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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 J is for Junk Economics(2017), Killing the Host (2015), 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), amongst many others.
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. He gives presentations on various topics at conferences and meetings and can be booked here. Listen to some of his many radio interviews to hear his hyperspeed analysis of the geo-political machinations of global economics.
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Sunday, October 2, 2022
The Euro Without German Industry The sanctions-driven price increases have been compounded by the dollar's rising exchange rate against nearly all currencies.
Sunday, October 2, 2022The Euro Without German Industry The sanctions-driven price increases have been compounded by the dollar's rising exchange rate against nearly all currencies.
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Wednesday, June 22, 2022
The Fed's Austerity Program to Reduce Wages As seen by the Biden regime the New Cold War is a fight between the "democratic" United States with its privatized economic planning in the hands of the financial class and "autocratic" China and Russia where banking and money creation are treated as a public utility to finance tangible economic growth.
Wednesday, June 22, 2022The Fed's Austerity Program to Reduce Wages As seen by the Biden regime the New Cold War is a fight between the "democratic" United States with its privatized economic planning in the hands of the financial class and "autocratic" China and Russia where banking and money creation are treated as a public utility to finance tangible economic growth.
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Monday, March 7, 2022
The American Empire self-destructs. 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.
Monday, March 7, 2022The American Empire self-destructs. 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.
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Sunday, October 25, 2020
How an "Act of God" Pandemic is Destroying the West The U.S. is Saving the Financial Sector, not the Economy
Sunday, October 25, 2020How an "Act of God" Pandemic is Destroying the West The U.S. is Saving the Financial Sector, not the Economy
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Tuesday, April 21, 2020
US Coronavirus 'Bailout' Scam is $6 Trillion Giveaway to Wall Street Why is it okay for the Fed to create $1.5 trillion to buy stocks to prevent rich people from losing on their stocks, when it's not okay to print only $1 trillion to pay for free Medicare for the entire population? This is crazy!
Tuesday, April 21, 2020US Coronavirus 'Bailout' Scam is $6 Trillion Giveaway to Wall Street Why is it okay for the Fed to create $1.5 trillion to buy stocks to prevent rich people from losing on their stocks, when it's not okay to print only $1 trillion to pay for free Medicare for the entire population? This is crazy!
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Wednesday, January 8, 2020
America Escalates Its "Democratic" Oil War in the Near East The assassination was intended to escalate America's presence in Iraq to keep control of the region's oil reserves, and to back Saudi Arabia's Wahabi troops (Isis, Al Quaeda in Iraq, Al Nusra and other divisions of what are actually America's foreign legion) to support U.S. control of Near Eastern oil as a buttress of the U.S. dollar.
Wednesday, January 8, 2020America Escalates Its "Democratic" Oil War in the Near East The assassination was intended to escalate America's presence in Iraq to keep control of the region's oil reserves, and to back Saudi Arabia's Wahabi troops (Isis, Al Quaeda in Iraq, Al Nusra and other divisions of what are actually America's foreign legion) to support U.S. control of Near Eastern oil as a buttress of the U.S. dollar.
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Tuesday, November 15, 2016
Break Up the Democratic Party: It's Time for the Clintons and Rubin to Go -- and Soros Too What is the Democratic Party's former constituency of labor and progressive reformers to do? Are they to stand by and let the party be captured in Hillary's wake by Robert Rubin's Goldman Sachs-Citigroup gang that backed her and Obama? If the party is to be recaptured, now is the moment to move.
Tuesday, November 15, 2016Break Up the Democratic Party: It's Time for the Clintons and Rubin to Go -- and Soros Too What is the Democratic Party's former constituency of labor and progressive reformers to do? Are they to stand by and let the party be captured in Hillary's wake by Robert Rubin's Goldman Sachs-Citigroup gang that backed her and Obama? If the party is to be recaptured, now is the moment to move.
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Tuesday, October 4, 2016
The Poisoned Chalice: From Eurozone to Dead Zone Conflict and rivalry has shifted from the military to the financial battlefield. Along with the IMF and ECB, central banks across the world are notorious for opposing democratic authority to tax and regulate economies. The financial sector's policy of leaving money and credit allocation to banks and bondholders calls for blocking public money creation. This leaves the financial sector as the economy's central planner.
Tuesday, October 4, 2016The Poisoned Chalice: From Eurozone to Dead Zone Conflict and rivalry has shifted from the military to the financial battlefield. Along with the IMF and ECB, central banks across the world are notorious for opposing democratic authority to tax and regulate economies. The financial sector's policy of leaving money and credit allocation to banks and bondholders calls for blocking public money creation. This leaves the financial sector as the economy's central planner.
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Sunday, December 20, 2015
The IMF Changes its Rules to Isolate China and Russia The nightmare scenario of U.S. geopolitical strategists seems to be coming true: foreign economic independence from U.S. control. Instead of privatizing and neoliberalizing the world under U.S.-centered financial planning and ownership, the Russian and Chinese governments are investing in neighboring economies on terms that cement Eurasian economic integration on the basis of Russian oil and tax exports and Chinese financing.
Sunday, December 20, 2015The IMF Changes its Rules to Isolate China and Russia The nightmare scenario of U.S. geopolitical strategists seems to be coming true: foreign economic independence from U.S. control. Instead of privatizing and neoliberalizing the world under U.S.-centered financial planning and ownership, the Russian and Chinese governments are investing in neighboring economies on terms that cement Eurasian economic integration on the basis of Russian oil and tax exports and Chinese financing.
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Wednesday, December 9, 2015
The IMF forgives Ukraine's debt to Russia on Tuesday, the IMF joined the New Cold War. When IMF head Christine Lagarde made the last IMF loan to Ukraine in the spring, she expressed the hope that there would be peace. But President Porochenko immediately announced that he would use the proceeds to step up his nation's civil war with the Russian-speaking population in the East -- the Donbass.
Wednesday, December 9, 2015The IMF forgives Ukraine's debt to Russia on Tuesday, the IMF joined the New Cold War. When IMF head Christine Lagarde made the last IMF loan to Ukraine in the spring, she expressed the hope that there would be peace. But President Porochenko immediately announced that he would use the proceeds to step up his nation's civil war with the Russian-speaking population in the East -- the Donbass.
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Wednesday, September 30, 2015
Orwell at the UN: Obama Re-Defines Democracy as a Country That Supports U.S. Policy When an American president uses the word "democracy," he means a pro-American country following U.S. neoliberal policies, no matter if the country is a military dictatorship or its government was brought in by a coup (euphemized as a Color Revolution) as in Georgia or Ukraine.
Wednesday, September 30, 2015Orwell at the UN: Obama Re-Defines Democracy as a Country That Supports U.S. Policy When an American president uses the word "democracy," he means a pro-American country following U.S. neoliberal policies, no matter if the country is a military dictatorship or its government was brought in by a coup (euphemized as a Color Revolution) as in Georgia or Ukraine.
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Sunday, June 28, 2015
On Greece and Europe: What is Called "Negotiation" is a Demand for Total Surrender What is needed is to replace the IMF with an institution able to assess the ability to pay debts, and to write down bad debts accordingly. If the European Central Bank follows through on its threat to wreck the Greek banking system, Syriza has put itself in a position to replace the oligarchs' banks with a public option.
Sunday, June 28, 2015On Greece and Europe: What is Called "Negotiation" is a Demand for Total Surrender What is needed is to replace the IMF with an institution able to assess the ability to pay debts, and to write down bad debts accordingly. If the European Central Bank follows through on its threat to wreck the Greek banking system, Syriza has put itself in a position to replace the oligarchs' banks with a public option.
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Wednesday, July 9, 2014
IMF pushes Ukraine to "voluntarily commit suicide" The US position today is what it was in 1991: Without manufacturing, Russia cannot be a serious military power to defend itself. And without purchasing foreign technology and without large state subsidy -- as US and European governments provide their own economies -- Russia cannot create a manufacturing economy. At issue is who shall rule the world: the emerging 1% as a financial oligarchy, or elected governments.
Wednesday, July 9, 2014IMF pushes Ukraine to "voluntarily commit suicide" The US position today is what it was in 1991: Without manufacturing, Russia cannot be a serious military power to defend itself. And without purchasing foreign technology and without large state subsidy -- as US and European governments provide their own economies -- Russia cannot create a manufacturing economy. At issue is who shall rule the world: the emerging 1% as a financial oligarchy, or elected governments.
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Saturday, April 26, 2014
If You Can't Tap Their Phone, How Do You Know Who To Shoot? Prof. Michael Hudson talks about Piketty's new book, the statistics behind it, Paul Krugman as a bank lobbyist, Ukraine & America's role in promoting war there, Marx...and generally shows why he is still one of the world's most brilliant economists.
Saturday, April 26, 2014If You Can't Tap Their Phone, How Do You Know Who To Shoot? Prof. Michael Hudson talks about Piketty's new book, the statistics behind it, Paul Krugman as a bank lobbyist, Ukraine & America's role in promoting war there, Marx...and generally shows why he is still one of the world's most brilliant economists.
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Thursday, October 24, 2013
Peter "Socialist" Schiff _ Exposed by MMT's Michael Hudson Michael Hudson describes how rent-seeking is impoverishing advanced nations all over the world from Latvia to Iceland.
Thursday, October 24, 2013Peter "Socialist" Schiff _ Exposed by MMT's Michael Hudson Michael Hudson describes how rent-seeking is impoverishing advanced nations all over the world from Latvia to Iceland.
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Friday, July 26, 2013
An Exercise in Political Stealth: Obama's Master Class in Economic Demagogy 101 what we have in the President's Knox College speech is an exercise in political stealth. In essence, his message is: "I know how unfair society is. Trust me." It was what Charles Keating said to his S&L depositors. It worked for Bill Clinton. The more clearly a candidate can vocalize peoples' desires for prosperity, upward mobility and deterrence of wrongdoing, the better they seem likely to legislate a solution.
Friday, July 26, 2013An Exercise in Political Stealth: Obama's Master Class in Economic Demagogy 101 what we have in the President's Knox College speech is an exercise in political stealth. In essence, his message is: "I know how unfair society is. Trust me." It was what Charles Keating said to his S&L depositors. It worked for Bill Clinton. The more clearly a candidate can vocalize peoples' desires for prosperity, upward mobility and deterrence of wrongdoing, the better they seem likely to legislate a solution.
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Friday, June 15, 2012
China's Land Policy On Tuesday, November 10, I was invited to discuss China's agricultural policy in a seminar arranged with some professors at Wuhan. About 40 graduate students showed up, most of whom spoke English although the discussion was mainly in Chinese. There was great disappointment with how Chinese agriculture was being managed (or largely ignored) at the national level.
Friday, June 15, 2012China's Land Policy On Tuesday, November 10, I was invited to discuss China's agricultural policy in a seminar arranged with some professors at Wuhan. About 40 graduate students showed up, most of whom spoke English although the discussion was mainly in Chinese. There was great disappointment with how Chinese agriculture was being managed (or largely ignored) at the national level.
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Monday, June 15, 2009
De-Dollarization: Dismantling America's Financial-Military Empire The Yekaterinburg Turning Point The city of Yakaterinburg, Russia's largest east of the Urals, may become known not only as the death place of the tsars but of American hegemony too.
Monday, June 15, 2009De-Dollarization: Dismantling America's Financial-Military Empire The Yekaterinburg Turning Point The city of Yakaterinburg, Russia's largest east of the Urals, may become known not only as the death place of the tsars but of American hegemony too.
