Michael Hudson

​​​Interview with financial economist and historian, Dr. Michael Hudson. Dr. Hudson is President of The Institute for the Study of Long-Term Economic Trend, a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of "Super-Imperialism: The Economic Strategy of American Empire". 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 current US dominated global economic system.

Aired: March 14, 2007
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America: Host Or Parasite? - Michael Hudson, #121

What withdrawal from the Euro system would mean for households and businesses in Italy; how to manage savings; what would likely happen in a return to sovereign currency; how the government and National Bank of Italy could manage the change; monetary and fiscal policy; interest rates; bond markets; loss of national power due to the rules of the Stability and Growth Pact and the inability to set employment policy.

Marshall Auerback, Michael Hudson, William K. Black, and Stephanie Kelton

Aired: April 25, 2012

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A Debate On How To Get Out of the Euro - Auerback, Hudson, Black, Kelton, #255

Functional finance; business cycle; real costs of unemployment; sovereign currency versus fixed exchange rates and the gold standard; macroeconomic policy; fiscal policy; vulture banks; Latvia as the standard for Europe under neoliberalism. 

Aired: March 28, 2012

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Modern Money Theory and Private Banks - Stephanie Kelton and Michael Hudson, #252

European banking crisis causing a constitutional crisis of the European Central Bank; Germany; the myth of Social Security in the US.; bank balance sheet recession; food, fuel and climate crisis; the super congress; debt deflation; FHA lawsuit against the banks; criminalization of the financial sector; Modern Monetary Theory; the coming lost decade; debt cancellation. 

Aired: September 14, 2011

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Debt Deflation In Europe And America - Michael Hudson, #238

The jobless recovery; the debt ceiling and default; China; Greece; banks, not countries, receive the bailouts; financial warfare; IMF and EU; European Central Bank; US credit default swaps; US agricultural exports create food dependency; currency devaluation devalues the price of labor; class war of banks against the rest of society. 

Aired: July 13, 2011

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Finance As the New Form of Warfare - Michael Hudson, #233

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 economy; impoverishment of the US.

Aired: March 16, 2011

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The View From Europe - Michael Hudson. #223

Economic crisis in Europe created by predatory lending; European Central Bank stranglehold on the Eurozone; the Euro; foreign banks decimate Greece's social structure; Marx's industrial capital versus fictitious capital; Latvia as a model for the rest of Europe; Hudson's financial and fiscal plan for Latvia; the Cold War and its ruinous effect on progressive economic thought. 

Aired: June 16, 2010

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Europe’s Financial Class War Against Labor - Michael Hudson, #204

We discuss the Federal Reserve; money as debt; Fed Chairman Ben Bernanke's misconception of the causes of the great depression of the 1930's; classical political economy versus anti-classical, so-called "neoclassical", economics; the labor theory of value; the dollar carry trade; government deficit spending; Greece. 

Aired: February 10, 2010

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The New Junk Economics - Michael Hudson, #195

Interview with economist Michael Hudson on Obama's State of the Union Speech and its economic consequences; the reappointment of Federal Reserve Chairman, Ben Bernanke. 

Aired: February 3, 2010

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Obama’s Republican Class War Presidency - Michael Hudson, #194

Why the banks are returning the bailout money; bank fees and penalties; banks prefer default to foreclosure; debt as wealth; Obama's Financial Regulatory Reform Proposal and its six major flaws; the deregulation-by centralization ploy; failure to reform the economy will lead to debt peonage. 

Aired: August 26, 2009
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Dress Rehearsal For Debt Peonage - Michael Hudson, #184

Iceland's banking crisis and foreign debt; it's decision to push back against IMF and World Bank austerity; Gordon Brown's role in the Icesave scandal; the capacity to pay principle; similarities with Germany's foreign debt reparations from the 1920s; European Union disarray; media omissions. 

Aired: August 19, 2009
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Iceland Recovering From Neoliberal Disaster - Michael Hudson, #183

Europe; the worsening financial situation and indebtedness; the history of banking and the criminalization of the banking system; tax policy; real estate asset inflation; US imperialism via the monetary system; neoliberal/neofeudal economics; classical political economy; finance capital breaking away from industrial capital; the financial crisis leading to a political crisis; similarities with the Roman Republic; what measures labor should take. 

Aired: April 15, 2009
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Financial Barbarians at the Gate - Michael Hudson, #171

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 sectors of the economy; two definitions of 'free markets'; the classical economists; revolution from the right and the former Soviet states; the threat of war; IMF/World Bank resurgence; the dollar versus the euro; analogies to Rome, neo-feudalism.

Aired: March 4, 2009
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Way We Were & What We’re Becoming - Michael Hudson, #167

Interview with economist and financial historian, Dr. Michael Hudson, discussing the largest financial theft in American history - the evolving giveaway to Wall Street criminals. We talk about the class war leading to depopulation, de-industrialization, poverty, and sharply increasing default and debt. The bailout offers no help to the economy. The only way to resolve the crisis is to write down the debt, and this is not being done. We discuss the IMF/World Bank, the end of foreign investment, Enron-style accounting, and the false cover story promulgated through media deception. The bailout is a gangland operation to pay the pals of Paulson. 

Aired: October 15, 2008
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The Bailout’s New Financial Oligarchy - Michael Hudson, #160

"The New Kleptocracy" with economist Dr. Michael Hudson on Treasury Secretary Hank Paulson's "Plan" passed by Congress on October 3, 2008. We discuss what is being purchased, the congressional vote, what this means for the oligarchs, and what this means for the rest of us. 

Aired: October 8, 2008
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The New Kleptocracy - Michael Hudson, #159

Interview with economist and historian, Dr. Michael Hudson, on his new book in progress, "The Fictitious Economy: How Finance Is Destroying Industrial Capitalism and Paving a New Road to Serfdom". We examine what is meant by the term "fictitious" as the concept is applied to aspects of today's economy. We take a look at the role of war and the demise of the dollar, the bubble economy, and what could unfold in the future. Visit Dr. Hudson's website at www.michael-hudson.com. 

Aired: June 25, 2008
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The New Road to Serfdom - Michael Hudson, #147

Interview with financial economist and historian, Dr. Michael Hudson. On today's program we discuss former Federal Reserve Chairman Alan Greenspan's legacy. Alan Greenspan has published an autobiography, "The Age of Turbulence". We look at Alan Greenspan's role in 1982 as the head of the Commission on Social Security; his eighteen-year role as Chairman of the Federal Reserve; as architect of dollar devaluation; and his role in the 1999 repeal of New Deal Legislation - The Glass-Steagall Act.

Aired: September 26, 2007
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How Alan Greenspan’s Junk Economic Doctrine Popularized Junk Mortgages  - Michael Hudson, #141

Dr. Hudson discusses his paper, The IMF Changes Its Rules To Isolate China and Russia; implications of the four policy changes at the International Monetary Fund in its role as enforcer of inter-government debts; the Shanghai Cooperation Organization (SCO) as an alternative military alliance to NATO; the Asian Infrastructure Investment Bank (AIIB) threatens to replace the IMF and World Bank; the Trans Pacific Partnership Treaty; the China International Payments System (CIPS); WTO investment treaties; Ukraine and Greece; different philosophies of development between east and west; break up of the post WWII dollarized global financial system; the world dividing into two camps. 

Aired: February 3, 2016

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The New Global Financial Cold War  - Michael Hudson , #339

We discuss in detail, the concept of debt deflation; housing, student loan and automobile debt; the oil market; the stock market; negative interest rates; currencies; and the shrinking of the real economy. 

Aired: April 6, 2016

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The Slow Crash - Michael Hudson, #344

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 of compound interest; how pension funds, state and local governments adversely affected by the bank bailouts; growth of the financial extraction FIRE sector (finance, insurance and real estate); quantitative easing; asset price inflation; wealth concentrated at the top in Roman antiquity led to the Dark Age; Eurozone imposition of austerity Greek style; tariffs, economic sanctions and isolationism.

Aired: September 26, 2018

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Michael Hudson

Datalore de la Terra