The Trillion Dollar Coin: Joke or Game-Changer?

By Ellen Brown, Web of Debt Jan 19, 2013 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. Dig deeper ( 8 Min. Read )

‘It Doesn’t Have to Be This Way’

Alexander Reed Kelly / Truthdig Jan 12, 2013 “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". Dig deeper ( 1 Min. Read )

How the Rentier Class Cannibalizes the Economy

By Michael Hudson, ISLET Jan 12, 2013 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. Dig deeper ( 5 Min. Read )

The 113th Congress Can’t Be Worse Than the 112th Congress

Staff / Truthdig Jan 4, 2013 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. Dig deeper

Negotiating With ‘Madmen’

Staff / Truthdig Jan 4, 2013 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 rebornThis week on Truthdig Radio: 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. Dig deeper ( 1 Min. Read )

How Banks Capture the Economy

Alexander Reed Kelly / Truthdig Jan 3, 2013 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. Dig deeper ( 2 Min. Read )

The Fiscal Cliff: An Opportunity for a ‘Deceptive Economic Theory’

Alexander Reed Kelly / Truthdig Jan 2, 2013 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. Dig deeper ( 3 Min. Read )