Dave Strickler | Michael Hudson: Trump’s Infrastructure Plan -Public Investment, Private Profit @DaveStricklers | Uploaded January 2017 | Updated October 2024, 1 hour ago.
Originally published on TRNN on Jan 20, 2017
The newly inaugurated president says his plan will benefit all Americans, but the 99% are likely to pay for it while the 1% profit, says economist Michael Hudson.
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Michael Hudson BIO: Hudson is one of very few economists (there were only 12 actually) - globally - who perfectly predicted the 2008 financial crisis. Hudson actually understand flows in the monetary system furthered early in his career by working on Wallstreet as a balance of payments analyst at Chase Manhattan bank.
He attended the University of Chicago's Laboratory School for high school and grade school. He was a Philology major with a minor in history at the University of Chicago, where he received his B.A. in 1959. Hudson received his M.A. also from New York University in 1963 in economics, with a thesis on the World Bank's philosophy of development, with special reference to lending policies in the agricultural sector. Hudson received his Ph.D. in economics from New York University in 1968. His dissertation was on American economic and technological thought in the nineteenth century.
Michael 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 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.
Michael Hudson is at: michael-hudson.com
Originally published on TRNN on Jan 20, 2017
The newly inaugurated president says his plan will benefit all Americans, but the 99% are likely to pay for it while the 1% profit, says economist Michael Hudson.
Help support The Real News by making a donation today: therealnews.com/donate
Michael Hudson BIO: Hudson is one of very few economists (there were only 12 actually) - globally - who perfectly predicted the 2008 financial crisis. Hudson actually understand flows in the monetary system furthered early in his career by working on Wallstreet as a balance of payments analyst at Chase Manhattan bank.
He attended the University of Chicago's Laboratory School for high school and grade school. He was a Philology major with a minor in history at the University of Chicago, where he received his B.A. in 1959. Hudson received his M.A. also from New York University in 1963 in economics, with a thesis on the World Bank's philosophy of development, with special reference to lending policies in the agricultural sector. Hudson received his Ph.D. in economics from New York University in 1968. His dissertation was on American economic and technological thought in the nineteenth century.
Michael 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 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.
Michael Hudson is at: michael-hudson.com
![Stephanie Kelton: The Economy-Does More Government Help or Hurt [COMPLETE]](https://i.ytimg.com/vi/ShylO6xQyzE/hqdefault.jpg "Stephanie Kelton: The Economy-Does More Government Help or Hurt [COMPLETE]
Published on Sep 19, 2014
Presented at the Kansas City Public Library, Plaza Branch on September 16, 2014. This is the complete program and includes Dr. Haslag presentation and the Q&A session after both presentations.
Stephanie Kelton BIO: studied Business Finance and Economics at the California State University, Sacramento, earning a B.S. and a B.A. in 1995. She received a Rotary scholarship to study Economics at the University of Cambridge, receiving her Master in 1997. On a fellowship from Christs College, Cambridge, Kelton then spent a year at the Levy Economics Institute of Bard College. She obtained a Ph.D. in Economics from The New School in 2001 with her dissertation, Public Policy and Government Finance: A Comparative Analysis Under Different Monetary Systems. Professor Kelton is also Chair of the Department of Economics at the University of Missouri-Kansas City explains the Bretton Woods System and the end of the Gold Standard in the 1970s, why comparisons to the Weimar Republic and Zimbabwe made by austerity promoters are wrong, high inflation does not happen in well functioning democracies, why we think about the deficit in the wrong way, the smart way to think about the Simpson Bowles austerity plan, the purpose of taxes, Hillary Clinton running on bringing down the debt and addressing the inequality crisis, Social Security and inequality, what Thomas Piketty misses, why labor needs to make a comeback and why fighting inequality must go beyond raising taxes at the top.
Stephanie Kelton is an Economic Advisor to the Bernie 2016 presidential campaign. She served as Chief Economist on the U.S. Senate Budget Committee (minority staff) and is Professor of Economics at the University of Missouri-Kansas City. She was the Founder and Editor-in-Chief of the top-ranked blog New Economic Perspectives and a member of the TopWonks network of the nation’s best thinkers. Her book, The State, The Market and The Euro (2001) predicted the debt crisis in the Eurozone, and her subsequent work correctly predicted that: (1) Quantitative Easing (QE) wouldn’t lead to high inflation; (2) government deficits wouldn’t cause a spike in U.S. interest rates; (3) the S&P downgrade wouldn’t cause investors to flee Treasuries; (4) the U.S. would not experience a European-style debt crisis.
Stephanie consults with policymakers, investment banks and portfolio managers across the globe. Her research expertise is in: Federal Reserve operations, fiscal policy, social security, health care, international finance and employment policy. Follow her on Twitter at @stephaniekelton or at http://stephaniekelton.com")
