Michael Hudson on Public Banking

April 1st, 2013
in econ_news, syndication

Econintersect:  Michael Hudson says that banking since World War I has been more and more focused on loading down the economy with debt rather than what he thinks should be the business of banks, which is financing economic growth and production.  Hudson says that banks should be public, government run enterprises lending money only on economic merit and Ponzi speculation should remain private in separate institutions.  See also what he thinks of public-private partnerships.


[Watch The Real News video after the Read more >> jump.]

Follow up:


In a related item Sunday, Yves Smith has a vitriolic takedown of the outright plutocratic extractive results of many public-private partnership schemes.  Read this at Naked Capitalism.

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

Proud contributor to:

Finance Blogs

Econintersect Website Search:

Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2015 Econintersect LLC - all rights reserved