Michael Hudson

Select articles by the President of The Institute for the Study of Long-Term Economic Trends (ISLET), Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971). Prof. Michael Hudson acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law. Truman Factor features Prof. Hudson’s articles in English and in Spanish.

QE3 = Jobs for Wall Street

QE3 = Jobs for Wall Street

You’re bailing out banks' ability to profiteer off the economy and sell all of the junk mortgages that they’ve got from Countrywide Financial and the other big fraudulent, criminalized financial agencies.…

Michael Hudson’s New Book, The Bubble and Beyond

Michael Hudson’s New Book, The Bubble and Beyond

Essays on Fictitious Capital, Debt Deflation and the Global Crisis.…

Financial Predators v. Labor, Industry and Democracy

Financial Predators v. Labor, Industry and Democracy

Europe’s sovereign debt crisis in historical perspective.…

Veblen’s Institutionalist Elaboration of Rent Theory

Veblen’s Institutionalist Elaboration of Rent Theory

Despite the popularity of Veblen's writings with the reading public, his contribution has remained isolated from the academic mainstream, and he did not leave a "school."…

The Weaponization of Economic Theory

The Weaponization of Economic Theory

Europe’s three needs: a debt write-down, a real central bank, and a more efficient tax system.…

Paul Krugman’s Economic Blinders

Paul Krugman’s Economic Blinders

Many of Mr. Krugman’s readers find him the leading hope of opposing even worse Republican politics. But what can be worse than the Rubinomics that Larry Summers, Tim Geithner, Rahm Emanuel and other Wall Street holdovers from the Democratic Leadership Committee have embraced?…

Productivity, The Miracle of Compound Interest and Poverty

Productivity, The Miracle of Compound Interest and Poverty

Rising productivity would raise wages and living standards, enabling people to work shorter hours under more relaxed and less pressured workplace conditions.…

Debt: The Politics and Economics of Restructuring

Debt: The Politics and Economics of Restructuring

Michael Hudson’s presentation for the session “The Challenge of Deleveraging and Overhangs of Debt II: The Politics and Economics of Restructuring” at the Institute for New Economic Thinking’s (INET) Paradigm Lost Conference in Berlin.…

Debts that can’t be paid, won’t be

Debts that can’t be paid, won’t be

A common denominator runs throughout recorded history: a rising proportion of debts cannot be paid.…

MMT as an ECB Alternative

MMT as an ECB Alternative

2,181 Italians pack a Sports Arena to learn Modern Monetary Theory…

«The EU is proving that it works for private banks, but not for its citizens»

«The EU is proving that it works for private banks, but not for its citizens»

The Greek crisis is being used to find out how far finance can drive down wages and privatize the public sector.…

Democracy and Debt

Democracy and Debt

Has the Link been Broken?…

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