Michael Hudson is research professor of Economics at University of Missouri, Kansas City (UMKC) and a research associate at the Levy Economics Institute of Bard College.He is also a Wall Street analyst and consultant as well as president of The Institute for the Study of Long-term Economic Trends (ISLET) and a founding member of International Scholars Conference on Ancient Near Eastern Economies (ISCANEE).Hudson has also been economic advisor to the U.S., Canadian, Mexican, Malaysian,Chinese and Russian governments, and to the United Nations Institute for Training and Research (UNITAR)
His forthcoming book, The Fictitious Economy, tries to explain to general readers how a corrosive bubble economy is replacing industrial capitalism via debt-financed, asset price inflation with the main purpose of increasing balance-sheet net worth, benefiting a select few while spreading risk among the general population.
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