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Tag: Debt Deflation


Can Jill Stein Carry Sanders’ Baton? A Look at the Green Candidate’s Radical Funding Solution

Pointing to the massive sums the Fed produced out of the blue to bail out Wall Street in 2008, the Green Party presidential candidate says the same resources that saved the perpetrators of the financial crisis could be made available to its Main Street victims.

Posted on Aug 3, 2016 READ MORE


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Debt Deflation—the Economic Concept That Proves Market Optimists Wrong

Western economies are shrinking as people are compelled to spend more and more of their income on credit card, mortgage and college debt, leaving less and less for goods and services, says financial economist Michael Hudson.

Posted on Jun 30, 2016 WATCH & LISTEN


Greek Finance Minister Says Austerity Is Bad Medicine

Greece’s new left-wing, anti-austerity Syriza Party raises concerns over international creditors’ demands to restructure the country’s labor market and curtail its pension system in exchange for a new package of bailout funds scheduled for release Friday. Greek Finance Minister Yanis Varoufakis speaks with “Democracy Now!”

Posted on Apr 22, 2015 WATCH & LISTEN



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Debt Is the Problem

It’s not the kind created by government spending on social programs, however, economist Michael Hudson says.

Posted on Mar 15, 2013 READ MORE



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Productivity, Compound Interest and Poverty

“Today’s economy is based on theft under the euphemism of ‘free enterprise,’ ” writes Michael Hudson in the first chapter of his new book “Finance Capitalism and its Discontents.” “It’s sometimes called ‘socialism for the rich’ because they receive most government subsidy. But it’s not the kind of socialism that people talked about a hundred years ago. It is a travesty of social democracy and socialism. In a word, it’s oligarchy.”

Posted on Feb 9, 2013 READ MORE


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