DISTINGUISHED RESEARCH PROFESSOR OF ECONOMICS, MICHAEL HUDSON, DESCRIBES BEN BERNANKE'S QE3 AS "BASICALLY A PROGRAM FOR THE FEDERAL RESERVE TO GIVE MONEY TO THE BANKS UNTIL BEETHOVEN WRITES HIS 10TH SYMPHONY. THERE IS NO CONNECTION TO EMPLOYMENT WHATSOEVER."

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September 23, 2012

Michael Hudson: QE3 Another Fed Give Away to the Banks

Shoveling money to the banks not meant to create jobs, it’s a way to give banks even more speculative capital and prepare them for another meltdown


Bio

Michael Hudson is a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971).