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Podcast: The DemystifySci Podcast
Episode: Who Debt Works For - Dr. Michael Hudson (Part 1/2)
Description: Dr. Michael Hudson is a professor of Economics at the University of Missouri Kansas City, a political consultant, commentator, and journalist. His career has focused on the study of debt, both external and internal, with an eye on what happens when the exponentially growing debts of a society outstrip the profits from the real economy. We talk about GDP is a false marker of prosperity, the growing influence of the rentier class, fantasies of joining the one percent, and why there’s never going to be another debt jubilee, even if it means the whole system has to fall ap...