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Feb 22, 2024 · The salary range is $750,000 to $1.1 million. A New School spokeswoman, Amy Malsin, said the school had a plan to make it through its current troubles. “We are confident in our ability to stabilize the university’s finances and are taking all necessary steps to ensure that outcome,” she said.
Jan 2, 2022 · Economist Michael Hudson says this kind of debt buildup chokes economic growth and gives undue power to creditors like banks. He also says it demands a reset: cancelling our debts.
Mar 22, 2023 · The Collapse of Antiquity, the sequel to Michael Hudson’s “…and forgive them their debts,” is the latest in his trilogy on the history of debt. It describes how the dynamics of interest-bearing debt led to the rise of rentier oligarchies in classical Greece and Rome. This caused economic polarization, widespread austerity, revolts, wars ...
Jul 19, 2023 · Ep. 232 Michael Hudson. Michael Hudson [Intro/Music]: America cannot re-industrialize without reversing this whole philosophy of post-industrial society as a class war against labor. You can’t have both. You can’t have a class war against labor and reindustrialization with the labor unionization that goes with it.
By Michael Monday, April 29, 2024 Interviews No tags Permalink. Living within your means is considered a virtue in many cultures, with one notable exception – the United States, whose public debt grows by roughly a trillion dollars every 100 days and is projected to continue doing so for the next few decades. In the past, it helped to sustain ...
Mar 12, 2023 · When the Fed raises interest rates sharply enough to crash bond prices, the banking system’s asset structure weakens. That is the corner into which the Fed has painted the economy by QE. The Fed recognizes this inherent problem, of course. That is why it avoided raising interest rates for so long – until the wage-earning bottom 99 Percent ...
May 18, 2022 · Inflation is the excuse that right-wing governments have for trying to lower wage levels by blaming the inflation in rising wages. Federal Reserve chairman Paul Volcker raised interest rates to 20% in 1980 to cause a recession that would lead to less hiring and thus stop labor’s wage gains of the 1970s. And more recently, the present Federal ...
