A More Perfect State - Dr. Michael Hudson (Part 2/2)
Dr. Michael Hudson is a professor of Economics at the University of Missouri Kansas City, political consultant, commentator, and journalist. His career has focused on the study of debt, both external and internal, with an eye on what happens when the exponentially growing debts of a society outstrip the profits from the real economy. In the second part of our conversation we talk about modern monetary theory, the path towards debt forgiveness, and the foundational rules of a more perfect society that is not getting devoured by the rentier class. Support the podcast by check out Dr. Hudson’s books through our amazon affiliate link:
00:00:00 Go!
00:01:01 Modern monetary theory
00:06:43 Patreon Ask
00:10:03 Devaluation of the currency
00:20:52 A functional government or a functional press
00:26:25 Only revolution cancels debt
00:29:28 What follows collapse?
00:39:36 Public Pensions and Ideological Suicide
00:50:26 Worker Ownership
01:01:49 Evolution or Revolution?
01:15:29 A good billionaire?
01:20:33 Closing thoughts
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#economics #debt #civilization
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PODCAST INFO: Anastasia completed her PhD studying bioelectricity at Columbia University. When not talking to brilliant people or making movies, she spends her time painting, reading, and guiding backcountry excursions. Shilo also did his PhD at Columbia studying the elastic properties of molecular water. When he’s not in the film studio, he’s exploring sound in music. They are both freelance professors at various universities.
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