The Progressive Commentary Hour - US debt crisis and a new recession with Dr. Michael Hudson

Dr. Michael Hudson is one of our nation’s finest and most important economists and Wall Street financial analysts. Dr. Paul Craig Robert’s recently called him “the world’s best economist.” He is currently the President of The Institution for the Study of Long-Term Economic Trends, a distinguished research professor of economics at the University of Missouri, a professor of economics at Peking University in China,  and a research associate at the Levy Economics Institute at Bard College. He was the Chief Economic Policy Advisor for the Rep. Dennis Kucinich’s 2008 presidential campaign and has served as an adviser to the White House, State and Defense departments at the Hudson Institute, and the United Nations Institute.  Besides his renown as an economist, Michael is also an archaeologist of ancient Near Eastern civilizations and is an editor of the International Scholars Conference on Ancient Near Eastern Economies. He  has written many books and important papers and articles, including his most recent "And Forgive Them Their Debts: Lending, Foreclosure and Redemption from Bronze Age Finance to the Jubilee Year" which goes into a history of interest bearing debt beginning in earlier ancient civilizations and how solutions against predatory debt can be found in the past.His website is Michael-Hudson.com