“Blood and power intoxicate; they help to develop callousness and debauchery. The mind then becomes capable of the most abnormal cruelty, which it regards pleasure; the man and the citizen are swallowed up in the tyrant; and the return to human dignity, repentance, moral resurrection, becomes almost impossible."
Fyodor Dostoevsky, The House of the Dead
14 April 2012
Michael Hudson: Debt: The Politics and Economics of Restructuring
I have been watching the presentations from the New Economic Thinking's (INET) Paradigm Lost Conference in Berlin.
Here is Michael Hudson's talk on Debt and Restructuring from April 13, 2012