Richard D. Wolff & Michael Hudson examine the concept of “Junk Economics.”
Michael Hudson explains that even though housing prices are back up at 2008 levels homeownership is at a much lower level and banks have their loans guaranteed by the US government…
With every major financial recovery since the second World War beginning in a place of greater debt than the one before it, how could we not have foreseen the financial crisis of 2008? In this episode of Meet the Renegades, economics professor and author, Michael Hudson argues we did.
From The Real News Network […] Well, almost all the Europeans know where the immigrants are coming from. And the ones that theyre talking about are from the near East. And theyre aware of the fact that most of the immigrants are coming as a result of the NATO policies promoted by Hillary and by … More Michael Hudson on How Western Military Interventions Shaped Brexit
A research team from Columbia University’s Mailman School of Public Health in New York estimates 875,000 deaths in the United States in year 2000 could be attributed to social factors related to poverty and income inequality. According to U.S. government statistics, 2.45 million Americans died in the same year. When compared to the Columbia research … More Michael Hudson: Neoliberalism lowers life expectancy
From Nation Books: KILLING THE HOST exposes how finance, insurance, and real estate (the FIRE sector) have gained control of the global economy at the expense of industrial capitalism and governments. The FIRE sector is responsible for today’s economic polarization (the 1% vs. the 99%) via favored tax status that inflates real estate prices while deflating … More New Book By Michael Hudson: Killing the Host – How Financial Parasites and Debt Bondage Destroy the Global Economy