Michael Hudson Interview: Public Banking Needed to Stop “Cannibalization” of the Economy

Great Interview with one of my favorite Economics Professors! The 64 Trillion $$ question is: HOW DO YOU PEACEFULLY REMOVE FINANCE AND MONEY CREATION FROM PRIVATE HANDS TO PUBLIC ONES? AND DO IT WITHOUT WRECKING THE ECONOMY OR LARGE SECTORS OF INNOCENT CITIZENS OR BONDHOLDERS? AND THEN YOU MUST SELL THE SOLUTION TO A CONFUSED, BRAINWASHED PUBLIC! No small feats indeed. Jere

Public Banking

www.therealnews.com • March 29, 2013

Watch Michael Hudson’s interview with Paul Jay of The Real News Network.

Michael Hudson: As long as finance is left in private hands, you’re going to have austerity and America ending up looking like Greece and Ireland.

Read the transcript here.
Watch the video here.

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