Tag Archives: michael hudson

Government Debt and Deficits Are Not the Problem. Private Debt Is.

by Michael Hudson, New Economic Perspectives Remarks by Prof. Michael Hudson at The Atlantic’s Economy Summit, Washington DC, Wednesday, March 13, 2013. There are two quite different perspectives in the set of speeches at this conference. Many on our morning … Continue reading

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Why Latvia’s Austerity Model Can’t Be Exported

by Michael Hudson and Jeffrey Sommers, New Economic Perspectives Austerity’s advocates depict Latvia as a plucky country that can show Europe the way out of its financial dilemma – by “internal devaluation”, or slashing wages. Yet few of the enthusiastic … Continue reading

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Some Modest Proposals for Reforming the U.S. Financial and Tax System

by Guest Author Michael Hudson

On November 3, 2011, Alan Minsky interviewed me on KPFK’s program, “Building a Powerful Movement in the United States” in preparation for an Occupy L.A. teach-in. To clarify my points I have edited and expanded my answers from the interview transcript. Continue reading

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$13 Trillion Cover-up

In the case of bailing out Wall Street – and thereby the wealthiest 1% of Americans – while saying there is no money for Social Security, Medicare or long-term public social spending and infrastructure investment, the beneficiaries are obvious. So are the losers.

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Why Iceland Voted “No”

The attempt to levy a settlement that can not be paid on Iceland is reminiscent of the settlements post World War I which paved the way for world chaos a generation later. Continue reading

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