[lbo-talk] Michael Hudson - 'From Marx to Goldman Sachs: TheFictions of Fictitious Capital'

[c b]

I like your critique of Hudson, by the way. He was in Sydney a few
months ago and had a public meeting with hundreds of people, which I
was surprised by. Also he spent a day at the central bank. Where is
this guy coming from?

Mike Beggs

^^^^

http://en.wikipedia.org/wiki/Michael_Hudson_(economist)

Super Imperialism: The Economic Strategy of American Empire,[2] was
the first book to describe the global free ride for America after it
went off the gold standard in 1971, putting the world onto a paper
U.S. Treasury-bill standard. Obliging foreign central banks to keep
their monetary reserves in Treasury bonds forced them to finance U.S.
military spending abroad, which was responsible for the U.S.
balance-of-payments deficit at that time.

CB: Michael Hudson has been a member of the A-list ( which was started
by the late Mark Jones) along with Henry Liu.