Michael Hudson’s Antidote to Neo-liberal Economists’ and “Austerians'” Deadly, Daily, Poison

Another title, for the conditioned to unconditionally surrender to party line liberal, could have been: Paul Krugman Sucks Up To Robert Rubin’s and the Fed’s Deadly Farts. According to Hudson’s insight into the purpose of the Fed’s (3 Trillion, and counting) QE policy – no end in sight – and the neoliberal deficit hawks’, in […]

Matt Stoller: What Presidency?

  Matt Stoller: What Presidency?   By Matt Stoller, who worked on the Dodd-Frank financial reform law and Federal Reserve transparency issues as a staffer for Rep. Alan Grayson (on Twitter at @matthewstoller)   To explain – there’s an endless stream of musings on our current political problems, with an attempt to apportion “blame” for […]

Jeffrey Sachs: Budgetary Deceit and America’s Decline

​America needs a third-party movement to break the hammerlock of the financial elites. Until that happens, the political class and the media conglomerates will continue to spew lies, American militarism will continue to destabilize a growing swath of the world, and the country will continue its economic decline.—Jeffrey Sachs   Damn right we need a […]

Michael Hudson: Wall Street’s Euthanasia of Industry

In the middle of the Great Depression, in 1936, Keynes wrote his general theory of employment interest and as his last chapter called for euthanasia of the rentier. Well, what we have now instead of the euthanasia of the rentier is the euthanasia of the employees, the euthanasia of industry, the euthanasia of entire economies […]

By Hook, Crook, Indenture, Wars and/or Whatever…

  It should, by now, have become clear what deficit reduction, i.e. austerity measures are all about. While this article addresses the mechanics, and their objectives, being implemented in the EU (PIGS), the same intentions apply to the US, though the mechanics will differ. It is the intention of the 1% who own 40% of […]