A More Perfect State - Dr. Michael Hudson (Part 2/2)

Dr. Michael Hudson is a professor of Economics at the University
of Missouri Kansas City, 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. In the second part of our conversation we
talk about modern monetary theory, the path towards debt
forgiveness, and the foundational rules of a more perfect society
that is not getting devoured by the rentier class. Support the
podcast by check out Dr. Hudson’s books through our amazon
affiliate link: https://amzn.to/44F6J7n00:00:00 Go! 00:01:01
Modern monetary theory 00:06:43 Patreon Ask 00:10:03 Devaluation
of the currency 00:20:52 A functional government or a functional
press 00:26:25 Only revolution cancels debt 00:29:28 What follows
collapse? 00:39:36 stumble - Public Pensions and Ideological
Suicide 00:50:26 Worker Ownership 01:01:49 Evolution or
Revolution? 01:15:29 A good billionaire? 01:20:33 Closing
thoughts Support the scientific revolution by joining our
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did his PhD at Columbia studying the elastic properties of
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