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It is a seesaw relationship. The decisions to push rates up or down affect spenders and savers inversely. Hence a leveling stability in general. Issuers of currency have a basic goal to keep a leash on things. Good job Richard.

I think professor Werner would agree with this Milton Friedman quote: _“After the U.S. experience during the Great Depression, and after inflation and rising interest rates in the 1970s and disinflation and falling interest rates in the 1980s, I thought the fallacy of identifying tight money with high interest rates and easy money with low interest rates was dead. Apparently, old fallacies never die.”_

Maybe the connection between growth and interest rates has something to do with the type of investment the interest rates incentivise. My hunch feeling is that low interest rates lead to finacialization and malinvestment in the economy. Of course in an environment like that raising interest rates can be quite destructive as the tide goes back, it will reveal who's swimming naked. High (or even normal) interest rates on the other hand can act as a barrier to filter out bad investment, so in a sense it's restrictive, but in a healthy way.

Always great points from Hudson...but i think a money that cant be manopulated (bitcoin?) would provide a more fair for all system rather than placing excess power in gov officials that are faliable as all people are

3 years ago when this talk was recorded the words of Michael Hudson about European elites could have sounded a bit excessive or too much of an exaggeration. But here we are 3 years into the future, almost summer 2024 and we can see how prophetic he was. Our leaders are so totally sold out to the the US war machine that sometime feels unreal, it is almost too pathetic to be true.

Didn't anyone find suspicious when they changed the Lord's Prayer from " forgive our debts" to "forgive our trespasses"? Oh!! it was Jean Paul II, what a funny coincidence.

I going to have to watch this 10⁹ times 😂. Also read And Forgive Then Their Debts" and The Collapse Of Antiquity.

i always learn something new by listening to mr.hudson

Michael speaking truth! I love this man.

It's the US Rulers who are DESTROYING the World 🌎

Some of the 99% have no debt because we've learned the hard way to live within our means. Everyone must be treated fairly. (Here is hoping that the US can get their SHT together 😮)

Imagine the US having the vaues 70 years ago more aligned with the way Israelis. Think about the productivity 🤔 we could have had. We still could be making things needed by manufacturing them here, and paying workers enough to have free time to enjoy life. And the brainey could have led the world. Instead our strength was shipped off to China and Israel. Man, of only we did not separate GOLD from THE US DOLLAR. 🥶🥴😵😵‍💫🤯🥸

Remember when banks paid INTEREST to Customers with accounts? Now Senior Citizens need JOBS for survival. Banks are financial rapists, now.

USA rulers want NO COMPETITION. This is the reason they SANCTION smart nations. 😳😎

the great unelected officials.....

This was true in 1997 when the U.S. national debt was $5.5 billion. Today it's over $30 Trillion. There's probably not enough ink available to print that much money, let alone gold to back it.

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Full interview please

There is no money in debt. Its caaled an advance. And behind i leave gastroeconomics raw mineral resorces. Called ores like a salts. Dust. No cash in dirt. Try pluto jet see carbon graffine.

So China economy is sustainable development unlike western nations economies

What about iflation ? The Fed has raised rates to fight it aka slow down borrowing.

Fantastic discussion - thank you! I found this channel indirectly via Catherine Austin-Fitts.

Great post. Strange the people asking the questions at the end didn't listen to what he actually said.

Fantastic, this man inspires with his straightforward language. Keep this online forever so all newcomers can learn. David Graeber, anthropologist, recently deceased, was inspired...and with David Wengrow archeologist, reveal how we lived in communities, how debt evolved, Check them out also alongside Michael. wonderful mentorship is there...a different future is possible.

A masterclass of economic history! Thank you Professor Michael Hudson!!

1:03:00 "Basically, your governments (the EU governments) are a branch of NATO." - THIS IS SO TRUE.

Did Mr Vague review Friedman's data supporting the link between money supply growth and inflation?

Mainstream economists still believe the same outdated textbooks!

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"Basically those are the alternatives economy has today. Debt forgiveness or barbarism ". /Michael Hudson

Markets & financial institutions have gotten too big for their britches.

I agree with much of what Michael says. However I think its important to point out that the fundamental issue with government creating and allocating money has always been the incredibly severe corruption and autocracy which has without exception cancelled out all of the benefits of that system. China is suffering impending economic doom, the housing crisis and political corruption at all levels is staggering and every attempt to reign in corruption seems to be violent and serves to consolidate more power and decision making to Xi. JDYD Liquor-Hurun Global Rich List 2023 revealed that china has by far the most billionaires with 969 with the US in second place with 691 billionaires.. I just don't see how China is doing anything better than the US. To top it all off, the CPP is creating a new bubble by forcing citizens to be buried in official government cemeteries as a way to collect taxes as a result its now more expensive to purchase a legal cemetery place than an apartment. all this during a housing and homelessness crisis. th-cam.com/video/QWSh9MGNZPo/w-d-xo.html th-cam.com/video/aMUQKRcgpVw/w-d-xo.html

What a great interview. Hudson and Sowell should run the world . The only hole in his argument i can see is we have to hope we get an honest incorruptible goverment😅

Prof. Has volume 3 of your trilogy of the tyranny of debt come out? If so, the title of the book, please

The parasite and host comparison was so apt and so creepy.

Michael Hudson is the most brilliantly honest economist on the planet.

Michael Hudson is God !!! Bless him and keep him safe.

Äntligen några som begriper och kan förklara hur pengar fungerar på riktigt. Men jag är fortfarande förvånad att så få bryr sig om att förstå det faktiska värdet på pengar. Alla tittar para på priserna.

f the amount of money available is unlimited, then that means the actual value of money is ZERO.

This is another’s insiders view on the Confessions of an Economic Hitman-- a “must read “ by John Perkins.

You cannot just print money in a vacuum. You need checks and balances in place for a good working economy. Govt->Corporations->People . Government prints too much money, devalues the dollar and purchasing power of consumers, who spend less, giving less profits to companies and governments in the form of taxes. This is a feedback loop and requires the correct amount of checks and balances. If you do not have these balances and governments only print money, you become a 3rd world country like Venezuela with 200% inflation with crippling poverty

Positive money advocates would find a common ground with major C.H. Douglas proposals in Social Credit th-cam.com/video/51JUXY-J550/w-d-xo.htmlsi=y4hk3fVhjuGcPtBp

Jews rock

The fact he knows exactly what he's talking about about, makes this a pretty vile thing to say.

Well well well, a Greenspan. So rare in the banking industry

hade gärna lyssnat när vi ser till att investera i en mikrofon.

I like mr hudson but think you have to be autistic to see economics the way paul krugman does is in itself not based on modern reality I myself have been more the MMT way of thinking on macroeconomics.

I have learnt something new today, thank you.

Do we know where this full video is?

Listening to this 2yrs on - Russia is now clearly winning - Michael Hudson is prophetic about European elites being US poodles.