Grumbine 2020`Macro N Cheese – Episode 88 Michael Hudson (00:02):The money that you pay for debt service to a bank isn’t spent back into the economy. The bank bond holders are basically the 1% of the economy. They’re rich enough that they’re not going to take all this extra money they get to buy more goods and services. They’ll buy shitty trophy art, Andy Warhol junk. Who is the dumbest economic Nobel Prize winner? [Paul Krugman?] Paul Krugman. That’s right. He was given a...
Read More »Banking as a Public Utility – with Ellen Brown
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Read More »Holding the Bailout Bag
A podcast with journalist Paul Jay. The Federal Reserve is directly buying stocks, bonds, junk bonds, mortgages, junk mortgages, all to prop up the value of assets owned by the top 5%. This does not spur much new production or create jobs. Michael Hudson joins Paul Jay on theAnalysis.news podcast Transcript Paul Jay Hi, my name’s Paul Jay, and welcome to theAnalysis.news podcast. Michael Hudson is a distinguished research professor of economics at the University of...
Read More »Defining A Tyrant
[unable to retrieve full-text content]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
Read More »Jamie Galbraith on DiEM-TV’s ‘Another Now’ discussing the “criminal incapacity of the elites”
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Read More »Undermining public finance to drive privatization
About Wordfence Wordfence is a security plugin installed on over 3 million WordPress sites. The owner of this site is using Wordfence to manage access to their site. You can also read the documentation to learn about Wordfence's blocking tools, or visit wordfence.com to learn more about Wordfence.
Read More »European Oligarchy Has Banned Transfer of Wealth to Poor: Interviewed by Vijay Prashad
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Read More »Covid-19 has “turbocharged” the EU’s failures – Interviewed by the NEW STATESMAN’s George Eaton
For Yanis Varoufakis, lockdown has not been a time of contemplation. “I have more work now than I ever did. As you know, everything has shifted to Zoom meetings, which means zero separation between the private and the public,” he explained when we spoke recently, during one such video call. The 59-year-old economist, former Greek finance minister, game theorist and “erratic Marxist” has divided his time since...
Read More »The new austerity tsunami about to hit Greece, Italy et al – EURONEWS (VIDEO)
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Read More »The Hard Fist of American Imperialism
[embedded content] Moderate Rebels Part 2 Super Imperialism, April 2020 TRANSCRIPT – HOW THE US MAKES COUNTRIES PAY FOR ITS WARS: ECONOMICS OF AMERICAN IMPERIALISM WITH MICHAEL HUDSON| MODERATE REBELS, 24 APRIL 2020Economist Michael Hudson explains how American imperialism has created a global free lunch, where the US makes foreign countries pay for its wars, and even their own military occupation. Max Blumenthal and Ben Norton discuss the economics of Washington’s empire,...
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