Stalin
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- Apr 4, 2008
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Hello, everyone. We are very happy to invite back Michael Hudson and Professor Steve Keen to the David Graeber Institute. Steve Keen is an economist and author, one of the few who warned about the 2008 crisis in advance. He is known for his critique of mainstream neoclassical theory and his models of debt deflation and financial instability. Michael Hudson is an American economist and historian of debt at the University of Missouri, Kansas City. His work on finance, rent, and deindustrialization deeply influenced David Graeber’s own thinking on empire, tribute, and the politics of debt.
Today we will explore the deepening crisis and possible scenarios of how it might unfold, specifically in the context of the ongoing war, which increasingly resembles the Soviet invasion of Afghanistan — to me personally. My question to Michael and Steve is: inflation, hyperinflation, or deflation? Which scenario do they think will happen? We start with Michael Hudson.
michael-hudson.com
comrade stalin
mosc
Today we will explore the deepening crisis and possible scenarios of how it might unfold, specifically in the context of the ongoing war, which increasingly resembles the Soviet invasion of Afghanistan — to me personally. My question to Michael and Steve is: inflation, hyperinflation, or deflation? Which scenario do they think will happen? We start with Michael Hudson.
Inflation First, Deflation Next | Michael Hudson
Michael Hudson and Steve Keen explain how war, energy shocks and debt overload could trigger inflation in essentials, deflation across the wider economy and a deep global slump.
comrade stalin
mosc