See Dr Hudson with Max Keiser in On the Edge as they sift through the latest issues including the EU, Ron Paul, Austrian economics, Iran and the role of the US dollar.

Paper delivered at the Boeckler Foundation meetings, Berlin, October 29, 2011, #D3. Summary Ricardian trade theory was based on the cost of labor at a time when grain and other consumer goods accounted for most subsistence spending. But today’s budgets are dominated by payments to the finance, insurance and real estate (FIRE) sector, and to... Read More

Michael Hudson on Bonnie Faulkner’s Guns & Butter. Listen Here Guns and Butter: “Debt Deflation in Europe and America� Edited Interview by Bonnie Faulkner with Michael Hudson, September 2, 2011 (first aired on Pacifica, September 14, 2011). “Without consumption, markets are going to shrink. Companies won’t invest, stores will close, “for rent� signs will spread... Read More

During the the Global Policy Forum (Russia), Jeffrey Sommers and Michael Hudson discussed the future of the EU with Bloomberg columnist Matthew Lynn. Tags: Euro, Jeff Sommers, Russia, TV

NY Times, August 11, 2011 A debate between five economists on “Why Aren’t Germans Protesting?� Rightly Disgusted at the Banks A bailout, like any other government expenditure, is a tax. Someone must pay all this money. And it is unfair to tax the broad population to pay for a special interest. Instead of being a... Read More

Michael on the Keiser Report, discussing the role of finance in the EU debt crisis. How does Wall St and the IMF fit into the picture? Michael comes on at the 14 minute mark.

Financial strategists do not intend to let today’s debt crisis go to waste. Foreclosure time has arrived. That means revolution – or more accurately, a counter-revolution to roll back the 20th century’s gains made by social democracy: pensions and social security, public health care and other infrastructure providing essential services at subsidized prices or for... Read More

When Greece exchanged its drachma for the euro in 2000, most voters were all for joining the Eurozone. Their hope was that it would ensure stability, and that this would promote rising wages and living standards. Few saw that the stumbling point was tax policy. Greece was excluded from the eurozone the previous year as... Read More

Is Iceland’s rejection of financial bullying a model for Greece and Ireland? This article is an excerpt from Prof. Hudson’s upcoming book, “Debts that Can’t be Paid, Won’t Be,� to be published later this year. Last month Iceland voted against submitting to British and Dutch demands that it compensate their national bank insurance agencies for... Read More

Europe is committing fiscal suicide – and will have little trouble finding allies at this weekend’s G-20 meetings in Toronto. Despite the deepening Great Recession threatening to bring on outright depression, European Central Bank (ECB) president Jean-Claude Trichet and prime ministers from Britain’s David Cameron to Greece’s George Papandreou (president of the Socialist International) and... Read More

Hudson’s latest interview with Bonnie Faulkner, discussing his recent venture to Latvia amidst Europe’s current troubles. Why have government’s suddenly forgotten how to finance themselves? Hudson on Guns N Butter, June 2010

Published in Fakt (Warsaw) Poland’s vote to join the European Community has put an end to the centuries of military rivalries that have long devastated the nation and its neighbors. Entry into the EC makes future internecine wars unthinkable. That was the easy decision to make. Poland now must confront the financial issue dividing Europe:... Read More

International Economy Diversification of central bank reserves into larger holdings of euros is much in the news these days. Quite apart from the widening U.S. trade and payments deficit, the Iraq war has created a backlash that has led some Arab and Islamic politicians to urge OPEC countries to price and sell their oil in... Read More