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By Saïd Sayrafiezadeh
$14.96
Tom Hayden
$11.86
$20
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Photo illustration from an image by Colin Grey (CC-BY)
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This week on Truthdig Radio in association with KPFK: Economist Michael Hudson attacks Obama’s proposed cuts. Also on the program: the fight to keep Monsanto from polluting Hawaii’s natural wonders, a college degree ain’t what it used to be, and a new movie documents the legal showdown over medical marijuana.
Posted on Apr 14, 2013
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This week on Truthdig Radio in association with KPFK: Economist Michael Hudson attacks Obama’s proposed cuts. Also on the program: the fight to keep Monsanto from polluting Hawaii’s natural wonders, a college degree ain’t what it used to be, and a new movie documents the legal showdown over medical marijuana.
Posted on Apr 14, 2013
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The new cost-of-living index proposed in Obama’s latest budget is really a means to push lower living standards on people who need Social Security, University of Missouri economist Michael Hudson says.
Posted on Apr 12, 2013
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R_SH (CC BY 2.0)
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The deceased prime minister’s 11-year rule over the U.K. “was historic mainly by posing the conundrum that has shaped neoliberal politics since 1980: How can governments nurture and endow financial kleptocrats” with the consent of the people?
Posted on Apr 9, 2013
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striatic (CC BY 2.0)
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Paul Craig Roberts was an assistant secretary of the Treasury under Ronald Reagan. Like many Americans, he has been wounded by the government he helped create, and he’s tired of being called offensive and depressing for talking about it.
Posted on Apr 6, 2013
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Once upon a time American banks supported the economy by financing the growth and development of industry. For the last many decades they’ve had the opposite effect by plowing money into existing assets and loading the economy down with debt. The consequences have been disastrous, economist Michael Hudson told The Real News Network this week.
Posted on Mar 30, 2013
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kevin dooley (CC BY 2.0)
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Leaving the gold standard in 1971 meant the U.S. was free to manage its money supply to prevent deflation and “truly damaging levels of inflation.” But mainstream economists, led by the free-market Chicago School, have ignored this fact, leaving the public’s fate to the caprices of markets for decades.
Posted on Mar 20, 2013
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ISLET
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“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
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DonkeyHotey (CC BY 2.0)
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By Ellen Brown, Web of Debt —
The trillion dollar coin represents one of the most important principles of popular prosperity ever conceived: the creation of money by sovereign governments, debt-free.
Posted on Jan 18, 2013
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“How do you expect this to play out over the next few years?” host Thom Hartmann asked economist Michael Hudson on “The Big Picture” this week. “That’s what everybody’s wondering,” Hudson replied. “The economy is going to shrink and shrink and shrink, and the question is whether people are going to go out in the streets ... or whether there’s going to be an actual response saying it doesn’t have to be this way.”
Posted on Jan 12, 2013
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walknboston (CC BY 2.0)
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By Michael Hudson, ISLET —
Rather than mobilizing savings to fund new industries, the banking system that comprises the financial, insurance and real estate sectors merely loads the economy down with debt.
Posted on Jan 11, 2013
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Photo illustration from an image by Colin Grey (CC-BY)
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This week on Truthdig Radio in association with KPFK: The fiscal cliff is delayed, the 113th Congress is sworn in, the NDAA is signed, the Violence Against Women Act is killed and the LA Times is reborn.
Posted on Jan 4, 2013
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This week on Truthdig Radio in association with KPFK: The fiscal cliff is delayed, the 113th Congress is sworn in, the NDAA is signed, the Violence Against Women Act is killed and the L.A. Times is reborn.
Posted on Jan 4, 2013
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Infrogmation (CC BY 2.0)
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The second installment of Michael Hudson’s status report on the U.S. economy identifies debt as the financial sector’s key weapon in the push to extract wealth from governments, companies and families.
Posted on Jan 2, 2013
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j3net (CC BY-SA 2.0)
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Economists predicted the fighting would last six months when World War I broke out in 1914. Wars were too expensive to be sustained, and the approaching fiscal cliffs would soon enough force the nations involved to negotiate a peace treaty. But they didn’t, because those governments simply printed more money, Michael Hudson writes in the first of a series at CounterPunch.
Posted on Jan 1, 2013
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Real American Boy: How Our Byzantine Immigration System and Failed Economy May Have Made a Terrorist
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