Transcript can be found here: https://demystifysci.com/transcripts/2023/7/22/michael-hudson-on-debt-empires-oligarchs-and-a-more-perfect-state Dr. Michael Hudson is a professor of Economics at the University of Missouri Kansas City, political consultant, commentator, and journalist. His career has focused on the study of debt, both external and internal, with an eye on what happens when the exponentially growing debts of a society outstrip the profits from the real economy. In the second part of our conversation we talk about modern monetary theory, the path towards debt forgiveness, and the foundational rules of a more perfect society that is not getting devoured by the rentier class. Support the podcast by check out Dr. Hudson’s books through our amazon affiliate link: https://amzn.to/44F6J7n 00:00:00 Go! 00:01:01 Modern monetary theory 00:06:43 Patreon Ask 00:10:03 Devaluation of the currency 00:20:52 A functional government or a functional press 00:26:25 Only revolution cancels debt 00:29:28 What follows collapse? 00:39:36 Public Pensions and Ideological Suicide 00:50:26 Worker Ownership 01:01:49 Evolution or Revolution? 01:15:29 A good billionaire? 01:20:33 Closing thoughts Support the scientific revolution by joining our Patreon: https://bit.ly/3lcAasB Tell us what you think in the comments or on our Discord: https://discord.gg/MJzKT8CQub #economics #debt #civilization Check our short-films channel, @DemystifySci: https://www.youtube.com/c/DemystifyingScience AND our material science investigations of atomics, @MaterialAtomics https://www.youtube.com/@MaterialAtomics Join our mailing list https://bit.ly/3v3kz2S PODCAST INFO: Anastasia completed her PhD studying bioelectricity at Columbia University. When not talking to brilliant people or making movies, she spends her time painting, reading, and guiding backcountry excursions. Shilo also did his PhD at Columbia studying the elastic properties of molecular water. When he's not in the film studio, he's exploring sound in music. They are both freelance professors at various universities. - Blog: http://DemystifySci.com/blog - RSS: https://anchor.fm/s/2be66934/podcast/rss - Donate: https://bit.ly/3wkPqaD - Swag: https://bit.ly/2PXdC2y SOCIAL: - Discord: https://discord.gg/MJzKT8CQub - Facebook: https://www.facebook.com/groups/DemystifySci - Instagram: https://www.instagram.com/DemystifySci/ - Twitter: https://twitter.com/DemystifySci MUSIC: -Shilo Delay: https://g.co/kgs/oty671