Paper presented at Valdai Club (Russia).
Michael Hudson — On Finance, Real Estate And The Powers Of Neoliberalism
Moving Beyond Dollar Hegemony
Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University
2 comments:
"And this is happening not only because the United States has lost its hegemony, but also due to the enormous currency issue by the US Federal Reserve which, in the last few months alone, has slashed the value of the dollar against the basket of major currencies by 15 percent."
I stopped reading right there. This is ridiculous. These guys are no different than morons like Peter Schiff.
“ We begin with a theoretical outline of how money operates under capitalism. ”
Textbook Art degree 101, start with the theory first…. then look for evidence that supports your theory…
Nooooobody technically competent does this…
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