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Michael Hudson for Treasury Secretary


2 responses to “Michael Hudson for Treasury Secretary

  1. Sunil Malhotra ⋅

    What Dr. Hudson says doesn’t sound like rocket science. So why is it taking so long for the Governments to understand the simple concept that debts must be written down to the ability to pay instead of wasting time trying to bail out criminal bankers and financial institutions?

  2. Sunil,

    I don’t have an answer to that. I don’t understand how American taxpayers can have an 80% share of AIG on the one hand, and them being too big to fail on the other.

    I guess there could be a pragmatic rationale at least in the American context. While the right on a philosophical level has a problem with both bailouts of the banks and consumers, they really only get excited about the latter.

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