Interview on the Real News. Visit their page to watch it. Sharing disabled. The Hudson Report: Europe’s effort to join the US in isolating Russia has backfired, it makes no sense to build an oil and gas pipeline for Russian exports that would be owned and leased to them by the US and Europe. SHARMINI... Read More

The Koch Brothers are the closest thing the United States has to Russia’s oligarchs. They fuse ownership of the economy and state, using the latter to enrich themselves while making private gains through the public’s losses. Their idea of a “market economy” is to buy government officials and the assets they privatize at giveaway prices.... Read More

U.S. New Cold War policy has backfired – and created its worst nightmare 1. The world’s geopolitics, major trade patterns and military alliances have changed radically in the past month. Russia has re-oriented its gas and oil trade, and also its trade in military technology, away from Europe toward Eurasia. The result is the opposite... Read More

The latest instalment of the Hudson-Keiser interview series, this time on Russian sanctions and the affect on the US dollar subsidy. How many times can America hurt it’s economic prospects? Read my book the Super Imperialism to understand how the 1972 trends play out.

The Ukraine sovereignty issue discussed in light of pro-Russian politics vs austerity comforts.

Latvia’s Neoliberal War Against Labor and Industry Published in The Contradictions of Austerity: The socio-economic costs of the neoliberal Baltic model Edited by Jeffrey Sommers & Charles Woolfson This article examines how neoliberal policymakers trained in the United States captured Latvia’s economic policy to impose pro-rentier, pro-bank, anti-labor tax and financial policies. Latvia’s national interests... Read More

How can China avoid the “Western financial disease” – a real estate bubble followed by defaults and foreclosures? The U.S. and European economies originally sought to avoid this fate by taxing the location’s site value. A rent tax was the focus of Progressive Era reforms. Enacting a rent tax remains China’s main challenge to accompany... Read More

* A shorter version of this paper has been published in the Russian Academy of Sciences journal, Mir Peremen (The World of Transformations), 2012 (3):49-64 (in Russian). An earlier version was posted by the Global Policy Forum meeting in Yaroslavl, Russia, September 7-8, 2011, on its website. Russian poverty is unnecessary. Like all poverty in... Read More

This interview with Profs. Hudson, Bill Black and Randy Wray at UMKC describes how the U.S. Financial sector has become criminalized, and describes how the economy will continue to shrink sharply after the November presidential election. Listen via here KCUR writes:

This is an edited and expanded transcript from a live phone interview by Dimitris Yannopoulos for Athens News, September 2012. Dimitris Yannopoulos: As an academic with a strong grounding in economic history as well as banking and a Clean Slate, professor Michael Hudson has built his own school of thought – distanced from both Keynesians... Read More

Here is the recording of the presentation I gave at the Modern Money and Public Purpose seminar recently. My delivery begins at the 43 minute mark. I highly recommend Randy’s presentation beforehand.

Below are the transcripts from the film Surviving Progress I was a part of. The film can be purchased here. Canada FILM group on PROGRESS 2010: The Road to Debt Serfdom Cinémaginaire, ASHOP (USA): Interview with Michael Hudson – Tapes #112-113-114 Theme: In the name of “progress,” the world is regressing to neoserfdom. Mainstream economics... Read More

Renegade Economists interview 05.09.2012 Interview with Professor Michael Hudson by Karl Fitzgerald Listen KF: We welcome to the show Professor Michael Hudson, Distinguished Research Professor at the University of Missouri-Kansas City, the leading Post-Keynesian university in America. It’s been fantastic to see, Michael, that the public profile of UMKC has really taken off with Randall... Read More

Europe’s sovereign debt crisis in historical perspective Sankt Georgen University, Frankfurt, June 22, 2012 Michael Hudson’s new book The Bubble and Beyond can be purchased here. The Eurozone lacks a central bank to do what most central banks are supposed to do: finance government deficits. To make matters worse, the Lisbon Agreement limits these deficits... Read More

A discussion with Max Keiser on my new book The Bubble and Beyond.

Brussels Talk, Madariaga College, Governing Globalisation in a World Economy in Transition, June 27, 2012 What can Europe learn from the United States? First, the United States – like Canada, England and China – have central banks that do what central banks outside of Europe were created to do: finance the budget deficit directly. I... Read More

Paul Krugman is widely appreciated for his New York Times columns criticizing Republican demands for fiscal austerity. He rightly argues that cutting back public spending will worsen the economic depression into which we are sinking. And despite his partisan Democratic Party politicking, he warned from the outset in 2009 that President Obama’s modest counter-cyclical spending... Read More

Another Keiser – Hudson discussion. Michael starts about half way through in analysis of austerity, debt and fraudulent conveyance.

Michael Hudson’s presentation for the session “The Challenge of DeLeveraging and Overhangs of Debt II: The Politics and Economics of Restructuring” at the Institute for New Economic Thinking’s (INET) Paradigm Lost Conference in Berlin. April 13, 2012.

An excerpt from a paper published for the conference Paradigm Lost: Rethinking Economics and Politics. I am speaking to this paper in Berlin this week. The full paper can be downloaded from their website (PDF). A common denominator runs throughout recorded history: a rising proportion of debts cannot be paid. Adam Smith remarked that no... Read More