Excitement of the 2020 elections every episode we dig deep into something new this time were going to look at the wealth tax stacy thats right were looking at all the economic policies being presented by the Democratic Candidates many of them are very radical Bernie Sanders says billionaires should not exist and to find out whether or not they should we have a guest with us dr Michael Hudson and professor steve keen steve well start with you 1st well i have a very complicated position on this because part of my research is into. Whats called the financial instability hypothesis that explains where the 2008 crosses came from out of that part of what i discovered from the Mathematical Modeling i did was this is a simple relationship between an increasing level of private debt and a full name out of money going to work because as you had a rising level of debt which is what led to a crossroads that rising level of debt meant a rising amount of money going to the bankers and rather than th
Resolve these issues in the far east and then roll it out to other regions house for the region beyond the rule you rules gene we are aware of the situation and so. Supportive measures prove demographics will be. Helping the families with. 3 or more children. But as for other support measures out of the. Mortgage with an Interest Rate of 2 percent well thats possible but we just need to 1st. Look at the consequences. That we will see in the far east when you need to look at the budget expenditure and then its very very decision. And if so where humans put in a lets move to the center here we have one of the legend of the russian giorno and kolesnik vonderen with yours always very modest bring your hand but its not a 1st here its inside yes this is commerce. Newspaper. And i have 2 questions which the Human Rights Council had a session recently and he has. Never before your member gary the names like the old man and lanyon and so on so forth. Well you said you were the nicknames thats r
The ones who paid for it in fact it was the work because there was a foreign income going to the workers now look at the Empirical Data thats whats happened as well the rausing level of profit did it has meant more money going to bankers list going to work because and capital is feeding in the middle how come this issue is so misunderstood by the democrats they dont they seem to be financially illiterate and this idea do we need billionaires should be really really phrased as where to billionaires come from other words how do you get billionaires thats right and it seems like theres a lot of area to examine in the Banking System in the central banking just im where they seem to have engineers if you well using what in economics is called the cantillon effect where central bank prince billions hundreds of billions and somehow it never circulates in the economy and it goes to the same peoples pockets all the time so word of billionaire is comparable to the question one way billionaires c
From running 2028 with me max kaiser and Stacy Herbert as we look ahead to all the excitement of the 2020 elections every episode we dig deep into something new this time were going to look at the wealth tax stacy thats right were looking at all the economic policies being presented by the Democratic Candidates many of them are very radical Bernie Sanders says billionaires should not exist and to find out whether or not they should we have a guest with us dr Michael Hudson and professor steve keen steve well start with you 1st well i have a very complicated position on this because part of my research is in to. Whats called the financial instability hypothesis that explains where the 2008 crosses came from out of that part of what i discovered from the Mathematical Modeling i did was this is a simple relationship between increasing level of private debt and a full name out of money going to work because as you have a rising level of debt which is what led to a crossroads that rising le
Russia. And featuring a lead role like youve never seen before. Because im here for that america which did the ends justify the means. Of putins witnesses starts december 13th on w. And ends to the trade war seems within reach sources say the United States and china have reached a deal in principle the agreement could stop an increasingly harmful spiral of tariffs and commentaries which have become a drag on world trade also on the Program Germany pushes back on a u. S. Bill to sanction companies building the north stream to pipeline which will transport natural gas from russia plus neither gave policy hard more in davos but a self declared i. The easy these new hit Christine Legarde on the rails a broad review of the institutions tools and goals that are 1st policy and gone out relies on imports to feed the countrys vast appetite for rice but now it wants to satisfy all domestic demand itself will be 3 years with a little help from some friends. Im going scoble welcome to the program