Naked Capitalism has posted the article Michael Hudson on Student Debt Relief, Inflation, Ukraine Disaster Capitalism, Petrodollar Challenge. It has a transcript of the interview below.
Economist Michael Hudson joins Multipolarista host Ben Norton to discuss partial student debt relief in the US, inflation and the Fed, disaster capitalism in Ukraine, and China’s challenge to the petrodollar.
As a fan of both Michael Hudson and Fadhel Kaboub, this interview was a powerful reminder of the one area where I disagree with Fadhel Kaboub and strongly agree with Michael Hudson, I think Michael Hudson’s view of the inflation battles of the 1970s and 1980s is much closer to reality than Fadhel Kaboub’s explanation. Fadhel, being originally from Tunisia, has a view of the 1970s and 80s that is constrained by affairs of the middle east. Michael Hudson’s views are much more focused on the events in the USA’s military adventures in the far east, particularly surrounding the Vietnam War. I wish I could get Fadhel to pay more attention to what Michael Hudson has to say. Even in this interview, Michael Hudson had some surprising (to me) clarifications of some economic history.