The Unz Review • An Alternative Media Selection$
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
Show by  
Email This Page to Someone

 Remember My Information



=>
Topics Filter?
American Military Ancient Near East Australia Banking Industry Banks China Coronavirus Debt Deregulation Dollar Donald Trump Economic Theory Economics EU Euro Eurozone Federal Reserve Financial Bailout Financial Crisis Financial Debt Financial Sector Financial Times Foreign Policy Greece History Housing Iceland Ideology IMF Land Latvia Max Keiser Neoliberalism Obama Privatization Radio Interviews Real Estate Rentier Russia Tax Cuts The Insiders Economic Dictionary TV Ukraine Wall Street Washington Consensus 2016 Election 2020 Election Academia Afghanistan Al Jazeera American Debt American Media Ancient Greece Ancient Rome Argentina Austerity Baltics Banking Banking System Barack Obama Ben Bernanke Bernie Sanders Brazil Brexit BRICs Britain Bubble & Beyond Bush Capitalism Central Asia Chicago School Chile China/America Chinese Classical Antiquity Classical Economics Communism Consumer Debt Counterpunch Cryptocurrency Cuba Currency Speculation Debt Jubilee Deficits Deflation Democracy Now! Democratic Party Democrats Dictatorship Economic History Empire Employment Energy Eurasia Event FAZ Finance Financial Bubbles FIRE Free Market Free Trade Geo-Politics George Soros Germany Global Warming Globalism Globalization Gold Gordon Brown Government Debt Government Spending Government Surveillance Great Recession Henry George Hillary Clinton Imperialism Income Tax Inequality Inflation Infrastructure Interest Iran Iraq Israel Israel Lobby Italy Jeff Sommers Joe Biden Joseph Stiglitz Kazakhstan Killing The Host Kyrgyzstan Labor Latin America Lehman Brothers Leon Trotsky long-range-missile-defense Markets Marx Marxism Medicine Michael Hudson Middle East MMT Modern Money Theory Money Supply National Debt NATO Natural Gas Neocons New Cold War Nobel Prize Nord Stream 2 Norway Oil Oil Industry One Percent Panama Papers Paul Krugman Paul Samuelson Piketty Pinochet Poland Political Correctness Ponzi Scheme Poverty Prizatization Productivity Progressives Property Tax Protectionism Public Enterprise Qassem Soleimani Radio Radio Interview Renegade Economists Republican Party Shanghai Cooperation Organisation Simon Patten Social Security Socialism Soviet Union Student Debt Switzerland Syria Syriza Taliban Tax Taxes Technology Terrorism Thorstein Veblen Trade Surplus TTIP Unemployment Unions USA Veblen Venezuela Virginia Vladimir Putin Working Class World Bank Xi Jinping YouTube
Nothing found
 BlogviewMichael Hudson Archive

Bookmark Toggle AllToCAdd to LibraryRemove from Library • B
Show CommentNext New CommentNext New ReplyRead More
ReplyAgree/Disagree/Etc. More... This Commenter This Thread Hide Thread Display All Comments
AgreeDisagreeThanksLOLTroll
These buttons register your public Agreement, Disagreement, Thanks, LOL, or Troll with the selected comment. They are ONLY available to recent, frequent commenters who have saved their Name+Email using the 'Remember My Information' checkbox, and may also ONLY be used three times during any eight hour period.
Ignore Commenter Follow Commenter
The most important factor affecting the global economy is the increasing strain caused by U.S. hegemony. Its diplomacy has shaped the economic and trading rules enforced by the IMF, World Bank and other international institutions in America’s favor after World War II. U.S. leadership reached its peak with its Cold War victory over the Soviet... Read More
BENJAMIN NORTON: Hey, everyone. I’m Ben Norton, and this is the Multipolarista podcast. And I have the great pleasure of being joined today by one of my favorite guests, one of I think the most important economists in the world today. I’m speaking with Professor Michael Hudson. If you’ve seen any of the interviews I’ve... Read More
KATIE HALPER: Professor Michael Hudson, thank you so much for joining us. We're really excited to have you. We wanted to start off by asking you if you could provide an overview of what the economics driving this conflict are—and by conflict, I mean the conflict between Russia and Ukraine, and, of course, with the... Read More
twoleadinghardcurrencies-usdollarversuseuro
It is now clear that today’s escalation of the New Cold War was planned over a year ago, with serious strategy associated with America’s plan to block Nord Stream 2 as part of its aim of blocking Western Europe (“NATO”) from seeking prosperity by mutual trade and investment with China and Russia. As President Biden... Read More
ahundreddollarbillinamericanuscurrencyison
Interview with Margaret Flowers, Clearing the Fog
Margaret Flowers: You're listening to Clearing the FOG, speaking truth to expose the forces of greed, with Margaret Flowers. And now I turn to my guest, Michael Hudson. Michael is the president of the Institute for the Study of Long-term, Economic Trends, ISLET. He's a Wall Street financial analyst and a distinguished research professor of... Read More
Conversations with Scott Ritter and Michael Hudson
TRANSCRIPT GR (Michael Welch): Great privilege to speak with you again Mr. Hudson. Welcome! Michael Hudson: Thanks for having me on! GR: Now, We’re seeing NATO unifying together behind the US call to sanction Russia, including removal from the SWIFT system. They’re being hit with sanctions to hurt, sanctions from hell as President Biden would... Read More
Joe Lauria Welcome to CNLive! Season Four Episode Five: “Ukraine The Economic Fallout.” I’m Joe Lauria, editor in chief of Consortium News. Elizabeth Vos And I’m Elizabeth Vos. Joe Lauria The collective west, led by the United States, declared economic war against Russia last month in response to the invasion of Ukraine, imposing perhaps the... Read More
3dillustrationofarussiasanctionsconcept-yellowtapewith
Ross [00:00:29] Welcome to Renegade Inc. Whatever the outcome in Ukraine, one thing is for sure the economic reverberations will be felt by everyone for years to come as the world divides between the West and a rapidly reshaping Eurasia. Ross [00:00:49] Michael Hudson, always a pleasure to have you on the programme, welcome to... Read More
Paul Jay Hi, welcome to theAnalysis.news, I’m Paul Jay. We’re going to talk about China. We’re going to have two guests who agree on so many things, but they have some disagreements about just what is the character of China, and we’re going to get into that. Please don’t forget the donate button. We can’t... Read More
iftheu-s-economyweretocollapseitwouldhappen
But nobody thought that it would happen this fast
Empires often follow the course of a Greek tragedy, bringing about precisely the fate that they sought to avoid. That certainly is the case with the American Empire as it dismantles itself in not-so-slow motion. The basic assumption of economic and diplomatic forecasting is that every country will act in its own self-interest. Such reasoning... Read More
berlingermany-19feb2022protestnearbrandenburggate
The MIC, OGAM and FIRE Sectors Conquer NATO
My old boss Herman Kahn, with whom I worked at the Hudson Institute in the 1970s, had a set speech that he would give at public meetings. He said that back in high school in Los Angeles, his teachers would say what most liberals were saying in the 1940s and 50s: “Wars never solved anything.”... Read More
uschinarussiaeutradewarusatariffssanctionseurope
The U.S. aim is to keep them from trading with China and Russia
The Iron Curtain of the 1940s and ‘50s was ostensibly designed to isolate Russia from Western Europe – to keep out Communist ideology and military penetration. Today’s sanctions regime is aimed inward, to prevent America’s NATO and other Western allies from opening up more trade and investment with Russia and China. The aim is not... Read More
inflationdollarhyperinflationwithblackbackground-onedollarbillis
Andrei: Is it true that the USA cannot raise interest rates to lower the inflation rate as this would trigger a cascading series of bankruptcies and cost the Dems the upcoming elections? Michael Hudson: The Federal Reserve and T
inflationbackgroundworldwideduetopandemic-graphshowingincreasein
Ben Norton, Inflation and banking 2022 Economist Michael Hudson discusses the global inflation crisis and how the US Federal Reserve quietly (and apparently illegally) bailed out big banks in 2019 with $4.5 trillion of emergency repo oans Reproduced with the permission of Michael Hudson. I interviewed economist Michael Hudson to discuss what is causing the... Read More
michael-hudson-super-imperialism
Michael Hudson Interviewed on Kevin Barrett’s Truth Jihad Radio, 11/15/21 Kevin Barrett: Welcome to Truth Jihad Radio, the radio show that wages the all-out struggle for truth by uncovering all sorts of interesting facts and perspectives that are normally banned, covered up, obscured, spun or otherwise messed with in the corporate controlled mainstream. Today we’re... Read More
arlingtonvirginiausa-july24th2021joebidenandterry
History has been rewritten almost daily this week, almost immediately as it occurs. A Wall Street Journal editorial on November 4 spun its view of what is at issue for the Democratic Party: “Voters warn Democrats to walk away from the Sanders-Pelosi agenda.” The Democrats’ own leadership quickly agreed with this take, playing the blame... Read More
Economist Michael Hudson discusses the update of his book “Super Imperialism: The Economic Strategy of American Empire” and the financial motivations behind the US new cold war on China and Russia. Economist Michael Hudson has published a new, third edition of his book Super Imperialism that updates his analysis for the 21st century, discussing the... Read More
rentiercapitalism
In the mid-1980s, Soviet officials saw a need to open up their economy in hope of achieving Western-style innovation and productivity. That was the decade in which Margaret Thatcher and Ronald Reagan were sponsoring the neoliberal pro-financial policies that have polarised the U.S., British and other economies and loaded them down with rentier overhead. The... Read More
chinavsunitedstatesofamericaflagisolatedonback-2
Ross Welcome to Renegade Inc. With China's increasing wealth, Western investors want some of the action. One of those investors is a bullish gentleman called George Soros. However, the Chinese are acutely aware that with Western investment comes inequality. So as Beijing begins to rethink how to do proper economic growth, we ask, will China... Read More
The debate was monitored by Lynn Parramore, and introduced by David Graeber’s widow, Nika. Transcript: Nika: Hi, I'm Nika. I'm David's wife. This is an event in the honor of the first anniversary of David Graeber's passing, and then the spirits of his rejection of academic arrogance, and our urgent need to get out of... Read More
Mr. Soros has thrown a public sissy fit over the fact that he can’t make the kind of easy money off China that he was able to make when the Soviet Union was carved up and privatized. On September 7, 2021, in his second mainstream editorial in a week, George Soros expressed his horror at... Read More
georgesorosfounderandchairmanoftheopensocietyfoundation
In a Financial Times op-ed, “Investors in Xi’s China face a rude awakening” (August 30, 2021), George Soros writes that Xi’s “crackdown on private enterprise shows he does not understand the market economy. … Xi Jinping, China’s leader, has collided with economic reality. His crackdown on private enterprise has been a significant drag on the... Read More
President Biden put a popular flag-waving wrapping for at America’s forced withdrawal from Afghanistan in his 4 PM speech on Monday. It was as if all this was following Biden’s own intentions, not a demonstration of the totally incompetent assurances by the CIA and State Department as recently as last Friday that the Taliban was... Read More
Interview with Swedish Positiva Pengar group, by Jessi Ora, May 27, 2021
TRANSCRIPT Jussi: So welcome all and welcome Michael. Good to have you here again. How are you? Hudson: It’s good to be back. Jussi: Our pleasure as usual. Let me just introduce you shortly first. I think most people know quite a lot about you. I’ll make it short. You have been an advisor to... Read More
bigpileofdollars
Creditocracy: A Geopolitical Economy
As President Biden continues his predecessor’s New Cold War on China, it is clear that the pandemic has vastly accelerated the on-gong shift in the international balance of power, away from the US and towards China. For former US Treasury Secretary, Lawrence Summers, it was likely a ‘hinge of history’: ‘[i]f the 21st century turns... Read More
Paul Jay Hi, I’m Paul Jay. Welcome to theAnalysis.news. Thank you to everybody who has clicked the donate button. And if you haven’t, maybe you might do it this time. If you’re watching on YouTube or our website, click the share button and subscribe and we’ll be back in a second with Michael Hudson. U.S.... Read More
In this wide-ranging discussion on the Moderate Rebels podcast, Hudson addresses US sanctions on Venezuela and Iran, the policies of the Joe Biden administration, Beijing’s economic model, cryptocurrencies, and dedollarization – the potential end to the dollar as the global reserve currency. TRANSCRIPT Ben Norton 0:03 Hello everyone, I’m Ben Norton. You’re watching Moderate Rebels.... Read More
Guests Michael Hudson & Jonathan Wilson-Hartgrove: April 21, 2021 (transcribed May 3, 2021): Jim Vrettos: So, Michael, Jonathan. Thank you so very, very much for being here. Jonathan, you're from... We're looking at you from North Carolina there and Michael is in Queens. You've both had tremendous influence in your respective fields. Spiritual economic activist... Read More
Transcript Jussi: Welcome Michael. I just give a brief overview of the agenda and then I get back to you with a few questions. I just show you this picture, what we want to do today is this: Today we will get a long-term view on money debt and the economy, including the different power... Read More
unitedstatesandchinaflagswithdollarsbanknotesmixedimage
Nearly half a millennium ago Niccolo Machiavelli’s The Prince described three options for how a conquering power might treat states that it defeated in war but that “have been accustomed to live under their own laws and in freedom: … the first is to ruin them, the next is to reside there in person, the... Read More
TRANSCRIPT Ibrahima: [00:00:00] Good morning or good evening, depending on where you are located and welcome to the Henry George School. My name is Ibrahima Drame and I'm the director of education. It's a great honor to have you with us today for another joint webinar co-organized with the International Union for Land Value Taxation... Read More
Out of habit, American economists worry about federal debt. But federal debt can be redeemed by the Federal Reserve printing the money with which to retire the bonds. The debt problem rests with individuals, companies, and state and local governments. They have no printing press. We have explained that the indebtedness of the population means... Read More
Vrettos: 1. We're waiting to see how the rhetoric of the new Biden administration will play out in actual policies. Hudson: Biden’s long political career has been right-wing. He’s the senator from Delaware, the country’s most pro-corporate state – which is why most U.S. corporations are incorporated there. As such, he represents the banking and... Read More
superimperialism-2
Presentation at the Oxford Economics Society
Oscar Brisset: Welcome to the first event of the Oxford Economics Society for this academic year. I’m Oscar, the Co-President of our society, and I’m glad to welcome you back for another term of exciting discussions. Although we were hoping last term to be back in-person by January, due to the worsening Covid-19 situation in... Read More
silhouetteofstockmarketdiscussion
The rentier resurgence and takeover
Summary[1a] Marx and many of his less radical contemporary reformers saw the historical role of industrial capitalism as being to clear away the legacy of feudalism – the landlords, bankers and monopolists extracting economic rent without producing real value. But that reform movement failed. Today, the Finance, Insurance and Real Estate (FIRE) sector has regained... Read More
High-ended retailer Saks Fifth Avenue added private security, fencing and barbed wire ahead of a Black Lives Matter protest in New York, June 7. 2020. (Anthony Quintano, CC BY 2.0, Wikimedia Commons)
Michael Hudson and Pepe Escobar last month took a hard look at rent and rent-seeking at the Henry George School of Social Science. Michael Hudson: Well, I’m honored to be here on the same show with Pepe and discuss our mutual concern. And I think you have to frame the whole issue that China is... Read More
Ross Welcome to Renegade Inc. However you look at it, 2020 was a train wreck. So as we look forward to 2021, we wanted to get political and economic insight from two friends of the show. Chris Williamson and Michael Hudson share their views on what we can look out for in the new year.... Read More
Allied with landlords and monopolists, the finance sector is extracting economic rents from the economy that’s impoverishing US government, industry and labor says Michael Hudson discussing the chokehold of pro-finance, pro-rentier capitalism reaching into the present COVID-19 crisis. TRANSCRIPT LYNN FRIES: Hello and welcome. I’m Lynn Fries producer of Global Political Economy or GPEnewsdocs. I... Read More
A Conversation with Michael Hudson and Pepe Escobar
Alanna: So, let’s formally start. Once we start to record Ibrahim is going to introduce the Henry George school and welcome everybody then I’m going to introduce from the bios; Michael and Pepe and then Michael will start with rent and rent seeking those who have comments or questions could put that in chat and... Read More
Steve Keen and Michael Hudson have both been arguing for a debt jubilee for some time. Now, as COVID-19 hits the poorest hardest, and leaves those with money better off than before, is this the right time to write off debt? Can the economy recover without it? After all, its stagnated since the 2008 global... Read More
Trump’s economic policies have not addressed the fundamental forces that have gutted industrial jobs under the administrations of both parties, says economist Michael Hudson ontheAnalysis.news podcast with Paul Jay. Transcript TRANSCRIPT Edited for Clarity Paul Jay: Hi, I’m Paul Jay and welcome to theAnalysis.news podcast. Please don’t forget, at the top of the webpage, and... Read More
shutterstock_399595387
Michael Hudson [intro/music] (00:02): The money that you pay for debt service to a bank isn’t spent back into the economy. The bank bond holders are basically the 1% of the economy. They’re rich enough that they’re not going to take all this extra money they get to buy more goods and services. They’ll buy... Read More
shutterstock_1631119204-2
The U.S. is Saving the Financial Sector, not the Economy
Before juxtaposing the U.S. and alternative responses to the corona virus’s economic effects,[1] I would like to step back in time to show how the pandemic has revealed a deep underlying problem. We are seeing the consequences of Western societies painting themselves into a debt corner by their creditor-oriented philosophy of law. Neoliberal anti-government (or... Read More
Michael Hudson’s landmark 2015 book “Killing the Host” exposed how the empires of finance, insurance and real estate captured the global economy through neo-liberalism and sold us down the road to neo-feudalism. Michael returns to the show to describe why the current global economic demise is the fruit of consummate greed, crony politics and rapacious... Read More
Michael Hudson: Well, I think you’re quite right in organizing the conference to point out that today’s pandemic crisis hastens and intensifies the internal contradictions that have been building up. Many of these contradictions are going to be blamed simply on the virus. But there is an underlying problem that the virus is exposing and... Read More
The Federal Reserve is directly buying stocks, bonds, junk bonds, mortgages, junk mortgages, all to prop up the value of assets owned by the top 5%. This does not spur much new production or create jobs. Michael Hudson joins Paul Jay on theAnalysis.news podcast
[Intro] Welcome to the Knowledge Problem Podcast, the objective of this podcast is to engage policy professionals over thought provoking and sometimes sensitive topics. We aim to bring these professionals together in a way that does not feed the tribalistic narratives plaguing society today. It is my hope and the hope of all involved in... Read More
The Saker: I suppose that like any system, the economy and financial system in the USA and, more generally, in the West can take some punishment, but there has to be a “point of no return” after which the entire systems comes tumbling down like a house of card. My first question is double: a)... Read More
shutterstock_639192301
Imagining How Financial Parasites and Debt Bondage Are Destroying Us
Jim Vrettos: Welcome once again to the Radical Imagination. I'm your host, Jim Vrettos. I'm a sociologist whose taught at John Jay College of Criminal Justice and Yeshiva University here in New York. Our guest today on the Radical Imagination is Michael Hudson. He was on our March 8th show. We had such an overwhelmingly... Read More
shutterstock_295764251-2
How the US Makes Countries Pay for Its Wars
Economist Michael Hudson explains how American imperialism has created a global free lunch, where the US makes foreign countries pay for its wars, and even their own military occupation. Max Blumenthal and Ben Norton discuss the economics of Washington’s empire, the role of the IMF and World Bank, attempts to create alternative financial systems like... Read More
Michael Hudson
About Michael Hudson

Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971).

ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East.

Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law.