Renegade Economists Show 163 As broadcast on 3CR – Dec 8th, 2010 Professor Michael Hudson delves through the murky world of economics, espionage and Wiki Leaks freedoms. The reference to Randall Wray re Bank of America is via neweconomics. Listen here Subscribe to the podcast

photo credit: JosephLeonardo Renegade Economists podcast Professor Michael Hudson discusses the G20 plans (austerity for prosperity), natural monopolies as wealth extracting machines and China’s possible isolationist future in light of its increasingly useless trade surplus. Listen here Music by Lucky Dragon

Tohm Curtis As per week #1, the assumptions are what make Economics the ‘School of Thumbs’. This week though in a Finance subject we looked at the ‘supply and demand’ model of interest rates. It was a curious exercise in skepticism vs. standardisation. Basically it said, that Money Supply and Money Demand are inversely related [...]

photo credit: hans s Michael Hudson As published in today’s Business Age Opinion section HIGHER land and house prices typically lead to an increased supply of housing. Yet at the peak of Australia’s perennial housing affordability crisis, the Housing Industry Association declared that there would be a 13 per cent fall in housing starts this [...]