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There is a new school of economic thought. Well, it’s arguably new. John Maynard Keynes made passing reference to what might be its early ancestor in his book on money. It’s called modern monetary theory.

Thom’s Guest: Michael Hudson, President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971).

Take a look at Michael Hudson’s website.

SONALI KOLHATKAR IS ON MATERNITY LEAVE.