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Michael Hudson: The Long Trajectory of Debt Dynamics, Aristocracies, War Finance and Wealth Destruction

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Yves here. Michael Hudson, in a recent talk with Glenn Diesen, gives a sweeping historical view of purported democracies and how debt dyanamics not only hurt borrowers ben eventually even lenders too, Hudson also provides fascinating detail such as the role of the Catholic Church in developing war finance. Glenn Diesen: Welcome back everyone. Professor Michael Hudson joins us today and I would recommend that everyone follows his work as well as his own website, and I’ve left a link in the description. So it’s great to see you again. Michael Hudson: It’s good to be back here. Glenn Diesen:…

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