Debt Forgiveness Through Disaster Socialism

Michael Hudson argues that there are two ways for the capitalist economy to reduce its tailspin. Both solutions have to do with debt reduction. One solution is for debts to be forgiven through the Fed. The other is for them to be forgiven through a revolution, of which we are seeing the beginnings.

The Fed has been printing money to bail out the large corporations. Could they do the same for the mainstream? But is there a limit to how much money they print? As interviewer Ellen Brown asks, does the Federal Reserve have a balance sheet and a bottom line? Or can it print money infinitely?

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