exposing the limits of military power ...
- [When Control Becomes the Imperial Trap](https://michael-hudson.com/2026/06/when-control-becomes-the-imperial-trap/) - Michael Hudson and Richard Wolff argue that the struggle over the Strait of Hormuz marks a turning point in the decline of US imperial control.
- [Geopathology and the Econopathology Behind it](https://michael-hudson.com/2026/06/geopathology-and-the-econopathology-behind-it/) - America’s oil war reflects a deeper pathology in US foreign policy: the rejection of sovereignty, reciprocity and international law in favour of coercive control over oil, debt, finance and trade.
- [The Last Colonial Wars](https://michael-hudson.com/2026/06/the-last-colonial-wars/) - What looks like nuclear negotiations is something older and simpler: the last gasp of a colonial order that the rest of the world is no longer willing to sustain. Richard Wolff and Michael Hudson don't pull punches on Iran, Hormuz, and what comes next.
- [BRICS Doesn’t Need a New Bancor](https://michael-hudson.com/2026/06/brics-doesnt-need-a-new-bancor/) - Michael Hudson and Kathleen Tyson discuss why the post-dollar world is not likely to be built around a single BRICS currency, but through local currency trade, gold settlement, barter, renminbi debt restructuring and new payment systems that reduce dependence on the weaponised dollar system.
- [The Petrodollar Trap Is Becoming a War Trap](https://michael-hudson.com/2026/06/the-petrodollar-trap-is-becoming-a-war-trap/) - Michael Hudson argues that the Iran war is not simply a regional conflict, but part of a wider US strategy to control global oil, energy routes and financial dependency.
- [When the Empire Becomes the Risk](https://michael-hudson.com/2026/05/when-the-empire-becomes-the-risk/) - Michael Hudson argues that the Iran war has exposed the fragility of the U.S.-led order, with oil, dollar reserves, food, finance and military security all turned into weapons. As energy markets buckle, countries face a stark choice between continued dependence on U.S. power or building a new system of trade, payments and sovereignty.
- [Why This Is Not the 1970s Again](https://michael-hudson.com/2026/05/why-this-is-not-the-1970s-again/) - Michael Hudson explains why rising interest rates, oil shocks and war spending are pushing the U.S. economy towards a debt crisis.
- [America Wanted Submission, China Offered Parity](https://michael-hudson.com/2026/05/america-wanted-submission-china-offered-parity/) - Michael Hudson and Radhika Desai argue that Trump’s Beijing trip exposed the limits of US power, with China refusing to rescue Washington from its Iran war, dollar sanctions and weakening global position.
- [The Crisis Finance Capitalism Can’t Escape](https://michael-hudson.com/2026/05/the-crisis-finance-capitalism-cant-escape/) - Michael Hudson argues that rising interest rates will not solve today’s inflation pressures, but deepen a debt crisis built by decades of financialisation. As oil shocks, refinancing costs and falling incomes collide, the West faces a choice between creditor bailouts, mass defaults and a modern debt cancellation debate.
- [Did Xi Really Trade Iran for Taiwan?](https://michael-hudson.com/2026/05/did-xi-really-trade-iran-for-taiwan/) - Michael Hudson argues that the dispute over Hormuz is not simply a military crisis, but a direct challenge to the dollar-centred oil order. In this conversation with Ali Alizadeh, he explains how Iran’s tolls, China’s Taiwan stance, BRICS financial discussions and the search for non-dollar trade settlement all point to a deeper fracture in US financial power.
- [Swap Lines, Gulf Debt and the Unravelling of Dollar Primacy](https://michael-hudson.com/2026/05/swap-lines-gulf-debt-and-the-unravelling-of-dollar-primacy/) - Michael Hudson and Radhika Desai argue that US swap lines with Gulf allies reveal a dangerous reversal in the dollar system: former petrodollar suppliers may now need bailouts.
- [Wars Are Won by Economics, Not Armies](https://michael-hudson.com/2026/05/wars-are-won-by-economics-not-armies/) - Hudson argues that oil shocks, debt fragility and military Keynesianism expose the weakness of US strategy, while pushing sanctioned nations towards self-sufficiency and accelerating the search for alternatives to dollar dominance.
- [The Return of Guns and Butter as War Spending Surges](https://michael-hudson.com/2026/05/the-return-of-guns-and-butter-as-war-spending-surges/) - A renewed guns and butter debate is overdue as reported Iran war costs obscure the true economic burden, long-term debt, and diversion of resources from social investment, with hidden expenses in military replenishment, interest payments, and global economic fallout pushing costs into the trillions.
- [How Iran Turned Oil Into the Empire’s Weak Point](https://michael-hudson.com/2026/05/how-iran-turned-oil-into-the-empires-weak-point/) - Michael Hudson and Richard Wolff explain how the Iran war has exposed the economic limits of U.S. power, with oil prices, gold flows, Gulf alliances and the Strait of Hormuz turning against Washington.
- [Wall Street’s Exit Plan Is You](https://michael-hudson.com/2026/04/wall-streets-exit-plan-is-you/) - The system now runs on debt expansion, asset inflation and financial extraction, not production or wages. Growth is sustained by rolling over liabilities and shifting risk onto households and pension funds.
- [The Ponzi Economy Is Breaking](https://michael-hudson.com/2026/04/the-ponzi-economy-is-breaking/) - Michael Hudson argues that the US economy has been turned into a Ponzi scheme, sustained by private credit, pension fund capitalism, AI speculation and financial engineering rather than productive growth.
- [Hormuz Is Leverage](https://michael-hudson.com/2026/04/hormuz-is-leverage/) - Michael Hudson explains how Iran’s control over the Strait of Hormuz has shifted global power, turning oil transit into leverage that could trigger a deep global depression if conflict escalates.
- [Strait Power](https://michael-hudson.com/2026/04/strait-power/) - Michael Hudson frames the Iran conflict as an economic standoff centred on oil flows through the Strait of Hormuz, where disruption risks triggering a global downturn and accelerating the breakdown of US-led financial power.
- [The End of Stable Energy](https://michael-hudson.com/2026/04/the-end-of-stable-energy/) - This discussion tracks how energy disruption feeds into financial instability, industrial shutdowns and a long-term shift away from US economic dominance.
- [When Control Means Disruption](https://michael-hudson.com/2026/04/when-control-means-disruption/) - Michael Hudson, Kevork Almassian and Tarik Amar argue Iran’s control of the Strait of Hormuz creates economic leverage capable of triggering global crisis and forcing a shift in world power dynamics.
- [The Blockade Bluff](https://michael-hudson.com/2026/04/the-blockade-bluff/) - Michael Hudson and Radhika Desai argue that Trump’s Iran blockade threat risks an oil shock, debt defaults, de-dollarisation and a wider global economic crisis.
- [The Oil Grab Doctrine](https://michael-hudson.com/2026/04/the-oil-grab-doctrine/) - A deep dive into how oil control, sanctions, and financial fragility are converging, as energy disruptions, debt structures, and geopolitical strategy push the global economy toward systemic rupture rather than recovery.
- [From Oil Control to System Risk](https://michael-hudson.com/2026/04/from-oil-control-to-system-risk/) - A breakdown of how energy chokepoints, currency shifts, and war strategy intersect, as oil trade routes, sanctions tactics, and reserve currency dynamics collide in a rapidly destabilising global system.
- [The Global Squeeze](https://michael-hudson.com/2026/04/the-global-squeeze/) - A wide-ranging interview examining the Iran conflict, NATO tensions and the economic drivers behind modern warfare. The discussion traces how control over oil, trade and finance shapes global strategy, while exposing the growing gap between public opinion and political leadership across Europe and the United States.
- [How Creditors Replaced Colonial Rule](https://michael-hudson.com/2026/04/how-creditors-replaced-colonial-rule/) - Michael Hudson, Anne Pettifor and Françoise Vergès trace how debt replaced colonial rule, from Haiti’s forced repayments to today’s dollar-denominated crises. As war, rising energy costs, and austerity deepen global imbalances, countries face a stark choice between creditor control or economic sovereignty.
- [Iran’s Resilience, America’s Miscalculation](https://michael-hudson.com/2026/04/irans-resilience-americas-miscalculation/) - A war framed as dominance, driven by oil, and escalating into systemic rupture. Hudson and Wolff argue this is not regional conflict but global restructuring, where energy chokepoints, financial weaponisation, and geopolitical blocs collide to reshape the world economy.
- [The Oil Shock That Could Break the Global Financial System](https://michael-hudson.com/2026/03/the-oil-shock-that-could-break-the-global-financial-system/) - The US-Israeli war on Iran has triggered the largest oil shock in history, disrupting global supply chains, driving inflation, and threatening a worldwide recession. Michael Hudson explains how control of oil ...
- [Inflation First, Deflation Next](https://michael-hudson.com/2026/03/inflation-first-deflation-next/) - Michael Hudson and Steve Keen explain how war, energy shocks and debt overload could trigger inflation in essentials, deflation across the wider economy and a deep global slump.
- [Multipolar Oil Markets Are Now a Reality](https://michael-hudson.com/2026/03/multipolar-oil-markets-are-now-a-reality/) - Hudson & Wolff argue the Iran conflict is reversing decades of US strategy, forcing reliance on sanctioned oil, destabilising petrodollar flows, and exposing financial fragility as energy shocks ripple through the global economy.
- [Iran’s Economic Counterattack Explained](https://michael-hudson.com/2026/03/irans-economic-counterattack-explained/) - Michael Hudson explains how Iran is using oil, trade routes and currency shifts to challenge US dominance, arguing the conflict is less about military action and more about control of global energy, finance and the future of the US dollar system.
- [Why This War Could Reshape the World](https://michael-hudson.com/2026/03/why-this-war-could-reshape-the-world/) - Hudson & Wolff argue that the war on Iran signals a deeper global rupture, exposing the decline of US power, the fragility of empire, and the central role of oil in a new world conflict.
- [Chaos As US Power](https://michael-hudson.com/2026/03/chaos-as-us-power/) - Michael Hudson argues that US foreign policy has shifted from industrial leadership to economic coercion, using oil, sanctions, the dollar and war to hold global power as the empire weakens.
- [War, Oil and Empire](https://michael-hudson.com/2026/03/war-oil-and-empire/) - Hudson and Wolff examine the economic and geopolitical logic behind the war on Iran, discussing oil control, the dollar system, imperial decline and rising military spending.
- [Iran's Challenge: Rewire the Region](https://michael-hudson.com/2026/03/irans-challenge-rewire-the-region/) - Iran’s strategy in the escalating Middle East conflict goes far beyond battlefield tactics. The deeper objective is to dismantle the foundations of U.S. power in the region: expel American military bases, sever economic ties with Washington, and end the petrodollar system underpinning global oil trade.
- [Rentier Capitalism and the Illusion of Growth](https://michael-hudson.com/2026/03/rentier-capitalism-and-the-illusion-of-growth/) - Michael Hudson discusses US debt, de-dollarisation, Europe’s energy crisis, stablecoins, AI-driven rent extraction, and the global split into rival trade blocs.
- [Negotiations as Cover, War as Policy](https://michael-hudson.com/2026/03/negotiations-as-cover-war-as-policy/) - A sweeping analysis of the U.S.–Israel strike on Iran and the economic chain reaction now in motion. The discussion tracks oil chokepoints, insurance and shipping risk, global balance-of-payments stress...
- [Tariff Theatre Meets Imperial Reality](https://michael-hudson.com/2026/03/tariff-theatre-meets-imperial-reality/) - Michael Hudson and Richard Wolff dissect Trump’s State of the Union, exposing tariff refunds as a windfall for corporations while consumers pay the bill.
- [Negotiation to Detonation](https://michael-hudson.com/2026/03/negotiation-to-detonation/) - Michael Hudson argues that a reported Iranian concession on uranium enrichment was overtaken by a joint US–Israeli strike, exposing deeper strategic aims over Middle Eastern oil and dollar dominance.
- [Oil Shock Looming in the Persian Gulf](https://michael-hudson.com/2026/03/oil-shock-looming-in-the-persian-gulf/) - Michael Hudson and Richard Wolff analyse escalating tensions around Iran, the Persian Gulf and the Red Sea, asking why oil markets remain subdued despite warnings of disruption in Hormuz.
- [Crisis of the Empire](https://michael-hudson.com/2026/02/crisis-of-the-empire/) - Richard Wolff and Michael Hudson assess escalating U.S. confrontation with Iran and China as symptoms of systemic decline. They point to failed tariff policies ...
- [The New Civilizational Divide: Rentier Empire vs Productive Economy](https://michael-hudson.com/2026/02/the-new-civilizational-divide-rentier-empire-vs-productive-economy/) - Michael Hudson argues that today’s crisis is not just economic but civilizational. He traces how classical political economy sought to minimize unearned income ...
- [Why GDP Flatters Finance and Hides Extraction](https://michael-hudson.com/2026/02/why-gdp-flatters-finance-and-hides-extraction/) - This interview unpacks the split between production and FIRE (finance, insurance, real estate), arguing modern capitalism is driven by asset-price gains ...
- [On Xi Jinping's Thought Volume V](https://michael-hudson.com/2026/02/on-xi-jinpings-thought-volume-v/) - Cross Posted from Patreon supporter Karloff's substack Dr. Hudson on Xi Jinping Thought: The Governance of China, Volume V Substance of Hudson's interview by China Daily READ IN APP It’s my good fortune to be able to share with Gym readers the inner workings of an email interview conducted between a China Daily writer and Dr. Michael
- [Washington’s Arctic Power Play](https://michael-hudson.com/2026/02/washingtons-arctic-power-play/) - At Davos 2026, we discuss Trump’s Greenland strategy, NATO tensions, Europe’s dilemma, and the deeper shift from US dominance to a multipolar world shaped by China and Eurasia.
- [Audiobook: Super Imperialism](https://michael-hudson.com/2026/02/audiobook-super-imperialism/) - Michael Hudson’s Super Imperialism audiobook explains how US dollar dominance and debt imperialism were engineered decades before today’s challenge to the global financial order.
- [The Hidden Architecture of the Property Crisis](https://michael-hudson.com/2026/02/the-hidden-architecture-of-the-property-crisis/) - Michael Hudson explains how housing has become a financial derivative, driven by debt, rent extraction and institutional ownership, and why a major market crash in 2026 now looks likely.
- [Press release: Super Imperialism](https://michael-hudson.com/2003/03/press-release-super-imperialism/) - How America will get Europe to finance its 2002-03 Oil War with Iraq In the 1991 Gulf War, America got its allies to bear most of the costs voluntarily. After all, U.S. diplomats asked, wasn't the war fought to protect Kuwait and the next petro-domino, Saudi Arabia, from Iraqi attack - and in the process
- [The End of Dollar Discipline](https://michael-hudson.com/2026/02/the-end-of-dollar-discipline/) - Professor Michael Hudson explains why US global power is no longer grounded in industrial strength but in coercion through oil control, sanctions, debt and NATO
- [Europe’s Cold War Trap](https://michael-hudson.com/2026/01/europes-cold-war-trap/) - Richard D. Wolff and Michael Hudson argue that Europe has entered a structural crisis with no clean exit. They talk the collapse of sanctions strategy, rising energy costs, and US pressure forcing deindustrialisation.
- [The Return of Gunboat Economics](https://michael-hudson.com/2026/01/the-return-of-gunboat-economics/) - ⁣NIMA ALKHORSHID: Hi, everybody. Today is Thursday, December 18, 2025, and our dear friends, Michael Hudson and Richard Wolff, are here with us. Michael from New York, and Richard is in Paris, in France. Welcome back. ⁣RICHARD WOLFF: Thank you. Glad to be here. ⁣MICHAEL HUDSON: (Laughing) Literally. To be there [in Paris]. ⁣NIMA
- [How Washington Uses Energy as a Weapon](https://michael-hudson.com/2026/01/how-washington-uses-energy-as-a-weapon/) - The global oil trade is a core instrument of U.S. power, underpinning dollar-based finance and coercive diplomacy.
- [Deindustrialisation Meets Coercion](https://michael-hudson.com/2026/01/deindustrialisation-meets-coercion/) - Michael Hudson argues the new US national security strategy marks a reversal of the post-1945 economic order: from multilateral rules to coercion
- [Militarizing Decline](https://michael-hudson.com/2025/11/militarizing-decline/) - Richard Wolff and Michael Hudson argue that Europe’s economic decline is largely self-inflicted, driven by its decision to sever cheap Russian energy ...
- [The Treasury-Bond Trap: How Empires Fund Military Reach](https://michael-hudson.com/2025/12/the-treasury-bond-trap-how-empires-fund-military-reach/) - Michael Hudson and Richard Wolff argue the new US national security strategy implicitly concedes a world the US can no longer dominate ...
- [Winning the War, Fighting the Memory](https://michael-hudson.com/2025/11/winning-the-war-fighting-the-memory/) - Michael Hudson argues the US 28-point Ukraine “peace” plan is a propaganda document designed to control public interpretation of the war, not end it.
- [The Party Machines Lose](https://michael-hudson.com/2025/12/the-party-machines-lose/) - Zohran Mamdani’s New York victory lands as a national warning shot: young voters abandoning establishment Democrats, donor politics exposed, and a new fault line opening around oligarchy, war, and party control.
- [When Usury Became Doctrine](https://michael-hudson.com/2025/05/when-usury-became-doctrine/) - Logo Daedalus, READ BOOKS VLT. Interview https://www.youtube.com/watch?v=9Yx_EexvJTg&t=1s April 24th, 2025 LOGO DAEDALUS: Well, I just wanted to say thank you. First off, your books have been extremely important to me. I've done, I think, some good work in helping to popularize them on Twitter or X, I guess we're calling it these days. But when
- [How U.S. Security Became a Global Risk](https://michael-hudson.com/2025/12/how-u-s-security-became-a-global-risk/) - A dissection of the United States’ new National Security Strategy, arguing that America’s pursuit of security through global control is accelerating de-dollarisation, fragmenting Europe.... .
- [Frozen Russian Assets, Real European Fallout](https://michael-hudson.com/2025/12/frozen-russian-assets-real-european-fallout/) - Europe’s economic crisis is increasingly driven by political decisions rather than market forces .... examines EU energy policy, frozen Russian assets, ....
- [The Ceasefire Charade](https://michael-hudson.com/2025/12/the-ceasefire-charade/) - An analysis of why the so-called US–NATO ceasefire proposal functions as a political narrative rather than a genuine peace initiative.
- [Cowboy Capitalism in Central Asia](https://michael-hudson.com/2025/11/cowboy-capitalism-in-central-asia/) - Michael Hudson and Richard Wolff unpack Trump’s 35b dollar Central Asia push, Chevron’s ecocide, BRICS vs G7 and AI fake videos stealing their work.
- [Rentier Rule of Law: Why Central Asia Was Set Up to Fail](https://michael-hudson.com/2025/11/rentier-rule-of-law-why-central-asia-was-set-up-to-fail/) - After 1991, Central Asia’s “reforms” delivered kleptocracy, dollar debts, and rentier law. A clear account of how asset grabs and usury stalled development.
- [The Strange Case of Europe’s Decline](https://michael-hudson.com/2025/11/the-strange-case-of-europes-decline/) - Michael Hudson argues that EU leaders are driving deindustrialisation via asset seizures, a tech war with China and shifting Europe from social democracy to finance-led militarism.
- [Municipal Socialism Meets Donor Politics](https://michael-hudson.com/2025/11/municipal-socialism-meets-donor-politics/) - Hudson & Wolff argue Mamdani’s New York win exposes a donor-driven party system, heightens US Zionism fault lines, and collides with Trump’s debt squeeze, risking fiscal crises and political backlash.
- [Asia Rewires Trade While Washington Grandstands](https://michael-hudson.com/2025/11/asia-rewires-trade-while-washington-grandstands/) - China offers optics, not concessions, as Asia builds trade independence while U.S. policy serves rentiers over real industry. Hudson & Wolff at it again.
- [From Safe Haven to Seizure Risk](https://michael-hudson.com/2025/10/from-safe-haven-to-seizure-risk/) - If Washington and Brussels can seize sovereign reserves, what wealth is safe in Western custody? Michael Hudson and Richard Wolff unpack the gold surge, why BRICS needs a clearing union more than a new currency,
- [GDP Without Goods: The Rentier Mirage](https://michael-hudson.com/2025/10/gdp-without-goods-the-rentier-mirage/) - Neoliberalism blurred the line between output and overhead. In this conversation, Michael Hudson shows how land, monopoly, and financial incomes were reclassified as “growth,” why that distorts GDP, and how it fed deindustrialization.
- [Managed Democracy?](https://michael-hudson.com/2025/10/managed-democracy/) - The economists link election meddling, social media control and BRICS resilience—arguing U.S. hegemony now runs on narrative and coercion.
- [Hegemony’s Last Stand](https://michael-hudson.com/2025/10/hegemonys-last-stand/) - Michael Hudson and Richard Wolff debate whether U.S. overreach ends in negotiation or catastrophe, from nuclear risk, multipolar realignment, class war at home, oil and dollar strategy ...
- [The Narrative Battlefield](https://michael-hudson.com/2025/10/the-narrative-battlefield/) - Trump tells Fox “make people love Israel again.” Michael Hudson argues Gaza is NATO’s war and the real fight is the “ninth front”: control of the narrative—platforms, algorithms, donors, and universities.
- [How A Nation Makes Money in Their Sleep](https://michael-hudson.com/2025/10/how-a-nation-makes-money-in-their-sleep/) - https://www.youtube.com/watch?v=7VCsf_sKKXs *** To understand the topic of this discussion, please read Michael's Trade, Development and Foreign Debt. 2025.09.04 ⁣KARL FITZGERALD: All right. Welcome everyone, to another Patreon Q&A gathering with Michael Hudson, the Hudson Roundtable, where we're lucky to be joined by Professor Michael Hudson, the world's leading critic of neoliberalism, debt, and the need
- [Libertarian Fantasy, Police State Reality](https://michael-hudson.com/2025/10/libertarian-fantasy-police-state-reality/) - .. pits Michael Hudson and Richard Wolff’s analyses against U.S. overreach: tariffs that stall reshoring, austerity for social services, and militarized domestic control - asking whether Washington escalates toward wider war or negotiates a retreat from a fading unipolar order.
- [Stability for Whom?](https://michael-hudson.com/2025/10/stability-for-whom/) - Inspire Us Podcast – S6 EP5 Broadcast Date: Wednesday, August 20 This transcript is from the Inspire Us Podcast S6 EP5, recorded with Professor Michael Hudson. We are two Master’s students in Development Economics based in London, and through our podcast we explore global political economy, development, and critical perspectives on pressing issues. The episode
- [Who Plans the Economy?](https://michael-hudson.com/2025/10/who-plans-the-economy/) - RADHIKA DESAI: Hello and welcome to a new season of Geopolitical Economy Hour, the show that explores the fast-changing political and geopolitical economy of our time. We are beginning this new season with our 50th episode. I'm Radhika Desai, and joining me today is one of our regulars and favorites, indeed, the person with
- [J is For Junk Economics: A Guide to Reality in an Age of Deception](https://michael-hudson.com/2017/02/j-is-for-junk-economics-a-guide-to-reality-in-an-age-of-deception/) - Prof Michael Hudson's new book on the contortions in economic language that distract from the natural advantages some activities have over the rest.
- [Cascading Policy Failures Undermine Empire](https://michael-hudson.com/2025/10/cascading-policy-failures-undermine-empire/) - ⁣NIMA ALKHORSHID: Hi everybody. Today is Thursday, September 18, 2025, and our friends Michael Hudson and Richard Wolff are back with us. Welcome back. ⁣RICHARD WOLFF: Glad to be here. ⁣NIMA ALKHORSHID: Michael, you told me that you watched my talk with Scott Ritter about the defense budget, and all of that. What's your
- [The Fascist Protection Racket: Tribute States](https://michael-hudson.com/2025/09/the-fascist-protection-racket-tribute-states/) - https://www.youtube.com/watch?v=PCDcpc2UNTE ⁣GLENN DIESEN: Hi everyone and welcome back. I'm very pleased today to be joined again by Michael Hudson, professor of political economy, to discuss US economic coercion against allies. So welcome back to the program. ⁣MICHAEL HUDSON: It's good to be back Glenn. ⁣GLENN DIESEN: So there is this interesting development. I mean my
- [The Great Soybean Divorce: How China Moved On from America](https://michael-hudson.com/2025/09/the-great-soybean-divorce-how-china-moved-on-from-america/) - Trump’s policies are destroying key elements of U.S. economic prosperity Trump has created a crisis for U.S. agriculture with his Cold War weaponization of foreign trade with China and Russia, for manufacturing as a result of his steel and aluminum tariffs, for consumer price inflation mainly from his tariffs, and for affordable housing with his
- [Late-Stage Barbarism Meets a Mixed-Economy Bloc](https://michael-hudson.com/2025/09/late-stage-barbarism-meets-a-mixed-economy-bloc/) - https://www.youtube.com/watch?v=x6f2xT3MBjM ⁣NIMA ALKHORSHID: Hi everybody, today is Thursday, September 11, 2025, and our friends Michael Hudson and Richard Wolff are back with us. Welcome back. ⁣RICHARD WOLFF: Glad to be here. ⁣NIMA ALKHORSHID: Richard, let's start with what has happened in the United States, which somehow was shocking. Charlie Kirk was shot dead when he
- [From Unipolar Dreams to Dual Systems](https://michael-hudson.com/2025/09/from-unipolar-dreams-to-dual-systems/) - https://www.youtube.com/watch?v=PF29VmZnZok ⁣NIMA ALKHORSHID: Hi everybody. Today is Thursday, September 4, 2025, and our friends Richard Wolf and Michael Hudson are back with us. Welcome back, Richard and Michael. ⁣RICHARD WOLFF: Glad to be here. ⁣NIMA ALKHORSHID: We had a summit in China, SCO [Shanghai Cooperation Organization] summit, which was huge: India, Russia, China, coming together.
- [When Most of the World Says No](https://michael-hudson.com/2025/09/when-most-of-the-world-says-no/) - Glenn Diesen September 2 2025 Eurasian World Order. ⁣GLENN DIESEN: Hi everyone and welcome back. We are joined today by Michael Hudson, one of the world's great political economists, to discuss the development of a multipolar international economic system indeed being built as we speak in China. So welcome back to the program. ⁣MICHAEL
- [Trump’s Tariff Wars Hit Europe, Korea & Japan](https://michael-hudson.com/2025/09/trumps-tariff-wars-hit-europe-korea-japan/) - Most discussion of the past week’s SCO and BRICS meetings understandably have focused on the rising strength of their multilateral alternative to America’s attempt to impose its unipolar world control under its own rules calling for other countries’ subordination to U.S. demands to concentrate all the gains from trade and international investment in its own
- [The Day the Dollar Blinked](https://michael-hudson.com/2025/09/the-day-the-dollar-blinked/) - SCO and BRICS 2025 Eurasia’s Re-alignment in the face of Late Stage Barbarism The Shanghai Cooperation Organization’s meetings in China last week (September 2 and 3) took a remarkable step forward in defining how the world will be dividing into two great blocks as Global Majority countries seek to free their economies not only from
- [From Free Lunch to Forced Tribute](https://michael-hudson.com/2025/09/from-free-lunch-to-forced-tribute/) - 2025.08.28 – Dialogue Works https://www.youtube.com/watch?v=3djLz2IEeqA ⁣NIMA ALKHORSHID: Hi everybody, today is Thursday, August 28, 2025, and our friends Richard Wolff and Michael Hudson are back with us. Welcome back, Richard and Michael. ⁣RICHARD WOLFF: Glad to be here. ⁣MICHAEL HUDSON: Yeah. ⁣NIMA ALKHORSHID: Let me start with what Donald Trump said in terms of how
- [Rome’s Arc, America’s Echo](https://michael-hudson.com/2025/09/romes-arc-americas-echo/) - Letters & Politics - KPFA MITCH JESERICH: Good day and welcome to Letters and Politics. I'm Mitch Jeserich. Today we return to the topic of the ancient world for a conversation about how economic forces shaped ancient societies and how they may have brought on their collapse. My guest for this is economist Michael
- [NATO Shifts to New Fronts](https://michael-hudson.com/2025/08/nato-shifts-to-new-fronts/) - 2025.08.21 – Dialogue Works https://www.youtube.com/watch?v=sCOuLCFNplY NIMA ALKHORSHID: Hi, everybody. Today is Thursday, August 21, 2025, and our friends Richard Wolff and Michael Hudson are back with us. Welcome back. RICHARD WOLFF: Glad to be here. NIMA ALKHORSHID: Michael, I want to start with you. You believe that the outcome of those two meetings between the
- [Hudson & Wolff: NATO’s Defeat in Ukraine](https://michael-hudson.com/2025/08/hudson-wolff-natos-defeat-in-ukraine/) - https://www.youtube.com/watch?v=b3d8JNQ517s NIMA ALKHORSHID: Hi, everybody. Today is Thursday, August 14, 2025, and our friends, Richard Wolff and Michael Hudson, are back with us. Welcome back. Let me start, Michael, with you. You believe that Donald Trump is going to the meeting to declare war on Russia instead of making a deal with Russia. What's your
- [America's Free Lunch Economy](https://michael-hudson.com/2025/08/americas-free-lunch-economy/) - August 10 2025, Landlords taking over society Transcript (Introduction) BEN NORTON: Landlords are taking over society. For many average working people, it has become impossible to buy a house. And the cost of renting housing has become prohibitively expensive. This problem is especially bad in the United States. But it’s not only a problem in
- [Dollar on the Brink](https://michael-hudson.com/2025/08/dollar-on-the-brink/) - https://www.youtube.com/watch?v=mTG-RzKdGKE NIMA ALKHORSHID: Hi everybody. Today is Thursday, July 24, 2025, and our friends Richard Wolff and Michael Hudson are back with us. RICHARD WOLFF: Good to be here. NIMA ALKHORSHID: I want to start with what's going on with a new article in the Financial Times, but before going there, here is what
- [Von der Leyen’s Surrender](https://michael-hudson.com/2025/08/von-der-leyens-surrender/) - https://www.youtube.com/watch?v=hMDWBpFrOzA NIMA ALKHORSHID: Hi everybody, today's Thursday, July 31st, 2025, and our friend Michael Hudson is back with us. We don't know if Richard is going to join us yet because it seems that there is a problem in New York City with the energy and the internet. And let's see if he can join
- [Europe Just Got Trumped—Again](https://michael-hudson.com/2025/08/europe-just-got-trumped-again/) - https://www.youtube.com/watch?v=eVoPoX6KTXg GLENN DIESEN: Hi everyone and welcome back. We are joined again today by Professor Michael Hudson, excellent economist and a prolific writer to discuss this trade agreement between the European Union and the United States, whether or not this signifies further subordination by the European Union. So yeah, welcome back to the programme. MICHAEL
- [The MAGA Mirage](https://michael-hudson.com/2025/07/the-maga-mirage/) - [Intro] RADHIKA DESAI: Trump always essentially cherry-picks the evidence. He picks all the statistics that make him look good. And what's worse, even when there is some disaster, he acts as though he's kind of one. MICHAEL HUDSON: The stock market is not a mirror of the economy, but it's something that
- [From Hammurabi to Hedge Funds](https://michael-hudson.com/2025/07/from-hammurabi-to-hedge-funds/) - https://youtu.be/pplrFx0ThYY?feature=shared Jonathan: Michael, welcome back to the podcast. Michael Hudson: Well, it's good to be back. Thanks for having me. Jonathan: Michael, I know we've rereleased a podcast that you did three years ago and the remarkable predictions that you made, just as the Ukraine, Russia conflict was getting going. Before we do that though,
- [A Precondition for Economic Sovereignty](https://michael-hudson.com/2025/07/a-precondition-for-economic-sovereignty/) - An excerpt from Michael's upcoming book on Medieval debt crusades. Industrial capitalism was revolutionary in its fight to free Europe’s economies and parliaments from the hereditary privileges and vested interests that survived from feudalism. To make their manufactures competitive in world markets, industrialists needed to end the land rent paid to Europe’s landed aristocracies, the
- [Isolation Economics](https://michael-hudson.com/2025/07/isolation-economics/) - https://www.youtube.com/watch?v=IS3na0p2hYY NIMA ALKHORSHID: Let me start with a clip from an interview that the New York Times did with Mandy Patinkin, about the situation with Israel and Netanyahu and right-wing parties. DAVID MARCHESE (CLIP 1): Are you thinking or feeling any differently about what it means for you to be Jewish in this moment? MANDY
- [The Challenge to Dollar Hegemony and Global Debt](https://michael-hudson.com/2025/07/the-challenge-to-dollar-hegemony-and-global-debt/) - 07.17.2025 – Glenn Diesen https://www.youtube.com/watch?v=8avSepk1qxw GLENN DIESEN: We are joined today by Professor Michael Hudson, world-famous and best-selling economist. So welcome back to the program. MICHAEL HUDSON: Well, thanks for having me back, Glenn. GLENN DIESEN: So recently, the Secretary of State, Marco Rubio, explained that the post-war global order is not just obsolete,
- [BRICS vs. the Rentier Economy](https://michael-hudson.com/2025/07/brics-vs-the-rentier-economy/) - https://www.youtube.com/watch?v=YnzTbqELDHg 07.10.2025 NIMA ALKHORSHID: Hi everybody. Today is Thursday, July 10, 2025, and our friends Richard Wolff and Michael Hudson are back with us. Welcome back. RICHARD WOLFF: Glad to be here. NIMA ALKHORSHID: Let me start, Michael, with what's going on with BRICS here in Rio de Janeiro. They've started the summit and they
- [The End of the Theater: Voters Versus the War Party](https://michael-hudson.com/2025/07/the-end-of-the-theater-voters-versus-the-war-party/) - Dialogue Works 2025.06.26 NIMA ALKHORSHID: Hi, everybody. Today is Thursday, June 26, 2025, and our friends Michael Hudson and Richard Wolff are back with us. Welcome back. RICHARD WOLFF: Glad to be here. NIMA ALKHORSHID: I'm going to start, Michael, with what has happened in the Middle East: the new confrontation between Iran and
- [Why America No Longer Makes Its Own Future](https://michael-hudson.com/2025/07/why-america-no-longer-makes-its-own-future/) - Dialogue Works https://www.youtube.com/watch?v=-5vl79OTfzY NIMA ALKHORSHID: Hi, everybody. Today is Thursday, July 3rd, 2025, and our friends, Richard Wolf and Michael Hudson, are back with us. Welcome. RICHARD WOLFF: Glad to be here. NIMA ALKHORSHID: I want to start, Michael, with you and the “Big Beautiful Bill” of Donald Trump. We could manage to do something
- [The War Beneath the War](https://michael-hudson.com/2025/07/the-war-beneath-the-war/) - War on Iran is part of the US empire’s larger attempt to re-impose its unipolar dominance on the global political and financial system, argues economist Michael Hudson. Washington wants to preserve dollar hegemony and the petrodollar, while disrupting BRICS and Eurasian integration with China and Russia. Hudson explained this in the following interview with Geopolitical
- [The Strategic Empire: Debt & the Dollar](https://michael-hudson.com/2025/06/the-strategic-empire-debt-the-dollar/) - GLENN DIESEN: Hi everyone and welcome. Today we are joined by Michael Hudson, Professor of Economy, to discuss the strategies for the American Empire. Now when we look at empire, we often tend to look at military capabilities and deployment but, as we know, empires also require an economic foundation. So to explore this, we're
- [The Utopian Gilded Age?](https://michael-hudson.com/2025/06/the-utopian-gilded-age/) - March 20, 2025 The Quarterly Q&A with our Patreon Supporters Episode #15 KARL FITZGERALD: Welcome everyone to another Patreon Q&A session with Michael and his beloved Patreon supporters. We're with Michael Hudson, renowned author, Wall Street analyst, and seer of modern times. Michael, I wanted to sort of frame this conversation. I love reading Substack
- [Hostage to the Petrodollar: How Oil Wealth Fuels U.S. Empire](https://michael-hudson.com/2025/06/hostage-to-the-petrodollar-how-oil-wealth-fuels-u-s-empire/) - 2025.06.19 NIMA ALKHORSHID: Hi everybody. Today is Thursday, June 19th, 2025, and our friends Richard Wolff and Michael Hudson are back with us. Welcome back. RICHARD WOLFF: Good. Glad to be here. NIMA ALKHORSHID: Let's start, Richard, with you. What's going on in the Middle East between Iran and Israel? The United States had decided
- [From Empire to Exit](https://michael-hudson.com/2025/06/from-empire-to-exit/) - Why the Global South Is Rejecting America’s Rentier Capitalism 2025.06.19 – Glenn Diesen GLENN DIESEN: Hi everyone and welcome. Today we are joined by Michael Hudson, Professor of Economy, to discuss the strategies for the American Empire. Now when we look at empire we tend often to look at military capabilities and deployment but as
- [Why America is at War with Iran](https://michael-hudson.com/2025/06/why-america-is-at-war-with-iran/) - The Neocon logic for needing to defeat Iran and break it into ethnic parts Opponents of the war with Iran say that the war is not in American interests, seeing that Iran does not pose any visible threat to the United States. This appeal to reason misses the Neocon logic that has guided U.S. foreign
- [How the Draft Dilemma has Shaped Modern Warfare](https://michael-hudson.com/2025/06/how-the-draft-dilemma-has-shaped-modern-warfare/) - 2025.06.12 – Dialogue Works NIMA ALKHORSHID: Hi, everybody. Today is Thursday, June 12, 2025, and our friends Richard Wolff and Michael Hudson are back with us. Welcome back, Richard, Michael. RICHARD WOLFF: Glad to be here. NIMA ALKHORSHID: Let me start with what Tulsi Gabbard published yesterday, which is so important when it comes to
- [Understanding the Great Rip Off](https://michael-hudson.com/2025/06/understanding-the-great-rip-off/) - Quarterly Q & A June 13, 2025 Please support Michael's work by becoming a Patreon supporter. KARL FITZGERALD: Michael, it's so great to see you. We're all so enthusiastic about this meeting, so we're glad you got here. Okay, let's get into it. MICHAEL HUDSON: We have seven minutes left to discuss the
- [The Long Goodbye to Empire](https://michael-hudson.com/2025/06/the-long-goodbye-to-empire/) - Dialogue Works https://www.youtube.com/watch?v=kbX527V0SS8 NIMA ALKHORSHID: Hi, everybody. Today is Thursday, June 5, 2025, and our friends Richard Wolff and Michael Hudson are back with us. Welcome. RICHARD WOLFF: Glad to be here. NIMA ALKHORSHID: Let's get started with Lindsey Graham and his latest visit to Ukraine. Not only Lindsey Graham, Blumenthal, and Mike Pompeo
- [Marx was a Free Marketeer](https://michael-hudson.com/2025/06/the-value-war/) - https://www.youtube.com/watch?v=loxwfNQw17o&t=1376s NIMA ALKHORSHID: Hi everybody. Today is Thursday, May 29, 2025 and our friends Richard Wolf and Michael Watson are back with us. Welcome back. RICHARD WOLFF: Glad to be back. Thank you. NIMA ALKHORSHID: Michael, let's get started with you. How is the current global fracture between the Western economies and the
- [The Economics of Reality: How Finance Dominates Production and Rents Overshadow Profits](https://michael-hudson.com/2001/03/the-economics-of-reality-how-finance-dominates-production-and-rents-overshadow-profits/) - The Economics of the Future Wagner's Music of the Future - his "total art work" - sought to integrate music and drama (along with art, dance and poetry). In a similarly broad way, the economics of the future will integrate finance and production, thereby restoring the lost link (as drama had been lost to most
- [Beyond Surface Economics: The Case for Structural Reform](https://michael-hudson.com/2024/11/beyond-surface-economics-the-case-for-structural-reform/) - Erhardt on Marxism History - Wolff and Hudson Oct 6 2024 Michael Hudson & Richard Wolff: Karl Marx and the Fall of the West https://www.youtube.com/watch?v=r6Ovguv1BSA Robinson Erhardt: Rick and I have spent a lot of time talking about Marx. You and I haven't, Michael. So I just wanted to start with this, though Rick,
- [Contesting the Corontation of the Rentier](https://michael-hudson.com/2024/11/contesting-the-corontation-of-the-rentier/) - https://youtu.be/B5Z66HtjLRA FAQ: Q: What should I invest in? A: Michael is not an investment advisor and does not give investment advice. September 5, 2024 KARL FITZGERALD: Welcome everyone to another Quarterly Q&A Gathering here with Michael Hudson's Patreon supporters. We are so appreciative of the support that comes through for Michael and it's really helping
- [Simon Patten on Public Infrastructure and Economic Rent Capture](https://michael-hudson.com/2011/10/simon-patten-on-public-infrastructure-and-economic-rent-capture/) - Michael Hudson on the influence of Simon Patten, first economics professor at Wharton.
- [An Autobiographical on Economic Rent and Exploitation](https://michael-hudson.com/2022/06/economic-rent-and-exploitation/) - Settle in for this interview. Michael Hudson, Shepheard Walwyn recording May 23, 2022 Part one https://www.youtube.com/watch?v=XDo7HykYN9k Part two here. https://www.youtube.com/watch?v=I-xWgLertkg Jonathan Brown Michael, welcome to the podcast. Michael Hudson It's good to be here. I'm looking forward to it. Jonathan Brown Michael, I think you have one the most extraordinary upbringings and journeys into economics.
- [Sanctions and Shell Games](https://michael-hudson.com/2025/05/sanctions-and-shell-games/) - Transcription – 2025.05.22 Michael Hudson: The Secret Pact That Set Off a Global Economic FIRESTORM! NIMA ALKHORSHID: Hi, everybody. Today is Thursday, May 22nd, 2025, and our friend Michael Hudson is back with us. Welcome back, Michael. MICHAEL HUDSON: Good to be here. NIMA ALKHORSHID: Michael, I want to start with a (not) new way
- [The Price of Allegiance](https://michael-hudson.com/2025/05/the-price-of-allegiance/) -  2025.05.21 GLENN DIESEN: Hi everyone and welcome. I am very pleased today to be joined by Professor Michael Hudson, a very prominent economist and also author of some of the truly great books on political economy. So, thank you for being back on the program. MICHAEL HUDSON: Well, thanks for having me, Glenn. GLENN
- [The Deal That Sold Out Europe](https://michael-hudson.com/2025/05/the-deal-that-sold-out-europe/) - Dialogue Works: 2025.05.15 NIMA ALKHORSHID: Hi, everybody. Today is Thursday, May 15, 2025, and our friend Michael Hudson is back with us. Welcome back, Michael. MICHAEL HUDSON: Good to be here. NIMA ALKHORSHID: Michael, let's talk about what's going on between the United States and the United Kingdom. In your opinion, how is Britain
- [Ceasefires for Sale: When War Becomes Business](https://michael-hudson.com/2025/05/ceasefires-for-sale-when-war-becomes-business/) - Transcription – 2025.05.01 – Dialogue Works https://www.youtube.com/watch?v=NNHBd5t-rk0 NIMA ALKHORSHID: Hi, everybody. Today is Thursday, May 1st, 2025, and our friends Richard Wolff and Michael Hudson are here. Welcome back. RICHARD WOLFF: Glad to be here. NIMA ALKHORSHID: Richard, what's the importance of today? And you mentioned before coming on live, and I think you have
- [Sovereignty in the Ancient Near East](https://michael-hudson.com/2015/04/sovereignty-in-the-ancient-near-east/) - Professor Michael Hudson interviewed on the tensions to the social contract in the Ancient Near East amidst threats to sovereignty by finance.
- [Beyond Leeching](https://michael-hudson.com/2015/09/beyond-leeching/) - Michael Hudson on the Wall St formula with Somali on Uprising
- [Rewriting Economic Thought](https://michael-hudson.com/2015/10/rewriting-economic-thought/) - Prof Michael Hudson on CounterPunch radio discussing how economic theory was rewritten to avoid Killing the Host.
- [The Imperial President Defends Wall St's Rent-Seeking Turf](https://michael-hudson.com/2018/03/the-imperial-president-defends-wall-sts-rent-seeking-turf/) - Prof Michael Hudson breaks down the crossed-wires behind protectionist trade policy amidst rent-seeking turf incursions on US soil. Fascinating discussions on TRRN.
- [Counterpunch Smash n Grab Economics](https://michael-hudson.com/2015/09/counterpunch-smash-n-grab-economics/) - MIchael Hudson on Counterpunch radio discussing the issues that matter, the economic warfare undermining our freedoms.
- [The Inversion of Classical Economics](https://michael-hudson.com/2016/03/the-inversion-of-classical-economics/) - Michael Hudson with Chris Hedges on why rentier income must be analysed as a destructive component of GDP.
- [Killing the Host - the book](https://michael-hudson.com/2015/09/killing-the-host-the-book/) - Michael Hudson's best work yet on making sense of the economic inequality inbuilt into our pricing system. Read this to make sense of the nightly news!
- [Digital Empires and the Ghosts of the Gilded Age](https://michael-hudson.com/2025/04/digital-empires-and-the-ghosts-of-the-gilded-age/) - https://www.youtube.com/live/JmAeVwCJWoU?si=7-XZXz14SQeSaNlK https://davidgraeber.institute/wp-content/uploads/sites/7/2025/04/IMG_9217.jpg Nika Dubrovsky: Hi everyone. It’s a real honor to welcome you on behalf of the David Graeber Institute. We’re especially grateful to our speakers — many of whose work aligned closely with David’s thinking and values — for joining us to reflect on how radically our world is changing. It’s in this spirit
- [Two Dolls, One Empire](https://michael-hudson.com/2025/05/two-dolls-one-empire/) - Transcription – 2025.05.01 – Dialogue Works NIMA ALKHORSHID: Hi, everybody. Today is Thursday, May 1st, 2025, and our friends Richard Wolff and Michael Alton and Mark Dydas. Welcome back, Richard. Nice. Glad to be here. Yeah. Richard, today, what's the importance of today? And you mentioned before coming on live, and I think you have
- [...and forgive them their debts](https://michael-hudson.com/2018/08/and-forgive-them-their-debts/) - Michael Hudson's new book - revealing the real meaning behind Jesus proclaimations.
- [The Destiny of Civilization](https://michael-hudson.com/2022/05/the-destiny-of-civilization/) - “The decline of the West is not necessary or historically inevitable. It is the result of choosing policies dictated by its rentier interests. … The threat posed to society by rentier interests is the great challenge of every nation today: whether its government can restrict the dynamics of finance capitalism and prevent an oligarchy from
- [Empire Without Returns](https://michael-hudson.com/2025/05/empire-without-returns/) - Transcription – 2025.05.08 – Dialogue Works NIMA ALKHORSHID: Hi, everybody. Today is Thursday, May 8th, 2025, and our friends, Michael Hudson and Richard Wolff, are back with us. Welcome back. RICHARD WOLFF: Thank you. Glad to be here. NIMA ALKHORSHID: Let's get started with what the U.S. Treasury Secretary Bessent said about the conflict in
- [From Clean Slates to Debt Traps](https://michael-hudson.com/2025/05/from-clean-slates-to-debt-traps/) - Devika Dutt & David Adler in conversation with Michael Hudson [Transcription] DGI May 2, 2025 Nika Dubrovsky: Hello everyone. So this is the David Graeber Institute and we are working with David's archive and preparing his work for publication. Each month we host a dialogue on debt inspired by the work of David Graeber and
- [When Tariffs Replace Strategy](https://michael-hudson.com/2025/04/when-tariffs-replace-strategy/) - Transcription – 2025.04.23 – Danny Haiphong https://www.youtube.com/live/oWiek-kVHB0?feature=shared 218K views as of April 26 DANNY HAIPHONG: Welcome to another live stream. It's your host, Danny Haiphong. Hit the like button as you come on the program and we're about to get started. Before our guests come on, I want to introduce what is at play here:
- [Will Trump’s Tariff Games Backfire?](https://michael-hudson.com/2025/04/will-trumps-war-games-backfire/) - Donald Trump’s tariffs are benefiting rich elites at the expense of the majority of the population, argues economist Michael Hudson. He explains how the US trade war on China is isolating the United States and encouraging countries to seek alternatives. Ben Norton hosts the interview. https://www.youtube.com/watch?v=jGsLDQQuzU0 Transcript (Intro) BEN NORTON: Why has US President Donald
- [Trump’s Inverted View of America’s Tariff History](https://michael-hudson.com/2025/04/trumps-inverted-view-of-americas-tariff-history/) - This article is based on America’s Protectionist Takeoff, 1815-1914: The Neglected American School of Political Economy (ISLET, 2010), my review of the political dynamics and economic theory that guided America’s rise to industrial power. Donald Trump’s tariff policy has thrown markets into turmoil among his allies and enemies alike. This anarchy reflects the fact that
- [How Private Banking Replaced Public Money](https://michael-hudson.com/2025/04/how-private-banking-replaced-public-money/) - Graeber discussion group April 4, 2025 https://www.youtube.com/watch?v=nNPYtOSEUNs (INTRO) Michael Hudson: The problem is not government debt, it's private debt. People who say that government debt is the problem are people who want to get rid of the government and take it over themselves. What gives money its value? Money is basically a public utility. Prior
- [Can Europe Survive Its Own Leaders? The War Narrative and Economic Collapse](https://michael-hudson.com/2025/04/is-europe-sacrificing-its-economy-for-war/) - Transcription – 2025.03.26 – Glenn Diesen GLENN DIESEN: Hi everyone and welcome. Today is the 26th of March 2025 and I am joined by Michael Hudson, a household name in the world of economics. The world is changing very rapidly, we see. The US seems to be adjusting to multipolarity. It needs to have a
- [Can the World Unite Against U.S. Trade Weaponization?](https://michael-hudson.com/2025/04/can-the-world-unite-against-u-s-trade-weaponization/) - 04.03.2025 NIMA ALKHORSHID: Hi, everybody. Today is Thursday, April 3rd, 2025, and our friends, Michael Hudson and Richard Wolff are back with us. Welcome back. Let's talk about the “Liberation Day,” and the new tariffs on each and every country on this planet. And here is what the White House press secretary said about
- [The Geopolitical Chessboard: Trump, Iran, and the Shadow of War](https://michael-hudson.com/2025/04/the-geopolitical-chessboard-trump-iran-and-the-shadow-of-war/) - 2025.03.27 NIMA ALKHORSHID: Hi, everybody. Today is Thursday, March 27, 2025, and our friends Michael Hudson and Richard Wolff are back with us. Welcome back. RICHARD WOLFF: Thank you, Nima. Glad to be here. NIMA ALKHORSHID: Let's get started with the situation in the Middle East. It seems that Donald Trump is preparing for a
- [Why Gold Prices Should Rise—But Don't](https://michael-hudson.com/2025/02/why-gold-prices-should-rise-but-dont/) - Why has the price of gold been increasing so fast, breaking records? Economist Michael Hudson explains the politics of the precious metal, and the dynamics of the US dollar system. Michael Hudson is interviewed by Geopolitical Economy Report editor Ben Norton. https://www.youtube.com/watch?v=9Bvr2SZm-NM&t=1s Transcript (Introduction) BEN NORTON: The price of gold has been skyrocketing. Since 2018,
- [Gold Rush 2025: A New Era for Global Finance?](https://michael-hudson.com/2025/03/gold-rush-2025-a-new-era-for-global-finance/) - https://www.youtube.com/watch?v=l_KdGhNrdPE 03.22. 2025 – CGTN Europe JULIET MANN: This week on The Agenda: Going for Gold. We'll examine what's really driving the precious metals' record new highs, and what it says about the state of the global economy. JULIET MANN: Gold is perhaps the story of the market so far in 2025. The price has
- [The Strategic Disjoint Continues](https://michael-hudson.com/2025/03/the-strategic-disjoint-continues/) - Dialogue Works - 03.13.2025 NIMA ALKHORSHID: Hi, everybody. Today is Thursday, March 13, 2025, and our friends, Michael Hudson and Richard Wolff, are back with us. Welcome back. RICHARD WOLFF: Thank you. Glad to be here. NIMA ALKHORSHID: Let's get started with the negotiations between, the first round of negotiations, between the Trump team,
- [EU Must Trim Welfare to Fund Warfare](https://michael-hudson.com/2025/03/eu-must-trim-welfare-to-fund-warfare/) - https://www.youtube.com/watch?v=pHOJ2ASlu80 NIMA ALKHORSHID: Hi, everybody. Today is Thursday, March 6, 2025, and our friends Richard Wolff and Michael Hudson are back with us. Welcome back. RICHARD WOLFF: Glad to be here. MICHAEL HUDSON: Good to be here. NIMA ALKHORSHID: Let's get started, Michael, with the article in the Financial Times in which it says that
- [Something Nutty Emerging Here](https://michael-hudson.com/2025/03/something-nutty-emerging-here/) - https://www.youtube.com/watch?v=iS1HQq-29cU Nima Trump Eco Policy Feb 27 2025 NIMA ALKHORSHID: Hi, everybody. Today is Thursday, February 27, 2025 and our friends Richard Wolff and Michael Hudson are back with us. Welcome back. RICHARD WOLFF: Thank you. Glad to be here. NIMA ALKHORSHID: Let's get started with what's going on in Germany. People wanted some sort
- [How Brazil Can Defend Against Financialization](https://michael-hudson.com/2010/09/how-brazil-can-defend-against-financialization/) - and Keep Its Economic Surplus for Itself CDES Conference, Brasilia, September 17, 2010 I would like to place this seminar's topic, 'Global Governance,'in the context of global control, which is what 'governance' is mainly about. The word (from Latin gubernari, cognate to the Greek root kyber) means 'steering'. The question is, toward what goal is
- [The Horizon Nears on America's Free Financial Ride](https://michael-hudson.com/2025/03/the-horizon-nears-on-americas-free-financial-ride/) - https://www.youtube.com/watch?v=kHbTFWnn3PI NIMA ALKHORSHID: Hi everybody, today is Thursday, February 20, 2025, and our friends Richard Wolff and Michael Hudson are back with us. Welcome back. RICHARD WOLFF: Glad to be here. NIMA ALKHORSHID: Let's get started, Michael, with your recent article about the price of gold and how the United States is trying to manage
- [Why Banking Isn’t What You Think It Is](https://michael-hudson.com/2025/03/why-banking-isnt-what-you-think-it-is/) - 2024.12.10 https://www.youtube.com/watch?v=8RzNCyMyTKA KARL FITZGERALD: Welcome everyone to our quarterly Patreon Q&A gathering here with Professor Michael Hudson, author of just so many books and contributor to so many long interviews. Michael, three hours plus is becoming a normal for you. Good to see people turning up, our Patreon supporters. Make sure you throw your questions
- [Capital as Power in the Polycrisis](https://michael-hudson.com/2025/02/capital-as-power-in-the-polycrisis/) - Nitzan Hudson discussion Feb 2025 Capital as Power in the 21st Century A Conversation MICHAEL HUDSON, JONATHAN NITZAN, TIM DI MUZIO, and BLAIR FIX February 2025 Abstract On December 3, 2024, Michael Hudson met with capital-as-power researchers Jonathan Nitzan, Tim Di Muzio, and Blair Fix to discuss the intersections between their two lines of research.
- [American Imperialism in Plain Site](https://michael-hudson.com/2025/02/american-imperialism-in-plain-site/) - Donald Trump’s tariffs could destabilize the global economy, warns economist Michael Hudson. US protectionist policies could cause financial crises, as many currencies depreciate and countries can’t earn the dollars needed to pay their foreign debts. Hudson was interviewed by Geopolitical Economy Report editor Ben Norton. Video Podcast Transcript (Introduction) BEN NORTON: Donald Trump is threatening
- [The Road to Chaos - A Global Balance of Payments War](https://michael-hudson.com/2025/01/the-road-to-chaos-a-global-balance-of-payments-war/) - Trump’s Balance-of-Payments War on Mexico, and the Whole World The 1940s saw a series of movies with Bing Crosby and Bob Hope, starting with the Road to Singapore in 1940. The plot was always similar. Bing and Bob, two fast-talking con men or song-and-dance partners, would find themselves in a scrape in some country, and
- [US Economic Colonialism On Notice](https://michael-hudson.com/2025/01/us-economic-colonialism-on-notice/) - https://www.youtube.com/watch?v=H68xPQPz-Oc NIMA ALKHORSHID: Hi, everybody. Today is Thursday, January 9th, and our friend Michael Hudson is back with us. Welcome back, Michael. MICHAEL HUDSON: It's good to be back. NIMA ALKHORSHID: Let's get started, Michael, with Donald Trump and his policy toward an island called Greenland. Here is what he said about this island: [Video
- [The Secret of the Long March](https://michael-hudson.com/2025/01/the-secrets-of-the-long-march/) - https://www.youtube.com/watch?v=QuKG___qK-8 RADHIKA DESAI: Hello and welcome to the 36th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our world. I'm your host, Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you our show every fortnight are our host Ben
- [Weaponizing the US Dollar](https://michael-hudson.com/2025/01/weaponizing-the-us-dollar/) - Trump has promoted a number of plans to make America strong – at other countries’ expense. Given his “we win; you lose” motto, some of his plans would produce the opposite effect of what he imagines. That would not be much of a change in U.S. policy. But I suggest that Hudson’s Law may be
- [As Good As It Gets](https://michael-hudson.com/2025/01/as-good-as-it-gets/) - https://www.youtube.com/live/yiyHf4r4374 NIMA ALKHORSHID: Hi, everybody. Today's Thursday, January 2nd, 2025, and our friend Michael Hudson is back with us. Welcome back, Michael. MICHAEL HUDSON: Good to be back. NIMA ALKHORSHID: Michael, let's get started with the economic key to 2025. What would that be, in your opinion? MICHAEL HUDSON: Well, I've been thinking what a
- [The Irony of Calling the Opponents of Nazism Nazis](https://michael-hudson.com/2024/12/the-irony-of-calling-the-opponents-of-nazism-nazis/) - https://www.youtube.com/watch?v=luneM5PCQvE NIMA: Hi, everybody. Today is Thursday, December 5th, and our friends, Michael Hudson and Richard Wolff are back with us. Welcome back. RICHARD WOLFF: Glad to be here. MICHAEL HUDSON: It's good to be here. Let's get started, Richard, with what's going on in South Korea. RICHARD WOLFF: Well, I should begin by
- [The U.S. Strategy of Controlled Anarchy: Syria, Ukraine, and Beyond](https://michael-hudson.com/2024/12/the-u-s-strategy-of-controlled-anarchy-syria-ukraine-and-beyond/) - Transcript - 2024.12.12 - Dialogue Works - Richard D. Wolff & Michael Hudson: The Desperation of America's Empire at Its Peak! Richard D. Wolff & Michael Hudson: The Desperation of America's Empire at Its Peak! • 1:10:31 • https://www.youtube.com/watch?v=ke9UvCezqIo NIMA: Hi, everybody. Today is Thursday, December 12th, and our friends Michael Hudson and Richard Wolf are
- [The New Road to Serfdom - An illustrated guide to the coming real estate collapse](https://michael-hudson.com/2006/04/the-new-road-to-serfdom-an-illustrated-guide-to-the-coming-real-estate-collapse/) - A signature article that can be downloaded as published at Harper's Bazaar.
- [Petrodollar Deal or No Deal](https://michael-hudson.com/2024/11/petrodollar-deal-or-no-deal/) - Richard D. Wolff & Michael Hudson: ICC Arrest Warrants Issued for Netanyahu,Ukraine escalations, G20 Dialogue Works • 1:14:45 • https://www.youtube.com/live/jQkNAQQoTxw NIMA ALKHORSHID: Hi, everybody. Today is Thursday, November 21st, and we have Michael Hudson and Richard Wolff with us here. Welcome back. RICHARD WOLFF: Thank you, Nima. Glad to be here. MICHAEL HUDSON: Yep! NIMA
- [A Civilizational Split](https://michael-hudson.com/2024/11/a-civilizational-split/) - The End of the US Empire, Russia DESTROYS Sanctions & Rise of BRICS | Michael Hudson, Richard Wolff Danny Haiphong • 1:07:39 • https://www.youtube.com/watch?v=v5mCRPeGDLg DANNY HAIFONG: Welcome, everyone. It's your host, Danny Haiphong, and I am here for another live stream this afternoon. I wanted to begin by saying that we are going to center
- [A Concept of a Plan ... for the National Interest](https://michael-hudson.com/2024/11/a-concept-of-a-plan-for-the-national-interest/) - Richard D. Wolff & Michael Hudson: America's Collapse: Economy & Endless Wars! Dialogue Works • 1:10:02 • https://www.youtube.com/watch?v=_igKkNlIc9c NIMA ALKHORSHID: Hi, everybody. Today is Thursday, November 14th, and Michael and Richard are here with us to talk about what's going on in the United States. Let's start with Richard. Here is a video in which
- [The Revolt of the Working Class: What Trump’s 2024 Win Reveals About American Discontent](https://michael-hudson.com/2024/11/the-revolt-of-the-working-class-what-trumps-2024-win-reveals-about-american-discontent/) - Richard D. Wolff & Michael Hudson: Trump Returns! Empire in Decline! Dialogue Works 1:38:02 https://www.youtube.com/watch?v=i7iGPm0vloA NIMA ALKHORSHID: Hi, everybody. Today's Thursday, November 7th, and we have the economic roundtable today with Professor Richard Wolff and Professor Michael Hudson, two economists. Thank you so much for being with us today. Welcome back. RICHARD WOLFF: Very, very
- [US Election: The Illusion of Choice](https://michael-hudson.com/2024/11/us-election-the-illusion-of-choice/) - Richard D. Wolff & Michael Hudson: US Next President Faces IMPOSSIBLE ODDS: Middle East & Ukraine Dialogue Works • 1:19:25 • https://www.youtube.com/watch?v=FW0fFJJSsW8 NIMA ALKHORSHID: Today is Thursday, October 31st, and we're having Michael Hudson and Richard Wolff with us to talk about the legacy of the Biden administration for the next president of the United
- [BRICS Summit in Kazan: Setting the Stage for a New World Order](https://michael-hudson.com/2024/10/brics-summit-in-kazan-setting-the-stage-for-a-new-world-order/) - Oct 24 2024 Richard D. Wolff & Michael Hudson | BRICS Shocker: Russia, China & Iran Ready to Face Off w/ the US! Dialogue Works https://www.youtube.com/watch?v=fsX_z9nzRao Hi, everybody, today is Thursday October 24, 2024, and we're having Richard Wolff and Michael Hudson with us to talk about the BRICS Summit in Kazan. Let’s start with
- [The Moral Wall](https://michael-hudson.com/2024/10/genocides-moral-wall/) - Richard D. Wolff & Michael Hudson | How the U.S. Took Over the World: The End of International Law. Dialogue Works • 1:30:31 • https://www.youtube.com/watch?v=Uz5-PtkUw9s — NIMA ALKHORSHID: Today is Thursday, October 17th, and we're having Richard Wolff and Michael Hudson with us to talk about U.S. foreign policy. And the title of this video
- [Sovereignty in Crisis: Israel, Palestine, and America's Global Agenda](https://michael-hudson.com/2024/10/sovereignty-in-crisis-israel-palestine-and-americas-global-agenda/) - Richard D. Wolff & Michael Hudson: Israel's End-Game Under Netanyahu https://www.youtube.com/watch?v=G9wi2b3nSqY NIMA ALKHORSHID: Today is October 9th and we're having Michael Hudson and Richard Wolff talk about what's going on in the Middle East. Richard and Michael, let me show you an article that shows the spending of the United States on the conflict in
- [Zionists the USA's Trouble Makers](https://michael-hudson.com/2024/10/zionists-the-usas-trouble-makers/) - Richard D. Wolff & Michael Hudson: Middle East Exploding, Ukraine Crumbling! the U.S. Take Action? https://www.youtube.com/watch?v=LXDz1PdMWao&t=4s NIMA: So nice to have you back, Richard and Michael. And let me just manage this. And let's get started with the main question here that would be: Why is the United States not interested in putting an end
- [Why the War in Ukraine is Meant to Drag On: Strategic Goals, European Discontent, and NATO’s Role](https://michael-hudson.com/2024/10/why-the-war-in-ukraine-is-meant-to-drag-on-strategic-goals-european-discontent-and-natos-role/) - Geopolitical Economy Hour (GEH034), "NATO is desperate & delusional on Russia & Ukraine" Sept. 27, 2024. https://www.youtube.com/watch?v=YkTAw4u5qN4 RADHIKA DESAI: Hello and welcome to the 34th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And working behind
- [A World Pushed to Resist: U.S. Policies and the Rise of Global Alliances](https://michael-hudson.com/2024/10/a-world-pushed-to-resist-u-s-policies-and-the-rise-of-global-alliances/) - Dialogue Works, “West's Colossal Failure: Peace Summit in Switzerland, US Decline, Rise of BRICS," Michael Hudson and Richard Wolff, September 26, 2024. https://www.youtube.com/watch?v=aOmUcBU2a8s&t=323s NIMA: So nice to have you, Michael. And let's get started with an article in Bloomberg, it says that the United States is concerned about the strengthening ties between Russia, China, Iran,
- [U.S. Foreign Policy and Economic Shifts: Trump vs. Harris Debate Analysis](https://michael-hudson.com/2024/09/u-s-foreign-policy-and-economic-shifts-trump-vs-harris-debate-analysis/) - “Is US Policy Saving the Dollar or Destroying It,” Richad D. Wolff and Michael Hudson, Dialogue Works, September 12, 2024. https://www.youtube.com/@dialogueworks01 "This transcript has been edited and formatted for clarity, readability, and flow. Minor typographical and grammatical changes have been made to improve coherence." NIMA: So nice to have you back, Michael, on this podcast.
- [Debunking U.S. Bankruptcy Myths](https://michael-hudson.com/2024/09/debunking-u-s-bankruptcy-myths/) - Richard D. Wolff & Michael Hudson, Dialogue Works, Sept. 4, 2024. https://www.youtube.com/watch?v=e5Ed7b1-LnY NIMA: So nice to have you, Michael, and Richard on again on this podcast. And let's get started with the current situation of the economy of the United States. And the question is, Michael, to you, is the United States rapidly approaching bankruptcy?
- [Reshaping Christianity and the Modern State: A Journey from Usury to Fiscal Power](https://michael-hudson.com/2024/09/reshaping-christianity-and-the-modern-state-a-journey-from-usury-to-fiscal-power/) - Robinson Erhardt, “Michael Hudson: Debt, Economic Collapse and the Ancient World.” Robinson: Michael, you've been studying the history of debt and the collapse of civilizations for many decades now, at least going back to your time at Harvard’s Peabody Museum. I'm wondering if you were initially interested in this topic because of its historical interest
- [How Rome Reversed Christianity: from Compassion to Control](https://michael-hudson.com/2024/08/how-rome-reversed-christianity-from-compassion-to-control/) - Brian: All right, Nate, we've done it. This is the System Failure Podcast number 50, and it's an exciting one. Nathan: Yeah, number 50. Yeah, that's impressive, Brian. That means we've been at this for more or less a year now, which is pretty exciting. And I love the idea that for episode number 50,
- [The Way to Avoid Tearing Society Apart](https://michael-hudson.com/2024/08/the-way-to-avoid-tearing-society-apart/) - https://youtu.be/-DT0fc7G-vU KARL FITZGERALD: Welcome, everyone. Welcome to another quarterly Patreon session with Michael Hudson, Professor Michael Hudson, author of over a dozen books, including his latest, The Temples of Enterprise. My name's Karl Fitzgerald. I'll be your host today. I'm an economist based in Australia that has changed three taxes, protecting communities from speculative overreach.
- [Volatility Unwound](https://michael-hudson.com/2024/08/volatility-unwound/) - The stock market crashed on August 5, in a new “Black Monday”. What caused it? Is the USA on the verge of a new financial crisis? Ben Norton is joined by economist Michael Hudson to discuss the extreme volatility, AI / Big Tech bubble, Japanese yen carry trade unwind, Chinese economy, and geopolitical dangers. Video
- [The End of Financial Colonialism](https://michael-hudson.com/2024/08/the-end-of-financial-colonialism/) - Nima, Michael Hudson and Richard Wolff, “Financial Colonialism,” Dialogue Works, August 1, 2024. https://www.youtube.com/live/FSA6l97_g8k?si=ZOUCPlcFiD3drP2v “The Shocking Truth Behind the End of Financial Colonialism!” NIMA: Let's start with the conflict right now in the Middle East. How do you find it right now? What's going on, Michael, in your opinion, in the Middle East? MICHAEL HUDSON:
- [Temples of Enterprise](https://michael-hudson.com/2024/05/temples-of-enterprise/) - Michael Hudson's new book Temples of Enterprise is now available. The twelve articles collected in this volume describe how the most basic features of Western economic organization - money, markets, land tenure and enterprise - were created in the temples and palaces of the ancient Near East. The perspective on these topics originated in the
- [Quality of Debt Counts](https://michael-hudson.com/2024/08/quality-of-debt-counts/) - RADHIKA DESAI: Hello and welcome to the 31st Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you our show every fortnight are our host, Ben Norton, our videographer, Paul
- [US Complicit: Israel, Aid and the Congressman's Circular Flow](https://michael-hudson.com/2024/08/us-complicit-israel-aid-and-the-congressmans-circular-flow/) - Danny Haiphong, ISRAEL JUST CROSSED HEZBOLLAH AND IRAN’S RED LINE: WWIII LOOMS | MICHAEL HUDSON & JILL STEIN, July 31, 2024. Economist Michael Hudson (follow at https://michael-hudson.com/) and Green Party Presidential Candidate Dr. Jill Stein (https://www.jillstein2024.com/) join the program for a special livestream on the US elections and geopolitics! This stream will dive into the
- [Barbarism or Civilization](https://michael-hudson.com/2024/07/barbarism-or-civilization/) - Luca Placidi: Welcome, everybody. It is a great pleasure and honor to have with us today Professor Michael Hudson. For those who still do not know him, Michael is a professor of economics at the University of Missouri-Kansas City, and he is a researcher at the Levi Economics Institute at Bard College. Just to mention
- [All Of Our Wealth Has Been Coming From You](https://michael-hudson.com/2024/07/all-of-our-wealth-has-been-coming-from-you/) - Nima interview July 12 2024 World Shaking Up! Epic Political & Economic Earthquakes, Dialogue Works, July 12, 2024. https://www.youtube.com/watch?v=gZ-fvnNEu7o NIMA ROSTAMI ALKHORSHID: Michael, let's get started with the SCO summit. And right after that, we're having the NATO summit. It seems that NATO is fighting on behalf of the United States to try to preserve
- [NATO Focus: From Defensive to Offensive](https://michael-hudson.com/2024/07/nato-focus-from-defensive-to-offensive/) - Geopolitical Economy Report #30 NATO vs voters: How the West's warmongering threatens democracy and the Global Majority. July 12, 2024. RADHIKA DESAI: Hello and welcome to the 30th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI:
- [Gold as the Peace Currency](https://michael-hudson.com/2024/07/gold-as-the-peace-currency/) - https://youtu.be/iM1NlED8yOA Recorded June 8, 2023 Karl Fitzgerald: Welcome everyone to another Patreon Q&A session. Great to have you here. And as always, we're with Professor Michael Hudson, author of so many books, so many podcast interviews, you name it, he's out there telling us what's going on in the world and it's great that we
- [The Need for a New Political Vocabulary](https://michael-hudson.com/2024/07/the-need-for-a-new-political-vocabulary/) - The July 4 landslide defeat of the neoliberal pro-war British Conservatives by the neoliberal pro-war Labour Party poses the question of just what the media mean when they describe the elections and political alignments throughout Europe in terms of center-right and center-left traditional parties challenged by nationalist neo-fascists. Political differences between Europe’s centrist parties are
- [Kleptocracy is Us](https://michael-hudson.com/2024/06/kleptocracy-is-us/) - US Cryptocurrency as an Offshore Banking Center The Wall Street Journal ran a revealing op-ed today (June 14, 2024) by Paul D. Ryan, “Crypto Could Stave off a U.S. Debt Crisis.” Mr. Ryan, libertarian Republican House Speaker 2015-2019 and now at the right-wing American Enterprise Institute, writes that: “Stablecoins backed by dollars provide demand for U.S.
- [Agricultural Imperialism in the EU](https://michael-hudson.com/2024/05/agricultural-imperialism-in-the-eu/) - A new monthly column for German newspaper Berliner Wochenende. Ever since World War II, U.S. trade strategists have based their international policy on control of two key commodities: oil and grain. Economically, they have been the mainstay of the U.S. balance of payments, the leading categories of export surplus (along with weapons), especially as the
- [The Black & White of Elite Imperialism with Jill Stein](https://michael-hudson.com/2024/05/the-black-white-of-elite-imperialism-with-jill-stein/) - Fighting Russia & China to Last American: Destroying US From Within Dr. Jill Stein & Michael Hudson https://youtu.be/3tiOp-L-uY4 NIMA ROSTAMI ALKHORSHID: Today we're going to talk with Dr. Stein, 2024 presidential candidate in the United States and her policy advisor, Professor Michael Hudson. And we're going to talk about Ukraine, Taiwan, Israel, and domestic
- [Owing the US a Living?](https://michael-hudson.com/2024/04/owing-the-us-a-living/) - Living within your means is considered a virtue in many cultures, with one notable exception – the United States, whose public debt grows by roughly a trillion dollars every 100 days and is projected to continue doing so for the next few decades. In the past, it helped to sustain the so-called American lifestyle, but
- [Universities as Tentacles of the Police State](https://michael-hudson.com/2024/04/universities-as-tentacles-of-the-police-state/) - “Have you no sense of decency?” The recent Congressional hearings leading to a bloodbath of university presidents brings back memories from my teen-age years in the 1950s when everyone’s eyes were glued to the TV broadcast of the McCarthy hearings. And the student revolts incited by vicious college presidents trying to stifle academic freedom when
- [Gaza - Civilization will Win over Barbarism](https://michael-hudson.com/2024/04/gaza-civilization-will-win-over-barbarism/) - https://www.youtube.com/watch?v=9W1TF2-b8uY Part 2 https://www.youtube.com/watch?v=inFlC2LjyRs Nima April 22, 24 Michael's notes from this important interview. Watch the geo-political markers. 1A. US student and voter opposition to the US-Israeli genocide. The breaking news here in New York City today are the mass protests at Columbia University, New York University and the New School opposing the genocide
- [Jill Stein: Splitting the Pro-Imperial Vote](https://michael-hudson.com/2024/04/jill-stein-splitting-the-pro-imperial-vote/) - https://www.youtube.com/watch?v=oDUb7-MPH48 RADHIKA DESAI: Hello and welcome to the 27th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you our show every fortnight are our host, Ben Norton, our videographer,
- [Labour in the Ancient Near East](https://michael-hudson.com/2024/04/labour-in-the-ancient-near-east/) - A new transcription of an earlier recording. One of the first interviews where Michael talked about the Ancient Near East. KARL FITZGERALD: 3CR, radio that's independent, progressive and making a difference. And welcome to The Renegade Economists with your host, Karl Fitzgerald. This week, we're stepping back in time, way back some 10,000 years BC,
- [Gaza: The Strategic Imperative](https://michael-hudson.com/2024/04/gaza-the-strategic-imperative/) - ​PROF. MICHAEL HUDSON, THE TRUTH ABOUT THE DESTRUCTION OF GAZA. - Ania K https://www.youtube.com/live/gNu_OGbqyWk ANIA: Hello, everyone. Welcome back to my channel. Today I have with me for the fourth time, I'm still counting, a very, very special guest, one of the best professors in economics and financial analysts in the world. And I'm
- [The Land Belongs to God](https://michael-hudson.com/2017/01/the-land-belongs-to-god/) - Speech to the Union Theological Seminary, Columbia. [Edited version for clarification, January 23, 2017] The focus of my talk today will be Jesus' first sermon and the long background behind it that helps explain what he was talking about and what he sought to bring about. I've been associated with Harvard University's Peabody Museum for
- [He Died for our Debt, not our Sins](https://michael-hudson.com/2017/12/he-died-for-our-debt-not-our-sins/) - Prof Michael Hudson on the economic insights provided by the bible. Did JC really die for our sins?
- [Free Speech and Platform Media](https://michael-hudson.com/2024/04/free-speech-and-platform-media/) - https://www.youtube.com/watch?v=4l3EbRUOGsI RADHIKA DESAI: Hello and welcome to the 26th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you our show every fortnight are our host, Ben Norton, our
- [Watching the World Divide in Half](https://michael-hudson.com/2024/04/watching-the-world-divide-in-half/) - https://youtu.be/KE0zs4J84Gw Hudson Patreon Q&A 2023Q4 - Dec 8 Support Michael's incredible work by becoming a Patreon. He needs it now more than ever (read below) KARL FITZGERALD: All right, well let's get into it. Okay. Welcome everyone to our final Q&A session for 2023. Always good to be with you. My name is Karl Fitzgerald,
- [Germany as Collateral Damage in America’s New Cold War](https://michael-hudson.com/2024/03/germany-as-collateral-damage-in-americas-new-cold-war/) - As published in Berliner Zeitung. The dismantling of German industry since 2022 is collateral damage in America’s geopolitical war to isolate China, Russia and allied countries whose rising prosperity and self-sufficiency is viewed as an unacceptable challenge to U.S. hegemony. To prepare for what promises to be a long and costly fight, U.S. strategists made
- [China in Charts](https://michael-hudson.com/2024/03/china-in-charts/) - https://www.youtube.com/watch?v=isJR5dS27qA (China Part 2/2) RADHIKA DESAI: Hello and welcome to the 25th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you our show every fortnight are our host, Ben
- [China: Local Flowers Bloom](https://michael-hudson.com/2024/03/china-local-flowers-bloom/) - https://www.youtube.com/watch?v=3K1Vku1SDd8 RADHIKA DESAI: Hello and welcome to the 24th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: I’m Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you our show every fortnight are our host, Ben Norton; our videographer, Paul
- [Economics as a Form of Art](https://michael-hudson.com/2024/03/economics-as-a-form-of-art/) - https://youtu.be/d2hWvaqjMmk Robinson Erhardt discussion, March 10 ,2024 Michael Hudson discusses his work Robinson: Michael, I read in your book, Killing the Host, that you decided to become an economist after meeting one named Terrence McCarthy, who explained to you why financial crises tend to occur in the autumn after crops are harvested. And this was
- [New School University Race to the Bottom](https://michael-hudson.com/2024/02/new-school-university-race-to-the-bottom/) - I found a story in Saturday’s New York Times that I think epitomizes the crapification of higher education in the United States. It concerns the New School, where I taught at the graduate faculty from 1969 to 1972 (when it was still called the New School for Social Research). Sharon Otterman, “Facing Budget Troubles, Some
- [Europe's Loss is America's Gain](https://michael-hudson.com/2024/02/europes-loss-is-americas-gain/) - https://www.youtube.com/watch?v=Xwht64COz2Q RADHIKA DESAI: Hello and welcome to the 23rd Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you this show every fortnight are our host, Ben Norton; our videographer,
- [Pathways to Solutions](https://michael-hudson.com/2024/02/pathways-to-solutions/) - Economic solutions: How to go from financialized neoliberalism to a productive, sustainable economy. Geopolitical Hour 22, February 9, 2024. https://www.youtube.com/watch?v=o2HTc8yA4mI RADHIKA DESAI: Hello and welcome to the 22nd Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: I'm Michael Hudson. RADHIKA DESAI: And
- [Efficiency is Hilarious](https://michael-hudson.com/2024/02/efficiency-is-hilarious/) - Dialogue Works, January 18, 2024. First part: https://youtu.be/ifnCakYJNVM or https://www.youtube.com/watch?v=ifnCakYJNVM Second part: https://youtu.be/LAagE-7BLN4, Dialogue works (Nima): when it comes to capitalism, they're talking about that capitalism is by far the most effective and productive economic system. Ohio Senator, James Vance, just recently said that Russia produces as much ammunition in a day as the U.S. does in
- [Credit the Economic Planner](https://michael-hudson.com/2024/01/credit-the-economic-planner/) - https://www.youtube.com/watch?v=imiA3-ygTkk&t=150s HAIPHONG:Welcome, everyone. Welcome to the stream. It’s Danny Haiphong, your host. As you can see, I’m joined by the renowned economist and author, Professor Michael Hudson. You can find his website in the video description. Please do hit the like button as we begin. That helps boost this stream. And, of course, you can
- [Perfecting Imperialism](https://michael-hudson.com/2024/01/perfecting-imperialism/) - Michael Hudson: “US imperialism, Krugman, de-dollarization, socialism, Palestine, China.” India and Global Left, January 13, 2024, with Jyotishman Mudiar. “This is the problem China will face.” https://youtu.be/M0Ef_hbNsBs JM: Hello, and welcome to another episode of India and Global Left. Today, we have with us the economist Michael Hudson. Michael, welcome back to India and Global
- [Economists as Hired Guns](https://michael-hudson.com/2023/11/economists-as-hired-guns/) - https://youtu.be/1q8wgMQjDFI Nov 13 2023 with Steve Keen Pod version Published Nov 24 How Finance Capitalism Ruined the World - Dr. Michael Hudson & Dr. Steve Keen Dr. Michael Hudson is an American economist, Professor of Economics at the University of Missouri–Kansas City and a researcher at the Levy Economics Institute at Bard College, former Wall
- [Debt Makes the World Go Around](https://michael-hudson.com/2024/01/debt-makes-the-world-go-around/) - https://www.youtube.com/watch?v=A63afuvkbmk RADHIKA DESAI: Hello and welcome to the 21st geopolitical economy hour, the show that examines the fast-changing political and geopolitical economy of our time. Welcome also to a new year that promises to be nothing but rocky, so let's help rock it in the right direction. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael
- [Comparing Feudal to Financial](https://michael-hudson.com/2024/01/comparing-feudal-to-financial/) - Hudson interview with Robinson Erhardt, September 26, 2023. Michael Hudson: Neoliberalism, Industrial Capitalism, and the Rise of Debt | Robinson's Podcast #180, https://youtu.be/4cQbyYBUvzY Robinson: I’m from Chicago, and when I saw that you went to the University of Chicago Lab School, which I know quite well, and then the University of Chicago, which I also know
- [Predictions 2024](https://michael-hudson.com/2024/01/predictions-2024/) - Transcript of an interview between Ania and Michael Hudson. The interview took place on December 29, 2023. https://www.youtube.com/watch?v=7iwV-Zhwb9I ANIA: Hello everyone, welcome back to my channel. It looks like we are live and we are a few seconds before time, so a little bit better than Swiss precision. Today I have for the second time
- [Is It Over Yet?](https://michael-hudson.com/2023/12/is-it-over-yet/) - RADHIKA DESAI: Hello and welcome to the 20th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: Well, it’s happening again. Reports of the death of neoliberalism are once again proliferating. Just take a look at the
- [Global Insecurity](https://michael-hudson.com/2023/12/global-insecurity/) - https://www.youtube.com/watch?v=Io0H1i7Xf8s RADHIKA DESAI: Hello and welcome to the 19th Geopolitical Economy Hour, the program where we discuss the evolving political and geopolitical economy of our time. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. And we bring you this program with the help of our host, Ben Norton, our videographer Paul Graham, and our
- [The Dumb Luck of Dollar Hegemony](https://michael-hudson.com/2023/11/the-dumb-luck-of-dollar-hegemony/) - https://youtu.be/Zjni3f13XMw Support Michael Hudson's unique perspective by joining his Patreon group, where we hold these quarterly discussions. Next is Thurs Dec 7th. Karl: Welcome everyone to another quarterly session with Michael. We’ve got to come up with a good nickname with these (sessions). They're great discussions and we like to have a fireside type conversation
- [The EU's Desperate Need for a New Economic Framework](https://michael-hudson.com/2023/11/the-eus-desperate-need-for-a-new-economic-framework/) - WAR Against NATO Not Russia | China vs. USA | BRICS | Michael Hudson https://youtu.be/rPib_bhpwJk Dialogue works (Nima): We look at this war in Ukraine, it's been 18 months in this war in Ukraine and Ukraine got devastated by this war. What was the endgame for the U.S. foreign policy in Ukraine? Michael Hudson: Well,
- [Understanding America's Post-Industrial Economy](https://michael-hudson.com/2023/11/understanding-americas-post-industrial-economy/) - https://youtu.be/pQkwnczhObQ?feature=shared GLENN DIESEN: Welcome to today’s program. My name is Glenn Diesen. I’m a professor at the University of Southeastern Norway. With me is my colleague Alexander Mercouris from the very informative and popular Duran. The guest today is none other than the excellent Michael Hudson, a very renowned economist. He’s written brilliant books,
- [Were the Biblical Prophets Anti-Semitic?](https://michael-hudson.com/2023/11/were-the-biblical-prophets-anti-semitic/) - If the prophets of ancient Israel such as Isaiah, Jeremiah, Ezekiel, Malachi and Amos were alive today, Benjamin Netanyahu would accuse them of anti-Semitism for daring to describe his government as a travesty of what the Mosaic covenant was all about. A common thread running throughout the Jewish Bible – Christianity’s Old Testament – was
- [Israel as a Landed Aircraft Carrier](https://michael-hudson.com/2023/11/israel-as-a-landed-aircraft-carrier/) - https://www.youtube.com/watch?v=9AeAfFfTqMk&t=1s Transcript BEN NORTON: Why does the United States so strongly support Israel? In this video today, I’m going to be explaining the geopolitical and economic reasons why Israel is such an important part of U.S. foreign policy and Washington’s attempt to dominate not only the region of the Middle East, but really the entire
- [Multipolarity: China, Russia, Israel, India, and the difficult birth of a new world](https://michael-hudson.com/2023/10/multipolarity-china-russia-israel-india-and-the-difficult-birth-of-a-new-world/) - Geopolitical Hour, October 19, 2021. https://www.youtube.com/watch?v=lHTmIt131P8 RADHIKA DESAI: Hello and welcome to the 17th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: And today, once again, we are joined by the roving reporter extraordinaire, Pepe
- [Twice as Important](https://michael-hudson.com/2023/10/twice-as-important/) - IMF showdown with China in Morocco, October 12, 2023 This year’s annual IMF/World Bank meetings in Morocco are the most explicitly confrontational yet by US/NATO diplomacy toward China and its fellow BRICS+ allies. It is not really rivalry, because US neoliberal financial policy is so different from the aims that the BRICS+ countries have been
- [A BRICS+ Bank: How would it really function?](https://michael-hudson.com/2023/10/a-brics-bank-how-would-it-really-function/) - This first week of October has seen U.S. interest rates soar to the 5% level on long-term Treasury bonds. That has made long-term Treasuries one of most attractive investment vehicles in the world, or even the most attractive. One obvious result is that countries aiming to dedollarize their central-bank reserves would make an untimely decision
- [Reciprocal Ignorance: East-West](https://michael-hudson.com/2023/09/reciprocal-ignorance-east-west/) - https://www.youtube.com/watch?v=IJSzHN71Qj8&list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP&index=1 Geopolitical Economy Hour, September 23, 2023. BRICS or NATO? G20 or G77? Summits debate changing world order RADHIKA DESAI: Hello and welcome to the 17th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our times. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: And today
- [Financial Conquest So Insidious](https://michael-hudson.com/2023/09/financial-conquest-so-insidious/) - On this episode of RT's Going Underground, we speak to former Wall Street Financial Analyst Michael Hudson, author of ‘The Collapse of Antiquity’. He discusses the origins of debt stemming from the oligarchy-dominated Ancient Greek and Roman ‘democracies’, the tradition of debt cancellation, and how the Roman and Greek oligarchies marked a turning point in
- [High Finance & Investment Colonialism](https://michael-hudson.com/2023/08/high-finance-investment-colonialism/) - "Imperialism: How the struggle of both classes and nations creates our world" Geopolitical Hour 16, August 29, 2023. https://www.youtube.com/watch?v=vKVjpKCFd28 RADHIKA DESAI: Hello and welcome to the 16th Geopolitical Economy Hour, the fortnightly show in which we discuss the political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA
- [BRICS Keep Building](https://michael-hudson.com/2023/08/brics-keep-building/) - BRICS+ is here. Danny Haiphong interviews Michael Hudson and Pepe Escobar, August 25, 2023. https://www.youtube.com/watch?v=g32m8XaSnEE&ab_channel=DannyHaiphong DANNY HAIPHONG: As you can see, it's your host, Danny Haiphong, and I'm joined by two very special guests, friends of each other and friends of this show. We have the renowned economist Michael Hudson, author of The Collapse of
- [Creating an Independent World](https://michael-hudson.com/2023/08/creating-an-independent-world/) - https://www.youtube.com/live/i6vZaTe-WGU?feature=share Michael Hudson: Debt, Sponsors of the Wars, Future of USD and BRICS AK: Hello everyone. Welcome back to my channel. I see we are live already, perfectly on time, with a Swiss Precision today, because I have fantastic guest - Mr. Michael Hudson, who has been recommended to me by the one and only Andre Marciano who
- [The Destiny of China](https://michael-hudson.com/2023/08/the-destiny-of-china/) - Here I present The Destiny of Civilization to a Chinese audience via the Global University of Sustainability. It's in 4 Parts, originally presented in 2022. https://www.youtube.com/watch?v=HAC4gGRAJ3Q https://www.youtube.com/watch?v=3hzYUE_VV-Y https://www.youtube.com/watch?v=UBgUIUgGZsg https://www.youtube.com/watch?v=CCMaxnmxaxw Image by 畅 苏 from Pixabay
- [Eleven Objectives of Neoliberalism](https://michael-hudson.com/2023/08/eleven-objectives-of-neoliberalism/) - A series of lectures will be coming out of my relationship with Hong Kong's Global University of Sustainability. These have been tiered to a Chinese audience, revealing another layer to my work. Thanks for all your support via Patreon. https://www.youtube.com/watch?v=yKTEyXYJfbM Image by Владимир Харитонов from Pixabay
- [NATO Moves to Bait China](https://michael-hudson.com/2023/07/nato-moves-to-bait-china/) - Geopolitical Economy Report, July 28, 2023 NATO failed in Ukraine against Russia. Now it's targeting China By Radhika Desai and Michael Hudson. 93.1K subscribers Political economists Radhika Desai and Michael Hudson are joined by geopolitical analyst Pepe Escobar to discuss how NATO has shifted from its proxy war against Russia in Ukraine to targeting China in
- [Towards a Demilitarized Global Currency](https://michael-hudson.com/2023/08/towards-a-demilitarized-global-currency/) - War hawks' drive to expand NATO into Asia may destroy Western military alliance Geopolitical Hour, August 4, 2023 RADHIKA DESAI: Hello everyone and welcome to the [15th] Geopolitical Economy Hour, a program that discusses the political and geopolitical economy of our time. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And today
- [The Financial Upsweep](https://michael-hudson.com/2023/07/the-financial-upsweep/) - A recent presentation to the Global University of Sustainability. Photo by Jason Leung on Unsplash
- [Global Economic History in 2.5 Hours](https://michael-hudson.com/2023/07/global-economic-history-in-2-5-hours/) - Demystifying Economics, June 30 2023 Youtube: https://youtu.be/XyybzneS0To (part 1) and https://youtu.be/pSBvXCwUQYQ (part 2) Dr. Michael Hudson is a professor of Economics at the University of Missouri Kansas City, political consultant, commentator, and journalist. His career has focused on the study of debt, both external and internal, with an eye on what happens when the exponentially growing
- [The Looming War Against China](https://michael-hudson.com/2023/07/the-looming-war-against-china/) - Economic Logic has been Replaced by National Security Overrides The July NATO summit in Vilnius had the feeling of a funeral, as if they had just lost a family member – Ukraine. To clear away NATO’s failure to drive Russia out of Ukraine and move NATO right up to the Russian border, its members tried
- [Can the US Re-Industrialize?](https://michael-hudson.com/2023/07/can-the-us-re-industrialize/) - Ep. 232 Michael Hudson. Transcript Ep 232 Macro N Cheese - Hudson https://realprogressives.org/podcast_episode/episode-232-is-the-us-a-failed-state-with-michael-hudson/ Michael Hudson [Intro/Music]: America cannot re-industrialize without reversing this whole philosophy of post-industrial society as a class war against labor. You can't have both. You can't have a class war against labor and reindustrialization with the labor unionization that goes with
- [Economic Interference in the Global South](https://michael-hudson.com/2023/07/economic-interference-in-the-global-south/) - https://www.youtube.com/watch?v=x13cSy8S8To RADHIKA DESAI: Hi, everyone, and welcome to this 13th Geopolitical Economy Hour, the fortnightly show on the political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And today, as last time, we are joined by Anne Pettifor to discuss the urgent issue of our time,
- [ZIRP’s only Exit path is a Crash](https://michael-hudson.com/2023/07/zirps-only-exit-path-is-a-crash/) - The United States’ Financial Quandary: ZIRP’s only Exit path is a Crash Abstract Interest-bearing debt grows exponentially, in an upsweep. The non-financial economy of production and consumption grows more slowly as income is diverted to carry the debt overhead. A crash occurs when a large part of the economy cannot pay its scheduled debt service.
- [Should there really be a Supreme Court? ](https://michael-hudson.com/2023/07/should-there-really-be-a-supreme-court/) - Its role always has been anti-democratic. Vested interests create “checks and balances” primarily to make political systems non-responsive to demands for social reform. Historically, therefore, the checks are politically unbalanced in practice. Instead of producing a happy medium, their effect often has been to check the power of the people to assert their interests at
- [The Collapse of Antiquity - release](https://michael-hudson.com/2023/03/the-collapse-of-antiquity-release/) - The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point Available on Amazon or Digital (ebook) via CounterPunch. The Collapse of Antiquity, the sequel to Michael Hudson’s “...and forgive them their debts,” is the latest in his trilogy on the history of debt. It describes how the dynamics of interest-bearing debt led to
- [America has Just Destroyed a Great Empire](https://michael-hudson.com/2023/06/america-has-just-destroyed-a-great-empire/) - Herodotus (History, Book 1.53) tells the story of Croesus, king of Lydia c. 585-546 BC in what is now Western Turkey and the Ionian shore of the Mediterranean. Croesus conquered Ephesus, Miletus and neighboring Greek-speaking realms, obtaining tribute and booty that made him one of the richest rulers of his time. But these victories and
- [Third World-Like Debt Crisis](https://michael-hudson.com/2023/06/third-world-like-debt-crisis/) - A new Third World debt crisis? The need for system change https://www.youtube.com/watch?v=-uxyjIFqi4o RADHIKA DESAI: Hello and welcome to this 12th Geopolitical Economy Hour, the fortnightly show on the political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And today we are joined by Anne Pettifor
- [Mutual Aid vs Moral Hazard](https://michael-hudson.com/2018/11/mutual-aid-vs-moral-hazard/) - How the Bronze Age saved itself from debt serfdom There has been an explosion of discussion about whether to cancel student debts. Critics of the idea point out that wealthy people would be the main gainers, posing moral hazard. The debate has quickly slipped into a discussion of modern economies and whether it was moral to
- [Buying US Debt Subsidizes Imperialism](https://michael-hudson.com/2023/06/buying-us-debt-subsidizes-imperialism/) - Michael Hudson | A piece of advice: Buying U.S. debt is to provide ammunition for U.S. military expansion Source: Observer Network 2023-06-01 08:01 The June 5 deadline referred by US Treasury Secretary Janet Yellen has fallen, and the US debt ceiling negotiations have entered the final congressional voting juncture. House Speaker McCarthy, who was eager
- [On Obama, Castro & General McArthur](https://michael-hudson.com/2023/06/on-obama-castro-general-mcarthur/) - Recorded on 2023-03-02 https://youtu.be/2gxKm43xS2U Join our next Patreon discussion Thurs June 8, 530pm as a Patreon subscriber. We have 256 patreons supporting 6,000 visitors to this site per day. KARL FITZGERALD: Welcome everyone to our quarterly Q&A session here with our beloved Patreon supporters. Thank you so much for supporting Michael and his work as
- [Achieving by Undermining](https://michael-hudson.com/2023/05/achieving-by-undermining/) - RADHIKA DESAI: Hello and welcome to the 10th Geopolitical Economy Hour, the fortnightly show in which we discuss the political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And as last time, we have once again with us today, Professor Mick Dunford, professor emeritus at Sussex
- [The Arc of Time: Pro-Creditor History](https://michael-hudson.com/2023/05/the-arc-of-time-pro-creditor-history/) - “Origins of debt: Michael Hudson reveals how financial oligarchies in Greece & Rome shaped our world,” Ben Norton, Geopolitical Economy Report, May 25, 2023. https://www.youtube.com/watch?v=Hqe3IQQo_t4 BEN NORTON: Hi, everyone. I'm Ben Norton of Geopolitical Economy Report, and today I have the great pleasure of speaking with a friend of the show, the economist Michael Hudson,
- [Neo-Liberal Machine Corners Ukraine, EU](https://michael-hudson.com/2023/05/neo-liberal-machine-corners-ukraine-eu/) - “Ukraine's neoliberalism on steroids, Europe’s economic suicide,” Geopolitical Hour 9, May 15, 2023. https://www.youtube.com/watch?v=6bF3QkHIB7I RADHIKA DESAI: Hello everyone and welcome to this ninth Geopolitical Economy Hour, the fortnightly show on the political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: And today we have a special
- [Pepe Escobar's review of The Collapse of Antiquity](https://michael-hudson.com/2023/05/pepe-escobars-review-of-the-collapse-of-antiquity/) - Pepe Escobar: “US Empire of Debt Headed for Collapse,” Sputnik International, May 15, 2023. Prof. Michael Hudson’s new book, "The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point” is a seminal event in this Year of Living Dangerously when, to paraphrase Gramsci, the old geopolitical and geoeconomic order is dying and the
- [Krugman Clings to Currency Tropes](https://michael-hudson.com/2023/05/krugman-clings-to-currency-tropes/) - In this conversation with Geopolitical Economy Report editor Ben Norton, economist Michael Hudson responds to the misleading arguments against de-dollarization that New York Times columnist Paul Krugman made in his attempt to defend US hegemony and the dollar system. Hudson also discussed the ongoing US banking crisis and collapse of four banks in two months in
- [The Hard Iron Financial Fist](https://michael-hudson.com/2023/05/the-hard-iron-financial-fist/) - https://www.youtube.com/watch?v=ImjdVxd09fo&t=1s BEN NORTON: Hi, everyone. I'm Ben Norton, and this is the Geopolitical Economy Report. Today, I have the pleasure of being joined by Michael Hudson, the brilliant economist and author of many books. Michael is also the co-host of a program here, Geopolitical Economy Hour, that he does every two weeks with friend of
- [The QE Quandry](https://michael-hudson.com/2023/05/the-qe-quandry/) - In this episode of their program Geopolitical Economy Hour, Radhika Desai and Michael Hudson discuss de-dollarization, the global drive to drop the US dollar, and the transition away from financialized neoliberalism toward a new economic system. You can find more episodes of the Geopolitical Economy Hour here. https://www.youtube.com/watch?v=0Jxl4LRpIpw Podcast Transcript (smoothed) RADHIKA DESAI: Hi everyone,
- [What Can The World Expect From China's Recovery?](https://michael-hudson.com/2023/04/what-can-the-world-expect-from-chinas-recovery/) - https://www.youtube.com/watch?v=zrv9-ZX3nqU&list=PLt-M8o1W_GdRfyjbZ2a0O1jKa_Ve35C52&index=3 1.(BOAO FORUM) For starters, this year’s Boao Forum undoubtedly brings great opportunities for exchanges between Chinese and foreign business people who may not have been able to meet since the outbreak of the pandemic. So what can we expect from such a good opportunity? And how do you think the Boao Forum could help
- [Democratic Liberty Versus Oligarchic Liberty](https://michael-hudson.com/2023/04/democratic-liberty-versus-oligarchic-liberty/) - https://theanalysis.news/part-2-debt-and-the-collapse-of-antiquity-michael-hudson/?cmid=67292843-46e5-42f5-a070-0682d9ef6d57 Colin Bruce Anthes Welcome back to theAnalysis for part two of our conversation with Dr. Michael Hudson on The Collapse of Antiquity. Michael Hudson I think the character of early Christianity is what is in the Lord’s Prayer. “Forgive them their debts as we forgive the debtors.” Christianity, especially Roman Christianity, made a travesty of this. They
- [Balancing Individualism with Egalitarianism](https://michael-hudson.com/2023/04/balancing-individualism-with-egalitarianism/) - https://www.youtube.com/watch?v=CmazxjNHVs4 TheAnalysis discussion April 21 2023, Debt and the Collapse of Antiquity – Michael Hudson, By Colin Bruce Anthes Colin Bruce Anthes Welcome to theAnalysis. I’m Colin Bruce Anthes. In a minute, we’ll be taking a first look at Michael Hudson’s new book, The Collapse of Antiquity. Michael Hudson When the emperors cancelled the debts, it was
- [Sitting on the Shoulders of Global Fracture](https://michael-hudson.com/2023/04/sitting-on-the-shoulders-of-global-fracture/) - Economists Radhika Desai and Michael Hudson discuss Russia’s economic transition away from the neoliberal West and integration with what it calls the “World Majority” in the Global South. By Radhika Desai and Michael Hudson. In this episode of their program Geopolitical Economy Hour, economists Radhika Desai and Michael Hudson discuss Russia’s economic transition away from the neoliberal
- [All or Nothing Foreign Policy](https://michael-hudson.com/2023/04/all-or-nothing-foreign-policy/) - https://www.youtube.com/watch?v=CWQjYAg_M84&feature=youtu.be Youtube video link posted 2023.03.30 What follows is an edited transcript. DANNY HAIPHONG: Good afternoon everyone, good afternoon. You are tuning in to another episode of The Left Lens. How are you all doing this afternoon? I am joined by Economist Michael Hudson, as you can see here. I am very honored to have
- [The Treasury Privatized?](https://michael-hudson.com/2023/03/the-treasury-privatized/) - Geopolitical Economy Hour #6 https://youtu.be/y1je89h1eIg Posted to youtube 2023.03.25 RADHIKA DESAI: Hello everyone, and welcome to the sixth Geopolitical Economy Hour, the fortnightly show on the political and geopolitical economy of our time. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: As you know, the last time when we closed we were
- [Back from Post-Modernity: The Coming New Economic Order](https://michael-hudson.com/2023/04/back-from-post-modernity-the-coming-new-economic-order/) - A lecture for Kadir Has University, Department of Economics, Istanbul. https://www.youtube.com/watch?v=aqBqh1vwkqQ&embeds_euri=https%3A%2F%2Fwww.patreon.com%2F&source_ve_path=MzY4NDI&feature=emb_logo Image by Lynn Greyling from Pixabay
- [With Dennis Kucinich on the Financialized Economy, Collapse](https://michael-hudson.com/2023/03/with-dennis-kucinich-on-the-financialized-economy-collapse/) - Dennis Kucinich & Michael Hudson Analyze the Banking Collapses: a lightly edited transcript March 15, 2023 https://youtu.be/KyFLdwArOm8 Overview: This was an impromptu conversation precipitated by former Congressman Dennis Kucinich to have a deep dive discussion with a former economic advisor, Michael Hudson, on the shockingly large recent bank collapses. As the former chair of the
- [Bond Market Play Reveals Systemic Crisis](https://michael-hudson.com/2023/03/bond-market-play-reveals-systemic-crisis/) - Economist Michael Hudson analyzes the collapse of Silicon Valley Bank, Silvergate, and Signature Bank, explaining the similarities to the 2008 financial crash. In this discussion with Geopolitical Economy Report editor Ben Norton, Hudson also addresses the US government bailout (which it isn’t calling a bailout), the role of the Federal Reserve and Treasury, the factor
- [Dollar Diplomacy Down](https://michael-hudson.com/2023/03/dollar-diplomacy-down/) - https://www.youtube.com/watch?v=dRlOfxWR-qE RADHIKA DESAI: Hi everyone. Welcome to the fifth Geopolitical Economy Hour, the fortnightly show about the political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: So this is our third and final show on the theme of de-dollarization, based on our work, particularly on Geopolitical
- [Introducing the Geopolitical Economy Hour](https://michael-hudson.com/2023/01/introducing-the-geopolitical-economy-hour/) - https://www.youtube.com/watch?v=6adqdNCSVhU Radhika: Hi everyone, and welcome to this Geopolitical Economy Hour. I'm Radhika Desai. Michael: And I'm Michael Hudson. Radhika: Every fortnight we are going to meet for an hour to discuss major development in the fast-changing geopolitical economy of our twenty-first-century world. We'll discuss international developments. We'll discuss their roots in individual countries and
- [Inflation's Drivers on The Geopolitical Hour](https://michael-hudson.com/2023/01/inflations-drivers-on-the-geopolitical-hour/) - https://www.youtube.com/watch?v=ZhZbB0jjDTM In this episode of Geopolitical Economy Hour, economists Radhika Desai and Michael Hudson discuss inflation: what it is, what causes it, and what are the problems in how the Federal Reserve and other central banks respond to it. Transcript RADHIKA DESAI: Hello, everyone. Welcome to the second Geopolitical Economy Hour. I’m Radhika Desai. MICHAEL
- [The Hypocrisy Just Makes Me Cry](https://michael-hudson.com/2023/02/the-hypocrisy-just-makes-me-cry/) - https://www.youtube.com/watch?v=CkQCSPM2QUY Danny: Greetings everyone. [We] have two very special guests today. [This] is the first conversation of a series that we will be having on The Left Lens leading into the one year anniversary of the official beginning — or at least what the mainstream may say is the beginning — of the Ukraine proxy war
- [The Mechanics of a Bond Market and its Impact on the Banking Crisis](https://michael-hudson.com/2023/03/the-mechanics-of-a-bond-market-and-its-impact-on-the-banking-crisis/) - Why the Bank Crisis is Not Over The crashes of Silvergate, Silicon Valley Bank, Signature Bank and the related bank insolvencies are much more serious than the 2008-09 crash. The problem at that time was crooked banks making bad mortgage loans. Debtors were unable to pay and were defaulting, and it turned out that the
- [Why the Banking System is Breaking Up](https://michael-hudson.com/2023/03/why-the-banking-system-is-breaking-up/) - Support my work via Patreon The collapses of Silvergate and Silicon Valley Bank are like icebergs calving off from the Antarctic glacier. The financial analogy to the global warming causing this collapse is the rising temperature of interest rates, which spiked last Thursday and Friday to close at 4.60 percent for the U.S. Treasury’s two-year
- [Introducing China's Leading Economist](https://michael-hudson.com/2023/03/introducing-chinas-leading-economist/) - Through my work at the Global University for Sustainability, I have come to know Professor Wen Tiejun. He provides a key analysis of the ten crises China has endured. I highly recommend his book to you (PDF), kindly donated to the reform community as an open access book. There are 10 lectures that accompany the
- [An Hour with Michael](https://michael-hudson.com/2023/02/an-hour-with-michael/) - Come spend an hour with Michael! Thurs March 2nd 5.30pm EST Register via zoom. If you are a Patron Plus supporter on Patreon, you will be able to register. We have 247 Patreon supporters, can you get us to 250? The day before the Q&A you'll receive an email with the link to join. Anyone
- [Since Money is Political](https://michael-hudson.com/2023/02/since-money-is-political/) - “Understanding money and the dollar system,” Geopolitical Hour Episode 3, February 9, 2023, with economists Radhika Desai & Michael Hudson. https://www.youtube.com/watch?v=Ew21FOlftkU podcast: https://soundcloud.com/geopoliticaleconomy/money-dollar-dominance-radhika-desai-michael-hudson Radhika Hello and welcome to this third Geopolitical Economy Hour. I'm Radhika Desai. Michael And I'm Michael Hudson. Radhika As many of you know, in this collaboration with Ben Norton's Geopolitical Economy
- [Trade Theory: No Room for Gunboats](https://michael-hudson.com/2023/02/trade-theory-no-room-for-gunboats/) - https://www.youtube.com/watch?v=q3q7p_IElpY RADHIKA DESAI: Hello everyone. Welcome to the fourth Geopolitical Economy Hour, our fortnightly show on the political and geopolitical economy of our times. I'm Radhika Desai. MICHAEL HUDSON: And I'm Michael Hudson. RADHIKA DESAI: Today we are continuing our discussion of de-dollarization. As many of you know we have structured our discussion around
- [Gary Null Interview - The Rules Are Changing](https://michael-hudson.com/2023/02/gary-null-interview-the-rules-are-changing/) - An interview with Gary Null on the longstanding Progressive Commentary Hour, where he asks me to give my State of the Economy briefing.
- [Systemic Sponsors of Self-Interest](https://michael-hudson.com/2023/01/systemic-sponsors-of-self-interest/) - Q & A transcript from our 4th Patreon event. Please join Michael's Patreon group as a Patreon Plus member, so that you too can join us and ask Michael any question at our next session in March. https://youtu.be/fujl6lC2tWg Karl Fitzgerald (KF): To start off with our typical end-of-year topic: How have you seen this year's
- [EU Pressures - Al-akhbar Newspaper](https://michael-hudson.com/2022/12/eu-pressures/) - Questions from Al-akhbar Newspaper, Lebanon. Mohammad Itmaizeh 1 - In light of the conditions that Europe is experiencing, in terms of high energy prices and the repercussions on the industrial sector, like the closure of factories and the high cost of production. In your opinion do European countries have the capacity and resources to prevent
- [Michael Hudson's Patreon Q&A](https://michael-hudson.com/2022/12/michael-hudsons-patreon-qa/) - It's time for our quarterly Q&A with Michael! Please support Michael's important work via his Patreon page. Theme: NATO's provocative role in Eastern Europe. If you are a Patron Plus supporter on Patreon, you will be able to register. Anyone upgrading to Patron Plus at least 24 hours prior to the event is invited. **Register
- [China the Change Agent - Patreon Q&A #3](https://michael-hudson.com/2022/12/china-the-change-agent-patreon-qa-3/) - Each quarter, Patreon Plus supporters can ask Michael questions. Here is a transcript of the most recent one, just in time for our next Q&A this Thursday. Please support Michael's work via his Patreon page. Karl Fitzgerald: Alright, let’s get into it. We’ve got lots of good questions. Welcome, everyone. My name is Karl Fitzgerald.
- [Oligopoly Unchecked](https://michael-hudson.com/2022/12/oligopoly-unchecked/) - Platypus interview on The Destiny of Civilization The destiny of civilization: An interview with Michael Hudson On July 15, 2022, Platypus Affiliated Society member D. L. Jacobs interviewed Michael Hudson to discuss his new book, The Destiny of Civilization: Finance Capitalism, Industrial Capitalism or Socialism (2022). An edited transcript follows. D. L. Jacobs: Can tell us
- [Stockholm Syndrome in the Baltics](https://michael-hudson.com/2014/05/stockholm-syndrome-in-the-baltics/) - Michael Hudson on the neo-liberal doublespeak that is causing so much pain in Latvia.
- [Left Forum: Austerity Isnt Working](https://michael-hudson.com/2013/05/left-forum-austerity-isnt-working/) - Michael Hudson joins the Left Forum's panel discussion on whether (post) Keynesian Reforms can deliver movement after austerity's failure. Was austerity a useful weapon in 21st century economic warfare, plunging more economies to the wall to trigger fire sales of public utilities to those with 'good timing'?
- [Obama's Catfood Reform](https://michael-hudson.com/2013/04/obamas-catfood-reform/) - More at The Real News Edited transcript Michael Hudson: Obama's "bargain" on social security reform will push more retirees into poverty in exchange for a minor increase in high end income tax - a class that receives most revenue from capital gain. Obama's Social Security reform April 11, 2013. PAUL JAY, SENIOR EDITOR, TRNN: Welcome
- [Too Big To Jail?](https://michael-hudson.com/2013/03/too-big-to-jail/) - More at The Real News Too Big to Fail Public Banking Needed to Stop "Cannibalization" of the Economy, March 29, 2013. Michael Hudson: As long as finance is left in private hands, you’re going to have austerity and America ending up looking like Greece and Ireland. PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real
- [Banking on Student Debt](https://michael-hudson.com/2013/03/banking-on-student-debt/) - More at The Real News Student debt is the new growth zone for banking revenues. With no student bankruptcy permitted, this is akin to a low risk revenue stream for the financial industry, now second in size to mortgage debt. Solution to Student Debt is to Get the Banks Out of the Education Business Michael
- [Incorporating the Rentier Sectors into a Financial Model](https://michael-hudson.com/2012/09/incorporating-the-rentier-sectors-into-a-financial-model-3/) - by Dirk Bezemer and Michael Hudson As published in the World Economic Association's World Economic Review Vol #1. ABSTRACT Current macroeconomics ignores the roles that rent, debt and the financial sector play in shaping our economy. We discuss the Classical view on rents and policy responses to the rentier sector in the 19th century. The
- [The Inside Man](https://michael-hudson.com/2012/10/the-inside-man/) - The word is out: Treasury Secretary Geithner is the inside man for Wall St according to an explosive new book. The second half of this Keiser Report covers this latest machination in the world of financial crime. The interview has also been dubbed in Spanish. Thanks to Max & Stacy for all their investigative work
- [How Neoliberal Tax and Financial Policy Impoverishes Russia – Needlessly](https://michael-hudson.com/2012/11/how-neoliberal-tax-and-financial-policy-impoverishes-russia-needlessly/) - * A shorter version of this paper has been published in the Russian Academy of Sciences journal, Mir Peremen (The World of Transformations), 2012 (3):49-64 (in Russian). An earlier version was posted by the Global Policy Forum meeting in Yaroslavl, Russia, September 7-8, 2011, on its website. Russian poverty is unnecessary. Like all poverty in
- [Upcoming Events](https://michael-hudson.com/2012/09/upcoming-events/) - There are three upcoming events I will be presenting at: Sept 11: Modern Money & Public Purpose, Jerome Greene Hall, Room 104, Columbia Law School, 435 West 116th St, New York The event will be streamed live and questions can be asked via twitter. Reading Resources September 20-23: The American Monetary Institute’s 8th Annual AMI
- [Union Discussion](https://michael-hudson.com/2012/08/union-discussion/) - Michael Hudson on the Union Solidarity International podcast dissecting the economic predicament, debt deflation, the problems of dollar hegemony, and the need for debt jubilees. Apologies - the audio has a reverb.
- [Hudson, Keiser on 2012 Imperialism](https://michael-hudson.com/2012/01/hudson-keiser-on-2012-imperialism/) - See Dr Hudson with Max Keiser in On the Edge as they sift through the latest issues including the EU, Ron Paul, Austrian economics, Iran and the role of the US dollar.
- [Background Briefing](https://michael-hudson.com/2012/01/background-briefing/) - Michael appeared on KPFK's Background Briefing to discuss the recent Euro downgrades and the state of the EU. What is behind the S & P downgrades? Listen to the interview.
- [Film: Real Estate 4 Ransom](https://michael-hudson.com/2012/03/film-real-estate-4-ransom/) - Michael Hudson features in this 40 min documentary on the role property speculation and public finance had on this Great Recession. What role does economics itself have to blame for policy failure? More details Real Estate 4 Ransom from Real Estate 4 Ransom on Vimeo.
- [Russian Ripoff](https://michael-hudson.com/2011/09/russian-ripoff/) - Michael was recently interviewed on the Renegade Economists following his visit to Medvedev's Global Policy Forum. Listen here Transcription Karl Fitzgerald: Michael Hudson, our old friend here on the Renegade Economists, from the University of Missouri in Kansas City, has just returned from Russia speaking at the Global Policy Forum. Michael, tell us about the
- [Norway's Sovereign Wealth Risk Vortex](https://michael-hudson.com/2011/03/norways-sovereign-wealth-risk-vortex/) - What does Norway get out of its Oil Fund, if not More Strategic Infrastructure Investment? For the past generation Norway has supplied Europe and other regions with oil, taking payment in euros or dollars. It then sends nearly all this foreign exchange abroad, sequestering its oil-export receipts – which are in foreign currency – in
- [Will Iceland Vote “No” or commit financial suicide?](https://michael-hudson.com/2011/04/will-iceland-vote-no-or-commit-financial-suicide/) - A landmark fight is occurring this Saturday, April 9. Icelanders will vote on whether to subject their economy to decades of poverty, bankruptcy and emigration of their work force. At least, that is the program supported by the existing Social Democratic-Green coalition government in urging a “Yes” vote on the Icesave bailout. Their financial surrender
- [Austerity for Prosperity](https://michael-hudson.com/2010/06/austerity-for-prosperity/) - Part 2 Part 3
- [Europe Sacrifices Labour for Finance](https://michael-hudson.com/2010/06/europe-sacrifices-labour-for-finance/) - The “New Austerity” Road Europe is committing fiscal suicide – and will have little trouble finding allies at this weekend’s G-20 meetings in Toronto. Despite the deepening Great Recession threatening to bring on outright depression, European Central Bank (ECB) president Jean-Claude Trichet and prime ministers from Britain’s David Cameron to Greece’s George Papandreou (president of
- [Australia’s Needless Foreign Borrowing](https://michael-hudson.com/2010/05/australias-needless-foreign-borrowing/) - Michael Hudson and Shann Turnbull* (First published via Prosper Australia, written during Michael's recent Oz tour.) Confronted by the global financial crisis that is burying foreign economies deeper in debt deflation each month, Australia needs to protect itself – indeed, to liberate itself from as many costs and risks as it can. Fortunately, many of
- [Global Financial Crisis - Inside America interview](https://michael-hudson.com/2010/04/global-financial-crisis-inside-america-interview/) - With Goldman Sachs finally feeling some pressure, it is an opportune time to look back at the scale of shock depicted in this October 2008 AlJazeera piece. Michael is one of the guests. See the second part here
- [Hudson - Today's Financial Times Article on the Euro Debt Bomb](https://michael-hudson.com/2010/04/hudson-todays-financial-times-article-on-the-euro-debt-bomb/) - This is an edited version of The Coming European Debt Wars. Greece is just the first in a series of European debt bombs about to go off. Mortgage debts in the post-communist economies and Iceland are more explosive. Although most of these countries are not in the eurozone, their debts are largely denominated in euros.
- [Hudson Multimedia Highlights from 'Down Under' Oct. 2009](https://michael-hudson.com/2009/11/hudson-multimedia-highlights-from-down-under-in-oct-2009/) - Following Prof Michael Hudson’s recent tour, here are more multimedia highlights: Visual: Hudson on ABC International with Jim Middleton. Hudson on Switzer – Sky TV Business. Forever Blowing Bubbles – Sydney presentation. Hudson tour slideshow Audio: The Earth v the Neo-Liberal Paradigm – Prosper Australia speech Global Policy Trends in a Financialised Economy – Federal
- [Hudson on Switzer](https://michael-hudson.com/2009/11/hudson-on-switzer/) - Hudson on Switzer – Sky TV Business.
- [Tainted Transactions: An Exchange](https://michael-hudson.com/2000/07/tainted-transactions-an-exchange/) - From The National Interest No. 60 http://www.nationalinterest.org http://www.ciaonet.org/olj/ni/ni_00saj01.html A letter exchange in response to Janine Wedel's “Tainted Transactions: Harvard, Russia and the Chubais Clan” (Spring 2000). Participants: Jeffrey Sachs, Anders Aslund, Marek Dabrowski, Peter Reddaway, Igor Aristov, Wayne Merry, Michael Hudson, David Ellerman, Steven Rosefielde and Janine Wedel. Jeffrey D. Sachs, director of the Center
- [The Bernanke Disaster: Be Afraid; Be Very Afraid](https://michael-hudson.com/2010/02/bernanke-disaster-be-afraid-be-very-afraid/) - Deepening Debt Crisis: The Road to Debt Peonage If the economy deteriorates in the L-shaped “hockey-stick” rut that many economists forecast, what political price will President Obama and the Democrats pay for having returned the financial keys to the Bush Republican appointees who gave away the store in the first place? Reappointing Federal Reserve Chairman
- [FIRE Economy in Crisis](https://michael-hudson.com/2008/04/fire-economy-in-crisis/) - This is an iTulip A link to the iTulip forum can be found here. PDF Part I PDF Part II
- [A Black Agenda Report, The Fictitious Economy, Part 1](https://michael-hudson.com/2008/06/a-black-agenda-report-the-fictitious-economy-part-1/) - A Black Agenda Report Transcript of a Guns And Butter Radio Interview by Bonnie Faulkner originally broadcast on KPFA radio. There is a rising sense of alarm in the United States, as tangible effects of the economic crisis of empire are unmistakably apparent at every hand. Ordinary people are burdened by debt as never before,
- [On the Edge with Max Keiser](https://michael-hudson.com/2009/05/on-the-edge-with-max-keiser/) - Max Keiser (BBC): Bonds going belly up? Sovereign Debt Crisis (government bonds). Introduction: Part I (Stacy Herbert leads in) Part II (Michael starts at 2:20 min into the video) Part III (Michael Hudson's conclusion)
- [War and Debt to Rule](https://michael-hudson.com/2022/11/war-and-debt-to-rule/) - Cross posted from La Tribune Diplomatic International. French version Mohsen Abdelmoumen: Your analysis of Mesopotamian times and the wise rule of Emperors embodied by the practice of the Jubilee (compared to the predation of oligarchies) resonate with the Islamic economic theory which forbids riba (meaning usury) and imposes that banks and creditors share the risk
- [The Rentier Economy is a Free Lunch](https://michael-hudson.com/2022/11/the-rentier-economy-is-a-free-lunch/) - The Real Progressives Live with Michael Hudson on The Destiny of Civilization https://www.youtube.com/watch?v=cD_UcRtljDU [00:00:06] Luke Parcher: All right. For those who might not know me, I'm Luke Parcher, I'm a student and activist. I volunteer with Real Progressives. I'm on our leadership team and I also do a show on Sundays covering politics and current
- [Germany’s position in America’s New World Order](https://michael-hudson.com/2022/11/germanys-position-in-americas-new-world-order/) - Germany has become an economic satellite of America’s New Cold War with Russia, China and the rest of Eurasia. https://www.youtube.com/watch?v=E_zY44YClCY The article this talk was based on: Germany and other NATO countries have been told to impose trade and investment sanctions upon themselves that will outlast today’s proxy war in Ukraine. U.S. President Biden and
- [We Do Read Comments: Re Nader](https://michael-hudson.com/2022/10/we-do-read-comments-re-nader/) - https://www.youtube.com/watch?v=DjM-aj9Ig4E&t=2593s Some follow up comments to my appearance on the Ralph Nader show. I am looking forward to our next Q&A session with Patreon Plus supporters this Friday. Photo by John Cameron on Unsplash
- [The Euro Without German Industry](https://michael-hudson.com/2022/10/the-euro-without-german-industry/) - The reaction to the sabotage of three of the four Nord Stream 1 and 2 pipelines in four places on Monday, September 26, has focused on speculations about who did it and whether NATO will make a serious attempt to discover the answer. Yet instead of panic, there has been a great sigh of diplomatic
- [3rd Edition: Super-Imperialism](https://michael-hudson.com/2021/10/3rd-edition-super-imperialism/) - 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
- [Escaping the Western Rentier](https://michael-hudson.com/2022/10/escaping-the-western-rentier/) - Cross-posted from Pepe Escobar's The Cradle. It is impossible to track the geoeconomic turbulence inherent to the “birth pangs” of the multipolar world without the insights of Professor Michael Hudson at the University of Missouri, and author of the already seminal The Destiny of Civilization. In his latest essay, Professor Hudson digs deeper into Germany’s
- [On the Federal Reserve with Ralph Nader](https://michael-hudson.com/2022/09/on-the-federal-reserve-with-ralph-nader/) - RALPH NADER RADIO HOUR EP 465 https://youtu.be/ewR2caXSXWc TRANSCRIPT, September 17, 2022. Tom Morello: I'm Tom Morello and you're listening to the Ralph Nader Radio Hour. Steve Skrovan: Welcome to the Ralph Nader Radio Hour. My name is Steve Skrovan, along with my co-host, David Feldman. Hello, David. David Feldman: Hello, Steve. Steve Skrovan: And of course,
- [A short history of inflation in modern times](https://michael-hudson.com/2022/09/a-short-history-of-inflation-in-modern-times/) - Economist Michael Hudson joins Multipolarista host Ben Norton to discuss partial student debt relief in the US, inflation and the Fed, disaster capitalism in Ukraine, and China’s challenge to the petrodollar. https://www.youtube.com/watch?v=AEZBOaPKWjw&t=1s Multipolarista · Economist Michael Hudson on debt relief, inflation, Ukraine disaster capitalism, petrodollar crisis Transcript BEN NORTON: Hey everyone, this is Ben Norton
- [Counterpunch to Economic History](https://michael-hudson.com/2022/08/counterpunch-to-economic-history/) - CounterPunch Radio – _July 15, 2022 – Michael Hudson ERIC DRAITSER: Hello and welcome to CounterPunch Radio. My name is Eric Draitser, thanks so much for tuning in, and coming back to the show. First-time listeners finding the show, welcome aboard. Thank you so much, we really appreciate your support. If you want to support
- [Moscow's New Found Independence](https://michael-hudson.com/2022/08/moscows-new-found-independence/) - RT, 8 Aug, 2022 05:05, HomeBusiness News Western sanctions are good for Moscow – US economist A former Wall Street analyst says the Russian economy is being made self-sufficient The economic war unleashed by the West against Russia has backfired and may bring the country much good, former Wall Street financier Michael Hudson has told
- [The Big Context](https://michael-hudson.com/2022/08/the-big-context/) - Interview of Michael Hudson by Andrei The Saker, August 2022 Russian transcript Transcript Key: ATS = Andrei The Saker; MH = Michael Hudson ATS Well first of all, Michael, a huge, huge thank you for agreeing to this conversation. It’s a big pleasure for me to have you here, it's a big honour too, and
- [American Diplomacy as a Tragic Drama](https://michael-hudson.com/2022/07/american-diplomacy-as-a-tragic-drama/) - As in a Greek tragedy whose protagonist brings about precisely the fate that he has sought to avoid, the US/NATO confrontation with Russia in Ukraine is achieving just the opposite of America’s aim of preventing China, Russia and their allies from acting independently of U.S. control over their trade and investment policy. Naming China as
- [Finance Capitalism's Self-Destructive Nature](https://michael-hudson.com/2022/07/finance-capitalisms-self-destructive-nature/) - https://www.youtube.com/watch?v=FS1XQBB3YsQ Transcript of Interview on The Left Lens with Danny Haiphong May 25th, 2022 DANNY HAIPHONG: Good afternoon, everyone. Happy Wednesday, May 25th, welcome to the stream, to another left lens. Today we have a very special guest so as you're coming in make sure you are liking the stream sharing it, make sure that
- [International Trade and MMT with Keen, Hudson](https://michael-hudson.com/2022/07/international-trade-and-mmt/) - Macro and Cheese pod, July 9 2022. Michael Hudson A central tenet of the World Bank from the beginning is to convince countries not to grow their own food, but to create plantation agriculture to prevent family-owned farming of food, to grow plantation export crops and they become dependent on the United States for their
- [The End of Western Civilization](https://michael-hudson.com/2022/07/the-end-of-western-civilization/) - Why it lacks resilience, and What will take its place Paper presented on July 11, 2022 to The Ninth South-South Forum on Sustainability. THE COLLAPSE OF MODERN CIVILIZATION AND THE FUTURE OF HUMANITY. The greatest challenge facing societies has always been how to conduct trade and credit without letting merchants and creditors make money by
- [The Fed’s Austerity Program to Reduce Wages](https://michael-hudson.com/2022/06/the-feds-austerity-program-to-reduce-wages/) - To Wall Street and its backers, the solution to any price inflation is to reduce wages and public social spending. The orthodox way to do this is to push the economy into recession in order to reduce hiring. Rising unemployment will oblige labor to compete for jobs that pay less and less as the economy
- [From Junk Economics to a False View of History: Where Western Civilization Took a Wrong Turn](https://michael-hudson.com/2022/07/from-junk-economics-to-a-false-view-of-history-where-western-civilization-took-a-wrong-turn/) - A presentation to the Building bridges around David Graeber's legacy conference, Paris, Friday July 7, 2022 It may seem strange to invite an economist to give a keynote speech to a conference of the social sciences. Economists have been characterized as autistic and anti-social in the popular press for good reason. They are trained to
- [Mid 2022 Geo-Political Levers at Play](https://michael-hudson.com/2022/07/mid-2022-geo-political-levers-at-play/) - Economist Michael Hudson on inflation and Fed plan to cut wages: A depression is coming Economist Michael Hudson explains the inflation crisis and US Federal Reserve’s “austerity program to reduce wages” and boost unemployment. He warns a “long depression” is coming, due to the new cold war on Russia and China. https://www.youtube.com/watch?v=-AJwMvCxwm0 Economist
- [Pepe Escobar on 'the ultimate handbook'](https://michael-hudson.com/2022/06/pepe-escobar-on-the-ultimate-handbook/) - Pepe Escobar REVIEW of DESTINY In his latest book, economist Michael Hudson pits socialism against finance capitalism and tears apart the ‘dream civilization’ imposed by the 1 percent. By Pepe Escobar, posted with the author’s permission and cross-posted with The Cradle Michael Hudson’s new book on the world’s urgent global economic re-set is sure to ruffle
- [Is US/NATO (with WEF help) pushing for a Global South famine?](https://michael-hudson.com/2022/06/is-us-nato-with-wef-help-pushing-for-a-global-south-famine/) - Is the proxy war in Ukraine turning out to be only a lead-up to something larger, involving world famine and a foreign-exchange crisis for food- and oil-deficit countries? Many more people are likely to die of famine and economic disruption than on the Ukrainian battlefield. It thus is appropriate to ask whether what appeared to
- [Ukraine a Trojan for Germany's US dependence](https://michael-hudson.com/2022/06/ukraine-a-trojan-for-germanys-us-dependence/) - Boos German Interview June 1, 2022 "Taken from an interview with the newly founded German magazine "ViER" which will be published in August 2022." ViER (FOUR), stands for the media as fourth power in checks and balances). (1.) Prof. Hudson, your new book "The Destiny of Civilization" is out now. This lecture series on finance
- [The Dollar Devours the Euro](https://michael-hudson.com/2022/04/the-dollar-devours-the-euro/) - It is now clear that today’s escalation of the New Cold War was planned over a year ago. America’s plan to block Nord Stream 2 was really part of its strategy to block Western Europe (“NATO”) from seeking prosperity by mutual trade and investment with China and Russia. As President Biden and U.S. national-security reports
- [Inflation - A Junk Economics Perspective](https://michael-hudson.com/2022/05/inflation-a-junk-economics-perspective/) - First shared via our Patreon page, where some were interested in sharing this around. The support on Patreon is really appreciated and the community we are building there is solid. Our next Q&A session for Patron plus supporters is set for June. https://www.youtube.com/watch?v=nDwOpAtnXLc Transcript from 'Inflation 2022' - A Zoom panel, organised by the International
- [Calling to Account the Hereditary Warrior Class](https://michael-hudson.com/2022/05/calling-to-account-the-hereditary-warrior-class/) - https://www.youtube.com/watch?v=qlUSqQ8U8T8 Transcript BENJAMIN NORTON: Hey, everyone. I’m Ben Norton, and this is the Multipolarista podcast. And I have the great pleasure of being joined today by one of my favorite guests, one of I think the most important economists in the world today. I’m speaking with Professor Michael Hudson. If you’ve seen any of the
- [China - a Sub-Imperial Ally of the West?](https://michael-hudson.com/2022/04/china-a-sub-imperial-ally-of-the-west/) - Hudson Bond debate PART II March 28, 2022 Is China’s Belt and Road initiative a socialist or capitalist approach to trade? Michael Hudson and Patrick Bond discuss and debate on theAnalysis.news with Paul Jay. https://www.youtube.com/watch?v=khzqxwBJ0js&feature=emb_logo TRANSCRIPT Paul Jay Hi and welcome back to theAnalysis.news, I’m Paul Jay. We’re going to continue our conversation with Patrick Bond
- [Ukraine 4 Steps On](https://michael-hudson.com/2022/05/ukraine-4-steps-on/) - Katie Halper podcast, April 29, 2022 TRANSCRIPT KATIE HALPER: Professor Michael Hudson, thank you so much for joining us. We're really excited to have you. We wanted to start off by asking you if you could provide an overview of what the economics driving this conflict are—and by conflict, I mean the conflict between Russia
- [Grab Bag Imperialism](https://michael-hudson.com/2022/03/grab-bag-imperialism/) - CONSORTIUM NEWS – CN Live! – March 29, 2022 Consortium News Joe Lauria interviews Michael Hudson and Richard Wolff, March 29, 2022 Joe Lauria Welcome to CNLive! Season Four Episode Five: “Ukraine The Economic Fallout.” I'm Joe Lauria, editor in chief of Consortium News. Elizabeth Vos And I'm Elizabeth Vos. Joe Lauria The collective west,
- [Clearing the Fog](https://michael-hudson.com/2022/03/clearing-the-fog/) - March 29, 2022. Margaret Flowers: You're listening to Clearing the FOG, speaking truth to expose the forces of greed, with Margaret Flowers. And now I turn to my guest, Michael Hudson. Michael is the president of the Institute for the Study of Long-term, Economic Trends, ISLET. He's a Wall Street financial analyst and a distinguished
- [Accidental Crisis?](https://michael-hudson.com/2022/03/accidental-crisis/) - NATO-Russia Proxy War: Revealing Signs of a Fading America: Scott Ritter, Michael Hudson - Global Research - Centre for Research on Globalization. GR (Michael Welch): Great privilege to speak with you again Mr. Hudson. Welcome! Michael Hudson: Thanks for having me on! GR: Now, We're seeing NATO unifying together behind the US call to sanction
- [Putin's Rubles](https://michael-hudson.com/2022/03/putins-rubles/) - Cross-posted from The Saker. Following Putin’s announcement about selling gas for Rubles only to hostile nations, I decided to reach out to Michael Hudson and ask him (my level, primitive) questions. Here is our full email exchange: Andrei: Russia has declared that she will only sell gas to “hostile countries” for Rubles. Which means that
- [Sanctions, Energy and Independence](https://michael-hudson.com/2022/03/sanctions-energy-and-independence/) - March 21, 2022 Michael Hudson on Ukrainian Sanctions Ross [00:00:29] Welcome to Renegade Inc. Whatever the outcome in Ukraine, one thing is for sure the economic reverberations will be felt by everyone for years to come as the world divides between the West and a rapidly reshaping Eurasia. Ross [00:00:49] Michael Hudson, always a pleasure
- [Is Chinese Socialism Working?](https://michael-hudson.com/2022/03/is-chinese-socialism-working/) - Paul Jay Hi, welcome to theAnalysis.news, I’m Paul Jay. We’re going to talk about China. We’re going to have two guests who agree on so many things, but they have some disagreements about just what is the character of China, and we’re going to get into that. Please don’t forget the donate button. We can’t do
- [Renegade Predictions](https://michael-hudson.com/2022/03/renegade-predictions/) - Ross [00:00:29] Welcome to Renegade Inc. On this programme, we talk with some of our Renegade Inc. friends and ask them about what surprised them over the last year and, as importantly, what they foresee happening in 2022. Strap in, it's about to get interesting. Ross [00:00:48] Dr Ashley Frawley, wonderful to have you back
- [The American Empire self-destructs.](https://michael-hudson.com/2022/03/the-american-empire-self-destructs/) - But nobody thought that it would happen this fast. Empires often follow the course of a Greek tragedy, bringing about precisely the fate that they sought to avoid. That certainly is the case with the American Empire as it dismantles itself in not-so-slow motion. The basic assumption of economic and diplomatic forecasting is that every
- [Global Financialization 2015 - The state of play](https://michael-hudson.com/2015/06/global-financialization-2015-the-state-of-play/) - Michael Hudson in fine form digging into the geo-political plays determined by financial rent-seeking.
- [Rentier Machinations](https://michael-hudson.com/2015/01/rentier-machinations/) - Prof Michael Hudson on the global machinations unveiling in 20915 from Switzerland's money laundering to Greece, new energy alliances and the role of sanctions.
- [The Ripple of Invasion](https://michael-hudson.com/2022/03/the-ripple-of-invasion/) - https://www.youtube.com/watch?v=O7KSdFKB1sg The west’s massive sanctions war against Russia is having a profound impact on the global economy. Instead of just punishing Russian citizens, consumers in the west and the developing world will also experience economic pain. Globalization itself is being interrupted. The Great Separation is upon us. CrossTalking with Daniel Lazare, Michael Hudson, and Brad
- [America Defeats Germany for the Third Time in a Century](https://michael-hudson.com/2022/02/america-defeats-germany-for-the-third-time-in-a-century/) - The MIC, OGAM and FIRE Sectors Conquer NATO My old boss Herman Kahn, with whom I worked at the Hudson Institute in the 1970s, had a set speech that he would give at public meetings. He said that back in high school in Los Angeles, his teachers would say what most liberals were saying in
- [Patreons: Live Q & A this Thurs eve](https://michael-hudson.com/2022/02/patreons-live-q-a-this-thurs-eve/) - A reminder that this Thurs at 5pm NY time, we have our 1st Q&A with patreons at the Patron Plus level ($9 and above). The discussion will go for 45ish minutes so save up your questions. We are now up to 113 patrons which is very much appreciated. Support my work if you can. Thank
- [America’s real adversaries are its European and other allies](https://michael-hudson.com/2022/02/americas-real-adversaries-are-its-european-and-other-allies/) - The U.S. aim is to keep them from trading with China and Russia The Iron Curtain of the 1940s and ‘50s was ostensibly designed to isolate Russia from Western Europe – to keep out Communist ideology and military penetration. Today’s sanctions regime is aimed inward, to prevent America’s NATO and other Western allies from opening
- [The Blueprint to the US Empire](https://michael-hudson.com/2022/02/the-blueprint-to-the-us-empire/) - https://www.youtube.com/watch?v=c9Ds1h_WMpQ A talk to the Centre for Global Justice. Photo by Sanaan Mazhar from Pexels
- [American Trade Tactics](https://michael-hudson.com/2022/02/american-trade-tactics/) - https://www.youtube.com/watch?v=SsBIKUkHP0o
- [Geithner Turfed Out by EU Bankers](https://michael-hudson.com/2012/04/geithner-turfed-out-by-eu-bankers/) - Prof Hudson appears on the Renegade Economists radio show to discuss the economic growth trap, compound interest, Sumeria, the corruption of economics and how US interests are flexing in the debate over what constitutes a CDO default in the EU. This interview was conducted just days before Greece was given another reprieve. Recorded March 7th
- [Washington Consensus Encloses Ukraine](https://michael-hudson.com/2014/08/washington-consensus-encloses-ukraine/) - Prof Hudson on the enclosure of Ukraine by the WB & IMF. Who is to gain? Joe Biden's son of course.
- [Anti-Russian sentiment a resource play diversion](https://michael-hudson.com/2014/04/anti-russian-sentiment-a-resource-play-diversion/) - Michael Hudson reveals the real motivations behind the Russian invasion of Ukraine - independent tax policy amidst an anti-austerity stance.
- [The Seven Trumpets?](https://michael-hudson.com/2022/01/the-seven-trumpets/) - Cross-posted from The Saker, who writes: Intro: I need to begin with a MAJOR caveat and tell you how/why this “interview” happened. I did not plan to interview Michael Hudson. I was listening to a well known Russian economist, Mikhail Khazin, and I was fascinated by what he was saying. I also understood only some
- [IMF and our Paper on Post-Corona Budgets](https://michael-hudson.com/2022/01/imf-and-our-paper-on-post-corona-budgets/) - Watch to a high level discussion with the IMF's FAD group on our paper Post-Corona Balanced-Budget Super-Stimulus: The Case for Shifting Taxes onto Land with Michal Kumhof, Nicolaus Tideman, Charles Goodall and myself. Enjoy this rich policy detail. Photo by Yunus Tuğ from Pexels
- [Wrestling with Jesse Ventura](https://michael-hudson.com/2022/01/wrestling-with-jesse-ventura/) - https://youtu.be/p0t3U6TzOzA?t=699 On Super Imperialism and acts of (financial) warfare. Photo by Umanoide on Unsplash
- [On Debt Parasites](https://michael-hudson.com/2022/01/on-debt-parasites/) - Debt Parasites We're told that debt forgiveness is impossible, because all debts must be paid, and to do the opposite is to invite anarchy and chaos. But what if none of it was true? Renowned economist Michael Hudson tells Branko Marcetic on New Zealand's 1/200 podcast about the debt jubilees of the ancient world, how Jesus preached
- [WAPE 2021 Outline](https://michael-hudson.com/2022/01/wape-2021-outline/) - For the 15th World Association for Political Economy conference. 50 years ago at the New School in New York City, I taught national income accounting, using as my textbook Marx’s Theories of Surplus Value. That actually was the first history of economic thought, tracing the evolution of classical value theory. The main aim of this
- [Inflation and Illegal Repo Loans](https://michael-hudson.com/2022/01/inflation-and-illegal-repo-loans/) - Economist Michael Hudson explains inflation crisis and Fed's secretive $4.5 trillion bank bailout. Economist Michael Hudson discusses the global inflation crisis and how the US Federal Reserve quietly (and apparently illegally) bailed out big banks in 2019 with $4.5 trillion of emergency repo loans. TRANSCRIPT BENJAMIN NORTON: Hey, everyone. This is Ben Norton, and I'm
- [The Danger of Foreign Denominated Debt](https://michael-hudson.com/2021/12/the-danger-of-foreign-denominated-debt/) - #post_contentMax Keiser and MIchael Hudson discuss Super Imperialism and the various currency wars going on, including Turkey's issues.
- [The Greatest Rip-Off](https://michael-hudson.com/2021/12/the-greatest-rip-off/) - #post_contentThe Greatest Rip-Off
- [On Bitcoin, With Max](https://michael-hudson.com/2021/12/on-bitcoin-with-max/) - #post_contentMax Keiser pummels me on Bitcoin following a discussion on monetary dynamics within the Super Imperialism frame.
- [Falling into Line: Turning Endless Deficits into a Power Base](https://michael-hudson.com/2021/11/falling-into-line-turning-endless-deficits-into-a-power-base/) - Michael Hudson goes into new debts on the role of Super Imperialism and how the uber-rich have ridden the country into the ground.
- [On Trotsky, on Imperialism](https://michael-hudson.com/2021/11/on-trotsky-on-imperialism/) - Michael Hudson discussing imperial pressures in light of Leon Trotsky's work.
- [Did the Squad give away their Bargaining Power?](https://michael-hudson.com/2021/11/did-the-squad-give-away-their-bargaining-power/) - Michael Hudson on the squad's negotiating tactics. Democracy for the wealthy.
- [The Unreformable Democratic Party?](https://michael-hudson.com/2021/11/the-unreformable-democratic-party/) - Joe Biden's agenda dismantled by lobbyists - does this reveal the true nature of the Democratic Party? To protect the Republican Party from the left? Oligopoly or democracy?
- [The Neoliberal Exploitation Under a Super-Imperialism Lense](https://michael-hudson.com/2021/11/the-neoliberal-exploitation-under-a-super-imperialism-lense/) - #post_contentMichael Hudson details recent economic exploitation on a geo-political scale.
- [Piketty vs Hudson](https://michael-hudson.com/2021/10/piketty-vs-hudson/) - 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, Piketty and Hudson debate the role of debt in honour of David Graeber.
- [Post Corona Super Stimulus](https://michael-hudson.com/2021/10/post-corona-super-stimulus/) - 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 An all star team provides both detailed historical insights alongside some of the most thorough theoretical work on why land must be become central to a saner economic framework.
- [The Tight Fist of Special Interests](https://michael-hudson.com/2021/10/the-tight-fist-of-special-interests/) - 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 Prof Hudson goes inside the politiking of the major parties to dissect their medium -> long term aims.
- [We Make the Rules](https://michael-hudson.com/2021/10/we-make-the-rules/) - 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 A whirlwind through current affairs, as if economics matters.
- [The Affront of Chinese Sovereignty](https://michael-hudson.com/2021/10/the-affront-of-chinese-sovereignty/) - 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, Michael Hudson lays out the difference between western and eastern economic structures, revealing a power structure all should understand.
- [The Vocabulary of Neoliberal Diplomacy in Today’s New Cold War](https://michael-hudson.com/2021/09/the-vocabulary-of-neoliberal-diplomacy-in-todays-new-cold-war/) - Michael Hudson analyses the motivations behind George Soros' China attack
- [George Soros’s dream: To turn China into a neoliberal grabitization opportunity](https://michael-hudson.com/2021/09/george-soross-dream-to-turn-china-into-a-neoliberal-grabitization-opportunity/) - In a Financial Times op-ed, “Investors in Xi’s China face a rude awakening” (August 30, 2021), George Soros writes that Xi’s “crackdown on private enterprise shows he does not understand the market economy. … Xi Jinping, China’s leader, has collided with economic reality. His crackdown on private enterprise has been a significant drag on the
- [Global Financial Empire 3](https://michael-hudson.com/2021/08/global-financial-empire-3/) - The 3rd in a 10 part lecture series for the Global University for Sustainability, Hong Kong.
- [Global Financial Empire 2](https://michael-hudson.com/2021/08/global-financial-empire-2/) - The 2nd in a 3 part lecture series for the Global University for Sustainability, Hong Kong. Photo by Scott Gummerson on Unsplash Prof Michael Hudson deciphers the American financial advantage as determined by the dollar and delves into the economic framework supporting monopoly power.
- [Global Financial Empire 1](https://michael-hudson.com/2021/08/global-financial-empire-1/) - A 3 part lecture series for the Global University for Sustainability, Hong Kong. Photo by Ilona Frey on Unsplash Prof Michael Hudson on the international reach the US dollar has enjoyed and how the world is responding.
- [Biden forfeits his Afghan victory by defending his Deep State advisors](https://michael-hudson.com/2021/08/biden-forfeits-his-afghan-victory-by-defending-his-deep-state-advisors/) - President Biden put a popular flag-waving wrapping for America’s forced withdrawal from Afghanistan in his 4 PM speech on Monday. It was as if all this was following Biden’s own intentions, not a demonstration of the totally incompetent assurances by the CIA and State Department as recently as last Friday that the Taliban was over A critical look at the US withdrawl and the deep state machinations this exposes. Geo-political analysis like few others can reveal.
- [Living with Price Above Value](https://michael-hudson.com/2021/07/living-with-price-above-value/) - #post_contentMichael Hudson on the battle to recognise that monopoly interests have ruined economics and the outcomes we so yearn.
- [Finance Capitalism versus Industrial Capitalism: The Rentier Resurgence and Takeover](https://michael-hudson.com/2021/07/finance-capitalism-versus-industrial-capitalism-the-rentier-resurgence-and-takeover/) - #post_contentAn insider's account to how the free market was seconded by aristocrats to serve their mandate without public recognition. More art please.
- [Moving Beyond Dollar Hegemony](https://michael-hudson.com/2021/07/moving-beyond-dollar-hegemony/) - #post_contentTracing the geo-political power balance and the USA's sliding influence post dollar hegemony.
- [Surprise: Corporate Junk Before Students?](https://michael-hudson.com/2021/05/surprise-corporate-junk-before-students/) - #post_contentMichael Hudson identifies why banks prefer junk bonds over student debt, and why this is perfectly legal.
- [The World's Absentee Landlord](https://michael-hudson.com/2021/05/the-worlds-absentee-landlord/) - 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.
- [A choice between yes please and yes thank you](https://michael-hudson.com/2021/05/a-choice-between-yes-please-and-yes-thank-you/) - 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
- [Christian Nationalism's Re-branding of Jesus](https://michael-hudson.com/2021/05/christian-nationalisms-re-branding-of-jesus/) - How have the teachings of Jesus Christ been re-orientated by the powerful to suit their ends? Michael Hudson is prompted by Pastor Jonathon Hartgrove's exepriences.
- [The Honest Sector](https://michael-hudson.com/2021/04/the-honest-sector/) - A history of money and debt through a contemporary lense.
- [Macau Lectures on Super Imperialism](https://michael-hudson.com/2021/04/macau-lectures-on-super-imperialism/) - Michael Hudson presents on Super Imperialism to the prestigious Southwest University, Chongqing, China. How can China remain both independent and more efficient?
- [America’s Neoliberal Financialization Policy vs. China’s Industrial Socialism](https://michael-hudson.com/2021/04/americas-neoliberal-financialization-policy-vs-chinas-industrial-socialism/) - Nearly half a millennium ago Niccolo Machiavelli’s The Prince described three options for how a conquering power might treat states that it defeated in war but that “have been accustomed to live under their own laws and in freedom: … the first is to ruin them, the next is to reside there in person, the third Prof Michael Hudson on the US - China battleground of monopoly capitalism and socialism.
- [Dream House, Nightmare Mortgage: Carry on!](https://michael-hudson.com/2021/04/dream-house-nightmare-mortgage-carry-on/) - 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
- [What Flavour Oligarchy?](https://michael-hudson.com/2021/03/what-flavour-oligarchy/) - #post_contentHudson in discussion with Pepe Escobar on the geo-political landscape, through the lense of rentier economics. The agenda of the 1% under deep analysis.
- [Removing The Debt Barrier To Economic Growth](https://michael-hudson.com/2021/03/removing-the-debt-barrier-to-economic-growth/) - Michael Hudson and Paul Craig Roberts Cross posted from Paul's site. Out of habit, American economists worry about federal debt. But federal debt can be redeemed by the Federal Reserve printing the money with which to retire the bonds. The debt problem rests with individuals, companies, and state and local governments. They have no printing
- [The Democrats Role in Distracting with Identity Politics](https://michael-hudson.com/2021/02/the-democrats-role-in-distracting-with-identity-politics/) - 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
- [At the Oxford Economics Society](https://michael-hudson.com/2021/02/at-the-oxford-economics-society/) - Michael Hudson gives a precis of his world renowned Super Imperialism book to Oxford. Key insights for an
- [A Hard Look at Rent and Rent Seeking](https://michael-hudson.com/2020/12/a-hard-look-at-rent-and-rent-seeking/) - https://www.youtube.com/watch?v=IquO_TcMZIQ&t=37s In this interactive seminar organized jointly by the Henry George School and the International Union for Land Value Taxation, Michael Hudson and Pepe Escobar will unpack one of the most destructive features of our economic system and the many different ways it drives wealth inequality. They will also focus on China and the “Great
- [The rentier resurgence and takeover: Finance Capitalism vs. Industrial Capitalism](https://michael-hudson.com/2021/01/the-rentier-resurgence-and-takeover-finance-capitalism-vs-industrial-capitalism/) - This article is based on Chapter 1 of Cold War 2.0. The Geopolitical Economics of Finance Capitalism vs. Industrial Capitalism (Dresden, ISLET: in press; Chinese translation 2021). © 2020. All rights reserved. Marx and many of his less radical contemporary reformers saw the historical role of industrial capitalism as being to clear away the legacyThis article is based on Chapter 1 of Cold War 2.0. The Geopolitical Economics of Finance Capitalism vs. Industrial Capitalism (Dresden, ISLET: in press; Chinese translation 2021). © 2020. All rights reserved. Marx and many of his less radical contemporary reformers saw the historical role of industrial capitalism as being to clear away the legacy
- [Multipolarity and Financial Capitalism](https://michael-hudson.com/2021/01/multipolarity-and-financial-capitalism/) - 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.
- [Rentiers a bunch of gangsters](https://michael-hudson.com/2021/01/rentiers-a-bunch-of-gangsters/) - Michael 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 On finance, real estate and the powers of neoliberalism
- [Jubillee Perspectives with Steve Keen](https://michael-hudson.com/2020/12/jubillee-perspectives-with-steve-keen/) - Prof Michael Hudson and Steve Keen discuss the strategies towards a jubillee. Important learnings!
- [2020 Election Preview](https://michael-hudson.com/2020/11/2020-election-review/) - An interview with Paul Jay discussing America's democratic quandry.
- [Odd Lots, Bloomberg](https://michael-hudson.com/2020/10/odd-lots-bloomberg/) - An interview on the similarities between covid, the GFC and the historical record.
- [Capitalism's Charade Continues](https://michael-hudson.com/2020/10/capitalisms-charade-continues/) - On Crosstalk alongside Steve Keen on the game that keep giving ... to the 0.01%,
- [
Debt Deflation and the Neofeudal Empire](https://michael-hudson.com/2020/10/
debt-deflation-and-the-neofeudal-empire/) - An interview with Macro & Cheese on the current economic and political machinations of rent-seekers, the rentiers.
- [Debt, Land and Money, From Polanyi to the New Economic Archaeology](https://michael-hudson.com/2020/09/debt-land-and-money-from-polanyi-to-the-new-economic-archaeology/) - An overview of the five volumes that draw a new picture of the Neolithic and Bronze Age Near East that extends the fundamental insights of Karl Polanyi.
- [Vale David Graeber](https://michael-hudson.com/2020/09/vale-david-graeber/) - Prof Michael Hudson on his friendship with David Graeber. RIP.
- [How an “Act of God” Pandemic is Destroying the West](https://michael-hudson.com/2020/08/how-an-act-of-god-pandemic-is-destroying-the-west/) - Prof Michael Hudson on the flexibility a state can enact on behalf of its' citizens during acts of god. The historical record is there to learn from and Hudson provides the insight.
- [A Battle Plan So Subtle It Sends You To Sleep](https://michael-hudson.com/2020/07/a-battle-plan-so-subtle-it-sends-you-to-sleep/) - Michael Hudson with Ellen Brown on Wall Street's financialization of life on earth.
- [Banking as a Public Utility - with Ellen Brown](https://michael-hudson.com/2020/07/banking-as-a-public-utility-with-ellen-brown/) - Michael Hudson and Ellen Brown dig in deep on the true role of banking. What cost the alternative?
- [Remarks from the Systematic Crises Triggered the Current Pandemic teleconference](https://michael-hudson.com/2020/06/remarks-from-the-systematic-crises-triggered-the-current-pandemic-progressive-way-outs-teleconference/) - Michael Hudson on why the financial sector must contribute to recovery efforts and how a debt jubilee could assist.
- [Holding the Bailout Bag](https://michael-hudson.com/2020/06/holding-the-bailout-bag/) - Prof Michael Hudson on the conronavirus bailout strategy. Was this part of the long term plan to enable insiders to sell out of the market via share buybacks?
- [Defining A Tyrant](https://michael-hudson.com/2020/05/defining-a-tyrant/) - An interview on Gary Null's Progressive Commentary Hour. We dig into debts during the cov-19 period in light of my book '...and forgive them their debts.' Photo by Lopez Robin on Unsplash
- [Undermining public finance to drive privatization](https://michael-hudson.com/2020/05/undermining-public-finance-to-drive-privatization/) - Prof Michael Hudson is interviewd by the Democratic Socialists of NY.
- [Definitions and Debate](https://michael-hudson.com/2020/05/definitions-and-debate/) - [Intro] Welcome to the Knowledge Problem Podcast, the objective of this podcast is to engage policy professionals over thought provoking and sometimes sensitive topics. We aim to bring these professionals together in a way that does not feed the tribalistic narratives plaguing society today. It is my hope and the hope of all involved in
- [Dollar Recycling and Military Encirclement](https://michael-hudson.com/2020/05/dollar-recycling-and-military-encirclement/) - Michael Hudson at the Global University for Sustainability, Macau, China on how treasury bond purchases by foreign nationals subsidises the US military encirclement of that very nation.
- [Trump's “Bank and Landlord Relief” bill](https://michael-hudson.com/2020/05/trumps-bank-and-landlord-relief-bill/) - Michael Hudson on the coronacrash bailout bill.
- [The Use and Abuse of MMT](https://michael-hudson.com/2020/04/the-use-and-abuse-of-mmt/) - 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
- [The Hard Fist of American Imperialism](https://michael-hudson.com/2020/04/the-hard-fist-of-american-imperialism/) - Michael Hudson on the IOU hustle to encourage nations to buy US treasury bills. Such purchases subsidise US imperialist efforts to encircle that very country.
- [Covid Plan: More Capital Gains, Not Profits.](https://michael-hudson.com/2020/04/covid-plan-more-capital-gains-not-profits/) - Prof Michael Hudson interviewed on all things Corona virus. How can society survive when rent-seekers have their tentacles around so much of the economy.
- [Another Giveaway](https://michael-hudson.com/2020/04/another-giveaway/) - Prof Michael Hudson with another take on the economic epidemic of coronavirus-19.
- [Due now](https://michael-hudson.com/2020/04/due-now/) - MIchael HUdson with Ross Ashcroft on corona crash economics.
- [Shrinkage and the Rentier's Playground](https://michael-hudson.com/2020/04/shrinkage-and-the-rentiers-playground/) - Michael Hudson on the prospects for the global economy when so much economic firepower has been ensconced in monopolies of various degrees.
- [NPR, cov-19 and "America is strapped".](https://michael-hudson.com/2020/04/npr-cov-19-and-america-is-strapped/) - Michael Hudson on NPR on the a policy that seems radical but entirely sensible.
- [Radical imagination and the intellectual edifice](https://michael-hudson.com/2020/03/radical-imagination-and-the-intellectual-edifice/) - https://www.youtube.com/watch?v=dnHJBUczgE0 Radical Imagination | Imagining How the World of Finance Really Works Host Jim Vrettos interviews Professor Michael Hudson, Economist, Wall St. Analyst, Political Consultant, Commentator and Journalist; who offers his views in the way finance works and Welcome, welcome once again to the Radical imagination. I'm your host, Jim Vrettos. I'm a sociologist who's
- [People's Forum: Economic Lessons for 2020](https://michael-hudson.com/2020/03/peoples-forum-economic-lessons-for-2020/) - Michael Hudson at the People's Forum talking recent economic history to recent Marxist debate.
- [Unpayable Corporate Debt: A Brady Bond Solution for America’s Economic Crisis](https://michael-hudson.com/2020/03/unpayable-corporate-debt-a-brady-bond-solution-for-americas-economic-crisis/) - Michael Hudson on the need for Brady bonds to alleviate upcoming government cash flow pressures.
- [Debt and Power](https://michael-hudson.com/2020/03/debt-and-power/) - Prof Michael Hudson is interviewed by Martin North on the power that debt enables. How far is too far and what have past civilizations done to reform this?
- [Corona Debt Jubilee](https://michael-hudson.com/2020/03/corona-debt-jubilee/) - Prof Michael Hudson on the need for a debt jubilee during these troubled times.
- [The Importance of Neighborhood Banks](https://michael-hudson.com/2020/03/the-importance-of-neighborhood-banks/) - Michael Hudson with Ellen Brown with an indepth look at banking and finance history and its implications.
- [Kindergarten debts](https://michael-hudson.com/2020/03/kindergarten-debts/) - Michael Hudson with Max Keiser, Stacy Herbet, Steve Keen and Randy Voller on the lunacy of student debts amidst a uni bureaucracy crisis.
- [In a struggle between oligarchy and democracy, something must give](https://michael-hudson.com/2020/02/in-a-struggle-between-oligarchy-and-democracy-something-must-give/) - Prof Michael Hudson on the Democratic convention's tension - will they allow Bernie through the gates?
- [On Bernie's Chances](https://michael-hudson.com/2020/02/on-bernies-chances/) - What Bernie can do with Michael Hudson.
- [Equilibrium Theory and Near East Economics](https://michael-hudson.com/2020/01/equilibrium-theory-and-near-east-economics/) - Michael Hudson takes us deep into the economic history of the near east as a juxtaposition with current day fallacies.
- [Democratizing Money - a discussion](https://michael-hudson.com/2020/01/democratizing-money-a-discussion/) - A roundtable discussion with the International Movement for Monetary Reform.
- [Note to China](https://michael-hudson.com/2020/01/note-to-china/) - Michael Hudson offers a warning to China on the machinations of US financial, diplomatic and cultural strategy.
- [Persian Powerplay](https://michael-hudson.com/2020/01/persian-powerplay/) - Cross-posted from The Saker: Introduction: After posting Michael Hudson’s article “America Escalates its “Democratic” Oil War in the Near East” on the blog, I decided to ask Michael to reply to a few follow-up questions. Michael very kindly agreed. Please see our exchange below. Q1: Trump has been accused of not thinking forward, of not
- [America Escalates its “Democratic” Oil War in the Near East](https://michael-hudson.com/2020/01/america-escalates-its-democratic-oil-war-in-the-near-east/) - Michael Hudson explores the deeper tensions behind the Iranian assassination, oil politics and sovereignty.
- [Real Economy 2020](https://michael-hudson.com/2020/01/real-economy-2020/) - An overview interview of 2020 and the US imperial machine.
- [Front Running](https://michael-hudson.com/2020/01/front-running/) - Max Keiser & Stacy Herbert interview MIchael Hudson and Steve Keen on the growing talk about a wealth tax.
- [Asset-Price Inflation and Rent Seeking](https://michael-hudson.com/2019/10/asset-price-inflation-and-rent-seeking/) - A Total-Returns Profile of Economic Polarization in America Michael Hudson Based on work with Dirk Bezemer, with charts by Howard Reed Polarization in America, 23 September 2019 “More than half of all Americans feel pressure and strain, according to the April 2019 Global Emotions Report published by Gallup. Most (55%) Americans recall feeling stressed much
- [Keiser News Spin](https://michael-hudson.com/2019/11/keiser-news-spin/) - Max Keiser interviews Michael Hudson on debt, crisis, jubilee and trade wars. The news we should be hearing.
- [The new concept of 'Reform'](https://michael-hudson.com/2019/11/the-new-concept-of-reform/) - Prof Michael Hudson takes listeners through the new economic model of kleptocracy in a German interview. He has some tough advice for Germans, for democratic supporters.
- [Baltic perspectives with The Saker](https://michael-hudson.com/2019/10/baltic-perspectives-with-the-saker/) - Michael Hudson on geo-political strategic imperatives of Trump's trade wars. Do they help or hinder America's diplomatic efforts with the Baltic states, for example?
- [Break up the Dem Party](https://michael-hudson.com/2019/09/break-up-the-dem-party/) - Michael Hudson on yet another shameless charade in the Democratic candidate shuffling.
- [Ellen Brown on peak debt, Jubilee](https://michael-hudson.com/2019/08/ellen-brown-on-peak-debt-jubilee/) - A precis of my book '....and forgive them their debts' by respected monetary reformer Ellen Brown
- [Charge us More](https://michael-hudson.com/2019/08/charge-us-more/) - Chumps tariffs lead to higher domestic prices, hurting his constituency. Isolationism to accelerate.
- [Global Warming and U.S. National Security Diplomacy](https://michael-hudson.com/2019/08/global-warming-and-u-s-national-security-diplomacy/) - Prof Michael Hudson on the geo-political structures locking in oil dependence. As “the market” became the world’s planner, the ethics reflected in the tax system set the world on fire.
- [The Instrument of Empire](https://michael-hudson.com/2019/08/the-instrument-of-empire/) - So, Canada, the Canadian people unfortunately are deprived of honest representation of provincial desires, provincial needs, by the fact that the financial sector, the banks, are pretty much running the country.” – Michael Hudson On the weekend of July 19-21st, 2019, the University of Manitoba became the venue for the 14th Forum of the World
- [Even He Can't Get Away With It](https://michael-hudson.com/2019/08/even-he-cant-get-away-with-it/) - Trump’s New Tariffs on China Help Pay for his Corporate Tax Cut, TRNN, August 2, 2019, Trump's claim that China is paying for the tariffs is completely false and basically serves to redirect income from his poor supporters to his wealthy supporters. Not only that, the policy will have the consequence of further isolating the
- [Negative Interest, Debt Jubilee?](https://michael-hudson.com/2019/08/negative-interest-debt-jubilee/) - An interview with Max & Stacy on their Double Down Radio show. Click through to listen on Sputnik News. As interest rates head into negative territory and Greek debt yields less than US Treasury debt, DOUBLE DOWN asks economist and historian, Dr. Michael Hudson if any economic theory has ever suggested negative interest rates. Not
- [U.S. Economic Warfare and Likely Foreign Defenses](https://michael-hudson.com/2019/07/u-s-economic-warfare-and-likely-foreign-defenses/) - Michael Hudson on the broad strokes of America's imperialist economic strategy. The defining character of nationhood should be the fiscal right to tax natural resource rents and financial returns, and to create its own monetary system.
- [The Coming Savings Meltdown](https://michael-hudson.com/2019/07/the-coming-savings-meltdown/) - Interest rate cuts can only mean one thing. Savings wiped out in favor of land bubbles. Debts for all with Prof Michael Hudson.
- [How rising housing prices and education are making us poorer](https://michael-hudson.com/2019/07/how-rising-housing-prices-and-education-are-making-us-poorer/) - On the Keiser report, discussing the slow encirclement of our freedoms through economic and educational means.
- [De-Dollarizing the American Financial Empire](https://michael-hudson.com/2019/07/de-dollarizing-the-american-financial-empire/) - Michael Hudson on US imperialist strategems. Understand the dollar orbit and satellite currencies.
- [Food Blackmail, the Washington Consensus and Freedom](https://michael-hudson.com/2019/06/food-blackmail-the-washington-consensus-and-freedom/) - Michael Hudson interviewed by Bonnie Faulkner (Guns & Butter) on the imposing influence the IMF & World Bank have had on global outcomes. In whose interest?
- [3 Marxists on climate change](https://michael-hudson.com/2019/07/3-marxists-on-climate-change/) - More from the Left Forum, 2019.
- [The Left Forum 2019: The end of the 'end of history'](https://michael-hudson.com/2019/07/the-left-forum-2019-the-end-of-the-end-of-history/) - The end of the 'end of history'.
- [Trade Wars for Monopoly Interests](https://michael-hudson.com/2019/06/trade-wars-for-monopolists/) - A 4 way discussion on RT's Cross Talk over Trump's trade wars.
- [Cold War 2.0](https://michael-hudson.com/2019/06/cold-war-2-0/) - Prof Michael Hudson on Trump's trade threats. His poker face is China's patsy. Instead of US desire's for another Yeltsin, Trump is playing this role unifying once disparate forces against US interests.
- [Tax Resistance, Debts and Empire](https://michael-hudson.com/2019/04/empire-and-economics-tax-resistance-debts/) - I appeared at The People's Forum on this highly recommended panel. Join Dr. Michael Hudson, New Testament Scholar, Dr. Aliou Niang and Rev. Dr. Liz Theoharis, Biblical Scholar and co-chair of the Poor People’s Campaign: A National Call for Moral Revival, for a discussion on the history of debt and what it means for our
- [A debt Jubilee for America?](https://michael-hudson.com/2019/05/a-debt-jubilee-for-america/) - Paul Craig Roberts review of '...and forgive them their debts'. We the people can do whatever we want!
- [Are debts sins?](https://michael-hudson.com/2019/05/are-debts-sins/) - Michael Hudson and Ross Ashcroft in another in depth conversation about the historical role of debt and jubilee. Timeless widsom.
- [Inflation: the End?](https://michael-hudson.com/2019/04/inflation-the-end/) - "Is inflation dead?" asks the Bloomberg/BusinessWeek magazine cover. DOUBLE DOWN's Max Keiser & Stacy Herbert talk to Dr Michael Hudson, an economist and author, who laughs out loud at the notion. Inflation in asset prices has soared as witnessed in Berlin recently where tens of thousands took to the street to protest rising rents. The
- [Up in Arms](https://michael-hudson.com/2019/04/up-in-arms/) - The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: A New “Reality Economics” Curriculum Is Needed (Part 4) Cross-posted from Naked Capitalism By John Siman, who is also the author of Part 1, Part 2, and Part 3 in this series John Siman: I want to spell out the implications of the
- [The DNA of Western civilization is financially unstable](https://michael-hudson.com/2019/04/the-dna-of-western-civilization-is-financially-unstable/) - MIchael Hudson John Siman delve in deep over the ancient economic history of Greece and Rome to reveal why those empires fell and relate to modern day trends.
- [The Delphic Oracle as their Davos](https://michael-hudson.com/2019/04/the-delphic-oracle-as-their-davos/) - An interview by John Siman on the Ancient Near East. How did the classical Greeks and Romans address the issue of debt?
- [Mixed economies and monopoly](https://michael-hudson.com/2019/04/mixed-economies-and-monopoly/) - Michael Hudson interviewed by John Siman on the importance of mixed economies. The alternative - face monopoly rule.
- [Monopoly Headlines Finally](https://michael-hudson.com/2019/03/monopoly-headlines-finally/) - Michael Hudson interviewed by Max Keiser on the growing discussion around monopoly, the de-globalisation movement and general neoliberal sentiment.
- [On these times, with Jimmy Dore](https://michael-hudson.com/2019/02/on-these-times-with-jimmy-dore/) - Michael Hudson gives an overview of the times from his unique economic perspective.
- [Super-Imperialism at the Pentagon](https://michael-hudson.com/2019/02/super-imperialism-at-the-pentagon/) - Michael Hudson on EU relations and US impositions. More background on de-dollarization.
- [Trump’s Brilliant Strategy to Dismember U.S. Dollar Hegemony](https://michael-hudson.com/2019/02/trumps-brilliant-strategy-to-dismember-u-s-dollar-hegemony/) - Michael Hudson on the imploding US empire and the last gasps at maintaining the facade of objective international order. What is Venezuela really about?
- [Venezuela as the pivot for New Internationalism?](https://michael-hudson.com/2019/02/venezuela-as-the-pivot-for-new-internationalism/) - Saker interview with Michael Hudson on Venezuela, February 7, 2019 Introduction: There is a great deal of controversy about the true shape of the Venezuelan economy and whether Hugo Chavez’ and Nicholas Maduro’s reform and policies were crucial for the people of Venezuela or whether they were completely misguided and precipitated the current crises. Anybody
- [Heeding the lesson of the ancients](https://michael-hudson.com/2019/02/heeding-the-lesson-of-the-ancients/) - An interview with Dr Simon Radford for the Church Times. IN HIS essay “Economic Possibilities for our Grandchildren”, published in 1930, John Maynard Keynes wrote of his hope that, in the future, people would need pay no attention to the “dismal science” of his field. The study of economics would reach such maturity that ordinary
- [Financial Time's Best Books of 2018](https://michael-hudson.com/2018/11/martin-wolfs-best-books-of-2018/) - Included in Martin Wolf's (FT) favourite books of 2018: . . . and Forgive Them Their Debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year, by Michael Hudson, ISLET-Verlag, RRP $29.95 The American economist Hudson has written a fascinating book on the historical antecedents of the Mosaic debt jubilee. The work of Assyriologists has
- [Guns & Butter: The Vocabulary of Economic Deception](https://michael-hudson.com/2018/12/guns-butter-the-vocabulary-of-economic-deception/) - 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
- [Keiser: Lifting the Debt Weight](https://michael-hudson.com/2018/12/keiser-lifting-the-debt-weight/) - Graeber & Hudson with Keiser, a must watch show on the need for a clean slate future.
- [Hedges, Hudson: Debt-Forgiveness or Feudalism](https://michael-hudson.com/2018/12/hedges-hudson-debt-forgiveness-or-feudalism/) - A detailed perspective on my new book .....and forgive them their debts. Hedges pushes deep into the evolution of money and debt.
- [FT: Wiping the slate clean: is it time to reconsider debt forgiveness?](https://michael-hudson.com/2018/12/ft-wiping-the-slate-clean-is-it-time-to-reconsider-debt-forgiveness/) - Michael Hudson's new book ...And forgive them Their Debts reviewed in the FT by Gillian Tett. With a low growth horizon, perhaps wiping the slate clean will enable a fairer economy?
- [Le Petit Bréviaire Economique de Michael Hudson](https://michael-hudson.com/2018/11/le-petit-breviaire-economique-de-michael-hudson/) - As published on Journal du MAUSS INTRODUCTION: Désordre définitionnel du social et vocabulaire de la tromperie « Il est certain qu’en dernière analyse une langue doit son déclin à des causes politiques et économiques. (…) Elle devient laide et imprécise parce que notre pensée est stupide, mais ce relâchement constitue à son tour une puissante incitation
- [Lessons from Babylonia for Today’s Student Crisis](https://michael-hudson.com/2018/11/lessons-from-babylonia-for-todays-student-crisis/) - As published on Inequality.org Societies have tended to polarize between creditors and debtors since ancient times, but this tendency can and must be reversed. NOVEMBER 21, 2018 Today, the wealthy depict inequality in glowing colors as a byproduct of economies pulling ahead, “creating wealth” by innovations that add to prosperity. This view is unprecedented in
- [EVERYTHING YOU THOUGHT YOU KNEW ABOUT WESTERN CIVILIZATION IS WRONG](https://michael-hudson.com/2018/11/everything-you-thought-you-knew-about-western-civilization-is-wrong/) - A Review of Michael Hudson’s new book .... and Forgive Them Their Debts As published on Naked Capitalism by John Siman To say that Michael Hudson’s new book And Forgive Them Their Debts: Lending, Foreclosure, and Redemption from Bronze Age Finance to the Jubilee Year (ISLET 2018) is profound is an understatement on the order
- [The New Economic Archaeology of Debt](https://michael-hudson.com/2002/04/the-new-economic-archaeology-of-debt/) - Introduction to Debt and Economic Renewal in the Ancient Near East (ed. with Marc Van De Mieroop) (CDL Press, Baltimore, 2002) Economists, anthropologists and assyriologists have discussed the origins of debt and the setting of interest rates from such different perspectives that there has been remarkably little overlap or mutual discussion. Indeed, when economic theorists
- [BBC and Babylonia's Debt Wisdom](https://michael-hudson.com/2018/11/bbc-on-forgive-them-their-debts/) - An interview on BBC's Business Matters, promoting the new book ....and Forgive Them Their Debts, now available at Amazon.
- [Banking Deep Dive](https://michael-hudson.com/2018/10/banking-deep-dive/) - An interview with one of the best in the business, Bonnie Faulkner (Guns and Butter). 2018 marks the 10th anniversary of the stock market crash of 2008; the current financial malaise is the result of the bank bailouts, not the crash; an over-indebted economy cannot be saved unless the banks fail; debt deflation; the magic
- [From Marx to Goldman Sachs: The Fictions of Fictitious Capital](https://michael-hudson.com/2010/07/from-marx-to-goldman-sachs-the-fictions-of-fictitious-capital1/) - As published in Critique, based on a presentation given at the China Academy of Sciences, School of Marxist Studies in Beijing in November 2009, and at the Left Forum in New York City, March 20, 2010. Classical economists developed the labor theory of value to isolate economic rent, which they defined as the excess of
- [Real Estate: Growth, Crash, or Soft Landing?](https://michael-hudson.com/2006/12/real-estate-growth-crash-or-soft-landing/) - Speech at Wariton Valley Community College. Listen here
- [The Plot to Shift Taxes Off Wealth onto Wage Earners](https://michael-hudson.com/2007/08/the-plot-to-shift-taxes-off-wealth-onto-wage-earners/) - Guns and Butter, KPFA. "AAA rating of subprime junk; inflation; change in world order; privatization of banking system through the Federal Reserve; Alan Greenspan and the 1982 Social Security Committee; junk economics; windfall profits; the law of fraudulent conveyance." Listen here
- [Landlords and bankers back in charge of the economy again](https://michael-hudson.com/2009/10/landlords-and-bankers-back-in-charge-of-the-economy-again/) - This commentary from the Daily Reckoning can be read here
- [The Lost Science of Classical Political Economy](https://michael-hudson.com/2009/12/the-lost-science-of-classical-political-economy/) - neweconomicperspectives There is a seeming riddle in the recent evolution of economic thought. It has become more otherworldly and abstract, more detached from the reality of how economies are running deeper into debt to a financial oligarchy. The global economy itself is polarizing between creditor and debtor nations, financial core and periphery (even as the
- [Debt Ceiling Set For Progressive Repealing](https://michael-hudson.com/2011/07/debt-ceiling-for-progressive-repealing/) - Mr. Obama’s scare tactics to get Democrats to vote for his Republican Wall Street plan The Wall Street bailout melodrama should be viewed as a dress rehearsal for today’s debt-ceiling non-crisis. You know that the debt kerfuffle is as melodramatically staged as a World Wrestling Federation exhibition when Mr. Obama makes the blatantly empty threat
- [History of Debt and Credit](https://michael-hudson.com/2007/10/history-of-debt-and-credit/) - Bloomberg radio with Lewis Lapham, Laphams Quarterly. Listen here
- [History of Debt and Credit](https://michael-hudson.com/2007/11/history-of-debt-and-credit-2/) - Debt cancellation. History of Debt and Credit, Bloomberg radio with Lewis Lapham, Laphams Quarterly.
- [Bailout for McCain](https://michael-hudson.com/2008/09/bailout-for-mccain/) - An interview by Karl Fitzgerald, Renegade Economists podcasts. Bailout for McCain
- [US Seizes Control of AIG with $85 Billion Bailout](https://michael-hudson.com/2008/09/us-seizes-control-of-aig-with-85-billion-bailout/) - A democracynow interview with Nomi Prins and Michael Hudson. Audio of democracyNow interview. A copy of the video can also be downloaded from here. The US government has seized control of insurance giant American International Group in an unprecedented $85 billion bailout. The Federal Reserve made the deal on Tuesday to save AIG from collapse
- [Houses as a Tax Shelter](https://michael-hudson.com/2008/09/houses-as-a-tax-shelter/) - Houses as a Tax Shelter, interview by Karl Fitzgerald, from the Renegade Economists podcast. Houses as a Tax Shelter
- [Guns and Butter: The Bailout’s New Financial Oligarchy](https://michael-hudson.com/2008/10/guns-and-butter-the-bailouts-new-financial-oligarchy/) - Guns and Butter Interview on KPFA radio. For part one of this interview click here. “If you want to see the ideal of the World Bank and the IMF, look at the Russian, Latvian and Estonian economies. They have shrunk as if there were a war on. And in a sense it is a war
- [Privatizing Social Security to Inflate Stock Market Prices](https://michael-hudson.com/2002/11/privatizing-social-security-to-inflate-stock-market-prices/) - Contents Introduction Why it was regressive to fund Social Security as an autonomous system Financial engineering vs. industrial profits and employment Social Security, forced saving and Labor Capitalism What if the stock market does boom? Will that save Social Security? Introduction This would not seem to be an auspicious time to mount a campaign to
- [Guns and Butter: The New Kleptocracy](https://michael-hudson.com/2008/10/guns-and-butter-the-new-kleptocracy/) - Guns and Butter Interviews on KPFA radio. You can read part two of this interview, The Bailouts New Financial Oligarchy, here. “Considering that there is an $800 billion giveaway, to be followed by another trillion and another trillion after that, this is the biggest giveaway since the land giveaway to the railroads in the mid-nineteenth
- [Could/Should Jubilee Debt Cancellations be Reintroduced Today?](https://michael-hudson.com/2018/01/could-should-jubilee-debt-cancellations-be-reintroduced-today/) - An academic paper on the need for debt relief in light of the thousands of years of historical context.
- [A Travesty of Protectionism](https://michael-hudson.com/2018/03/a-travesty-of-protectionism/) - Prof Michael Hudson on the history of smart US protectionism, compared to trump's clumsy attempts . Will it make any difference? Not for the better.
- [America Unzipped](https://michael-hudson.com/2014/08/america-unzipped/) - Max Keiser interviews Michael Hudson on recent developments with the New Development bank, Russian Sanctions & Argentinian defaults.
- [Deciphering Geo-Political Games](https://michael-hudson.com/2018/09/deciphering-geo-political-games/) - Professor Michael Hudson discusses the globalisation fallout as new trading blocs distance themselves from US dollar denominated trade. Will the US be able to maintain its imperialist tendencies in light of these trends? How much further can the rentiers push their free-for-all? The show finishes with an overview of Michael’s new book ‘And forgive them
- [Bronze Age Redux](https://michael-hudson.com/2018/04/bronze-age-redux/) - A GATHERING OF THE TRIBES BRONZE AGE REDUX: On Debt, Clean Slates And What The Ancients Have To Teach Us The Michael Hudson Interview by Harold Crooks for A Gathering of The Tribes Magazine. One of the most compelling sequences in the Oscar-winning Inside Job, Charles Ferguson’s indictment of Wall Street’s role
- [Scenes from the Spider's Web](https://michael-hudson.com/2018/09/scenes-from-the-spiders-web/) - At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players
- [The Lehman's Limp](https://michael-hudson.com/2018/09/the-lehmans-limp/) - 10 Years Since Lehman Brothers Bankruptcy – Did the Economy Really Recover? September 19, 2018 MARC STEINER: Welcome to The Real News Network. I’m Marc Steiner. Great to have you with us once again. On September 15, 2008, the financial meltdown began with the bankruptcy of the Lehman Brothers. That was 10 years ago. The shock
- [The Lehman 10th Anniversary spin as a Teachable Moment](https://michael-hudson.com/2018/09/the-lehman-10th-anniversary-spin-as-a-teachable-moment/) - Wall Street did not let the Lehman Brothers crisis go to waste. The banks that have paid the largest fines for financial fraud are now much bigger and more profitable. The victims of their junk mortgage loans are poorer, and the economy is facing debt deflation. Was it worth it? What was not saved was
- [Wiping the Debt Slate Clean](https://michael-hudson.com/2018/09/wiping-the-debt-slate-clean/) - With Max Keiser on the history of debt from the Bronze Age onwards. Max poses the question, has a historical precedent been set with the bailing out of creditors, not debtors in 2008?
- [Life & Thought: An Autobiography](https://michael-hudson.com/2018/08/life-thought-an-autobiography/) - This interview was conducted at Peking University for the Second World Conference, May 7, 2018. It was conducted by Lau Kin Chi of the Global University for Sustainability. A visual transcription is available here. I was born in Minneapolis, which is the only city in the world that was a Trotskyist city. During the 1930s
- [E Peshine Smith: A Study in Protectionist Growth Theory and American Sectionalism](https://michael-hudson.com/2012/12/e-peshine-smith-a-study-in-protectionist-growth-theory-and-american-sectionalism/) - NY University, PhD, 1968, Michael Hudson Peshine Smith (1814 - 82) was probably the most sophisticated of the pre-Civil War protectionists. What he attempted was no less a task than to transform protectionist economic thought from a body of disparate and often self-contradictory parts into an integrated doctrine of economic growth, and to develop political
- [The “Next” Financial Crisis and Public Banking as the Response](https://michael-hudson.com/2018/08/the-next-financial-crisis-and-public-banking-as-the-response/) - Introduction and Transcript: In this episode of The Hudson Report, we speak with Michael Hudson about the implications of the flattening yield curve, the possibility of another global financial crisis, and public banking as an alternative to the current system. Paul Sliker: Michael Hudson welcome back to another episode of The Hudson Report. Michael Hudson:
- [Argentina: Loans upon Loans](https://michael-hudson.com/2018/07/argentina-loans-upon-loans/) - Michael Hudson: Argentina’s New $50 Billion IMF Loan Is Designed to Replay its 2001 Crisis, July 23, 2018. The recently elected neoliberal government of Mauricio Macri has decided to seek a $50 billion IMF credit line, which will only enable more capital flight for the upper class and greater unpayable debt for the rest of
- [Argentina Back on the Debt Train](https://michael-hudson.com/2018/07/argentina-back-on-the-debt-train/) - THE HUDSON REPORT: Argentina gets biggest IMF loan in history. July 9, 2018. Left Out podcast: In this episode, Paul Sliker speaks with Michael Hudson about the economic and political implications of the International Monetary Fund's $50 billion loan to Argentina, which is the largest IMF credit line in history. Find the audio here Paul
- [Left Forum on Negative Economics](https://michael-hudson.com/2018/06/left-forum-on-negative-economics/) - A presentation on the current contributors to growth.
- [Ho Hum - More Trade Threats](https://michael-hudson.com/2018/04/ho-hum-more-trade-threats/) - Prof Michael Hudson in detail on Trump's trade threats. Economic illiteracy personified.
- [China's Export Competitiveness = Underpaying Women](https://michael-hudson.com/2018/06/chinas-export-competitiveness-underpaying-women/) - Max Keiser probes away on my recent visit to China. We delve into the Chinese development model.
- [Left Forum: Money Matters](https://michael-hudson.com/2018/06/left-forum-money-matters/) - One of the highlights of the NY academic calendar is the Left Forum. On this panel I was joined by Stephanie Kelton, alongside Gar Alperovitz, Pavlina Tchernova and Raul Carillo.
- [Jesus: the economic activist](https://michael-hudson.com/2018/04/jesus-the-economic-activist/) - Prof Michael Hudson provides an extraordinary insight into some of Jesus most prominent statements. Was he really an economic activist?
- [Trade Advantage Replaced by Rent Extraction](https://michael-hudson.com/2013/12/trade-advantage-replaced-by-rent-extraction/) - I was interviewed on the Renegade Economists radio/ podcast entitled Crony Competition on the road to Unearned Income: Prof Michael Hudson gives a wrap on the economics of 2013 as we discuss Detroit, Iceland, Madoff, Marx and Blackstone Capital. Why Comparative Advantage was replaced by Rent Extraction - with Prof Michael Hudson by Renegadeeconomists on
- [Think Tank Memories](https://michael-hudson.com/2014/10/think-tank-memories/) - Prof Michael Hudson delves into the history of think tanks from his unique perspective, revealing their influence on US politics.
- [The Public Interest & its Planned Obsolescence](https://michael-hudson.com/2015/08/the-public-interest-its-planned-obsolescence/) - MIchael Hudson in an extended interview on the Renegade Economists re the state of economic warfare from Greece, China to Denmark. QE for the people?
- [Super Imperialism in 84 seconds](https://michael-hudson.com/2015/12/super-imperialism-in-84-seconds/) - Michael Hudson interviews on the economic trends for 2015, explaining the advantages to US dollar denominated international trades in terms of budget deficits and military budgets.
- [Academic Propaganda Protecting US Financial Imperialism](https://michael-hudson.com/2018/06/academic-propaganda-protecting-us-financial-imperialism/) - An interview on the Renegade Economists radio show, Australia.
- [Michael Hudson's "TED TALK” on Economics](https://michael-hudson.com/2017/10/reality-detours/) - Prof Michael Hudson with Ross Ashcroft of Renegade Inc discussing Junk Economics. As society falters, economics continues unabated.
- [Our Very Own Oscar Night in Rimini](https://michael-hudson.com/2012/02/mmt-theory-as-an-ecb-alternative/) - 2,181 Italians pack a Sports Arena to learn Modern Monetary Theory: The Economy doesn’t Need to suffer Neoliberal Austerity I have just returned from Rimini, Italy, where I experienced one of the most amazing spectacles of my academic life. Four of us associated with the University of Missouri at Kansas City (UMKC) were invited to
- [MMT as the Austerity Alternative](https://michael-hudson.com/2012/03/mmt-as-the-austerity-alternative/) - Michael appeared on Guns and Butter alongside Assoc Professor Stephanie Kelton in Rimini. Listen to the interview aired March 7th. Make sure you read Michael's piece on Our Very Oscar Night in Rimini for more background. "There IS An Alternative To European Austerity: Modern Money Theory (MMT)" with Stephanie Kelton and Michael Hudson in Rimini,
- [MH in the Classroom](https://michael-hudson.com/2012/11/mh-in-the-classroom/) - Michael Hudson's talk at the joint seminar on "Modern Monetary Theory" and "Monetary Circuit Theory" held at the Fields Institute on Tuesday July 3rd. Outlining his model at Canada’s Fields Institute, the world’s leading mathematical institute. At the meeting with Steve Keen, Stephanie Kelton,Nathan Tankus et al.
- [China's housing: It Doesn't Have to be This Way](https://michael-hudson.com/2018/06/chinas-housing-it-doesnt-have-to-be-this-way/) - Michael Hudson discusses his recent trip to China and the effect of high housing prices. Reliance on US economic teachings is leading to poor economic policy.
- [An Overview - Welcome Words](https://michael-hudson.com/2018/05/an-overview-welcome-words/) - Paul Craig Roberts writes on the economic distortions students face in understanding reality. Significant elements to economic analysis have been removed, blindsiding analysts from the issues that really matter.
- [“Creating Wealth” through Debt:  The West’s Finance-Capitalist Road](https://michael-hudson.com/2018/05/creating-wealth-through-debt-the-wests-finance-capitalist-road/) - Prof Michael Hudson on the opportunity China faces. Follow the west's lead or drive for the reform agenda that the classical thinkers pursued for centuries. The FIRE sector is a danger to a nation's future. Why?
- [Palatial Credit: Origins of Money and Interest](https://michael-hudson.com/2018/04/palatial-credit-origins-of-money-and-interest/) - Origins of Money and Interest: Palatial Credit, not Barter Neolithic and Bronze Age economies operated mainly on credit. Because of the time gap between planting and harvesting, few payments were made at the time of purchase. When Babylonians went to the local alehouse, they did not pay by carrying grain around in their pockets. They
- [High Cost Economy](https://michael-hudson.com/2018/04/high-cost-economy/) - Michael Hudson discusses how the infrastructure selloff will undercut US competitiveness.
- [There's an idea - deregulate the banks!](https://michael-hudson.com/2018/04/theres-an-idea-deregulate-the-banks/) - Prof Michael Hudson on the latest banking deregulation. Incredible that the solution is less oversight.
- [The Hudson Report: Ep 1 Debtors Prisons 2018](https://michael-hudson.com/2018/03/the-hudson-report-ep-1-debtors-prisons-2018/) - A new 15 minute discussion on the economic issues of the day with Prof Michael Hudson. This 1st episode discusses the tradition of debt jubilees and the willingness of political leaders to enact such principles. But the powers that be had pother thoughts....
- [National Security Deep State Saunter](https://michael-hudson.com/2018/03/national-security-deep-state/) - Max Keiser and Prof Michael Hudson try to make sense of the contradictory policies pulling at the seams of a once great nation.
- [Tariff Talk](https://michael-hudson.com/2018/03/tariff-talk/) - Prof Michael Hudson interviewed on Max Keiser's RT show. Trumps' trade strategies broken down.
- [Trade Deal Busting](https://michael-hudson.com/2018/03/trade-deal-busting/) - Prof Michael Hudson on Democracy Now, in debate with Lori Wallach. Will this really help US producers?
- [Tollbooth Trump](https://michael-hudson.com/2018/02/tollbooth-trump/) - Making America Great Again.... for the robber barons. Trumps infrastructure plan revealed as a giant free-for-all for insiders.
- [Greek debt update](https://michael-hudson.com/2018/02/greek-debt-update/) - 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
- [Public Banking perspectives](https://michael-hudson.com/2018/01/public-banking-perspectives/) - Michael Hudson joins Ellen Brown and Princetown Community TV to discuss the potential for public banking. An important discussion on the alternatives available to costly private banking. How much better off would the economy be?
- [Germany’s choice](https://michael-hudson.com/2017/11/germanys-choice/) - Michael Hudson in a preface to the 2017 German edition of the 1972 classic Super-Imperialism. Hudson reflects on the will of the US to bend major institutions to its favor.
- [Year End 2017](https://michael-hudson.com/2018/01/year-end-2017/) - 2017: A Banner Year for Corporate Mergers, Which Further Deepens Inequality The RealNews Network, January 2, 2018. Low interest rates, "quantitative easing," and the mitigation of antitrust laws led to more mergers and acquisitions in 2017, but that's only going to fuel greater wealth inequality and tighten the corporate grip on the political system, explains economist
- [Timeless Sparring](https://michael-hudson.com/2017/12/timeless-sparring/) - Prof Michael Hudson dukes out with Australia's Renegade Economist on the nature of economic rent - who claims the bounty - landlords or banksters?
- [On Simon Patten](https://michael-hudson.com/2017/12/on-simon-patten/) - Prof Michael Hudson is interviewed in this extensive article on the life and influence of the respected economist Simon Patten.
- [Socialism, Land and Banking: 2017 compared to 1917](https://michael-hudson.com/2017/10/socialism-land-and-banking-2017-compared-to-1917/) - Prof Michael Hudson on the dangers Russian and Chinese students face in studying in US universities. So much is NOT taught in economics courses.
- [Zero Government 101](https://michael-hudson.com/2017/10/zero-government-101/) - Prof Michael Hudson discusses how Wall St's 'central planners' are set to take the demolition of the mixed economy. Privatisation central.
- [Fictitious Economy](https://michael-hudson.com/2017/10/fictitious-economy/) - Prof Michael Hudson on the Gary Null show, applying the microscope to Trump's trickery.
- [What Tax Plan?](https://michael-hudson.com/2017/10/what-tax-plan/) - Prof Michael Hudson on TRRN discussing how it should be called the Leona Helmsley tax plan,' says economist Michael Hudson. 'Only the little people will pay taxes'.
- [Trump's Tax Tricks](https://michael-hudson.com/2017/10/trumps-tax-tricks/) - Prof Michael Hudson on Thom Yorkmann's show, discussing the latest neo-con policy fraud.
- [Richard Wolff interviews](https://michael-hudson.com/2017/08/richard-wolff-interviews/) - Join a conversation with two of America's leading socialists, Richard Wolff and Michael Hudson, on the duplicitous nature of economic thinking.
- [Change: One Day](https://michael-hudson.com/2017/08/change-one-day/) - Michael Hudson and Max Keiser delve into the financial trickery pushing the bubble along.
- [Stock on Trumponomics](https://michael-hudson.com/2017/08/stock-on-trumponomics/) - Michael Hudson discusses the real reason for the rise of the stockmarket, pricking Trump's bubble that this is a good sign for the economy.
- [Dad's Many Proverbs](https://michael-hudson.com/2017/06/dads-many-proverbs/) - These proverbs were collected by my father, Carlos Hudson, during the time he was jailed under the Smith Act in 1941, ostensibly for “Advocating the overthrow of the government by force and violence,” It was called the “gag act” because it put a gag on what one could read or say. Guilt was determined by
- [The Sins of Junk Economics](https://michael-hudson.com/2017/06/the-sins-of-junk-economics/) - Michael Hudson alongside Michael Perelman and Bertell Ollman discussing capitalisms worst sins - three answers. Enjoy.
- [Harper's Slow Crash](https://michael-hudson.com/2017/06/harpers-slow-crash/) - Prof Michael Hudson on his front cover Harper's Magazine 2006 predictions through to today. Are we back in the same situation?
- [Cancel Odious Greek Debts](https://michael-hudson.com/2017/06/cancel-odious-greek-debts/) - Professor Michael Hudson on the drain Greek debts are placing on the economy and how the troika must cancel the debts.
- [A Single Enemy](https://michael-hudson.com/2017/06/a-single-enemy/) - Prof Michael Hudson on Australia's economic miracle, in the process pulling apart the economic 'theory' underpinning rising property prices, free trade and record growth.
- [Are Students a Class?](https://michael-hudson.com/2017/05/are-students-a-class/) - MICHAEL HUDSON on the growing gulf between generations, as defined by student debt.
- [Vancouver's Internal Contradictions](https://michael-hudson.com/2017/05/vancouvers-internal-contradictions/) - Michael Hudson on the global property crisis and the growing realization that rising land prices don't make a society wealthier.
- [Another Housing Bubble?](https://michael-hudson.com/2017/05/another-housing-bubble/) - Michael Hudson on the state of hope in the US with record high housing prices alongside record high student debt.
- [BC Pipeline Poll](https://michael-hudson.com/2017/05/bc-pipeline-poll/) - Michael Hudson on TRRN discussing the natural resource giveaway and the corner the Greens find themselves in.
- [Jargon, Junk Reviewed](https://michael-hudson.com/2017/05/jargon-junk-reviewed/) - A book review of J is for Junk Economics by Peter Koenig, giving insights to this important book. An economic thriller he says!
- [IMF to Greece: Sorry We'll Destroy You](https://michael-hudson.com/2017/05/imf-to-greece-sorry-well-destroy-you/) - Michael Hudson on the latest round of Greek debt negotiations. The pain continues, but why?
- [Review of Steve Keen’s “Can we void another  financial crisis?”](https://michael-hudson.com/2017/05/review-of-steve-keens-can-we-void-another-financial-crisis/) - Michael Hudson reviews Steve Keen's new book and its focus on the role of debt as the neo-liberal economist's blindspot. A way forward is possible.
- [Vancouver: the Curse of a Real Estate Boom](https://michael-hudson.com/2017/04/vancouver-the-curse-of-a-real-estate-boom/) - MIchael Hudson in yet another global city suffering from the easy profits to be made in real estate.
- [Let's Run Government for Business](https://michael-hudson.com/2017/04/lets-run-government-for-business/) - Prof Michael Hudson on the evolving meme that gov be run as a business - only 'to screw labor, screw the environment'. All the things a democracy is for.
- [The Democracy Collaborative](https://michael-hudson.com/2017/03/the-democracy-collaborative/) - Michael Hudson gives a fireside overview to the state of economic policy amidst the feasting fire sector. Classic!
- [The Real Russiagate: Obama’s Stasi State](https://michael-hudson.com/2017/04/the-real-russiagate-obamas-stasi-state/) - by Michael Hudson and Paul Craig Roberts Mike Whitney has written an excellent expose of the “Russiagate” cover story for Obama’s political use of national security to help his party oppose Republicans. Covert surveillance of politicians on Obama’s Nixon-like “Enemies List” has been going on for many years, but is only now being unmasked as
- [Democrats "Kompromat"](https://michael-hudson.com/2017/04/democrats-kompromat/) - Michael Hudson gives background to the Russiagate hearings with damaging insights to the subservience of the Democrats to the neo-con architecture.
- [Paul Craig Roberts on Junk Economics](https://michael-hudson.com/2017/04/paul-craig-roberts-on-junk-economics/) - Paul Craig Roberts on why anyone concerned about neoliberal economics needs to read this major piece of work
- [Emptying Out Economies](https://michael-hudson.com/2017/04/emptying-out-economies/) - Prof Michael Hudson on J is for Junk Economics. How twisted vocabulary is a get out of jail pass for 1%ers to empty out economies around the planet.
- [Bloomberg’s Hit Job on Venezuela – and Me](https://michael-hudson.com/2017/04/bloombergs-hit-job-on-venezuela-and-me/) - MIchael Hudson on the other side of an interview - having your worlds twisted to suit a journalists hit rate. Hudson tells the real story
- [Celebrating the One Percent: Is Inequality Really Good for the Economy?](https://michael-hudson.com/2016/09/celebrating-the-one-percent-is-inequality-really-good-for-the-economy/) - Michael Hudson reviews two prominent recent books and their treatment of inequality in an age of rent-seeking.
- [Wall Street First](https://michael-hudson.com/2017/03/wall-street-first/) - Prof Michael Hudson on the gaping policy hole the neoliberal dominance of the Democratic has left. Trump's billionaire cabinet are to run unchallenged on economic policy.
- [Junk Economics at the Democracy Collaborative](https://michael-hudson.com/2017/03/junk-economics-at-the-democracy-collaborative/) - Prof Michael Hudson on tour discussing his new book J is for Junk Economics. As usual a lightening rod strikes through American economic history. Compelling viewing.
- [US Imperialism funded by the conquered](https://michael-hudson.com/2017/03/us-imperialism-funded-by-the-conquered/) - Michael Hudson on the contortions of economic understanding through the prism of US economic history.
- [Retirement. What Social Obligation?](https://michael-hudson.com/2017/03/retirement-what-social-obligation/) - Michael Hudson exposes the tender side to social security payments. How have the 1% helped themselves to gamble with workers pension savings?
- [Why Deficits Hurt Banking Profits](https://michael-hudson.com/2017/03/why-deficits-hurt-banking-profits/) - Michael Hudson provides an MMT perspective on why governments are avoiding deficits. It hurt's their banking donors profitability.
- [Focus on Capital Gains](https://michael-hudson.com/2017/03/focus-on-capital-gains/) - Michael Hudson on the capital gains insiders prefer. How can they be taxed effectively to reduce pressure on society?
- [Alluring Infrastructure Income](https://michael-hudson.com/2017/03/alluring-infrastructure-income/) - Michael Hudson on the drive to privatize infrastructure so that insiders can access the monopoly rents.
- [Election Choices](https://michael-hudson.com/2016/10/election-choices/) - Prof Michael Hudson with Ross Ashcroft, discussing the upcoming US election.
- [How Debt Makes the Rich Richer](https://michael-hudson.com/2016/11/how-debt-makes-the-rich-richer/) - Prof Michael Hudson in Germany discussing the role of poor tax systems and their resultant debt-deflation/ privatization matrix.
- [Golden Tongues](https://michael-hudson.com/2016/12/golden-tongues/) - Michael Hudson on the Orwellian Turn in Contemporary Economics, TRNN, November 17, 2016. Economist Michael Hudson sits down with Sharmini Peries to talk about the elections and his new book J is for Junk Economics [Out January 20, 2017). SHARMINI PERIES, TRNN: It’s the Real News Network. I’m Sharmini Peries coming to you from Baltimore.
- [Euphemise to Conceal](https://michael-hudson.com/2017/02/euphemise-to-conceal/) - Michael Hudson discusses his new book J is for Junk Economics and how language has been contorted to cover up the crime of the century - rent-seeking writ large
- [Bad Lenders Make Bad Loans](https://michael-hudson.com/2017/02/bad-lenders-make-bad-loans/) - Michael Hudson on IMF's poor lending to Greece - the loan was never intended to be repaid.
- [Fake economy](https://michael-hudson.com/2017/02/fake-economy/) - Michael Hudson on the Keiser Report discussing Trump's fake era.
- [EU Infrastructure Undermines Sovereignty](https://michael-hudson.com/2015/07/eu-infrastructure-undermines-sovereignty/) - Prof Michael Hudson on the systemic control high finance has over national sovereignty.
- [Why Greece's Debt is Illegal](https://michael-hudson.com/2015/07/why-greeces-debt-is-illegal/) - Michael Hudson spells out why Greece's debts are odious and must be dropped.
- [Democracy Now: China stocks over consumption](https://michael-hudson.com/2015/08/democracy-now-china-stocks-over-consumption/) - Michael Hudson with Amy Goodman on Democracy Now, discussing China, Greece, his new book and Republican candidacy
- [Reuters' Public Relations Missif](https://michael-hudson.com/2015/09/reuters-public-relations-missif/) - Michael Hudson in devastating form on the role Reuters played in papering over the Greek tradeoff.
- [The Greek Surrender](https://michael-hudson.com/2016/05/the-greek-surrender/) - Michael Hudson on the Socialist Party failure to contend the strict financial repression enforced by the Troika. Now the social ramifications are adding up.
- [Greek IMF Loan a Planned Obsolesence](https://michael-hudson.com/2017/02/greek-imf-loan-a-planned-obsolesence/) - Michael Hudson on Greece's ailing economy and the debt drain the IMF loan is making. Was it ever planned to be re-paid?
- [J is For Junk Economics - Order Now](https://michael-hudson.com/2017/02/j-is-for-junk-economics-order-now/) - Professor Michael Hudson's latest contribution to improving the economic literacy of society. The book cunningly reveals the true nature of economic doublespeak!
- [Book Launch Washington, Baltimore](https://michael-hudson.com/2017/02/book-launch-washington-baltimore/) - Michael Hudson begins promotion of his new book J is for Junk Economics with a tour of Washington and Baltimore.
- [Bill for Change](https://michael-hudson.com/2016/11/timing-is-everything/) - Prof Michael Hudson makes a most important request of the thousands who pass through this website every day.
- [Trump Infrastructure Plan = Developer Welfare](https://michael-hudson.com/2017/01/trump-infrastructure-plan-developer-welfare/) - MIchael Hudson discusses how the new administration will aid simply another subset of the 1%.
- [Innocuous Proclaimations](https://michael-hudson.com/2016/12/innocuous-proclaimations/) - Michael Hudson on Meet the Renegades, delving into economic history as only he can.
- [Keen, Hudson Unpick Historical Path to Global Recovery](https://michael-hudson.com/2016/11/keen-hudson-unpick-historical-path-to-global-recovery/) - Steve Keen interviews Michael Hudson in a fireside discussion over the failure of economics to reflect reality.
- [Trump the 1%](https://michael-hudson.com/2016/11/trump-the-1/) - Michael Hudson: Donald Trump Wants to Make the 1% Even Richer,” The Real News Network, November 18, 2016. Economist Michael Hudson explains how economic terms like capital gains are deployed to mislead the public about who is benefiting from economic policy and where wealth is going. SHARMINI PERIES, TRNN: Welcome back to the Real News
- [How Taxes Were Shifted Off Real Estate](https://michael-hudson.com/2016/11/how-taxes-were-shifted-off-real-estate/) - Michael Hudson on how the Donald Trumps of the world managed to squirm their way out of paying taxes, leaving it for the little people.
- [Break Up the Democratic Party](https://michael-hudson.com/2016/11/break-up-the-democratic-party/) - Michael Hudson on the vital post-election cleanout. Replace the identity politics neo-cons with those focusing on a genuine economic democracy.
- [The Wash](https://michael-hudson.com/2016/11/the-wash/) - Max Keiser probes Prof Michael Hudson for reason on the Trump win.
- [Compounding Growth](https://michael-hudson.com/2016/11/compounding-growth/) - Prof Michael Hudson on the last decade's debt game, and how the financial elite walk care free.
- [Cheering the Inequities](https://michael-hudson.com/2016/10/cheering-the-inequities/) - Michael Hudson discussing the ability of the financial elite to not only sculpt tax loopholes but also change the very nature of economic vocabulary.
- [Part Time Productivity](https://michael-hudson.com/2016/10/part-time-productivity/) - Michael Hudson appears on the Keiser Report to discuss his upcoming book J is for Junk Economics.
- [Rentier Capitalism - Veblen in the 21st century](https://michael-hudson.com/2016/10/rentier-capitalism-veblen-in-the-21st-century/) - Michael Hudson on the critical approach to economic theory Veblen provided.
- [Democracy's Debt Ladder](https://michael-hudson.com/2016/10/democracys-debt-ladder/) - Michael Hudson on the failure of the debt ladder to re-start the global economy. Debt jubilee to come?
- [Review of James Galbraith, Welcome to the Poisoned Chalice (2016)](https://michael-hudson.com/2016/10/review-of-james-galbraith-welcome-to-the-poisoned-chalice-2016/) - Tim Evans Galbraith’s articles and interviews collected in this book (ending in October 2015) traces his growing exasperation at the “troika” – the European Central Bank (ECB), IMF and EU bureaucracy – which refused to loosen their demand that Greece impoverish its economy to a degree worse than the Great Depression. The fight against Greece
- [Can Russia Learn From Brazil’s Fate?](https://michael-hudson.com/2016/09/can-russia-learn-from-brazils-fate/) - Michael Hudson teams up with Paul Craig Roberts to decipher Brazil's loss of sovereignty that neo-liberal 'assistance' has delivered. Will Russia learn?
- [Finance is Not the Economy](https://michael-hudson.com/2016/08/finance-is-not-the-economy/) - Bezemer and Hudson lay the foundations for a new economic theory incorporating the damaging nature of finance and debt, backed up by an arsenal of academic papers.
- [Presidential Wanna Bees](https://michael-hudson.com/2016/08/presidential-wanna-bees/) - Prof Michael Hudson in discussion with Stacy Herbery & Max Keiser on the US election and the pantomime of progressivity on show.
- [Post-Convention Candidates](https://michael-hudson.com/2016/08/post-convention-candidates/) - Michael Hudson dissects the political strategies of Trump, Clinton and Sanders on TRRN
- [US Presidential Election 2016](https://michael-hudson.com/2016/08/emf-war-threats-ignored/) - Economist MIchael Hudson on the Gary Null Show discussing covert geo-political policy in light of the US election. What are the candidates ignoring?
- [Obama said Hillary will Continue his Legacy – Indeed!](https://michael-hudson.com/2016/07/obama-said-hillary-will-continue-his-legacy-indeed/) - Leading up to Monday’s Democratic Party convention, Hillary chose Blue Dog Senator Tim Kaine of Virginia as her VP. This was followed by the Wikileaks release of Democratic National Committee (DNC) e-mail files showing it acting as the Clinton Campaign Committee even to the point of using the same lawyers as her own campaign to
- [Trump the Neocons](https://michael-hudson.com/2016/07/trump-the-neocons/) - Michael Hudson commentating on the Republican convention and Trump's move to outflank both the Democrats and neocons. Glass-Steagall reform a crucial step.
- [US NATO pressures EU support](https://michael-hudson.com/2016/07/us-nato-pressures-eu-support/) - Michael Hudson on the growing tension in the EU over America's hawkish encirclement of Russia.
- [Financially Approved Financed History](https://michael-hudson.com/2016/07/financially-approved-financed-history/) - Michael Hudson critiques a pro-creditor approved book on financial history.
- [The Clinton Foundation?](https://michael-hudson.com/2016/07/the-clinton-foundation/) - Just what is behind the Clinton email story? Prof Michael Hudson on the intrigue
- [Socrates: debt and the cyclical rise and fall of societies](https://michael-hudson.com/2016/07/socrates-debt-and-the-cyclical-rise-and-fall-of-societies/) - Last week I attended a wonderful conference in the university town of Tübingen, Germany, on “Debt: The First 3500 Years,” to bring ancient historians together to discuss David Graeber’s book Debt: The First 5000 Years. I was enlightened by two papers in particular. Doctoral fellow Moritz Hinsch from Berlin collected what Socrates (470-399 BC) and
- [The Brexit Silence](https://michael-hudson.com/2016/07/the-brexit-silence/) - Michael Hudson on the Left's silence over Brexit. Why is critique of Brexit left to right-wing nationalists?
- [The Planned Obsolescence of Consumer Sovereignty](https://michael-hudson.com/2016/06/the-planned-obsolescence-of-consumer-sovereignty/) - An interview with Bonnie Faulkner's Guns n Butter show. This is Guns and Butter, April 5, 2016. Most people think of the economy as producing goods and services and paying labor to buy what it produces. But a growing part of the economy in every country has been the Finance, Insurance and Real Estate (FIRE)
- [BREXIT - UK economic implications](https://michael-hudson.com/2016/06/brexit-uk-economic-implications/) - An interview on Radio Sputnik regarding the UK's future in the Western geo-political framework.
- [US imperialism the BREXIT culprit](https://michael-hudson.com/2016/06/us-imperialism-the-brexit-culprit/) - Prof Hudson on TRNN discussing the BREXIT shock in light of the political discourse the west has set.
- [EU Bankster Contagion](https://michael-hudson.com/2016/06/eu-bankster-contagion/) - Prof Hudson interviewed by Chris Hedges on the planned EU takedown and how this contagion will spread via bailout, austerity, diversion.
- [Neoliberalism lowers life expectancy](https://michael-hudson.com/2016/06/neoliberalism-lowers-life-expcetancy/) - Prof Michael Hudson on the The Real News Network discussing the democratic implications of neoliberalism.
- [The Economic Crisis & Crisis Theory II](https://michael-hudson.com/2014/06/the-economic-crisis-crisis-theory-ii/) - This panel explored causes of the Great Recession and the continuing economic sluggishness since the recession’s ended, as well as how the left can respond to this situation. In keeping with the conference theme, panelists addressed what different analyses and theories imply about the kind of socioeconomic change that is called for. Alan Freeman spoke
- [Veblen’s Institutionalist Elaboration of Rent Theory](https://michael-hudson.com/2012/07/veblens-institutionalist-elaboration-of-rent-theory/) - Michael Hudson's new book The Bubble and Beyond has just been released and can be purchased here. Speech given at the Veblen, Capitalism and Possibilities for a Rational Economic Order Conference, Istanbul, Turkey, June 6th, 2012 Simon Patten recalled in 1912 that his generation of American economists – most of whom studied in Germany in
- [Set Up To Fail](https://michael-hudson.com/2012/09/set-up-to-fail/) - Renegade Economists interview 05.09.2012 Interview with Professor Michael Hudson by Karl Fitzgerald Listen KF: We welcome to the show Professor Michael Hudson, Distinguished Research Professor at the University of Missouri-Kansas City, the leading Post-Keynesian university in America. It’s been fantastic to see, Michael, that the public profile of UMKC has really taken off with Randall
- [Marx's Laws of Motion](https://michael-hudson.com/2016/05/marxs-laws-of-motion/) - Michael Hudson alongside Michael Perelman and Bertell Ollman on Today's Economic Collapse
- [Panama's Pretense](https://michael-hudson.com/2016/05/panamas-pretense/) - Prof Michael Hudson interviewed on the Keiser Report regarding the historical basis for the Panama Papers.
- [European Care for the Elderly 2016](https://michael-hudson.com/2016/05/european-care-for-the-elderly-2016/) - Prof Michael Hudson on the TPP carve outs for special interests, especially tobacco.
- [Financial Conquest or Clean State?](https://michael-hudson.com/2012/09/financial-conquest-or-clean-state/) - This is an edited and expanded transcript from a live phone interview by Dimitris Yannopoulos for Athens News, September 2012. Dimitris Yannopoulos: As an academic with a strong grounding in economic history as well as banking and a Clean Slate, professor Michael Hudson has built his own school of thought - distanced from both Keynesians
- [The New Kleptocracy](https://michael-hudson.com/2008/10/the-new-kleptocracy/) - Treasury Secretary Hank Paulson's "Plan" passed by Congress on October 3rd, 2008 Listen Here
- [Financial Diversion](https://michael-hudson.com/2016/04/financial-diversion/) - Prof Michael Hudson on the financial diversion that Wall St has embedded in the economy. An interview with the Financial Repression Authority, Canada.
- [Fix our debt addiction to fix our economy](https://michael-hudson.com/2016/04/fix-our-debt-addiction-to-fix-our-economy/) - Michael Hudson in the Washington Post on the control bankers have over democracy and the resultant debt-weight society endures.
- [J is for Jubilee, K for Kleptocrats](https://michael-hudson.com/2013/11/j-is-for-jubilee-k-for-kleptocrats/) - Part J in Michael Hudson's cunning Insider's Economic Dictionary - revealing the real meaning of everyday economic terms.
- [Laundering Havens for War Budgets](https://michael-hudson.com/2016/04/laundering-havens-for-war-budgets/) - Michael Hudson on the Panama Papers and the immense power structures protecting such behaviors.
- [Establishment Protection of Big Banks](https://michael-hudson.com/2016/04/establishment-protection-of-big-banks/) - Michael Hudson and Bill Black on how the establishment left protect the big banks.
- [Traumatized Worker Syndrome](https://michael-hudson.com/2016/03/traumatized-worker-syndrome/) - Michael Hudson in one of his most powerful interviews on the decline of the people in preference for Wall St.
- [I Meet the Leading Authority on the Babylonian and Near East Tradition of Debt Cancellation](https://michael-hudson.com/2002/04/i-meet-the-leading-authority-on-the-babylonian-and-near-east-tradition-of-debt-cancellation/) - Copy of a regular newsletter by Boudewijn Wegerif, Sweden WHAT MATTERS-77 Dear list members, Yesterday I was with an American economist who says of himself that he is a Marxist, whose godfather was Leon Trotsky, whose father was thrown in prison in the US in 1941 for advocating the overthrow of the government, who has
- [What recovery?](https://michael-hudson.com/2009/09/what-recovery/) - This interview from the Business Spectator can be read here.
- [Global Policy Trends in a Financialised Economy](https://michael-hudson.com/2009/11/global-policy-trends-in-a-financialised-economy/) - Global Policy Trends in a Financialised Economy – Federal Parliament’s Vital issues seminar. This speech can be heard here.
- [A Grand Global Bargain? Save the Economy, Dismantle the Empire](https://michael-hudson.com/2008/03/a-grand-global-bargain-save-the-economy-dismantle-the-empire/) - Counterpunch Today’s deepening financial and economic crisis cannot be alleviated without addressing a number of problems that the public does not really want to hear about. Even to cite them raises a wall of cognitive dissonance. For starters, today’s debt problem is not marginal, but has become structural – and structural problems cannot be solved
- [A Trillion-Dollar Rescue for Wall Street Gamblers, But No Money for Families and Retirees](https://michael-hudson.com/2008/04/a-trillion-dollar-rescue-for-wall-street-gamblers-but-no-money-for-families-and-retirees/) - Counterpunch If the move to a Unitary Executive of unfettered presidential power frightens you, America’s radical right turn to Unitary Finance should compound your fears – and your debts as well. The financial events of the last two weeks of March 2008 demonstrate that the “economic royalists”[1] and “money changers”[2] whom Franklin Delano Roosevelt (FDR)
- [Resurrecting Greenspan: Hillary Joins the Vast, Rightwing Financial Conspiracy](https://michael-hudson.com/2008/04/resurrecting-greenspan-hillary-joins-the-vast-rightwing-financial-conspiracy/) - Counterpunch On Monday, March 24, presumably representing Wall Street – as any New York senator must do in view of its dominant financial role in the state’s political campaigns – Hillary Clinton proposed that Congress show its bipartisan spirit by appointing an “emergency working group on foreclosures,” to be led by none other than Alan
- [The Fed Sinks the Dollar: The Price-Wage Squeeze](https://michael-hudson.com/2008/05/the-fed-sinks-the-dollar-the-price-wage-squeeze/) - Counterpunch Against the recommendations of most economists and even the Financial Times of London, the Federal Reserve Board yesterday cut its discount rate by yet another quarter-point, to just 2%. Ostensibly, the intention is to try and spur economic “recovery” – as if a cut in the interest rates would do this. At first glance
- [Rewarding the Bubble's Enablers: Why the Bail Out of Freddie Mac and Fanny Mae is Bad Economic Policy](https://michael-hudson.com/2008/07/rewarding-the-bubbles-enablers-why-the-bail-out-of-freddie-mac-and-fanny-mae-is-bad-economic-policy/) - A Counterpunch Special Report I am writing this article about Fannie Mae and Freddie Mac while sitting in the Queens Botanical Garden. This was not my plan today. The central air conditioning in my apartment broke down six weeks ago and still has not been fixed. (It’s a nice condominium building, but accidents happen.) It
- [The Next Big Bail Outs: State, Local and Private Pensions](https://michael-hudson.com/2008/07/the-next-big-bail-outs-state-local-and-private-pensions/) - Counterpunch Early on the morning of July 30, President Bush signed the act that the Senate had passed at a special session the previous Saturday. The new “housing act” (a more honest title would have been the “Financial Bailout Act of 2008”) authorizes the Treasury and Federal Reserve Board to provide unlimited credit to the
- [The Paulson-Bernanke Bank Bailout: Will the Cure be Worse than the Disease?](https://michael-hudson.com/2008/09/the-paulson-bernanke-bank-bailout-will-the-cure-be-worse-than-the-disease/) - Counterpunch Saturday’s $700 billion junk mortgage bailout is the largest and worst giveaway since a corrupt Congress gave land grants to the railroad barons a century and a half ago. If it goes through, it will shape the coming century by giving finance unprecedented power over debtors – homebuyers, industry, state and local government, and
- [A Cautionary Tale About Politicos and Financiers: Mr. Paulson and the New Yazoo Land Scandal](https://michael-hudson.com/2008/09/a-cautionary-tale-about-politicos-and-financiers-mr-paulson-and-the-new-yazoo-land-scandal/) - Counterpunch Present discussions of the mortgage mess are lapsing into an unreal world. Advocates of the $700 bailout are now rounding up a choir of voices to proclaim that the problem is simply a lack of liquidity. This kind of problem, we are told, can be solved “cleanly” (that is, with no Congressional add-ons to
- [The Big Bank Job: The Insanity of the $700 Billion Giveaway](https://michael-hudson.com/2008/09/the-big-bank-job-the-insanity-of-the-700-billion-giveaway/) - Counterpunch The banksters’ plan now is for icing on the cake – to take Mr. Paulson’s $700 billion and run. It’s not a “bailout of the financial system.” It’s as giveaway – to insiders, to sell out all their bad bets. Companies across the board will get rid of their bad mortgages, and also their
- [Scrawny Geese; No More Golden EggScenes From the Global Class War](https://michael-hudson.com/2008/10/scrawny-geese-no-more-golden-eggscenes-from-the-global-class-war/) - Counterpunch On Friday, October 24, the pound sterling dropped to just $1.58 (down from $1.73 earlier in the week, an enormous plunge by foreign-exchange standards), and the euro sunk to just $1.26, while Japan’s yen soared by 10 per cent. These shifts threatened to disrupt export markets and hence industrial sales patterns. Global stock markets
- [It Won't Save the Economy: It May Make the Crisis Worse](https://michael-hudson.com/2009/01/it-wont-save-the-economy-it-may-make-the-crisis-worse/) - Obama’s new bank giveaway Counterpunch Is this administration’s bank policy Bush-3 – or Clinton-5 or Reagan 8? After (1) threatening for eight years that the prospect of a trillion-dollar deficit spread over a generation or so is sufficient reason to stiff Social Security recipients and abolish debts to the nation’s retirees, and (2) after the
- [Smart Parasites](https://michael-hudson.com/2016/03/smart-parasites/) - Michael Hudson on the ExtraEnvironmentalist, discussing how economic theory diverges from reality.
- [The Commanding Heights](https://michael-hudson.com/2016/02/the-commanding-heights/) - Michael Hudson on Bonnie Faulkner's Guns n Butter radio, discussing macroeconomic imperialism.
- [The Federal Reserve and the Global Fracture](https://michael-hudson.com/2016/02/the-federal-reserve-and-the-global-fracture/) - Michael Hudson in overview mode on the super-imperialism nature of modern day financial warfare.
- [The Atlanticist Tactic Revisited](https://michael-hudson.com/2016/02/the-atlanticist-tactic-revisited/) - Paul Craig Roberts & Michael Hudson team up to shine a light on poor economic decision making under Putin.
- [Listen Here](https://michael-hudson.com/2016/02/listen-here/) - Paul Craig Roberts reviews Michael Hudson's Killing the Host
- [The 3 Economic Stories of 2015](https://michael-hudson.com/2016/01/the-3-economic-stories-of-2015/) - Prof Michael Hudson on the big economic trends of 2015
- [The IMF Changes its Rules to Isolate China and Russia](https://michael-hudson.com/2015/12/the-imf-changes-its-rules-to-isolate-china-and-russia/) - P{rof MIchael Hudson demonstrates how the global trading system is being torn apart by US imperialist motives.
- [IMF forgives Ukraine’s Debt to Russia](https://michael-hudson.com/2015/12/the-imf-forgives-ukraines-loan-to-russia/) - Michael Hudson on "This means that what was simmering as a Cold War against Russia has now turned into a full-blown division of the world into the Dollar Bloc
- [Debts that can’t be paid, won’t be](https://michael-hudson.com/2012/04/debts-that-cant-be-paid-wont-be/) - An excerpt from a paper published for the conference Paradigm Lost: Rethinking Economics and Politics. I am speaking to this paper in Berlin this week. The full paper can be downloaded from their website (PDF). A common denominator runs throughout recorded history: a rising proportion of debts cannot be paid. Adam Smith remarked that no
- [Latvia No Austerity Success](https://michael-hudson.com/2012/06/latvia-no-austerity-success/) - Jeffrey Sommers & Michael Hudson Cross posted from the Financial Times by permission of the authors Michael Hudson and Jeffery Sommers: a distinguished professor at the University of Missouri-Kansas City and associate professor at the University of Wisconsin-Milwaukee respectively, who have both advised members of Latvia’s government on alternatives to austerity. They are also contributors
- [Federal Reserve System](https://michael-hudson.com/2012/03/federal-reserve-system/) - An interview with Michael Hudson published on the Russian website Terra America (TA). What is the place of the Federal Reserve System in the American financial and economic structure? Prior to the Federal Reserve’s founding in 1913, U.S. monetary policy was conducted by the Treasury. Like the Fed, it had district sub-treasuries that performed nearly
- [Whither Greece](https://michael-hudson.com/2011/06/whither-greece/) - Without a national referendum Iceland-style, EU dictates cannot be binding The fight for Europe’s future is being waged in Athens and other Greek cities to resist financial demands that are the 21st century’s version of an outright military attack. The threat of bank overlordship is not the kind of economy-killing policy that affords opportunities for
- [Wall Street's Euthanasia of Industry](https://michael-hudson.com/2011/07/the-euthanasia-of-industry/) - Michael interviewed on Guns N Butter with Bonnie Faulkner Listen here Transcription “When I was in Norway one of the Norwegian politicians sat next to me at a dinner and said, “You know, there’s one good thing that President Obama has done that we never anticipated in Europe. He’s shown the Europeans that we can
- [Debt Deflation on the rise](https://michael-hudson.com/2011/09/debt-deflation-on-the-rise/) - Michael Hudson on Bonnie Faulkner's Guns & Butter. Listen Here Guns and Butter: “Debt Deflation in Europe and America” Edited Interview by Bonnie Faulkner with Michael Hudson, September 2, 2011 (first aired on Pacifica, September 14, 2011). “Without consumption, markets are going to shrink. Companies won’t invest, stores will close, “for rent” signs will spread
- [Finance Capitalism & Its Discontents on Kindle](https://michael-hudson.com/2013/05/finance-capitalism-its-discontents-on-kindle/) - This collection contains the most important interviews and speeches that Professor Michael Hudson, Distinguished Professor of Economics at the University of Missouri (Kansas City), and president of the Institute for the Study of Long-term Economic Trends (ISLET) has given over the past decade (2003-2012). They span the political spectrum from COUNTERPUNCH.COM and KPFK radio’s GUNS
- [How Financial Oligarchy Replaces Democracy](https://michael-hudson.com/2011/06/how-financial-oligarchy-replaces-democracy/) - Will Greece Let EU Central Bankers Run Riot Over Sovereignty? When Greece exchanged its drachma for the euro in 2000, most voters were all for joining the Eurozone. Their hope was that it would ensure stability, and that this would promote rising wages and living standards. Few saw that the stumbling point was tax policy.
- [Latvia’s Economic Disaster as a Neoliberal Success Story: A Model for Europe and the US?](https://michael-hudson.com/2013/01/latvias-economic-disaster-as-a-neoliberal-success-story-a-model-for-europe-and-the-us/) - by Jeffrey Sommers and Michael Hudson A generation ago the Chicago Boys and their financial supporters applauded General Pinochet’s anti-labor Chile as a success story, thanks mainly to its transformation of their Social Security into Employee Stock Ownership Plans (ESOPs) that almost universally were looted by the employer grupos by the end of the 1970s.
- [Surviving Progress transcript](https://michael-hudson.com/2012/09/surviving-progress-transcript/) - Below are the transcripts from the film Surviving Progress I was a part of. The film can be purchased here. Canada FILM group on PROGRESS 2010: The Road to Debt Serfdom Cinémaginaire, ASHOP (USA): Interview with Michael Hudson – Tapes #112-113-114 Theme: In the name of “progress,” the world is regressing to neoserfdom. Mainstream economics
- [The Social Economics of Thorstein Veblen](https://michael-hudson.com/2012/10/the-social-economics-of-thorstein-veblen/) - Book Review as published at the Economic History Association David Reisman, The Social Economics of Thorstein Veblen, Cheltenham: Edward Elgar, 2012, vii + 338 pp. $150 (hardcover), ISBN978-0-85793-218-1. Those who wish to understand the many and deep contributions of Thorstein Veblen to economics will find that this offering falls short of the mark. The title
- [Greenspan Returns to De-Regulation](https://michael-hudson.com/2011/04/greenspan-returns-to-de-regulation/) - His Old Time Religion was right after all. It all seems so long ago! On October 23, 2008, Alan Greenspan choked up a mea culpa for his deregulatory policy as Federal Reserve Chairman. “Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity, myself included, are in a state
- [That $50 Billion Infrastructure Plan](https://michael-hudson.com/2010/09/that-50-billion-infrastructure-plan/) - Obama's Thatcherite Gift to the Banks As published on Counterpunch I can smell the newest giveaway looming a mile off. The Wall Street bailout, health-insurance giveaway and support of real estate prices rather than mortgage-debt write-downs were bad enough, not to mention the Oil War’s Afghan extension. But now comes a topper: the $50 billion
- [America’s China Bashing: A Compendium of Junk Economics](https://michael-hudson.com/2010/09/americas-china-bashing-a-compendium-of-junk-economics/) - It is traditional for politicians to blame foreigners for problems that their own policies have caused. And in today’s zero-sum economies, it seems that if America is losing leadership position, other nations must be the beneficiaries. Inasmuch as China has avoided the financial overhead that has painted other economies into a corner, nationalistic U.S. politicians
- [Obama's Bushism](https://michael-hudson.com/2010/12/obamas-bushism/) - I almost feel naïve for being so angry at President Obama’s betrayal of his campaign promises regarding taxes. I had never harbored much hope that he actually intended to enact the reforms that his supporters expected – not after he appointed the most right-wing of the Clintonomics gang, Larry Summers, then Tim Geithner, Ben Bernanke
- [The Spectre Haunting Europe](https://michael-hudson.com/2011/01/the-spectre-haunting-europe/) - Debt Defaults, Austerity, and Death of the “Social Europe” Model Jeffrey Sommers and Michael Hudson A spectre is haunting Europe: the illusion that Latvia’s financial and fiscal austerity is a model for other countries to emulate. Bankers and the financial press are asking governments from Greece to Ireland and now Spain as well: “Why can’t
- [Hudson on The View from Europe](https://michael-hudson.com/2011/03/hudson-on-the-view-from-europe/) - Another excellent interview with Bonnie Faulkner. Topics covered: Financial and fiscal austerity policies; the appeal of economic austerity to bankers; economic depression and war; post-WWII vs. post-cold war economic policy; government to government grants vs. commercial lending; the euro and dollar; privatization in New Zealand and elsewhere; social unrest; speculation and prices; criminalization of the
- [Weekly Talk Show – Renegade Economist](https://michael-hudson.com/2009/03/weekly-talk-show-renegade-economist/) - This episode of the Renegade Economist can be view here.
- [Renegade Economist The Michael Hudson Series – Part 3 Income Tax](https://michael-hudson.com/2009/04/renegade-economist-the-michael-hudson-series-part-3-income-tax/) - The Michael Hudson Series – Part 3 Income Tax can be viewed here.
- [Euro-Bankers Demand of Greece](https://michael-hudson.com/2010/05/euro-bankers-to-greecethe-wealthy-wont-pay-their-taxes-so-labor-must-do-so/) - The wealthy won’t pay their taxes, so labor must do so. As published in Counterpunch The “Greek bailout” should have been called what it is: a TARP for German and other European bankers and global currency speculators. The money is being provided by other governments (mainly the German Treasury, cutting back its domestic spending) into
- [Religious Conversion: from Theology to the Temple of Mammon](https://michael-hudson.com/2010/05/neoliberal-economics-v-theology/) - The Friedman Institute upgrades Theology to condone Neoliberal Greed What would Jesus Say? Many academics recently received a petition signed by 111 University of Chicago faculty members, explaining that “without any announcement to its own community, [the University] has commissioned Ann Beha Architects, a Boston firm, to remake the Chicago Theological Seminary building into a
- [Renegade Economist The Michael Hudson Series – Part 4 Economic Rent](https://michael-hudson.com/2009/04/renegade-economist-the-michael-hudson-series-part-4-economic-rent/) - The Michael Hudson Series – Part 4 Economic Rent can be viewed here.
- [Renegade Economist The Michael Hudson Series – Part 5 Public Enterprise](https://michael-hudson.com/2009/06/renegade-economist-the-michael-hudson-series-part-5-public-enterprise/) - The 5th part in our series – Michael Hudson discusses Public Enterprise can be viewed here.
- [How the Financial Reform Plan Protects the Status Quo: Obama's (Latest) Surrender to Wall Street](https://michael-hudson.com/2009/06/how-the-financial-reform-plan-protects-the-status-quo-obamas-latest-surrender-to-wall-street/) - Counterpunch In reaching across the aisle for Republican support – and no doubt future campaign contributions from the financial sector Pres. Obama is morphing into Joe Lieberman. There also is a touch of Boris Yeltsin in his sponsorship of a financial “reform” ominously similar to what advisor Larry Summers backed in Russia – relinquishing government
- [Debt Deflation Arrives: What the Jump in the U.S. Savings Rate Means](https://michael-hudson.com/2009/06/debt-deflation-arrives-what-the-jump-in-the-u-s-savings-rate-means/) - Counterpunch Happy-face media reporting of economic news is providing the usual upbeat spin on Friday’s debt-deflation statistics. The Commerce Department’s National Income and Product Accounts (NIPA) for May show that U.S. “savings” are now absorbing 6.9 percent of income. I put the word “savings” in quotation marks because this 6.9% is not what most people
- [On the Eve of the State of the Union](https://michael-hudson.com/2010/01/on-the-eve-of-the-state-of-the-union/) - Will Obama Put Muscle Into the White House's New Populist Play? Counterpunch At stake now is President Obama’s credibility as an agent for change. Voters see his main “change” thus far to have been favoritism to Wall Street. Jay Leno jokes that Obama has done the impossible: resurrected the seemingly dying Republican Party and given
- [Which Economy is Obama Talking About?](https://michael-hudson.com/2010/01/which-economy-is-obama-talking-about-myths-of-recovery/) - Myths of Recovery Counterpunch The State of the Union address is in danger of purveying the usual euphemisms. I expect Obama to brag that he has overseen a recovery. But can there be any such thing as a jobless recovery? What has recovered are stock market averages and Wall Street bonuses, not disposable personal income
- [Obama’s Junk Economics](https://michael-hudson.com/2010/02/obamas-junk-economics-democrats-say-bye-to-populist-option/) - Democrats Say "Bye" to Populist Option In a dress rehearsal for this November’s mid-term election, Democrats and Republicans vied last week for who could denounce the banks and blame the other party the most for the giveaways to Wall Street that have swollen the public debt since September 2008, pushing the federal budget into deficit
- [The Coming Financial Reality](https://michael-hudson.com/2003/07/the-coming-financial-reality/) - An Interview with Economist Michael Hudson for Counterpunch By STANDARD SCHAEFER The war in Iraq is allegedly over, interest rates are going lower and there are rumors of recovery although the economy is still in the doldrums. A Bush is president, but an election is around the corner. It sounds a bit like the recession
- [Tech Bubble: Who Benefited?](https://michael-hudson.com/2003/08/tech-bubble-who-benefited/) - An Interview with Michael Hudson for Counterpunch By STANDARD SCHAEFER During the boom of the 1990s, neoliberal economists and the financial press promoted the the high tech revolution for its ability to reduce production costs. As long as government did not interfere with markets, technology would lead to an improvement in the quality of life.
- [Gordon Brown spills the beans on the IMF: Make Iceland pay for Incompetent British Bank Deregulation](https://michael-hudson.com/2009/05/gordon-brown-spills-the-beans-on-the-imf-make-iceland-pay-for-incompetent-british-bank-deregulation/) - Counterpunch Last month the G-20 authorized the International Monetary Fund to increase its loan resources to $1 trillion. It’s not hard to see why. Weakening currencies in the post-Soviet states threaten to raise default rates on foreign-currency mortgages as collapse of the Baltic real estate bubble drags down Swedish banks, while the Hungarian property plunge
- [Wall Street Moves In for the Kill](https://michael-hudson.com/2010/02/wall-street-moves-in-for-the-kill/) - Wall Street’s War Against Main Street America Former Treasury Secretary Hank Paulson wrote an op-ed in The New York Times yesterday (Feb. 16)[1] outlining how to put the U.S. economy on rations. Not in those words, of course. Just the opposite: If the government hadn’t bailed out Wall Street’s bad loans, he claims, “unemployment could
- [Chile's Failed Economic Laboratory](https://michael-hudson.com/2003/10/chiles-failed-economic-laboratory/) - an Interview with Michael Hudson for Counterpunch By STANDARD SCHAEFER In acknowledging the recent thirtieth anniversary of the US-sponsored coup that brought to General Augosto Pinochet to power in Chile, a number of articles and opinion pieces have appeared. The Nation recently cast the incident in somewhat sentimental terms. Such efforts to turn Salvador Allende's
- [How Privatization Sterilizes Culture](https://michael-hudson.com/2004/02/how-privatization-sterilizes-culture/) - an Interview with Michael Hudson for Counterpunch. By STANDARD SCHAEFER Since the 1980s computer technology has been promoted as democratizing leisure by lowering the production costs of knowledge and culture. Consumers were promised more free time, yet a quarter or even a third of family income for the low- and middle-income brackets now goes to
- [An Insider Spills the Beans on Offshore Banking Centers](https://michael-hudson.com/2004/02/an-insider-spills-the-beans-on-offshore-banking-centers/) - an Interview with Michael Hudson for Counterpunch. By STANDARD SCHAEFER The oil industry created the practice of countries (SHIPS?) flying "flags of convenience" as a means of avoiding income taxes nearly a century ago. Since the 1960s the U.S. Government itself has encouraged American banks to set up branches in Caribbean hot-money centers and more
- [Russia: Reforming the Reformers](https://michael-hudson.com/2004/02/russia-reforming-the-reformers/) - an Interview with Michael Hudson for Counterpunch By STANDARD SCHAEFER On Sunday, March 14, Russians will re-elect Vladimir Putin for a second term as president. In the Duma elections three months earlier, on December 7, his United Russia party won such overwhelming support that he will have the power to rewrite the constitution dictated by
- [America: Host or Parasite?](https://michael-hudson.com/2007/03/america-host-or-parasite/) - America: Host or Parasite? in Guns and Butter, KPFA "We discuss the US balance of payments trade deficit which creates US credit to finance the US national debt and war abroad; Russian economic shock therapy as the final stage of the cold war; the real estate bubble; permanent war and the inevitable collapse of the
- [Credit, Debt, Cancellation of Debt - Since Antiquity](https://michael-hudson.com/2008/01/credit-debt-cancellation-of-debt-since-antiquity/) - Radio interview, Lapham's The World in Time on Bloomberg. Listen here.
- [The Game is over: There Won't be a Rebound](https://michael-hudson.com/2008/06/the-game-is-over-there-wont-be-a-rebound/) - An Interview by Mike Whitney with Michael Hudson on the Economy - Counterpunch 1--Fed chairman Bernanke has been on a spree lately, delivering three speeches in the last two weeks. Every chance he gets, he talks tough about the strong dollar and "holding the line" against inflation. Treasury Secretary Henry Paulson even said that "intervention"
- [Getting to the Heart of America's Economic Crisis](https://michael-hudson.com/2008/07/getting-to-the-heart-of-americas-economic-crisis/) - A Counterpunch interview by Mike Whitney Mike Whitney: Before John Kennedy took office, anyone making an income of over $200,000 was taxed at a rate of 93 per cent. Corporations also paid a much higher percentage of the total tax burden than they do today. The higher tax rates on the wealthy never hurt Gross
- [Robert Kuttner and Michael Hudson on the Obama Administration’s $789 Billion Economic Stimulus Package and $2.5 Trillion Bank Recovery Plans](https://michael-hudson.com/2009/02/robert-kuttner-and-michael-hudson-on-the-obama-administrations-789-billion-economic-stimulus-package-and-2-5-trillion-bank-recovery-plans/) - Interview for DemocracyNow. Audio copy of interview. Transcript Both the House and Senate are set to vote today on the $789 billion economic stimulus package. The vote follows weeks of political wrangling that culminated in compromise legislation struck on Wednesday. The final size of the package is less than what both the House and Senate
- [Guns and Butter - "The Way We Were and What We Are Becoming"](https://michael-hudson.com/2009/03/guns-and-butter-the-way-we-were-and-what-we-are-becoming/) - Interviewed by Bonnie Faulkner for Guns and Butter on KPFA radio, March 4th, 2009 "The Way We Were and What We Are Becoming" with financial economist and historian, Dr. Michael Hudson. We begin with an analysis of the continuing bailout of insurance giant AIG and Monday's stock market selloff; price and debt deflation; the two
- [Washington cannot call all the shots](https://michael-hudson.com/2009/06/washington-cannot-call-all-the-shots/) - Financial Times Challenging America will be the focus of meetings in Yekaterinburg, Russia, on Monday and Tuesday for Chinese President Hu Jintao, Russian President Dmitry Medvedev and other leaders of the six-nation Shanghai Co-operation Organisation. The alliance comprises Russia, China, Kazakhstan, Tajiki stan, Kyrgyzstan and Uzbekistan, with observer status for Iran, India, Pakistan and Mongolia.
- [Iceland can refuse debt servitude](https://michael-hudson.com/2010/01/iceland-can-refuse-debt-servitude/) - Financial Times Olafur Ragnar Grimsson, Iceland’s president, has created uproar with his decision to block legislation that would have repaid €3.9bn ($5.6bn) lost by British and Dutch savers in a failed Icelandic bank, triggering a referendum that the government is expected to lose. The initial response by credit rating agencies was to downgrade Icelandic bonds,
- [Privatizing Will Make Life Worse](https://michael-hudson.com/2011/07/privatizing-will-make-life-worse/) - November 12, 1989, New York Times PERESTROIKA GOES SOUTH This article was published in the NYT more than 20 years ago, forecasting precisely what has happened. I attended the annual meetings of the International Monetary Fund and World Bank in Washington last month. When the meetings ended, I was left with the impression that no
- [The Paradox of Financialized Industrialization](https://michael-hudson.com/2015/10/the-paradox-of-financialized-industrialization/) - Prof Michael Hudson on the theoretical blindspot Marxists have chosen. Why inequality has more to do with the FIRE sector than capital-labor relations.
- [How the U.S. Treasury avoided Chronic Deflation by Relinquishing Monetary Control to Wall Street](https://michael-hudson.com/2015/10/how-the-u-s-treasury-avoided-chronic-deflation-by-relinquishing-monetary-control-to-wall-street/) - As published in the Social Sciences Research Network Michael Hudson University of Missouri, Economics Department, 211 Haig Hall, 5120 Rockhill Road, Kansas City, MO 64110, USA and Peking University, No.5 Yiheruan Road, Haidan District, P.O. Box 1008/71m, Beijing, P.R. China The Eurozone today is going into the same deflationary situation that the U.S. did under
- [The Sanctity of Debt](https://michael-hudson.com/2015/09/the-sanctity-of-debt/) - Prof Michael Hudson on This Is Hell discussing life under debt control as the parasites feed.
- [Book review: Killing the Host](https://michael-hudson.com/2015/09/book-review-killing-the-host/) - MIchael Hudson's new book Killing the Host given a glowing review from Wall St On Parade
- [Putin: The empty veil of 'democracy'](https://michael-hudson.com/2015/09/putin-the-empty-veil-of-democracy/) - Michael Hudson, author of Killing the Host, on Obama's empty UN speech and a retort by Putin reveals the geo-political pressures at play.
- [Ukraine falters as per plan](https://michael-hudson.com/2015/09/ukraine-falters-as-per-plan/) - Michael Hudson joins cross-talk to discuss the looming implosion of Ukraine in time for the resource grabs already underway.
- [Keiser on FIRE](https://michael-hudson.com/2015/09/keiser-on-fire/) - MIchael Hudson discusses the FIRE sector with Max Keiser in the context of his new book, Killing the Host
- [Killing the Host: Available Now](https://michael-hudson.com/2015/08/killing-the-host-coming-soon/) - Prof Michael Hudson's riveting new book on the economic warfare we don't even know is occurring!
- [Smoke and Mirrors](https://michael-hudson.com/2015/08/smoke-and-mirrors/) - Market Crash Aug 25 2015 Smoke and Mirrors of Corporate Buybacks Behind the Market Crash,” TRNN, August 25, 2015. Michael Hudson, the author of Killing the Host: How Financial Parasites and Debt Destroy Global Economy, says the stock market crash on Monday has very little to do with China and all to do with shortermism
- [It's Our Money](https://michael-hudson.com/2015/08/its-our-money/) - Michael Hudson is interviewed by public banking expert Ellen Brown on the need for a democratic currency.
- [Pawns for Pickings](https://michael-hudson.com/2015/06/pawns-for-pickings/) - 3 experts on why the Ukraine is a strategic asset to geo-political positioning.
- [Why No Means Yes](https://michael-hudson.com/2015/07/why-no-means-yes/) - Michael Hudson returns from Greece, EU to analyse what the No vote means. Sovereignty at the least!
- [Greece: On Behalf of Europe ...](https://michael-hudson.com/2015/06/greece-on-behalf-of-europe/) - Bill Black on Michael Hudson on the detail to financial warfare and the pathway out of it, representing the interests of all of Europe.
- [Resisting Financial Conquest](https://michael-hudson.com/2015/06/resisting-financial-conquest/) - Michael Hudson on the detail to why Greece is resisting - in recognition that financial conquest is every bit as dangerous as military conquest.
- [Greek Asset Stripping Similarities](https://michael-hudson.com/2015/06/greek-asset-stripping-similarities/) - Prof Michael Hudson on the asset stripping enforcement that high debts validate.
- [Fed Cornered](https://michael-hudson.com/2015/06/fed-cornered/) - Michael Hudson discusses the role rising interest rates will play on global markets.
- [Greek Debtline](https://michael-hudson.com/2015/05/greek-debtline/) - SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to the Michael Hudson Report on The Real News Network. I'm Sharmini Peries coming to you from Baltimore. The Euro is slipping against the dollar, and the European financial markets are in flux, expecting Greece to fail on its 1.6 billion Euro repayment due to the International Monetary Fund
- [Ukraine Labor Dares Operation Vulture](https://michael-hudson.com/2015/05/ukraine-labor-dares-operation-vulture/) - Professor Michael Hudson on the unfurling crisis in the Ukraine with international capital circling as debts rise and wages plummet. Does labour dare protest?
- [TPP Sovereignty Challenge](https://michael-hudson.com/2015/05/tpp-sovereignty-challenge/) - Michael Hudson on the TPP secrecy agenda set to undermine economic sovereignty to ensure monopoly rights.
- [Updated edition - The Bubble and Beyond](https://michael-hudson.com/2015/03/updated-edition-the-bubble-and-beyond/) - Prof Michael Hudson's updated edition of the Bubble & Beyond with a new bonus chapter, index and author pull-out quotes.
- [Is the Economy as Broke as Lehman Was?](https://michael-hudson.com/2010/09/is-the-economy-as-broke-as-lehman-was/) - The Angelides Committee Sidesteps the Mortgage Fraud Issue What is the difference between today’s economy and Lehman Brothers just before it collapsed in September 2008? Should Lehman, the economy, Wall Street – or none of the above – be bailed out of bad mortgage debt? How did the Fed and Treasury decide which Wall Street
- [P is for Ponzi](https://michael-hudson.com/2014/04/p-is-for-ponzi/) - Michael Hudson's Insider's Economic Dictionary, shining a light on what common economic terms really mean
- [M is for Monopoly](https://michael-hudson.com/2014/01/m-is-for-monopoly/) - Another chapter in The Insider's Economic Dictionary, a cunning perspective into what those economic terms really mean.
- [Odious Debts](https://michael-hudson.com/2015/03/odious-debts/) - Prof Michael Hudson on the odious debt pursuit the Washington Consensus is placing on trading partners.
- [Institutional Discontent](https://michael-hudson.com/2015/03/institutional-discontent/) - Michael Hudson on the BRICS bank, the Asian Infrastructure Development Bank and the geo-political ripples that follow.
- [The Bubble and Beyond](https://michael-hudson.com/2012/07/the-bubble-and-beyond/) - Purchase the new paperback edition here. Kindle. Michael Hudson's new book The Bubble & Beyond is vital for those vying to make sense of the economic quicksand global policy makers find themselves in. He ties a thread between the big issues of our times - underwater housing, money market manipulations and lifetime debt - concerns
- [The IMF Emptier](https://michael-hudson.com/2015/03/the-imf-emptier/) - Prof Michael Hudson on the Ukraine bailout and the IMF strategy - are they intending firesales of the commons on debtor nations?
- [QE Intentions All Too Obvious](https://michael-hudson.com/2015/03/qe-intentions-all-too-obvious/) - Prof Michael Hudson on the Eu money train and how it will prop up the banks. Another step towards the awakening?
- [Greece: Austerity for the Bankers](https://michael-hudson.com/2015/02/greece-austerity-for-the-bankers/) - Prof Hudson on the Greek - Troika debt negotiations and why their stance is so affronting to the banking community.
- [T is for Trickle-Down](https://michael-hudson.com/2015/02/t-is-for-trickle-down/) - Prof Michael Hudson's Insider's Economic Dictionary continues with is for trickle-down, tax shift and tragedy of the commons amongst others.
- [Ukraine denouement](https://michael-hudson.com/2015/02/ukraine-denouement/) - Prof Michael Hudson spells out the dire circumstances for both Ukraine's economic future and America's imperialist agenda.
- [U-V: Usury to Vested Interests](https://michael-hudson.com/2015/02/u-v-usury-to-vested-interests/) - Prof Michael Hudson continues with The Insider's Economic Dictionary, revealing what economic code-words really mean for the interests of the average human.
- [R is for Rentier](https://michael-hudson.com/2014/04/r-is-for-rentier/) - Michael Hudson's insights on what economic terminology really means in an age of monopoly power and economic dis-ease. For all students of economics.
- [W-Z: Watered Stock to Zero-Sum](https://michael-hudson.com/2015/03/w-z-watered-stock-to-zero-sum/) - Prof Michael Hudson final chapter to The Insider's Economic Dictionary, revealing what economic code-words really mean for the interests of the average human.
- [Ukraine: Victims Pay](https://michael-hudson.com/2015/02/victims-pay/) - Prof Michael Hudson on the IMF's financial warfare to deliver further privatisation and inequality. Just what the world needs.....
- [The National Interest](https://michael-hudson.com/2015/02/the-national-interest/) - Michael Hudson on the challenge the neo-liberal model provides to state sovereignty over elite interests.
- [Inequality = Privatisation of the Earth](https://michael-hudson.com/2015/01/inequality-privatisation-of-the-earth/) - Oxfam's report demands discussion from Prof Michael Hudson and 2 UK academics on the rampant inequality occurring via capital gains.
- [Playing the Pension Funds](https://michael-hudson.com/2015/01/playing-the-pension-funds/) - Prof Michael Hudson on the The Real News Network, discussing the recent Budget Law amendments snuck through in the last minutes of 2014.
- [Big Fish, Little Fish](https://michael-hudson.com/2015/01/big-fish-little-fish/) - Prof Michael Hudson analyses Wall St's war on pension funds as demonstrated by the recent Budget Law act. Sneaky changes will have a significant impact on workers.
- [Pipeline Politics](https://michael-hudson.com/2014/12/pipeline-politics/) - Prof Michael Hudson on the largest geo-political shakeup since WW2. Energy supplies and the rent seeking behind it define the rentier era.
- [Russian Pivot](https://michael-hudson.com/2014/12/russian-pivot/) - Prof Michael Hudson on the Russian geo-political pivot, orchestrating strategic relationships with Eurasia, defining neo-con policy failure.
- [The Koch Brothers’ Governors](https://michael-hudson.com/2014/12/the-koch-brothers-governors/) - Jeffrey Sommers, Michael Hudson dissect the influence of the Koch Brothers, the closest thing the United States has to Russia’s oligarchs.
- [Backfired!](https://michael-hudson.com/2014/12/backfired/) - Prof Michael Hudson on the folly of US neo-con policy - everyone can see it but the governments of Germany and France. Meanwhile Russian alliances grow.
- [TPP A Privatization Trojan](https://michael-hudson.com/2014/11/tpp-a-privatization-trojan/) - Prof Michael Hudson on a panel discussing APEC, G20 and the TPP agenda. What do these gatherings achieve?
- [China - Russia sidestep neocons](https://michael-hudson.com/2014/11/china-russia-sidestep-neocons/) - Michael Hudson's unique geo-political filter pries in on the new Asian era and the irrelevance of neo-liberal policy jabs.
- [Europe to pay for the whole mess in Ukraine](https://michael-hudson.com/2014/11/europe-to-pay-for-the-whole-mess-in-ukraine/) - Dr Michael Hudson on the latest gas politicking in the EU
- [IMF Meeting Review - Austerity to Cost](https://michael-hudson.com/2014/10/imf-meeting-review-austerity-to-cost/) - Prof Michael Hudson on the demands IMF policies have placed the world economy in. An inverse recovery with little lending to the productive sector.
- [Piketty vs. the Classical Economic Reformers](https://michael-hudson.com/2014/10/piketty-vs-the-classical-economic-reformers/) - on the two dimensional analysis, leaving the earth and its natural value out of his modelling, instead preferring a crude jag on inequality rather than the classical refinement.
- [The Coming European Debt Wars](https://michael-hudson.com/2010/04/the-coming-european-debt-wars/) - Government debt in Greece is just the first in a series of European debt bombs that are set to explode. The mortgage debts in post-Soviet economies and Iceland are more explosive. Although these countries are not in the Eurozone, most of their debts are denominated in euros. Some 87% of Latvia’s debts are in euros
- [The Oracle with Max Keiser](https://michael-hudson.com/2009/02/the-oracle-with-max-keiser/) - Dr Hudson interviewed on BBC World TV 's The Oracle with Max Keiser. Part one Part two Part three
- [Debtor Nation: The Hijacking of Americas Economy](https://michael-hudson.com/2008/01/debtor-nation-the-hijacking-of-americas-economy/) - Debtor Nation: The Hijacking of Americas Economy (pdf), in Acres , January 2008, Vol. 38, No.1
- [EU Fracking Wedge](https://michael-hudson.com/2014/09/eu-fracking-wedge/) - An interview with Radio Voice of Russia, World Service on Ukrainian sovereignty in the face of IMF loans, the push for fracking by US interests and how corruption lurks in the background. Is this Ukrainian pressure part of an EU fracking wedge on behalf of certain interests? According to this perspective, food sovereignty is a
- [Losing Credibility: The IMF’s New Cold War Loan to Ukraine](https://michael-hudson.com/2014/09/losing-credibility-the-imfs-new-cold-war-loan-to-ukraine/) - Prof Michael Hudson exposes the new financial matrix the IMF is applying to Ukraine, in the process breaking their own deeds.
- [IMF Loans for Ukraine's disadvantage](https://michael-hudson.com/2014/09/imf-loans-for-ukraines-disadvantage/) - Prof Michael Hudson on Ukraine's IMF loan. What are IMF insider's even saying about it?
- [S for Saint Simon](https://michael-hudson.com/2014/07/s-for-saint-simon/) - The latest instalment in The Insider's Economic Dictionary, covering S is for Says Law to System's Analysis. Read and digest reality.
- [US Fracking EU Sovereignty](https://michael-hudson.com/2014/07/us-fracking-eu-sovereignty/) - Prof Michael Hudson on the latest US policy push to frack their way into Ukranian agricultural lands.
- [Vulture Funds trump Argentinian sovereignty](https://michael-hudson.com/2014/07/vulture-funds-trump-argentinian-sovereignty/) - Michael Hudson discusses the recent court case giving vulture funds the right to turn $48 million into a $1.65 billion debt for the Argentinian government.
- [Escaping the dollar](https://michael-hudson.com/2014/07/escaping-the-dollar/) - Michael Hudson & Leo Panitch thrash out the detail on emerging BRIC efforts to move away from dollar denominated trades.
- [Bank for Settlements annual report: Tax labor to pay bondholders.](https://michael-hudson.com/2014/07/bis-fiscal-policy-for-paying-rentiers/) - Michael Hudson on debt service as the price to pay for life on earth under a balance sheet depression.
- [No to currency slavery](https://michael-hudson.com/2014/07/no-to-currency-slavery/) - Michael Hudson on the geo-political pressures Ukraine is being squeezed between. Cheap productive land sandwiched between the US/ Russian standoff. All good for the polls.
- [Ukraine: Bureaucratic Bliss](https://michael-hudson.com/2014/07/ukraine-bureaucratic-bliss/) - As if they didnt have enough problems, now Ukraine's bureaucrats are signing agreements to waiver sovereignty.
- [Ukraine's Gangster State](https://michael-hudson.com/2014/06/ukraines-gangster-state/) - Michael Hudson interviewed on RT regarding the outright resource-grabbing in an oligarch led state. 18/24 Ukrainian states run by oligarchs!
- [Forever Blowing Bubbles](https://michael-hudson.com/2009/11/forever-blowing-bubbles/) - The presentation from Professor Michael Hudson’s Sydney talk ‘Forever Blowing Bubbles’. The screen size is small to reduce the file size.
- [Tea Party Winners](https://michael-hudson.com/2014/06/tea-party-winners/) - Prof Michael Hudson on why the left have lost their radar on addressing inequality with any real depth.
- [EU Voters Turn Against Austerity](https://michael-hudson.com/2014/05/eu-voters-turn-against-austerity/) - Michael Hudson on the rising concern over neo liberalism and un-democratic control from Brussels.
- [QE reduction in time for next speculative kickoff](https://michael-hudson.com/2014/05/qe-reduction-in-time-for-next-speculative-kickoff/) - Michael Hudson on the Real News discussing the QE wind down - how was this policy different to past recessionary policies?
- [EU: nationalism a cover for austerity](https://michael-hudson.com/2014/05/eu-nationalism-a-cover-for-austerity/) - Michael Hudson shares a three way interview on recent Ukraine, EU geo-political plays
- [The New Cold War’s Ukraine Gambit ](https://michael-hudson.com/2014/05/the-new-cold-wars-ukraine-gambit/) - Michael Hudson[1] The following article is from a new book, Flashpoint in Ukraine, edited by Stephen Lendman. It is currently available from Clarity Press as an e-book, and soon to be printed. Finance in today’s world has become war by non-military means. Its object is the same as that of military conquest: appropriation of land
- [The 1% and Piketty](https://michael-hudson.com/2014/04/the-1-and-piketty/) - Hudson points out what Piketty missed and what should be implemented.
- [Obama channeling Cheney?](https://michael-hudson.com/2014/04/obama-channeling-dick-cheney/) - On the geo-political machinations behind the Ukraine escalation - separate from Russia and buy more arms from the US.
- [Ukraine's Boomerang Aid](https://michael-hudson.com/2014/03/ukraines-boomerang-aid/) - with Thom Hartmann from RT's The Big Picture.
- [Crimea: Geo-Political Gas ](https://michael-hudson.com/2014/03/crimea-geo-political-gas/) - Michael Hudson & Jeff Sommers are interviewed on the background machinations to Russia's annexing of Crimea. Putin has placed an X on offshore reserves.
- [Russia, Crimea and the Consequences of NATO Policy](https://michael-hudson.com/2014/03/russia-crimea-and-the-consequences-of-nato-policy/) - Ukrainian Hangovers AS first published on Counterpunch by JEFFREY SOMMERS and MICHAEL HUDSON Russia’s incursion (invasion if you prefer) into Crimea, with prospects for movement into Eastern Ukraine, is the culmination of US/NATO policy since 1991. The unraveling of the USSR and its Soviet bloc (the Warsaw Pact) dismantled the largest empire in modern history.
- [Ukraine, Austerity....Again?](https://michael-hudson.com/2014/03/ukraine-austerity-again/) - An interview with WBEZ on the one-sided view of economic reform. WBEZ writes: Both the U.S. and the E.U. have pledged aid packages to help Ukraine's new government stabilize the country's economy. The IMF also has a team on the ground in Ukraine, currently analyzing the country's debt crisis. They expect to make recommendations for
- [Ukraine: "Go West, Young Man"](https://michael-hudson.com/2014/03/ukraine-go-west-young-man/) - By Jeffrey Sommers & Michael Hudson As first published on Truth Out "Let them loot." That is the demand of the West when its NGO subsidiaries firebomb government buildings, murder policemen and loot the arms depots of military forts. Kiev is the equivalent of Kosovo as a Slavic city-of-origin. Are we seeing a replay? What
- [Russia's Economic Development to Offset Terrorist Fervor?](https://michael-hudson.com/2014/02/russias-economic-development-to-offset-terrorist-fervor/) - Commenting on the Sochi Games, Michael Hudson & Jeffrey Sommers on the new Russian blueprint for defence against terrorism - building infrastructure to raise living standards and productivity.
- [Monopoly's Poster Children](https://michael-hudson.com/2014/02/monopolys-poster-children/) - This is the first episode of our new “Alternative Voices” interview series, where we talk to people who give us a different perspective on all manner of topics. Our first guest is Professor Michael Hudson, a research professor of economics at the University of Missouri in Kansas City and the author of two books “The
- [95% Income Growth Goes to the 1%](https://michael-hudson.com/2014/01/95-income-growth-goes-to-the-1/) - Michael Hudson on why debts wont be cancelled and how the 1% are carving up the planet - particularly austerity ridden europe.
- [N is for Neo-Serfdom, O for Offshore Banking](https://michael-hudson.com/2014/01/n-is-for-neo-serfdom-o-is-for-offshore-banking/) - MIchael Hudson's sarcastic take on the Insider's Economic Dictionary
- [L is for Land](https://michael-hudson.com/2014/01/l-is-for-land/) - The Insider's Economic Dictionary - Michael Hudson's sarcastic take on what economics is really about
- [M for Marginalism](https://michael-hudson.com/2014/01/m-for-marginalism/) - Michael Hudson's sarcastic insights into economic jargon - the Insider's Economic Dictionary
- [Surviving Oligarchy](https://michael-hudson.com/2013/11/surviving-oligarchy/) - Michael Hudson as interviewed for Surviving Progress film.
- [The Insider’s Economic Dictionary - Part A](https://michael-hudson.com/2013/07/the-insiders-economicdictionary-part-a/) - Prof Michael Hudson's Insider's Economic Dictionary, telling it how it is, one definition at a time.
- [H is for Half-Life](https://michael-hudson.com/2013/11/h-is-for-half-life/) - Part H in The Insider's Economic Dictionary, Michael Hudson's cunning interpretation of economic terminology.
- [G is for Groundrent](https://michael-hudson.com/2013/11/g-is-for-groundrent/) - Part G to The Insider’s Economic Dictionary. Gains from Trade: A euphemism for trade dependency resulting from the specialization of production between food-surplus nations and food-deficit countries, and the parallel polarization between high-technology and low-wage producers. Originally coined by free-trade advocates, the term is now used primarily by the agriculturally protectionist economies of North America
- [I is for Ideology](https://michael-hudson.com/2013/11/i-is-for-ideology/) - Part I in The Insider's Economic Dictionary, Michael Hudson's cunning interpretation of economic terminology.
- [Extra Economist](https://michael-hudson.com/2013/10/extra-economist/) - POdcast fans will love this fast paced discussion with Prof Michael Hudson on the state of global economic policy fraud. Economic literacy for all is the only way forward.
- [Hudson Italy speech](https://michael-hudson.com/2013/11/hudson-italy-speech/) - Another of the presentations from Remini. Enjoy.
- [Global Property Ponzi Policy](https://michael-hudson.com/2013/10/global-property-ponzi-policy/) - I appear at the 12 minute mark. Max Keiser focuses on the global property ponzi game. The UK housing policy 'Help to Buy' - a 15% underwriting of loans under £600,000 is a technique to re-inflate land prices. A 15% rise will bail out the bad loans UK banks have made. Meanwhile the tax dodging
- [B is for Bailout](https://michael-hudson.com/2013/08/b-is-for-bailout/) - Prof Michael Hudson's Insider's Economic Dictionary, telling it how it is, one definition at a time.
- [C is for Camouflage](https://michael-hudson.com/2013/08/c-is-for-camouflage/) - Prof Michael Hudson's Insider's Economic Dictionary, telling it how it is, one definition at a time.
- [D is for Debt](https://michael-hudson.com/2013/09/d-is-for-debt/) - Prof Michael Hudson's Insider's Economic Dictionary, telling it how it is, one definition at a time.
- [F is for FIRE sector](https://michael-hudson.com/2013/09/f-is-for-fire-sector/) - Prof Michael Hudson's Insider's Economic Dictionary, telling it how it is, one definition at a time.
- [E is for Earned Income](https://michael-hudson.com/2013/09/e-is-for-earned-income/) - Prof Michael Hudson's Insider's Economic Dictionary, telling it how it is, one definition at a time.
- [Obama’s Master Class in Demagogy 101](https://michael-hudson.com/2013/07/obamas-master-class-in-demagogy-101/) - Prof Michael Hudson critiques Obama's recent speech at Knox College. Is he greasing the wheels for mass privatizations of public infrastructure?
- [China - Avoid the West's Debt Overhead: A Land Tax is needed to hold down Housing Prices](https://michael-hudson.com/2013/07/china-avoid-the-wests-debt-overhead-a-land-tax-is-needed-to-hold-down-housing-prices/) - China must decide if they follow blindly down the West's borrow and speculate model or one where the productive economy is prioritised.
- [Game Over](https://michael-hudson.com/2013/07/game-over/) - Prime Interest Interview
- [The Bubble Economy as a 2 part play for Privatisation](https://michael-hudson.com/2013/07/the-bubble-economy-as-a-2-part-play-for-privatisation/) - As published in the latest World Economics Association digest, the Real World Economics Review The Federal Reserve’s QE3 has flooded the stock and bond markets with low-interest liquidity that makes it profitable for speculators to borrow cheap and make arbitrage gains buying stocks and bonds yielding higher dividends or interest. In principle, one could borrow
- [Finance Capitalism and its Discontents ](https://michael-hudson.com/2012/12/finance-capitalism-and-its-discontents/) - NEW BOOK: This collection contains the most important interviews and speeches that Professor Michael Hudson, Distinguished Professor of Economics at the University of Missouri (Kansas City), and president of the Institute for the Study of Long-term Economic Trends (ISLET) has given over the past decade (2003-2012). They span the political spectrum from COUNTERPUNCH.COM and KPFK
- [Monopoly Price Tyranny](https://michael-hudson.com/2013/05/monopoly-price-tyranny/) - Keiser-Hudson on bread to debt, 2nd half of the show.
- [Russia’s Economic Interests (Part 1)](https://michael-hudson.com/2011/08/russias-economic-interests-part-1/) - We all know that the world is unfair. The most useful question to ask is how much poverty is economically necessary, how much is a product of policies that can be alleviated? A related question is how financial and fiscal austerity hurts the national economic interest. This problem is especially relevant in Russia today, since
- [Russia: Reversing Economic Polarization and Poverty](https://michael-hudson.com/2011/08/russia-reversing-economic-polarization-and-poverty/) - Policy Conclusions for Russia (Part 2) Read Part 1 The most obvious caused poverty is by debt. And the largest category of personal debt in today’s world is mortgage debt to obtain a family home of one’s own. The price of homes rises when taxes are lowered (or shifted off property and onto employees), because
- [Mrs. Thatcher's Mean Legacy](https://michael-hudson.com/2013/04/mrs-thatchers-mean-legacy/) - The Queen Mother of Global Austerity and Financialization Michael Hudson and Jeffrey Sommers We typically honor the convention to refrain from speaking ill of the recently departed. But Margaret Thatcher probably would not object to an epitaph focusing on how her political legacy was to achieve her professed aim of “irreversibly” dismantling Britain’s public sector.
- [Thatcher - 'Sorry You've Lost Your Job'](https://michael-hudson.com/2013/04/1843/) - More at The Real News Edited transcript PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I'm Paul Jay in Baltimore. Former prime minister Margaret Thatcher has passed away, and of course around the world people are debating her legacy. Henry Kissinger said she was a great defender of Western interests. She's known
- ["Let us glory in our inequality."](https://michael-hudson.com/2013/04/failed-privatizations-the-thatcher-legacy/) - Hudson delivers the detail on the higher cost of living resultant of Thatcher's privatisation, reminding us why economic history must be taught in economics, commerce and finance degrees.
- [Wall St Burdens the Public Debt](https://michael-hudson.com/2013/03/bank-bailouts-burden-the-public-debt/) - More at The Real News PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I'm Paul Jay in Baltimore. As the effects of the sequester agreement ripple through the American economy--massive cuts, that is, to social programs, and the military to some extent--one thing is clear: both sides--President Obama and the leadership of
- [Economic Policy Deception ](https://michael-hudson.com/2013/03/economic-policy-deception/) - Another in the series of interviews on the Renegade Economists radio show (Australia), a wide ranging analysis of the advantages to wealth that money printing and poor tax policy produce. Topics include land and housing policy, German gold repatriation, Occupy, Bradley Manning, Iran, Obama and Kruegar. Listen here Subscribe to the show (itunes) Transcription 06.03.2013:
- [Government Debt and Deficits Are Not the Problem. Private Debt Is.](https://michael-hudson.com/2013/03/government-debt-and-deficits-are-not-the-problem-private-debt-is/) - There are two quite different perspectives in the set of speeches at this conference. Many on our morning panels – Steve Keen, William Greider, and earlier Yves Smith and Robert Kuttner – have warned about the economy being strapped by debt. The debt we are talking about is private-sector debt. But most officials this afternoon
- [The Delicious Irony of Morris Greenberg's AIG Suit Against the US Treasury](https://michael-hudson.com/2013/01/the-delicious-irony-of-morris-greenbergs-aig-suit-against-the-us-treasury/) - When the financial bubble burst in September 2008, U.S. and European governments responded by shifting bank losses onto their own balance sheets. The pretense is that real growth cannot resume until the banks and speculators are “made whole.” To cover the cost of bailing out the banks, governments now are trying to run budget surpluses.
- [2013 - the stage is set](https://michael-hudson.com/2013/01/2013-the-stage-is-set/) - Hudson on the Thom Hartmann Program.
- [America’s Deceptive 2012 Fiscal Cliff  ](https://michael-hudson.com/2012/12/americas-deceptive-2012-fiscal-cliff/) - How today’s fiscal austerity is reminiscent of World War I’s economic misunderstandings When World War I broke out in August 1914, economists on both sides forecast that hostilities could not last more than about six months. Wars had grown so expensive that governments quickly would run out of money. It seemed that if Germany could
- [Reality economics](https://michael-hudson.com/2012/12/reality-economics/) - A review of Norbert Häring and Niall Douglas, Economists and the Powerful (London: Anthem Press, 2012). “Whom the gods would destroy, they first make mad.” And if they would destroy economies, they first create a wealthy class on top, and let human nature do the rest. The acquisition of power soon leads to its abuse,
- [Austerity, Debt and Unelected Central Bankers](https://michael-hudson.com/2012/12/austerity-debt-and-unelected-central-bankers/) - Loans you shouldn't pay back, violent partners, and who triumphs when Germany Banks & Greece go toe to toe. Seek truth from facts with former Chase banker Prof. Michael Hudson, Stockholm Syndrome theorist Dr. Carlos Encinas, anti-EU party boss Peter Mach, Greek Correspondent Nicolas Mottas and Financial Times Associate Editor Wolfgang Munchau.
- [Fiscal Cliff Trojan](https://michael-hudson.com/2012/11/fiscal-cliff-trojan/) - More at The Real News November 25, 2012 Fiscal Cliff An Artificial Crisis Michael Hudson: Fiscal cliff was manufactured to shift more of the burden of the crisis onto ordinary people. Transcript PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I'm Paul Jay in Baltimore. ... Now we are going to begin.
- [Obama Wins for whom?](https://michael-hudson.com/2012/11/obama-wins-for-whom/) - As published in Counterpunch The Democrats could not have won so handily without the Citizens United ruling. That is what enabled the Koch Brothers to spend their billions to support right-wing candidates that barked and growled like sheep dogs to give voters little civilized option but to vote for “the lesser evil.” This will be
- [The Bubble and Beyond on Kindle](https://michael-hudson.com/2012/10/the-bubble-and-beyond-on-kindle/) - After many hours of formatting (thankyou Lynn), the new book The Bubble and Beyond can now be purchased for $10 from Kindle. Enjoy! Sales so far have been very good. The book would be on its second print if we were selling it traditionally. The print on demand function we are using is very effective.
- [Inner Econ Geek](https://michael-hudson.com/2012/10/inner-econ-geek/) - This interview with Profs. Hudson, Bill Black and Randy Wray at UMKC describes how the U.S. Financial sector has become criminalized, and describes how the economy will continue to shrink sharply after the November presidential election. Listen via here KCUR writes: Want to satisfy your inner econ geek? You've come to the right place. On
- [QE3 = Jobs for Wall St](https://michael-hudson.com/2012/09/qe3-jobs-for-wall-st/) - More at The Real News PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I'm Paul Jay in Baltimore. Ben Bernanke, the head of the Federal Reserve, announced a few days ago QE3, quantitative easing three, and now he says they're going to continue to buy assets, multibillion dollars of purchases, until the
- [Modern Money and Public Purpose ](https://michael-hudson.com/2012/09/modern-money-and-public-purpose/) - Here is the recording of the presentation I gave at the Modern Money and Public Purpose seminar recently. My delivery begins at the 43 minute mark. I highly recommend Randy's presentation beforehand. Moderator: William V. Harris, William R. Shepherd Professor of History and Director, Center for the Ancient Mediterranean, Columbia University Speaker 1: L. Randall
- [Wall Street’s War Against the Cities](https://michael-hudson.com/2012/08/wall-streets-war-against-the-cities/) - Why Bondholders Can’t – and Shouldn’t – be Paid The pace of Wall Street’s war against the 99% is quickening in preparation for the kill. Having demonized public employees for being scheduled to receive pensions on their lifetime employment service, bondholders are insisting on getting the money instead. It is the same austerity philosophy that
- [Overview: The Bubble and Beyond:](https://michael-hudson.com/2012/08/overview-the-bubble-and-beyond/) - The Road from Industrial Capitalism to Finance Capitalism and Debt Peonage Essays on Fictitious Capital, Debt Deflation and the Global Crisis Michael Hudson's new book The Bubble and Beyond can be purchased here. Preface Summary and Analytic Table of Contents Introduction: Today’s Financial Crisis and Economic Theory I. Fictitious Capital and Economic Fictions 1. Two
- [Fireside on the Great Theft ](https://michael-hudson.com/2012/08/fireside-on-the-great-theft/) - Michael Hudson's new book The Bubble and Beyond can be purchased here. A recent interview in Frankfurt's FAZ newspaper: Dr. Schirrmacher: And then, just to find a starting point, maybe we can start with the personal, and then at least I would ask you both. Maybe that is a good starting point, very basic: What
- [Financial Predators v. Labor, Industry and Democracy](https://michael-hudson.com/2012/08/financial-predators-v-labor-industry-and-democracy/) - Europe’s sovereign debt crisis in historical perspective Sankt Georgen University, Frankfurt, June 22, 2012 Michael Hudson's new book The Bubble and Beyond can be purchased here. The Eurozone lacks a central bank to do what most central banks are supposed to do: finance government deficits. To make matters worse, the Lisbon Agreement limits these deficits
- [Escape Economics Review](https://michael-hudson.com/2012/08/escape-economics-review/) - PAUL CRAIG ROBERTS reviews my book in Escape from Economics. Hudson is totally outside the matrix in which economists imprison themselves. Hudson doesn’t live in the artificial reality of economists or shill for corporations and Wall Street. A person can learn a lot from Hudson. His book, Trade, Development and Foreign Debt (2009) explains how
- [Beyond Fictitious Capital](https://michael-hudson.com/2012/07/beyond-fictitious-capital/) - A discussion with Max Keiser on my new book The Bubble and Beyond.
- [The Weaponization of Economic Theory](https://michael-hudson.com/2012/07/the-weaponization-of-economic-theory/) - Europe’s three needs: a debt write-down, a real central bank, and a more efficient tax system Brussels Talk, Madariaga College, Governing Globalisation in a World Economy in Transition, June 27, 2012 What can Europe learn from the United States? First, the United States – like Canada, England and China – have central banks that do
- [Lativa No Austerity Success (extended)](https://michael-hudson.com/2012/06/lativa-no-austerity-success-extended/) - by JEFFREY SOMMERS and MICHAEL HUDSON A much shorter version of this article appeared in the Financial Times on Friday, June 22. Austerity’s advocates are declaring victory with Latvia’s battle against the European economic crisis and advocating it as the model for Greece & Spain to emulate. Curiously, Latvians have been declaring this “win” by exiting
- [Firing Alan Greenspan](https://michael-hudson.com/2012/05/firing-alan-greenspan/) - During the interview for the documentary Real Estate 4 Ransom, Prof Michael Hudson discussed Greenspan's reputation in his formative days on Wall St, revealing a controversial 1966 incident. Transcript Why are real wages falling? MH: They’ve (wages) been going down because essentially the economy shifted radically throughout the world, starting in 1979, when Margaret Thatcher
- [Obama's Blame Game](https://michael-hudson.com/2012/06/obamas-blame-game/) - Michael on RT News.
- [Paul Krugman’s Economic Blinders](https://michael-hudson.com/2012/05/paul-krugmans-economic-blinders/) - Paul Krugman is widely appreciated for his New York Times columns criticizing Republican demands for fiscal austerity. He rightly argues that cutting back public spending will worsen the economic depression into which we are sinking. And despite his partisan Democratic Party politicking, he warned from the outset in 2009 that President Obama’s modest counter-cyclical spending
- [Learning from the Eurocrisis](https://michael-hudson.com/2012/05/learning-from-the-eurocrisis/) - Transcript Headlines around the world greeted the election results in Greece and France as a rejection of austerity programs by the electors of those countries. Well, what can Americans learn from the results of these elections and from the crisis in the eurozone? Now joining us to talk about all of this is Michael Hudson.
- [Fraud and Economics](https://michael-hudson.com/2012/04/fraud-and-economics/) - Another Keiser - Hudson discussion. Michael starts about half way through in analysis of austerity, debt and fraudulent conveyance.
- [Productivity, The Miracle of Compound Interest and Poverty](https://michael-hudson.com/2012/04/productivity-the-miracle-of-compound-interest-and-poverty/) - This is a re-working of my second talk at the Rimini MMT conference, as heard on Guns and Butter. Suppose you were alive back in 1945 and were told about all the new technology that would be invented between then and now: the computers and internet, mobile phones and other consumer electronics, faster and cheaper
- [EU IMF'd ](https://michael-hudson.com/2012/04/imfd-eu/) - Hudson on Lauren Lyster's Capital Account discussing the upcoming Washington Consensus meetings.
- [Austerity still?](https://michael-hudson.com/2012/04/austerity-still/) - Michael Hudson's presentation for the session "The Challenge of DeLeveraging and Overhangs of Debt II: The Politics and Economics of Restructuring" at the Institute for New Economic Thinking's (INET) Paradigm Lost Conference in Berlin. April 13, 2012.
- [Functional Finance](https://michael-hudson.com/2012/03/functional-finance/) - Modern Money Theory and Private Banks Listen To Audio Stephanie Kelton and Michael Hudson's speeches at last month's Modern Money Theory 2012 Summit (Rimini, Italy) have been transcribed by Media Roots. They provide extensive links in their transcription to assist in the educative process. March 28, 2012 MEDIA ROOTS — Pacifica Radio's Guns and Butter
- [Jobs Commentary ](https://michael-hudson.com/2012/03/jobs-commentary/) - Michael appeared on RT news to discuss the latest unemployment figures amongst other current affairs issues.
- [Keiser Hudson](https://michael-hudson.com/2012/03/keiser-hudson/) - Michael appears about half way through.
- [Wall Street's Capital Gain Plan](https://michael-hudson.com/2012/02/wall-streets-capital-gain-planning/) - Hudson on the plan for the 1% to monopolise Main Street through concentration of ownership AKA asset grabs. 73,000 views in 2 days. Transcript PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I'm Paul Jay in Washington. Concentration of ownership leads to concentration of political power. It's rather obvious. It's practically a
- [Greek Strategy](https://michael-hudson.com/2012/02/greek-strategy/) - Michael Hudson on the Greek experiment. More at The Real News The Greek crisis is being used to find out how far finance can drive down wages and privatize the public sector. Michael Hudson interviewed by Paul Jay Note: This is my editing of an interview Professor Michael Hudson gave to The Real News Network.
- [Good Bank Bad Bank
](https://michael-hudson.com/2012/02/good-bank-bad-bank/) - As printed in FAZ Feuilleton, 06.02.2012 Schuldenkrise - Gute Bank, böse Bank Warum kapitulieren die Staaten vor der Macht der Banken? Es gibt Beispiele genug in der Geschichte für eine Politik, bei der die Banken produktive Aufgaben hatten. Von MICHAEL HUDSON Wenn es in der Schuldenkrise einen Silberstreif am Horizont gibt, dann ist es die
- [Padding Banksters Pockets](https://michael-hudson.com/2012/01/padding-banksters-pockets/) - Hudson giving an overview of current affairs with a fired up Lauren Lyster fresh back from Davos.
- [Banking Wasn't Meant to Be Like This](https://michael-hudson.com/2012/01/banking-wasnt-meant-to-be-like-this/) - What will their future be – and what is the government’s proper financial role? As published in the Frankfurter Allgemeine Zeitung. The inherently symbiotic relationship between banks and governments recently has been reversed. In medieval times, wealthy bankers lent to kings and princes as their major customers. But now it is the banks that are
- [Inside the World Bank's Population Policy](https://michael-hudson.com/2012/01/inside-the-world-banks-population-policy/) - Taken from Super Imperialism, 2nd Edition, p213 (1972) For instance, the World Bank is essentially an American instrument, and the United States is a food-surplus nation threatened with loss of foreign markets for farm products as modernization of European agriculture proceeds. For the World Bank to finance such institutional reforms in developing nations as would
- [Degredation of Democracy](https://michael-hudson.com/2011/12/degredation-of-democracy/) - Michael appears on Capital Account to discuss his two most recent articles, Democracy & Debt and Europe's Transition from Social Democracy to Oligarchy.
- [Europe’s Transition From Social Democracy to Oligarchy](https://michael-hudson.com/2011/12/europes-transition-from-social-democracy-to-oligarchy/) - As first published in Frankfurter Allgemeine Zeitung The easiest way to understand Europe’s financial crisis is to look at the solutions being proposed to resolve it. They are a banker’s dream, a grab bag of giveaways that few voters would be likely to approve in a democratic referendum. Bank strategists learned not to risk submitting
- [Democracy and Debt](https://michael-hudson.com/2011/12/democracy-and-debt/) - Has the Link been Broken? *This article appeared in the Frankfurter Algemeine Zeitung on December 5, 2011. Book V of Aristotle’s Politics describes the eternal transition of oligarchies making themselves into hereditary aristocracies – which end up being overthrown by tyrants or develop internal rivalries as some families decide to “take the multitude into their
- [Systemic Deficit Strategy](https://michael-hudson.com/2011/11/systemic-deficit-strategy/) - Michael Hudson on the Super Committee and the deficit strategy. More at The Real News
- [Reforming the U.S. Financial and Tax System](https://michael-hudson.com/2011/11/reforming-the-u-s-financial-and-tax-system/) - On November 3, 2011, Alan Minsky interviewed me on KPFK’s program, “Building a Powerful Movement in the United States” in preparation for an Occupy L.A. teach-in. Listen to the interview. To clarify my points I have edited and expanded my answers from the interview transcript. Alan Minsky: I am joined now by Michael Hudson. He
- [Iceland's Fair Value Vultures](https://michael-hudson.com/2011/11/icelands-fair-value-vultures/) - The New Bank Disaster Olafur Arnarson, Michael Hudson and Gunnar Tomasson* The problem of bank loans gone bad, especially those with government-guarantees such as U.S. student loans and Fannie Mae mortgages, has thrown into question just what should be a “fair value” for these debt obligations. Should “fair value” reflect what debtors can pay –
- [Occupy Systemic Change](https://michael-hudson.com/2011/11/occupy-systemic-change/) - Hudson with Lauren Lyster, discussing shocking new census poverty figures and the coming change. This rushed interview required more detail on solutions as can be heard here and read here.
- [Icelandic Recovery Plan](https://michael-hudson.com/2011/11/iceland-recovery-plan/)
- [Now We're Talking](https://michael-hudson.com/2011/11/now-were-talking/) - Hudson is in form on KPFK today with Alan Minsky. 17 minutes - worth doing the dishes to. Listen as the topics fly thick and fast.
- [EU: Democracy Incompatible with Debt Collection](https://michael-hudson.com/2011/11/eu-democracy-incompatible-with-debt-collection/) - Democracy Now Nov 3 2011 AMY GOODMAN: World leaders are gathering in Cannes for the opening of the Group of 20 summit today. That’s the G20 summit. On the top of the agenda is Greece and the European debt crisis. The Greek prime minister, George Papandreou, is coming under intense criticism from European leaders for
- [Consent Needed for Debt Repayments](https://michael-hudson.com/2011/11/consent-needed-for-debt-repayments/) - More at The Real News Transcript PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I'm Paul Jay in Washington. In Europe, people in many countries are saying no to paying for the crisis and bailing out banks. And to a large extent leading the way have been people in Iceland, who have
- [Trade Theory Financialized](https://michael-hudson.com/2011/10/trade-theory-financialized/) - Trade and Payments Theory in a Financialized Economy Michael Hudson (UMKC) Paper delivered at the Boeckler Foundation meetings, Berlin, October 29, 2011, #D3. Summary Ricardian trade theory was based on the cost of labor at a time when grain and other consumer goods accounted for most subsistence spending. But today’s budgets are dominated by payments
- [Greek Austerity](https://michael-hudson.com/2011/10/greek-austerity/) - Michael discusses how democracy has been subverted. More at The Real News
- [Occupy Wall St - Systemic Change Please](https://michael-hudson.com/2011/10/occupy-wall-st-systemic-change-please/) - More at The Real News Michael discusses the growing Occupy Wall St movement and the opportunities for banking reform. Transcript PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I'm Paul Jay in Washington. And in Washington, Occupy Washington has started. Occupy New York continues. And occupy many cities across the United States
- [Obama’s Good Cop/ Bad Cop deal with the Republicans](https://michael-hudson.com/2011/10/obamas-look-over-there/) - Don’t Let Him Get Away With It: Occupy Wall St The seeds for President Obama’s demagogic press conference on Thursday were planted last summer when he assigned his right-wing Committee of 13 the role of resolving the obvious and inevitable Congressional budget standoff by forging an anti-labor policy that cuts Social Security, Medicare and Medicaid,
- [Euro SOS Debate](https://michael-hudson.com/2011/09/euro-sos-debate/) - During the the Global Policy Forum (Russia), Jeffrey Sommers and Michael Hudson discussed the future of the EU with Bloomberg columnist Matthew Lynn.
- [Hudson in Russia: The Myth of Neo-Liberalism](https://michael-hudson.com/2011/09/hudson-in-russia-the-myth-of-neo-liberalism/) - Michael is in Russia on tour. More soon.
- [Banksters Bailout Builds](https://michael-hudson.com/2011/08/banksters-bailout-builds/) - We missed this one from nearly two months ago, an interview with Michael on RT News regarding the next round of banking bailouts. Why does America have a budget deficit?
- [Discussing Obama's Motivations](https://michael-hudson.com/2011/08/discussing-obamas-motivations/) - Max Keiser probes Michael on the framing of today's political thinking.
- [The State and Local Budget Crisis](https://michael-hudson.com/2011/08/the-state-and-local-budget-crisis/) - The cost of the 2011 cutbacks in federal spending will fall most directly on consumers and retirees by scaling back Social Security, Medicare, Medicaid and social spending programs. The population also will suffer indirectly, by lower federal revenue sharing with U.S. states and cities. The following chart from the National Income and Product Accounts (NIPA,
- [German Taxpayers Willingly Subsidise Bankers ](https://michael-hudson.com/2011/08/german-taxpayers-willingly-subsidise-bankers/) - NY Times, August 11, 2011 A debate between five economists on "Why Aren't Germans Protesting?" Rightly Disgusted at the Banks A bailout, like any other government expenditure, is a tax. Someone must pay all this money. And it is unfair to tax the broad population to pay for a special interest. Instead of being a
- [Debt Deal - Economy Sacrificed for Military Bias](https://michael-hudson.com/2011/08/debt-ceiling-economy-sacrificed-for-military-bias/) - Democracy Now, August 2, 2011 After Months of Partisan Wrangling, Wall Street & Pentagon Emerge Victorious on Debt Deal AMY GOODMAN: After months of a bitterly partisan stalemate, the U.S. House of Representatives has voted in favor of raising the federal borrowing limit and avoiding a default on the national debt. The final count showed
- [Save the Gambling Bankers](https://michael-hudson.com/2011/07/save-the-gambling-bankers/) - Transcription: Democracy Now OBAMA July 2011 Pushing Crisis: GOP Cries Wolf on Debt Ceiling in Order to Impose Radical Pro-Rich Agenda President Obama and Republican House Speaker John Boehner are allegedly close to a $3 trillion deficit-reduction package as part of a deal to raise the federal debt ceiling before an Aug. 2 deadline. But
- [Real Estate 4 Ransom trailer](https://michael-hudson.com/2011/07/real-estate-4-ransom-documentary-trailer/) - Michael features in this upcoming Australian documentary on how economic theory was kidnapped and the policy manipulations that allowed this to happen. How was property speculation allowed to crash the global economy?
- [Obama's Debt Ceiling Doublespeak](https://michael-hudson.com/2011/07/obamas-debt-ceiling-doublespeak/) - More at The Real News Transcript PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I'm Paul Jay in Washington. And in Washington the drama over whether the United States Congress will raise the debt ceiling or not continues. The Republicans defend the need to cut spending and get government under control and
- [Greece now, US soon](https://michael-hudson.com/2011/07/greece-now-us-soon/) - More at The Real News Transcript: PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I'm Paul Jay in Washington. In Greece, the Parliament has passed the austerity measures. And judging by the reaction of the stock markets and investors, everyone was rather pleased with that. Stock markets shot up for the next
- [IMF the Economic Hangman](https://michael-hudson.com/2011/07/imf-the-economic-hangman/) - Michael on the Keiser Report, discussing the role of finance in the EU debt crisis. How does Wall St and the IMF fit into the picture? Michael comes on at the 14 minute mark. Download the Hudson only portion of the interview
- [How a $13 Trillion Cover Story was Written](https://michael-hudson.com/2011/06/how-a-13-trillion-cover-story-was-written/) - Free money creation to bail out America's elite financial speculators, but not for Social Security or Medicare Only the “Crazies” Get the Bank Giveaway Right Financial crashes were well understood for a hundred years after they became a normal financial phenomenon in the mid-19th century. Much like the buildup of plaque deposits in human veins
- [Rolling Back the Progressive Era ](https://michael-hudson.com/2011/06/rolling-back-the-progressive-era/) - How Bankers are using the Debt Crisis to welcome in the Financial Road to Serfdom Financial strategists do not intend to let today’s debt crisis go to waste. Foreclosure time has arrived. That means revolution – or more accurately, a counter-revolution to roll back the 20th century’s gains made by social democracy: pensions and social
- [EU: Class War Declared](https://michael-hudson.com/2011/06/eu-class-war-declared/) - Replacing Economic Democracy with Financial Oligarchy "But if a country is still not delivering, I think all would agree that the second stage has to be different. Would it go too far if we envisaged, at this second stage, giving euro area authorities a much deeper and authoritative say in the formation of the country’s
- [ EU: Politics Financialized, Economies Privatized](https://michael-hudson.com/2011/05/eu-politics-financialized-economies-privatized/) - Breakup of the euro? Is Iceland's rejection of financial bullying a model for Greece and Ireland? This article is an excerpt from Prof. Hudson’s upcoming book, “Debts that Can’t be Paid, Won’t Be,” to be published later this year. Last month Iceland voted against submitting to British and Dutch demands that it compensate their national
- [Rating Junk Economics](https://michael-hudson.com/2011/04/rating-junk-economics/) - Michael Hudson appears on the Renegade Economists podcast to discuss the motivations behind rating agencies, austerity aiding bankers, the disintegration of the EU and how property bubbles are to blame for so many of the global economy's problems. Michael Douglas from Wall St: Money Never Sleeps makes a cameo appearance. Listen now Subscribe to the
- [10 Million Foreclosures Matter](https://michael-hudson.com/2011/04/10-million-foreclosures-matter/) - More at The Real News
- [Why Iceland Voted 'No'](https://michael-hudson.com/2011/04/why-iceland-voted-no/) - About 75% of Iceland’s voters turned out on Saturday to reject the Social Democratic-Green government’s proposal to pay $5.2 billion to the British and Dutch bank insurance agencies for the Landsbanki-Icesave collapse. Every one of Iceland’s six electoral districts voted in the “No” column – by a national margin of 60% (down from 93% in
- [Where to Spend Norway's Oil Rents](https://michael-hudson.com/2011/04/where-to-spend-norways-oil-rents/) - Professor Hudson was recently in Norway and interviewed on NRK. Take your pick, the first file has the Norwegian edited out, so excuse a few jumps in topic. The second is the full podcast. Listen (3 mins) Listen to the Norwegian version (34 mins)
- [Norway’s Oil Fund: Is it Realizing its Full Potential?](https://michael-hudson.com/2011/03/norways-oil-fund-is-it-realizing-its-full-potential/) - A speech given at the House of Literaturhus, Oslo, recently I have been invited to visit Oslo to provide an international perspective on the management philosophy guiding Norway’s $500+ billion Oil Fund. In particular, I’ve been asked to compare it to other sovereign wealth funds. With regard to the nation’s economic development over the long
- [Hudson In Norway](https://michael-hudson.com/2011/02/hudson-in-norway/) - Click 'Read More' to see an interview with Michael Hudson on Norwegian Television. [qt:/video/Hudson_Norway2011.mov 768 576]
- [Why America Had A 90% Income Tax](https://michael-hudson.com/2011/01/why-america-had-a-90-income-tax/) - Michael is interviewed on the Real News Network. History teaches...
- [Bankers: Go The 'Latvian' Option](https://michael-hudson.com/2010/12/bankers-go-the-lativan-option/) - The "Latvian option" is the buzzword of the moment among European bankers and financial journalists. In October, the Latvian people voted in a coalition headed by the incumbent prime minister Valdis Dombrovskis, whose government had savaged social benefits, cut pay and inflated unemployment in 2009. Was this proof that austerity measures could not only work,
- [Financial Interests Dictate Sovereign Policy](https://michael-hudson.com/2010/12/financial-interests-dictate-sovereign-policy/) - Interview with Michael Hudson, Eleftherotypia, Sunday December 12, 2010. 1. A recent article of yours, “Schemes of the Rich and Greedy,” cites the bailouts in Europe among such schemes. What are the main faults with bailouts, and for whom are they designed? The financial sector is trying to get politicians to siphon off money from
- [Deficit Hawks One Two Punch](https://michael-hudson.com/2010/12/deficit-hawks-one-two-punch/) - More at The Real News December 16, 2010 Why Government is More Afraid of Debt than Depression Michael Hudson: Deficit Hawks Want a One Two Punch Against the Economy Transcript PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I'm Paul Jay, coming to you today from New York City. Now joining us
- [From WikiLeaks to 21st Century Potato Famines](https://michael-hudson.com/2010/12/from-wikileaks-to-21st-century-potato-famines/) - Professor Hudson appeared on the Renegade Economists radio show in Melbourne, Australia last Wednesday. Listen
- [Adam Smith critiques the Deficit Reduction Commission](https://michael-hudson.com/2010/12/adam-smith-critiques-the-deficit-reduction-commission/) - What would Adam Smith have said about the Bowles-Simpson economic report last week? What a pity the great free marketer was not around to serve on the Deficit Reduction Commission. He not only would have rolled over in his grave, he would have risen up wielding an ax to the fiscal proposals that are diametrically
- [Schemes of the Rich and Greedy](https://michael-hudson.com/2010/11/schemes-of-the-rich-and-greedy/) - Tax-Avoidance - The Worst is Yet to Come “Let me tell you about the very rich. They are different from you and me.” “The Rich Boy,” by F. Scott Fitzgerald The 30-year campaign of the wealthy to rig our economic system – especially the tax component – for their own benefit will accelerate with the
- [Krugman, China and the role of finance.](https://michael-hudson.com/2010/11/krugman-china-and-the-role-of-finance/) - Here’s the quandary that the U.S. economy is in: The Fed’s quantitative easing policy– creating more liquidity so that banks can lend more – aims at helping the economy “borrow its way out of debt.” But banks are not lending more, for the simple reason that a third of U.S. real estate already is in
- [Dollar War in Detail](https://michael-hudson.com/2010/11/dollar-war-in-detail/) - Eric Janszen, Interview with Dr. Michael Hudson 6 November, 2010 Janszen (E): What I’m noting, starting with the gold crisis over the last few weeks, and the public nature of some of the complaints that we’re hearing out of Brazil and China and the front page of the Financial Times, we seem to be heading
- [Mr. Obama’s Most Recent “2%” Sellout is his Worst Yet  ](https://michael-hudson.com/2010/11/mr-obamas-most-recent-2-sellout-is-his-worst-yet/) - Now that President Obama is almost celebrating his bipartisan willingness to renew the tax cuts for the super-rich enacted under George Bush ten years ago, it is time for Democrats to ask themselves how strongly they are willing to oppose an administration that looks like Bush-Cheney III. Is this what they expected by Mr. Obama’s
- [Hudson to Hudson](https://michael-hudson.com/2010/11/hudson-to-hudson/) - Part One of this discussion was published in the Huffington Post today. You get to see the whole piece here. Michael Hudson talks with . . . Michael Hudson Michael Hudson and Michael Hudson are often mistaken for each other. Along with sharing a name, they share an interest in economics, debt and the creative
- [Russian TV, the G20 and US dollar diplomacy](https://michael-hudson.com/2010/11/russian-tv-the-g20-and-us-dollar-diplomacy/) - Michael was interview on Russian TV yesterday by Lauren Lyster. Watch the 10 minute clip here. There is no possibility of agreement at the upcoming G20 summit because the U.S. is declaring financial war on other countries, believes American economist Michael Hudson. The U.S. has been pushing China to revalue its currency – at a
- [American Monetary Institute presentation](https://michael-hudson.com/2010/11/american-monetary-institute-presentation/) - Michael gave this presentation at the AMI conference recently. You can watch it in 5 parts on youtube via the AMI page or Steve Keen kindly recorded it all as a single file here. The audio is better via AMI.
- [Hudson, Democracy Now on Currency Wars](https://michael-hudson.com/2010/11/hudson-democracy-now-on-currency-wars/) - Michael Hudson as interviewed by Amy Goodman and Juan Gonzalez on Democracy Now! Summary: The Federal Reserve will pump $600 billion more into the U.S. economy and keep interest rates at historical low levels. The short-term impact of the Fed's move—known as quantitative easing—has been a jump in stock prices across the globe. Many nations,
- [Speculating on Quantitative Currency Wars](https://michael-hudson.com/2010/11/speculating-on-quantitive-currency-wars/) - An Interview with Dr. Michael Hudson October 21, 2010 Interviewer: iTulip’s Eric Janszen (E): Welcome Michael Hudson to iTulip again. Thanks for joining us. Hudson (H): Thank you, Eric. E: So we’ve had discussions in the past about China’s response to America’s escalation of the currency wars. Yesterday they made a bold move, raising their
- [Hudson on Capital Controls in FT today](https://michael-hudson.com/2010/10/hudson-on-capital-controls-in-ft-today/) - Michael writes on currency speculation in today's Financial Times - Capital controls will follow the weak dollar. It is well worth registering to this excellent news source. Two weeks ago Brazil moved to deter speculators from pushing up its currency, doubling the tax on foreign investment in its government bonds. Last week Thailand acted on
- [Why the IMF Meetings Failed](https://michael-hudson.com/2010/10/why-the-imf-meetings-failed/) - And the Coming Capital Controls “Coming events cast their shadows forward.” – Goethe What is to stop U.S. banks and their customers from creating $1 trillion, $10 trillion or even $50 trillion on their computer keyboards to buy up all the bonds and stocks in the world, along with all the land and other assets
- [Who Wins?](https://michael-hudson.com/2010/10/who-wins/) - While Labor Unions celebrate Anti-Austerity Day in Europe, European Neoliberals raise the ante: Governments must Lower Wages or Suffer Financial Blackmail Most of the press has described Europe’s labor demonstrations and strikes on Wednesday in terms of the familiar exercise by transport employees irritating travelers with work slowdowns, and large throngs letting off steam by
- [The Land-Residual vs. Building-Residual Methods of Real Estate Valuation](https://michael-hudson.com/2010/08/the-land-residual-vs-building-residual-methods-of-real-estate-valuation-2/) - Some Prefatory Remarks to the N.Y.U. Real Estate Institute discussion, Oct. 25, 2001 Economic theory focuses on labor and capital, yet the largest category of tangible assets is not industrial plant and machinery earning profits, but real estate, and its primary objective is to make capital gains. Most new entries into the Forbes or Fortune
- [China's Policy Checkmate](https://michael-hudson.com/2010/07/chinas-policy-checkmate/) - Interview with Xulin Dong May 2010 DX: You have strongly advocated the use of taxation as a most effective and desirable way to prevent real-estate bubble. Now in the Chinese media there’s a good deal of discussion about the need to re-design China’s real-estate tax regime. In particular, about the merit of a US type
- [Entrepreneurs: From the Near Eastern Takeoff to the Roman Collapse](https://michael-hudson.com/2010/07/entrepreneurs-from-the-near-eastern-takeoff-to-the-roman-collapse/)
- [Dollar Hegemony and the Rise of China](https://michael-hudson.com/2010/07/dollar-hegemony-and-the-rise-of-china/) - Hudson to Premier Wen Jaibao, March 15, 2010 Dear Premier Wen Jiabao, I write this letter to counteract some of the solutions that Western politicians are recommending for China to cope with its buildup of excess foreign-exchange reserves. Raising the renminbi’s exchange rate against the dollar will not cure the China-US payments imbalance. The dollar
- [Latvia’s Third Option](https://michael-hudson.com/2010/07/latvias-third-option/) - Neither Devaluation nor Austerity, but Tax Restructuring A shortened version was published in today's Financial Times. As Europe’s banking crisis deepens, Greece’s and Spain’s fiscal crisis spreads throughout Europe and the US economy stalls, most discussions of how to stabilize national finances assume that only two options are available: “internal devaluation” – shrinking the economy
- [Banks Profit Going Up and Down](https://michael-hudson.com/2010/06/banks-to-profit-going-up-and-down/) - Michael Hudson on Renegade Economists Radio discussing China's looming isolationism, the background on G20 austerity plans plus a few serves on what economics should be looking at. Hudson appears at the 2 minute mark. Audio - 22/06/2010 Subscribe to the Renegade Economists podcast
- [Why Europe Can't Look After Itself](https://michael-hudson.com/2010/06/why-europe-cant-look-after-itself/) - Hudson's latest interview with Bonnie Faulkner, discussing his recent venture to Latvia amidst Europe's current troubles. Why have government's suddenly forgotten how to finance themselves? Hudson on Guns N Butter, June 2010
- [Hudson on Austerity Measures, Latvia Visit](https://michael-hudson.com/2010/06/hudson-on-austerity-measures-latvia-visit/) - Michael appears at the 13.40 minute mark.
- [NeoLiberalism and the Counter-Enlightenment](https://michael-hudson.com/2010/05/neoliberalism-and-the-counter-enlightenment/)
- [Trouble in Europe, China](https://michael-hudson.com/2010/05/trouble-in-europe-china/) - Based on an interview with Eric Janszen of iTulip April 10, 2010 On April 10, 2010 I caught up with Michael Hudson and he was in rare form. Readers know that my personal view is that much of the right wing of the political spectrum doesn’t know what the problem is and all of the
- [After the Ice Age](https://michael-hudson.com/2010/04/after-the-ice-age/) - After the Ice Age: How Calendar-keeping shaped Early Social Structuring Michael Hudson (UMKC) in Paul G. Bahn, ed., An Enquiring Mind: Studies in Honor of Alexander Marshack (American school of prehistoric research monograph series, Oxford and Oakville: Oxbow Books, 2009):149-53. I first met Alex Marshack in 1982 at a lecture he gave in New York
- [Latvia’s Cruel Neoliberal Experiment](https://michael-hudson.com/2010/04/latvias-cruel-neoliberal-experiment/) - Latvia is being devastated by two global wars. On the geopolitical front is the Cold War’s coup de grâce. Neoliberals have managed to de-industrialize Russia and the rest of the former Soviet Union, persuading parliaments to dismantle government support for economic renewal. The “Washington Consensus” has backed a policy of giving away public enterprises and
- [Max Keiser interview on Obama-care](https://michael-hudson.com/2010/04/max-keiser-obama-care/) - Michael Hudson interviewed on Max Keiser's On The Edge (Part 1)
- [Keiser re Economic Suicide (pt2)](https://michael-hudson.com/2010/04/keiser-re-economic-suicide-pt2/) - More with Max Keiser on the economic malaise policy makers are pursuing...
- [Hudson on Housing ](https://michael-hudson.com/2010/03/hudson-housing-market/) - As seen on Fred Harrison's website...
- [Latvia’s Neoliberal Madness](https://michael-hudson.com/2010/02/latvias-neoliberal-madness/) - World Economic Crisis: Latvia’s Neoliberal Madness You Think Greece Has Problems? Latvia's Road to Serfdom By Prof. Michael Hudson and and Prof. Jeff Sommers While most of the world’s press focuses on Greece (and also Spain, Ireland and Portugal) as the most troubled euro-areas, the much more severe, more devastating and downright deadly crisis in
- [Wall Street’s Power Grab](https://michael-hudson.com/2010/01/wall-streets-power-grab-the-financial-crisis-inquiry-commission-hearings/) - The Financial Crisis Inquiry Commission Hearings Counterpunch You almost could hear the bankers heave a sigh of relief when Haiti’s earthquake knocked the Financial Crisis Inquiry Commission hearings off the front pages and evening news broadcasts last week. At stake, after all, is Wall Street’s power grab seeking to centralize policy control firmly in its
- [Krugman's attack on my review of Samuelson](https://michael-hudson.com/2009/12/krugmans-attack-on-my-review-of-samuelson/) - I have recently republished my lecture notes on the history of theories of Trade, Development and Foreign Debt {2}. In this book I provide the basis for refuting Samuelson's factor-price equalization theorem, IMF-World Bank austerity programs, and the purchasing-parity theory of exchange rates. These ideas were lapses back from earlier analysis, whose pedigree I trace.
- [Philip Adams Interview – Late Night Live](https://michael-hudson.com/2009/11/philip-adams-interview-late-night-live/) - You can listen to this interview here.
- [Lifting the Lid on the GFC](https://michael-hudson.com/2009/11/lifting-the-lid-on-the-gfc/) - You can listen to this speech here.
- [Steering the Economy into Debt Deflation – Melbourne Town Hall speech](https://michael-hudson.com/2009/11/steering-the-economy-into-debt-deflation-melbourne-town-hall-speech/) - You can listen to this speech here.
- [The Earth v the Neo-Liberal Paradigm – Prosper Australia speech](https://michael-hudson.com/2009/11/the-earth-v-the-neo-liberal-paradigm-prosper-australia-speech/) - You can listen to this speech here
- [Housing supply down, profits up](https://michael-hudson.com/2009/11/housing-supply-down-profits-up/) - The Age HIGHER land and house prices typically lead to an increased supply of housing. Yet at the peak of Australia’s perennial housing affordability crisis, the Housing Industry Association declared that there would be a 13 per cent fall in housing starts this calendar year, compounding last year’s 18 per cent fall. In light of
- [What Caused The GFC](https://michael-hudson.com/2009/11/what-caused-the-gfc/) - Hudson on ABC International Professor Michael Hudson on ABC International (broadcast to 44 countries) – Monday 26th October
- [Why Iceland and Latvia Won’t (and Can’t) Pay the EU for the Kleptocrats’ Ripoffs](https://michael-hudson.com/2009/08/why-iceland-and-latvia-wont-and-cant-pay-the-eu-for-the-kleptocrats-ripoffs/) - Financial Times (shorter version) Global Research Can Iceland and Latvia pay the foreign debts run up by a fairly narrow layer of their population? The European Union and International Monetary Fund have told them to replace private debts with public obligations, and to pay by raising taxes, slashing public spending and obliging citizens to deplete
- [Iceland’s debt repayment limits will spread](https://michael-hudson.com/2009/08/icelands-debt-repayment-limits-will-spread/) - Financial Times an Iceland and Latvia pay the foreign debts run up by a fairly narrow layer of their population? The European Union and International Monetary Fund have told them to replace private debts with public obligations, and to pay by raising taxes, slashing public spending and obliging citizens to deplete their savings. Resentment is
- [Michael Hudson on US Economic Woes](https://michael-hudson.com/2009/07/renegade-economist-us-special-with-dr-michael-hudson/) - Ross Ashcroft goes to NY for Michael’s views on the state of the US Economy
- [Grand Theft Monopoly](https://michael-hudson.com/2009/07/grand-theft-monopoly/) - Renegade Economist Podcast 96 "As broadcast on the mighty www.3cr.org.au – Professor Michael Hudson excels in describing globalisation from a financial snipers perspective, analysing how real estate (land) is used in the game of currency siphoning out of Latvia, Eastern Europe and Russia. What does neo-liberalism deliver? Who is behind the controls? Also gold, white
- [Is this the end financially of the American empire?](https://michael-hudson.com/2009/06/is-this-the-end-financially-of-the-american-empire/)
- [De-Dollarization: Dismantling America’s Financial-Military Empire](https://michael-hudson.com/2009/06/de-dollarization-dismantling-americas-financial-military-empire/) - The Yekaterinburg Turning Point Global Research The city of Yakaterinburg, Russia’s largest east of the Urals, may become known not only as the death place of the tsars but of American hegemony too – and not only where US U-2 pilot Gary Powers was shot down in 1960, but where the US-centered international financial order
- [Iceland Under Attack (part 1)](https://michael-hudson.com/2009/05/iceland-under-attack-part-1/) - A copy of this file can be downloaded here.
- [Iceland Under Attack (Part 2)](https://michael-hudson.com/2009/05/iceland-under-attack-part-2/) - You can download a copy of this file from here.
- [U.S. Military Spending and the up-coming G-20 Meeting](https://michael-hudson.com/2009/03/u-s-military-spending-and-the-up-coming-g-20-meeting/) - Political Economy Research I am travelling in Europe for three weeks to discuss the global financial crisis with government officials, politicians and labor leaders. What is most remarkable is how differently the financial problem is perceived over here. Its like being in another economic universe, not just another continent. The U.S. media are silent about
- [The Financial Sector: "A House Burning Down"](https://michael-hudson.com/2009/03/the-financial-sector-a-house-burning-down/) - Ben Bernanke’s False Analogy Global Research On the March 15 CBS show "60 Minutes", Federal Reserve Chairman Ben Bernanke used a false analogy already popularized by President Obama in his quasi-State of the Union Speech. He likened the financial sector to a house burning down – fair enough, as it is destroying property values, leading
- [Six Minutes with the Renegade Economist](https://michael-hudson.com/2009/02/six-minutes-with-the-renegade-economist/) - Fred Harrison (Renegade Economist) interviews Michael Hudson You can also download a copy of this interview here.
- [Finance Capitalism Hits a Wall: The Oligarchs’ Escape Plan – at the Treasury’s Expense](https://michael-hudson.com/2009/02/finance-capitalism-hits-a-wall-the-oligarchs-escape-plan-at-the-treasurys-expense/) - Global Research The financial “wealth creation” game is over. Economies emerged from World War II relatively free of debt, but the 60-year global run-up has run its course. Finance capitalism is in a state of collapse, and a new wave of credit cannot revive it. A quarter to a third of U.S. real estate has
- [Bubble Economy 2.0: The Financial Recovery Plan from Hell](https://michael-hudson.com/2009/02/bubble-economy-2-0-the-financial-recovery-plan-from-hell/) - GlobalResearch Martin Wolf started off his Financial Times column today (February 11) with the bold question: “Has Barack Obama’s presidency already failed?”[1] The stock market had a similar opinion, plunging 382 points. Having promised “change,” Mr. Obama is giving us more Clinton-Bush via Robert Rubin’s protégé, Tim Geithner. Tuesday’s $2.5 trillion Financial Stabilization Plan to
- [A Tax Program for U.S. Economic Recovery](https://michael-hudson.com/2009/02/a-tax-program-for-u-s-economic-recovery/) - interview with ITulip. Janszen: How do we fix this mess? Hudson: Debt service is the major charge that is institutional rather than “real” and technologically necessary. Our tax system favors debt rather than equity financing. By encouraging debt it has prompted a tax shift onto the “real” economy’s labor and capital. The resulting interest charge
- [Wealth Creation, or a Ponzi Scheme?](https://michael-hudson.com/2008/12/wealth-creation-or-a-ponzi-scheme/) - GlobalResearch Last week the Good Lord evidently realized that not enough people had been reading Hyman Minsky’s explanation of how financial cycles end in Ponzi schemes – the stage in which banks keep the boom going by lending their customers the money to pay interest and thus avoid default. So He sent Bernie Madoff to
- [Financial Warfare against Labor and Industry](https://michael-hudson.com/2008/10/financial-warfare-against-labor-and-industry/) - Global Research On Friday, October 24, the pound sterling dropped to just $1.53 (down from $1.73 earlier in the week, an enormous plunge by foreign-exchange standards), and the euro sunk to just $1.26, while Japan’s yen soared by 10%. These shifts threatened to disrupt export markets and hence industrial sales patterns. Global stock markets plunged
- [Parsing Mr. Paulson’s Bailout SpeechThe Unprecedented Giveaway of Financial Wealth Story](https://michael-hudson.com/2008/10/parsing-mr-paulsons-bailout-speechthe-unprecedented-giveaway-of-financial-wealth-story/) - Global Research Mr. Paulson’s bailout speech on Monday, October 13 poses some fundamental economic questions: What is the impact on the economy at large of this autumn’s unprecedented creation and giveaway of financial wealth to the wealthiest layer of the population? How long can the Treasury’s bailout of Wall Street (but not the rest of
- [Afshin Rattansi talks to Michael Hudson:Paulson & Bernanke](https://michael-hudson.com/2008/10/afshin-rattansi-talks-to-michael-hudsonpaulson-bernanke/)
- [Financial Bailout: America's Own KleptocracyThe largest transformation of America's Financial System since the Great Depression](https://michael-hudson.com/2008/09/financial-bailout-americas-own-kleptocracythe-largest-transformation-of-americas-financial-system-since-the-great-depression/) - Global Research Nobody expected industrial capitalism to end up like this. Nobody even saw it evolving in this direction. Marxists saw industrialists growing into giant trusts and depriving workers of the wages needed to buy their output, and the post-1980 era of corporate raiding has indeed seen downsizing and outsourcing of the labor force. But
- [US Banking Intervention](https://michael-hudson.com/2008/09/us-banking-intervention/) - Michael Hudson on the highly respected Democracy Now, telling the inside story on the bankers bailouts.
- [The Chicago School's long descent](https://michael-hudson.com/2008/09/the-chicago-schools-long-descent/) - Asia Times As a graduate of the University of Chicago (1959) and also of its Laboratory School (1955-56), I think my experience there confirms the picture portrayed by Henry Liu in his wonderful essay last week on Milton Friedman and the "Money Matters Controversy". (See Friedman's misplaced monument, Sep 5.) My introduction to the University
- [The Worsening U.S. Debt Crisis](https://michael-hudson.com/2008/09/the-worsening-u-s-debt-crisis/) - An interview with Economist Michael Hudson, by Mike Whitney Global Research. Mike Whitney: On Friday afternoon the government announced plans to place the two mortgage giants, Fannie Mae and Freddie Mac, under “conservatorship.” Shareholders will be virtually wiped out (their stock already had plunged by over 90 per cent) but the US Treasury will step
- [A Black Agenda Report: The Fictitious Economy, Part 2](https://michael-hudson.com/2008/07/a-black-agenda-report-the-fictitious-economy-part-2/) - Transcript of a A Guns And Butter Interview by Bonnie Faulkner originally broadcast on KPFA radio. In the second half of an hour long interview with economist Dr. Michael Hudson broadcast on Guns And Butter June 25, 2008, Dr. Hudson explains some of the factors in the price of oil that are seldom discussed in
- [America's Free Lunch is Over: How Should the Middle East invest its Rising Trade Surplus?](https://michael-hudson.com/2008/06/americas-free-lunch-is-over-how-should-the-middle-east-invest-its-rising-trade-surplus/) - Published in the June 2008 issue of The Gulf, a weekly business news magazine published in Bahrain, and in Counterpunch Every week Mid Eastern countries acquire more dollars in payment for their oil and other exports, and also for rising U.S. investment in their stock markets and other property. This confronts them with a problem:
- [Henry George's Political Critics](https://michael-hudson.com/2008/01/henry-georges-political-critics/) - Henry George's Political Critics, in American Journal of Economics and Sociology 67 (January 2008), pp. 1-46.
- [Scamming Social Security](https://michael-hudson.com/2007/09/scamming-social-security/) - Susan Weissman interviews Michael Hudson Susan Weissman, an editor of Against the Current, interviewed author Michael Hudson this past April on her program “Beneath the Surface” on radio station KPFK, Pacifica in Los Angeles. Many thanks to Walter Tanner for transcribing. The following is an abridged and edited text of the interview. SUSAN WEISSMAN: MICHAEL
- [Why the “Miracle of Compound Interest” leads to Financial Crises](https://michael-hudson.com/2007/08/why-the-miracle-of-compound-interest-leads-to-financial-crises/) - Oslo conference, “Financial Crises in Capitalism”, Aug. 27, 2007 I first met Erik Reinert in 1994 at an economic history conference in Germany, and have been a member of his Reality Economics group since its founding. Erik Reinert’s Reality Economics group has revived the awareness of economists whose names have disappeared from most histories of
- [Whats Missing from the Capital Gains Debate?](https://michael-hudson.com/2007/03/whats-missing-from-the-capital-gains-debate/) - Whats Missing from the Capital Gains Debate? Real Estate and Capital Gains Taxation (pdf), with Kris Feder (Levy Institute Working Paper 17, 1997)
- [Real Estate and the Capital Gains Debate](https://michael-hudson.com/2007/03/real-estate-and-the-capital-gains-debate/) - Real Estate Capital Gains Debate (pdf)(Levy Institute Public Policy Brief 32, 1997)
- [The $4.7 Trillion Pyramid: Why Social Security won't be enough to save Wall Street](https://michael-hudson.com/2005/04/the-4-7-trillion-pyramid-why-social-security-wont-be-enough-to-save-wall-street/) - Harpers Magazine, April 2005 They wanted something for nothing. I gave them nothing for something. -- J.R. "Yellow Kid" Weil Social Security, formerly the "third rail" of American politics, has now been trod upon, in rather dramatic fashion, by George W. Bush. Given that the maneuver is both stupid and unnecessary, one must ask why.
- [Poland, the Euro, and the Dollar's Double Standard](https://michael-hudson.com/2004/09/poland-the-euro-and-the-dollars-double-standard/) - Published in Fakt (Warsaw) Poland's vote to join the European Community has put an end to the centuries of military rivalries that have long devastated the nation and its neighbors. Entry into the EC makes future internecine wars unthinkable. That was the easy decision to make. Poland now must confront the financial issue dividing Europe:
- [Saving, Asset-Price Inflation, and Debt-Induced Deflation](https://michael-hudson.com/2004/06/saving-asset-price-inflation-and-debt-induced-deflation/) - Post-Keynesian Conference Kansas City Summary The exponential growth of savings and debt takes the form mainly of loans to finance the purchase of real estate, stocks and bonds. These loans extract interest and amortization charges that divert revenue away from being spent on goods and services. The payment of debt service by the economy’s non-financial
- [Review in the German Journal Intervention](https://michael-hudson.com/2004/01/review-in-the-german-journal-intervention/) - Rezensionen Michael Hudson (2003), Super Imperialism. The origin and Fundamentals of U. S. World Dominance, London (416 Seiten, broschiert, Pluto Press) »Der Dollar ist unser Geld, aber Euer Problem«, so wird die Einstellung der US-Regierung zur globalen Rolle der eigenen Währung gerne zitiert. Und tatsächlich scheint es so, als hätten vor allem die anderen Länder
- [The Mathematical Economics of Compound Rates of Interest: A Four-Thousand Year Overview Part I](https://michael-hudson.com/2004/01/the-mathematical-economics-of-compound-rates-of-interest-a-four-thousand-year-overview-part-i/) - “Whoever enters here must know mathematics.” That was the motto of Plato’s Academy. Emphasizing such abstract ratios as the Pythagorean proportions of musical temperament and the calendrical regularities of the sun, moon and planets, its philosophy used the mathematics of nature to reveal an underlying harmony and order in the universe and hence, in an
- [Will Europe suffer the Swiss Syndrome? What impact on the European and U.S. economies may diversification of central bank reserves into euros have?](https://michael-hudson.com/2003/11/will-europe-suffer-the-swiss-syndrome-what-impact-on-the-european-and-u-s-economies-may-diversification-of-central-bank-reserves-into-euros-have/) - International Economy Diversification of central bank reserves into larger holdings of euros is much in the news these days. Quite apart from the widening U.S. trade and payments deficit, the Iraq war has created a backlash that has led some Arab and Islamic politicians to urge OPEC countries to price and sell their oil in
- [Duck, Duck, Goose: Financing the War, Financing the World](https://michael-hudson.com/2003/04/duck-duck-goose-financing-the-war-financing-the-world/) - By STANDARD SHAEFER (Interview with Michael Hudson, author of Super Imperialism, Pluto Press, 2003) Now that even the LA Times has begun to show a modicum of willingness to discuss US foreign policy in terms of a potential imperialism, it has become clear that those on the right have avoided this debate so far only
- [Review of Super Imperialism](https://michael-hudson.com/2003/03/review-of-super-imperialism/) - in FTD - Financial Times Deutschland (German edition of FT) Super Imperialism: The Origin and Fundamentals of US World Dominance Michael Hudson. Pluto Press 2003, 425 Seiten, 32 €, ISBN 074531989 Unser Dollar, euer Problem Wie ein Volkswirt die finanzielle Grundlage der amerikanischen Vorherrschaft erklärt Von Sebastian Dullien Wieder einmal starren Wirtschaftsprognostiker Gebannt auf den
- [The Creditary/Monetarist Debate in Historical Perspective](https://michael-hudson.com/2003/03/the-creditarymonetarist-debate-in-historical-perspective/)
- [Railway Financing and the Shape of China’s Future: Some Lessons from American Economic History](https://michael-hudson.com/2003/03/railway-financing-and-the-shape-of-chinas-future-some-lessons-from-american-economic-history/) - Report for the Robert Schalkenbach Foundation “Is it British wealth we want when we desire to develop our resources or build railroads? No, we do not need the wealth, for at this moment we are the richest nation on the face of the globe. We need the money.” – John Brown, Parasitic Wealth, or Money
- [The Methodology of Real Estate Appraisal: Land-Residual or Building-Residual,  and their Social Implications](https://michael-hudson.com/2001/10/the-methodology-of-real-estate-appraisal-land-residual-or-building-residual-and-their-social-implications/) - NYU Real Estate Institute's Round Table Discussion of Land- and Building-Price Indices A meeting was held at New York University’s Real Estate Institute on October 25 to discuss the virtues and pitfalls of constructing a land-price index to distinguish between land and building values. The Institute’s Associate Dean Ken Patton had invited Michael Hudson and
- [The Land-Residual vs. Building-Residual: Methods of  Real Estate Valuation](https://michael-hudson.com/2001/10/the-land-residual-vs-building-residual-methods-of-real-estate-valuation/) - Some Prefatory Remarks to the N.Y.U. Real Estate Institute discussion, Oct. 25, 2001 Economic theory focuses on labor and capital, yet the largest category of tangible assets is not industrial plant and machinery earning profits, but real estate, and its primary objective is to make capital gains. Most new entries into the Forbes or Fortune
- [The Mathematical Economics  of Compound Rates of Interest: A Four-Thousand Year Overview Part II](https://michael-hudson.com/2001/04/the-mathematical-economics-of-compound-rates-of-interest-a-four-thousand-year-overview-part-ii/) - 2. Why Economies Develop Debt Crises: The Mathematics of Compound Interest The past century’s economic schoolbooks have described a universe running down from entropy. Production is assumed to be plagued by diminishing returns, so that each additional unit of input produces less and less output. Even if technology were recognized to raise the productivity of
- [Where Did All the Land Go? ](https://michael-hudson.com/2001/03/where-did-all-the-land-go-the-feds-new-balance-sheet-calculationsa-critique-of-land-value-statistics/) - - The Fed’s New Balance Sheet Calculations A Critique of Land Value Statistics The most comprehensive official statistics on nationwide real estate values are those published by the Federal Reserve Board (FRB) in its annual “Balance Sheets of the American Economy.” As part of its Z.1 statistical release the FRB compiles annual balance sheets of
- [How to Lie with Real Estate Statistics](https://michael-hudson.com/2001/03/how-to-lie-with-real-estate-statistics/) - The Illusion that Makes Land Values Look Negative - How Land-Value Gains are Mis-attributed to Capital Dr Hudson is President of the Institute for the Study of Long-term Economic Trends, New York. He has specialised in national income accounting, the balance of payments and flow of funds analysis for leading Wall Street finance houses. A
- [Capital, capital everywhere – How to invest it wisely?](https://michael-hudson.com/2000/08/capital-capital-everywhere-how-to-invest-it-wisely/) - With oil revenues soaring, the time has come for Norway to consider how best to apply them to strengthen its economic infrastructure and policy framework to promote the nation’s longer-term development. As matters now stand, the oil wealth is causing problems by making the krone a petrocurrency pricing Norwegian labor and industry out of world
- [Oil in Norway’s Balance of Payments and the prospective impact of privatization on the krone](https://michael-hudson.com/2000/08/oil-in-norways-balance-of-payments-and-the-prospective-impact-of-privatization-on-the-krone/) - Speech to the Norwegian Shipowners' Association, August 17, 2000 by Dr. Michael Hudson, ISLET © The debate over whether to privatize Norway’s oil, telephone system and other national assets has focused on considerations of whether private management would be more efficient than government management. The discussion to date has turned more on political ideology than
- [Music as an Analogy for Economic Order  in Classical Antiquity](https://michael-hudson.com/2000/03/music-as-an-analogy-for-economic-order-in-classical-antiquity/)
- [How Interest Rates Were Set,  2500 BC - 1000 AD](https://michael-hudson.com/2000/03/how-interest-rates-were-set-2500-bc-1000-ad/) - Originally published in Journal of the Economic and Social History of the Orient 43 (Spring 2000):132-161 Máš, tokos and fænus as metaphors for interest accruals* * An earlier draft of this paper has benefited from comments by William Hallo, the late W. F. Leemans, Johannes Renger, Piotr Steinkeller, Cornelia Wunsch and Norman Yoffee. For the
- [Speech to the Communist Party of Cuba](https://michael-hudson.com/2000/01/speech-to-the-communist-party-of-cuba/) - Personal Introduction Here is a copy of my Havana speech last week. I suspect that some of my statements may raise ideological hackles among you. But the fact is that it was enormously successful, and established credibility to be invited back to advise the Cuban government. I believe that the important thing is the analysis,
- [How Large is Russia's Land Rent, and How Will it be Used?](https://michael-hudson.com/1999/11/how-large-is-russias-land-rent-and-how-will-it-be-used/) - In June, I travelled to Russia with Nicolaus Tideman to meet with some of our Georgist counterparts and help create a program for local communities to collect land rent. We also wanted to spell out the alternative. What would happen if the land were privatized in such a way as to let its rent and
- [The Use and Abuse of Mathematical Economics](https://michael-hudson.com/1999/09/the-use-and-abuse-of-mathematical-economics-2/) - * I thank Hans Maks and Peter Senn for their helpful suggestions that I have incorporated into this paper. – “There are more things in heaven and earth, Horatio, than are dreamt of in your philosophy.” (Hamlet, Act I, scene v) Content Mathematical economics as tunnel vision The semantics of mathematical equilibrium theory The subjectivity
- [How Russia May Create  a More Viable Financial and Fiscal System](https://michael-hudson.com/1999/04/how-russia-may-create-a-more-viable-financial-and-fiscal-system/) - English translation of a pamphlet published in Russia by The Land Policy Association, St. Petersburg, Russia, April 1999 Instead of becoming wealthier and more like America since 1990, Russia is being turned into a third world country. In less than a decade the nation has been stripped of its capital and forced into debt to

## Pages

- [Books](https://michael-hudson.com/books/) - Economics The Destiny of Civilization - Finance Capitalism, Industrial Capitalism or Socialism, ISLET, 2022. J is For Junk Economics: A Guide to Reality in an Age of Deception, ISLET, 2017. Killing the Host- How Financial Parasites and Debt Destroy the Global Economy, ISLET, 2015. The Bubble and Beyond, ISLET, 2012. Finance Capitalism and its Discontents,
- [Super Imperialism: The Economic Strategy of American Empire](https://michael-hudson.com/books/super-imperialism-the-economic-strategy-of-american-empire/) - Super Imperialism. The Economic Strategy of Americ .... Hudson, Michael Buy Now (Wrapping 1972) “THE MOST IMPORTANT WORK ON IMPERIALISM SINCE LENIN” -TERENCE McCARTHY Michael Hudson Holt, Rinehart, Winston Backside: Super Imperialism "Never before has a bankrupt nation dared insist that its bankruptcy become the foundation of world economic policy; that, because of its bankruptcy,
- [Canada in the New Monetary Order](https://michael-hudson.com/books/canada-in-the-new-monetary-order/) - Canada in the New Monetary Order (Free PDF - donate if you can). 1978, Butterworth
- [About](https://michael-hudson.com/about/) - Michael Hudson, author of Killing the Host and Distinguished Research Professor of Economics at the University of Missouri (Kansas).
- [Super Imperialism](https://michael-hudson.com/books/super-imperialism/) - The Origin and Fundamentals of U.S. World Dominance - revised edition Pluto Press 2003 425 pages ISBN 074531989 Amazon List prices Paperback - $ 35.00 Hard cover - $ 85.00 Content: Press release Interview in Counterpunch A discussion with Michael Hudson during June 2003, on the a-list Review in FTD (Local copy) (Financial Times Deutschland
- [Global Fracture: The New International Economic Order](https://michael-hudson.com/books/global-fracture-the-new-international-economic-order/) - New York: Harper and Row. Amazon University of Michigan press Second edition - 2003 Introduction Global Fracture (1977), the sequel to Super Imperialism (1972), describes how debtor countries and raw-materials exporters sought to create a New International Economic Order (NIEO) in the 1970s. A program more of nationalist regimes than of the political left, the
- [The Bubble and Beyond ](https://michael-hudson.com/books/the-bubble-and-beyond/) - Michael Hudson's new book The Bubble & Beyond is vital for those vying to make sense of the economic quicksand global policy makers find themselves in. Buy it now in print or in digital on Kindle. He ties a thread between the big issues of our times - underwater housing, money market manipulations and lifetime
- [Privatization in the Ancient Near East and Classical Antiquity](https://michael-hudson.com/books/privatization-in-the-ancient-near-east-and-classical-antiquity/) - by Michael Hudson 1996 Institute for the Study of Long-term Economic Trends (ISLET) in New York and London organize international colloquia in the origins of civilization’s early money and financial practices, economic account-keeping, real estate property and property ownership extending back to ancient Mesopotamia. In conjunction with the Peabody Museum three colloquia have been published.
- [Urbanization and Land Ownership in the Ancient Near East](https://michael-hudson.com/books/urbanization-and-land-ownership-in-the-ancient-near-east/) - by Michael Hudson 1999 Institute for the Study of Long-term Economic Trends (ISLET) in New York and London organize international colloquia in the origins of civilization’s early money and financial practices, economic account-keeping, real estate property and property ownership extending back to ancient Mesopotamia. In conjunction with the Peabody Museum three colloquia have been published.
- [Debt and Economic Renewal in the Ancient Near East](https://michael-hudson.com/books/debt-and-economic-renewal-in-the-ancient-near-east/) - by Michael Hudson 2002 Institute for the Study of Long-term Economic Trends (ISLET) in New York and London organize international colloquia in the origins of civilization’s early money and financial practices, economic account-keeping, real estate, property and property ownership extending back to ancient Mesopotamia. In conjunction with the Peabody Museum, three colloquia have been published.
- [Creating Economic Order](https://michael-hudson.com/books/creating-economic-order/) - Creating Economic Order: Record-keeping, Money and the Development of Accounting in the Ancient Near East by Michael Hudson in preparation Institute for the Study of Long-term Economic Trends (ISLET) in New York and London organize international colloquia in the origins of civilization’s early money and financial practices, economic account-keeping, real estate property and property ownership
- [A Payments‑Flow Analysis ](https://michael-hudson.com/books/a-payments‑flow-analysis-of-u-s-international-transactions-1960‑1968/) - A Payments‑Flow Analysis of U.S. International Transactions: 1960‑1968 NYU, Graduate School of Business Administration, The Bulletin, Nos. 61‑63 (March 1970). Introduction (pdf) Chapter 1 (pdf) Chapter 2 (pdf) Chapter 3 (pdf) Chapter 4 (pdf) Chapter 5 (pdf)
- [The Myth of Aid: The Hidden Agenda of the Development Reports](https://michael-hudson.com/books/the-myth-of-aid-the-hidden-agenda-of-the-development-reports/) - by Michael Hudson and Denis Goulet 1971 New York
- [Trade, Development and Foreign Debt](https://michael-hudson.com/books/trade-development-and-foreign-debt-a-history-of-theories-of-polarisation-and-convergence-in-the-international-economy/) - A History of Theories of Polarisation and Convergence in the International Economy Pluto Press, 1993 Amazon International Trade 1 Pages: xiv, 119 p. ISBN: 0-7453-0489-3, 0-7453-0484-2 International Finance 2 Pages: pp. 287-481, 19 p. ISBN: 0-7453-0666-7, 0-7453-0577-6 A textbook on the historical development of international trade and investment theory, based on the courses taught by
- [Biography](https://michael-hudson.com/bibliography-for-dr-michael-hudson/) - Education Ph.D., New York University, 1968 (economics). Dissertation on American economic and technological thought in the nineteenth century. M.A., New York University, 1963 (economics). Thesis on the World Bank’s philosophy of development, with special reference to lending policies in the agricultural sector. B.A., University of Chicago, 1959 (philology, minor in history). High school and grade
- [Bibliography](https://michael-hudson.com/bibliography/) - Dr. Michael Hudson michael.hudson@earthlink.net Education Ph.D., New York University, 1968 (economics). Dissertation on American economic and technological thought in the nineteenth century. M.A., New York University, 1963 (economics). Thesis on the World Bank’s philosophy of development, with special reference to lending policies in the agricultural sector. B.A., University of Chicago, 1959 (philology, minor in history).

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