Michael Hudson — The New Junk Economics: From Democracy to Neoliberal Oligarchy on Guns and Butter

Summary: Guns and Butter - The New Junk Economics: From Democracy to Neoliberal Oligarchy "The New Junk Economics: From Democracy to Neoliberal Oligarchy" with financial economist and historian, Dr. Michael Hudson. We discuss the Federal Reserve; money as debt; Fed Chairman Ben Bernanke's misconception of the causes of the great depression of the 1930's; classical political economy versus anti-classical, so-called "neoclassical", economics; the labor theory of value; the dollar carry trade; government deficit spending; Greece. Download Michael Hudson's website is: http://www.michael-hudson.com Source: KPFA Guns & Butter Aired: 2/10/10 12:00 AMThis podcast is an aggregate of audio files freely available online. Please visit the original source and subscribe to the host website.