A Debt Jubilee is the Way to Avoid a Depression

Wall Street stocks plunged March 18 as the economic toll from the coronavirus mounts and economists warn of a deep recession. Michael Hudson, author of “… and forgive them their debts” and “Killing the Host,” is president of the Institute for the Study of Long-Term Economic Trends and is distinguished research professor of economics at … Continue reading A Debt Jubilee is the Way to Avoid a Depression

What do you think about Donald Trump’s statement “the homelessness phenomenon phenomenon started two years ago?”

Of course Trump is wrong about homelessness. Here he just makes up a narrative as he goes along which suits his purpose. His purpose is always to make himself look better by making others look worse in a zero-sum game of social status. This is how, in his mind at least, he constantly grows and … Continue reading What do you think about Donald Trump’s statement “the homelessness phenomenon phenomenon started two years ago?”