Moderate Rebels: What Is Causing So Much Inflation?

Economist Michael Hudson explains inflation crisis and Fed’s secretive $4.5 trillion bank bailout

Economist Michael Hudson discusses the global inflation crisis and how the US Federal Reserve quietly (and apparently illegally) bailed out big banks in 2019 with $4.5 trillion of emergency repo loans.

On today’s show host Ben Norton is joined by economist Michael Hudson to discuss the inflation crisis around the world.  In the US in 2021, there was inflation around 7%, and this has led to a lot of discussion about what is causing the inflation, and why there’s inflation.

Professor Hudson has pointed out for many years that inflation in the US and other countries is often measured in a very strange way that doesn’t include housing prices, and it also doesn’t include what he calls the FIRE sector: finance, insurance and real estate.

Also on this show’s agenda is a big story that went viral on social media published on the website Wall Street on Parade. It went so viral that the website actually went down, because it was being shared so much. The article is titled, “There’s a News Blackout on the Fed’s Naming of the Banks that Got Its Emergency Repo Loans; Some Journalists Appear to Be Under Gag Orders”  by Pam Martens and Russ Martens, published on January 3.

You can go to michael-hudson.com and check out his excellent articles and his books.

First published on the Substack page of Benjamin Norton.

View complete transcript on Michael-Hudson.com.

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