Tag Archives: Michael Hudson

Makers and Takers

  My state elected a looter as its senator. Only now, a senator from a different state has introduced an anti-looting bill. What’s a looter to do? Elizabeth Warren’s Stop Wall Street Looting Act, which is co-sponsored by Tammy Baldwin, … Continue reading

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Perpetual Motion Machine

  Most American assume that the US is involved in multiple Middle-East wars because of oil but it’s actually about the dollar as the worlds reserve currency. Allow me to explain. In 1971 President Nixon took the US off the … Continue reading

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PayGo

  PayGo is bad economics and bad politics, but naturally it was the first order of business for the newly elected Democratic Speaker of the House–Nancy Pelosi. Despite resistance from progressive Democrats, the House rules package for the 116th Congress will … Continue reading

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Ten Years After

  Ten years ago the US stock market tanked, and for the next several weeks financial markets were a cluster-fuck of panic and chaos. Americans were frightened of what was happening in the economy. The real estate market had collapsed. Venerable Wall … Continue reading

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Junk Economics

  Over the weekend, the US Senate passed the most drastic rewrite of America’s tax system since the Reagan administration, which is expected to mostly benefit the wealthiest Americans. This new tax cut legislation should provide further proof that the United … Continue reading

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Washington Generals (Part 2)

  How can the Democratic Party effectively oppose Trump and get back into power after they’ve lost over a thousand seats nation-wide since 2008? Oh, I know. Maybe former Vice-President Joe Biden, a Democrat, can show up at a swanky Deer … Continue reading

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N is for Neofeudalism

  Everything that was old is new again. Take feudalism, it’s making a comeback. The US economy is trending towards wage bondage and economic polarization, with an all-American debt peonage that I’ve come to call neofeudalism. Heterodox economist Michael Hudson explains how … Continue reading

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