Showing posts with label Michael Hudson. Show all posts
Showing posts with label Michael Hudson. Show all posts

Michael Hudson | US Economy - Surprisingly Resilient or Potemkin Village? | June 8, 2023

Source: sputnikglobe.com



In this week’s episode of the 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.

Economist Michael Hudson on inflation and Fed plan to cut wages: A depression is coming | June 28, 2022

Source: Multipolarista youtube, michael-hudson.com



Economist Michael Hudson explains the inflation crisis and the US Federal Reserve's "austerity program to reduce wages." So-called experts are openly calling to boost unemployment. A depression is coming, in which the poor will suffer so the rich can get richer.

Read Prof. Hudson's article "The Fed’s Austerity Program to Reduce Wages"

Michael Hudson | Money and Dept | It´s Our Money with Ellen Brown

Source: ellenbrown.com, michael-hudson.com



Celebrated economist Michael Hudson thinks that the world of academic economics is both deceptive and essentially wrong in its formulations of the role of money and debt. Hudson says today’s oligarchic monetary systems invariably reinforce the flow of profits from labor to the top of the economic ladder. The result is unsustainable debt, which he says is an historical pattern that goes back a couple thousand years. Something has to give. Ellen and Michael spend the hour discussing what that might look like.

Michael Hudson | Sanctions: The Blowback | Mar. 21, 2022

Source: rt.com



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 re-shaping Eurasia.

Ross Ashcroft is joined by economist Michael Hudson to discuss trade, sanctions, dollar hegemony, and the emergence of a multipolar world.

Dr. Michael Hudson | De-Dollarizing the American Financial Empire | June 26, 2019

Source: gunsandbutter.org, michael-hudson.com



Economist Michael Hudson continues his discussion of Super Imperialism: The Economic Strategy of American Empire with a focus on US monetary imperialism; President Trump’s demand for lower interest rates undercuts America’s requirement for foreign investment to fund its domestic and balance of payments deficit, increases the carry trade and turns IMF and World Bank policies on the US; analysis of US economic domination of the world from its position as the world’s largest creditor post-WWI;

analysis of US economic domination of the world from its position as the world’s largest debtor after the 1971 close of America’s gold window; emergence of the dollar-debt standard; how war has bankrupted the US; the difference between imperialism and super imperialism; US bribes foreign governments; China’s banking system; China and Russia stockpile gold as the world breaks out of dollar domination. -gunsandbutter.org

Michael Hudson | The IMF and World Bank: Partners In Backwardness | Guns & Butter

Source: gunsandbutter.org, michael-hudson.com



Michael Hudson discusses his seminal work of 1972, Super Imperialism: The Economic Strategy of American Empire, a critique of how the US exploits foreign economies through IMF and World bank debt; difference between the IMF and World Bank; World Bank dysfunctional from the outset; loans made in foreign currency only; policy to provide loans for countries to devote their land to export plantation crops;

US food and monetary imperialism; U.S. agricultural protectionism built into the postwar global system; promotion of dependency on the US as food supplier; food blackmail; perpetration of world poverty preferred; no encouragement of land reform; privatization of the public domain; America aided, not foreign economies; exploitation of mineral deposits; bribery; foreign nations politically controlled at the top; veto power for US only.

Michael Hudson | The Vocabulary of Economic Deception | Dec. 12, 2018

Source: GunsandButter.org, Michael-Hudson.com



We discuss Michael Hudson's book, J is for Junk Economics: A Guide to Reality in an Age of Deception, with an emphasis on the degradation of economic vocabulary that hides the real state of the economy; language affects peoples' perception of reality; history of economic thought no longer taught; classical political economy focused on society's unearned income or rent; the rentier landlord financial class; fictitious capital; the real reforms of the progressive era; classical political economists expected capitalism to evolve into socialism; classical economic concepts of value, price and rent;

productive versus extractive economic sectors; public financing of infrastructure a windfall for the private sector; effects of the tax deductibility of interest; monetary policy and the Federal Reserve; economics is political - politics has always been about who is going to get what; National Income Accounting; fiscal policy and Modern Monetary Theory; the three stages of debt leveraging.
-GunsandButter.org

A former Wall Street analyst, government adviser, and fierce critic of neoliberal economic order, Hudson is Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Professor of Economics at Peking University in China. He gives speeches, lectures and presentations all over the world for diverse academic, economic and political audiences. He is the author of many books on the global economy, with a focus on financial history, debt, land tenure and related economic institutions from antiquity to the present.
Return top