Thursday, February 11, 2010

Dr. Michael Hudson Guns & Butter Interview 2/10…

Dr. Hudson talks about money creation, the Federal Reserve, Greece, and a lot more. He is not, however, telling the complete story about money creation... the government does NOT necessarily make money to lend out to banks as he describes. Banks simply lend money into creation and now securitize it, thus bypassing the entire Fed and Treasury banking systems. His critique of Bernanke is very valid. Dr. Hudson is always a good listen, well worth your time: (ht Bubba)

Guns and Butter - The New Junk Economics: From Democracy to Neoliberal Oligarchy - February 10, 2010 at 1:00pm

Click to listen (or download)