Announcement

Collapse
No announcement yet.

Michael Hudson: Debt: The Politics and Economics of Restructuring - April 13, 2012 (21min.)

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Michael Hudson: Debt: The Politics and Economics of Restructuring - April 13, 2012 (21min.)

    Runtime: 21min.


    Michael Hudson, Distinguished Research Professor of Economics, University of Missouri, Kansas City at the panel entitled "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. April 13, 2012.

  • #2
    Who wants austerity?

    If austerity is so bad, who wants it? Does it transfer to or preserve the wealth of the creditor class?

    And who are they? I thought government debt was owned by pensions, etc. In other words, defaulting
    would just harm responsible people of the middle and lower class.

    Maybe this is wrong. Somebody told me that much debt is owned by "fat cats" the same people who profited from
    the housing bubble.

    Comment

    Working...
    X