This interview has gone viral with over a dozen sites posting it, including Naked Capitalism, Truth Out and Max Keiser. Prof Michael Hudson was interviewed on the Renegade Economists radio/ podcast entitled Crony Competition on the road to Unearned Income:…
by Professor Michael Hudson How can China avoid the “Western financial disease” – a real estate bubble followed by defaults and foreclosures? The U.S. and European economies originally sought to avoid this fate by taxing the location’s site value. A…
by Dirk Bezemer and Michael Hudson As published in the World Economic Association’s World Economic Review Vol #1. Borrowed from Michael Hudson’s website, where you can find details of his new book The Bubble and Beyond. ABSTRACT Current macroeconomics ignores…
by Michael Hudson 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 Courtesy of michael-hudson.com What can Europe…
photo credit: M J M Michael Hudson 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 Kindly borrowed from Michael-Hudson.com Financial crashes were well…
photo credit: George Laoutaris Will Greece Let EU Central Bankers Run Riot Over Sovereignty? Michael Hudson When Greece exchanged its drachma for the euro in 2000, most voters were all for joining the Eurozone. Their hope was that it would…
The reform challenge for our beloved country is to discard the taxes that weigh on effort and creativity, and to put them instead on economic rents, like land and mining.
photo credit: The Library of Congress Only when the tide goes out do you discover who’s been swimming naked. Warren Buffett In the US housing bubble, banks and financiers gave a mortgage to anyone with a discernable pulse. NINJAs (No…
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…
Michael Hudson As first published in The Invention of Enterprise: Entrepreneurship from Ancient Mesopotamia to Modern Times, David S. Landes, Joel Mokyr, and William J. Baumol, eds., (Princeton: Princeton University Press, 2010):8-39. Also on Michael’s website. A century ago economists…