We’re told that debt forgiveness is impossible, because all debts must be paid, and to do the opposite is to invite anarchy and chaos. But what if none of it was true? Renowned economist Michael Hudson tells Branko Marcetic on New Zealand’s 1/200 podcast about the debt jubilees of the ancient world, how Jesus preached debt forgiveness, and how the finance sector has become a parasite feeding off the productive parts of the economy.
Transcript
Okay, welcome everyone to another episode of 1 of 200, the New Zealand and international politics podcast. I am very excited about today’s episode, we have a brilliant guest. His name is Michael Hudson. He is an economist. He is a professor of economics at the University of Missouri Kansas City, and a research associate at the Levy Economics Institute at Bard College, as well as being a former Wall Street analyst. He’s written many, many brilliant books, including the one that I’m going to talk to him today about largely, it’s called …and Forgive Them their Debts: Lending, Foreclosure and Redemption from Bronze Age Finance to Jubilee Year. Michael, how are you going?
Pretty good.
Great, great to have you. Well, you know, look, let’s get straight into it. I think it’s such a fascinating book, because of what it tells us about our own history as a species
— source michael-hudson.com | Michael Hudson | Jan 7, 2022