Tag Archives: Michael Hudson

Counterpunch Michael Hudson Doesn’t Understand History Of Financing Wars

History is a difficult study.  People love to read and think about history but also edit it so it obeys various ideological rules.  This way, one can read history and learn nothing.  When I read people’s examinations about ‘money’ and ‘capital’ and ‘labor’ it is quite clear the US prohibition against reading Karl Marx has taken a huge toll on our collective ability to figure out what are essentially simple concepts.  Instead, I see on the ‘left’ calls for printing and distributing paper money and on the right, tax evasion, a refusal to fund the government and an inability to understand how sovereign wealth operates. Continue reading

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