Michael Hudson on the Capitalist Way Cheat, Lie & Steal

Originally Published on Mar 28, 2017

We’re living in a time of economic babble, where politicians and economists throw out words like “reform,” “privatize,” and “austerity” to prop up corrupt capitalist opportunists. So says our guest this week, economist Michael Hudson, author of J is for Junk Economics.

Plus, a report from Diverse Filmmaker’s Alliance on the Yemeni bodega workers who went on strike in New York to protest the Muslim Ban. And Laura’s F-Word on why Donald Trump’s new budget isn’t about cuts -- it’s about conversions. The budget wants to convert public dollars into private funding for military research and spending, for the only government apparatus that never gets audited.

Michael Hudson BIO: Hudson is one of very few economists (there were only 12 actually) - globally - who perfectly predicted the 2008 financial crisis. Hudson actually understand flows in the monetary system furthered early in his career by working on Wallstreet as a balance of payments analyst at Chase Manhattan bank.

He attended the University of Chicago's Laboratory School for high school and grade school. He was a Philology major with a minor in history at the University of Chicago, where he received his B.A. in 1959. Hudson received his M.A. also from New York University in 1963 in economics, with a thesis on the World Bank's philosophy of development, with special reference to lending policies in the agricultural sector. Hudson received his Ph.D. in economics from New York University in 1968. His dissertation was on American economic and technological thought in the nineteenth century.

Michael is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of 'J Is For Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.

ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.
Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law.

[DaveStricklers]

These Articles should help those who do not understand what a government is with monetary sovereignty and who do not understand Public/Federal Debt which does not operate as a household budget.


Bill Mitchell: If you think you know what ‘debt’ is, read on

Bill Mitchell: There is no federal public debt problem in the US

Bill Mitchell: DEBT IS NOT DEBT

Bill Mitchell: Been searching for a public debt overhang - didn’t get far

Bill Mitchell: The US government can buy as much of its own debt as it chooses

Bill Mitchell: Direct central bank purchases of government debt

George Monbiot: 1) Neoliberalism - the ideology at the root of all our problems

George Monbiot: 2) Neoliberalism: the deep story that lies beneath Donald Trump’s triumph











Steve Keen: Can We Avoid Another Financial Crisis? (The Future of Capitalism) 1st Edition

[mattgilbert]

Good uploads but the title is slightly over the top, don't you think?