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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, 2022The Euro Without German Industry The sanctions-driven price increases have been compounded by the dollar's rising exchange rate against nearly all currencies.
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.
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.
Sunday, October 25, 2020How an "Act of God" Pandemic is Destroying the West The U.S. is Saving the Financial Sector, not the Economy
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!
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.
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.
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.
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.
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.
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.
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.
