Friday, December 17, 2010

American Workers Beware: "...let's look at how Wall Street and the large corporations view of the economy. The object is to reduce their taxes by shifting the tax burden off finance, off industry, onto labor." -- Michael Hudson

Blogger's Recommendation: A MUST-WATCH!

December 16, 2010

Why Government is More Afraid of Debt than Depression

Michael Hudson: Deficit Hawks Want a One Two Punch Against the Economy

More at The Real News


Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971). ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East. Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law.

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