our first guest today is michael hudson professor of economics at the university of missouri kansas city now dr hudson is all. so a sharp critic of what he considers is the rent seeking behavior which has become the dominant form of the world global financial markets now once upon a time governments regularly expunged debts to prevent the crisis and turmoil that over indebtedness ultimately causes but then came the romans and for them a debt was a debt was a debt no forgiveness there and since then it's become standard fare to enforce debt contracts even when they are totally and completely unpayable hudson now sees a parasitic financial industry that looks only to determine how much wealth they can extract there is an old adage debts that can't be repaid won't be repaid i asked dr hudson to explain what historically happened when private debts were too large to be repaid. there are a large range of scenarios for what happened when dust can't be paid for the first two thousand years from about four thousand b.c. to zero b.c. you had normally most debts owed by cultivator is on the land m

our first guest today is michael hudson professor of economics at the university of missouri kansas city now dr hudson is all. so a sharp critic of what he considers is the rent seeking behavior which has become the dominant form of the world global financial markets now once upon a time governments regularly expunged debts to prevent the crisis and turmoil that over indebtedness ultimately causes but then came the romans and for them a debt was a debt was a debt no forgiveness there and since then it's become standard fare to enforce debt contracts even when they are totally and completely unpayable hudson now sees a parasitic financial industry that looks only to determine how much wealth they can extract there is an old adage debts that can't be repaid won't be repaid i asked dr hudson to explain what historically happened when private debts were too large to be repaid. there are a large range of scenarios for what happened when deaths can't be paid for the first two thousand years from about four thousand b.c. to zero b.c. you had normally most debts owed by cultivator is on the land

our first guest today is michael hudson professor of economics at the university of missouri kansas city now dr hudson is all. so a sharp critic of what he considers is the rent seeking behavior which has become the dominant form of the world global financial markets now once upon a time governments regularly expunged debts to prevent the crisis and turmoil that over indebtedness ultimately causes but then came the romans and for them a debt was a debt was a debt no forgiveness there and since then it's become standard fare to enforce debt contracts even when they are totally and completely unpayable hudson now sees a parasitic financial industry that looks only to determine how much wealth they can extract there is an old adage debts that can't be repaid won't be repaid i asked dr hudson to explain what historically happened when private debts were too large to be repaid. there are a large range of scenarios for what happens when debts can't be paid for the first two thousand years from about four thousand b.c. to zero b.c. you had normally most debts owed by cultivator is on the land m

the one trillion dollar federal budget bill we'll tell you all about it coming right up then michael hudson professor of economics at the university of missouri along with gonzalo lira who joined me on today's show to talk about the history of debt and the old guard that they say is america today interesting stuff you won't want to miss it and in today's big deal ed harrison and i talked. and if you were to major wall street firm you know what i'm talking about yet you do it all starts right now.

well michael hudson the amazing gaffney and the them and fred harrison a few other economists have studied this they believe the land is about one third of the g.d.p. or a little bit more even and so if you do tax that and you want tax everything else that does provide enough revenue for a reasonably sized government. on this one officially of course how does georgism per that monopolization address wealthy individuals and corporations be able to outbid their less wealthy counterparts on the land. well basically the idea is that you wouldn't have so much absentee ownership and you wouldn't have hoarding of land because there's a price to pay for that you'd be paying the tax and if you don't use the land efficiently for example six to eight percent of new york city land is vacant according to the department of finance and depending i count it so if you don't use that efficiently then you know you're going to be paying a penalty essentially so there's and urban. crawlin and then suburban sprawl and it really puts people closer to the center and makes them use land more efficiently what it do

the one trillion dollars federal budget bill we'll tell you all about it coming right up then michael hudson professor of economics at the university of missouri along with gonzalo lira both join me on today's show to talk about the history of debt and the old darky that they say is america today interesting stuff you won't want to miss it and in today's big deal ed harrison and i talked to correlate naps and if you were to major wall street firm you know what i'm talking about yet you do it all starts right now.

tells you everything you need to know what we fact guests on the show catherine austin fits dr michael hudson and others who point to the fact that the dollar as world reserve currency is backed by guns because people say there's nothing intrinsically valuable about bitcoin and then the other side will say there's nothing intrinsically valuable about the dollar because the federal reserve is technically bankrupt it has many many many times more debts that it has anywhere near in assets and then they come back and say whoa what the pentagon has guns and of course much to the demise and chagrin of saddam hussein well market duffey all the tension in the middle east throughout the revolves around this idea of world reserve currency of the dollar backed by guns so here again paul krugman is suggesting that not only is the anti free markets but he's pro quo worsham violent coersion he's a stalinist in the sense in that you must you are going to course yourself into the american model of communism or we're going to take out our gone and shoot you he's a pull potus sensually of economic commentators

including buster posey, sergio romo, tim lincecum, it will be the fans' first chance to meet tim hudson and michael mors. >> nice to neat players. say hello, interact. hear some of the things coming on for the new season, who we signed. learn more what's going to happen. >> this has been wildly popular in the past. gates open at 10:00, it's free to the public. tomorrow will also be the first chance to buy single game tickets for the regular season. >> nice way to kick off the sport. >> good weather we think, right? fan fest? >> the sun will shine down on fan fest this year. scott and laura, and yeah, they had 20,000 people show up for that before. so count on a lot of company. and you do want to bring a sweater with you. it's going to be chilly. similar to what we expect today. starting out in the 40s, headed to the upper 50s to low 60s. we're counting on rain that scott was eleading to. i'm going to show you where and when we might get dumped on or nothing at all. it's a tricky system. i'm going to tell you all b. let's check your drive. here is mike inouye. >> an educated guess. here this is the

hudson institute. we're extremely honored today to have with us commissioner michael oh riley of the federal communications commission. before we start with commissioner oh riley. a couple of housekeeping matters. first of all, at the end of february, jeff lee of the hudson institute and i will be presenting a session on our preliminary research findings on measuring the contribution of the internet to various industry -- economic contribution to various industry using some new techniques we have. so we'll be announcing the date of that soon. second, for our online audience from c-span, welcome to the hudson institute. it if you have questions for our speaker today, please send them via twitter to@hudsoninstitute. we'll be incorporating those with other questions from our audience. it's my great pleasure and honor to introduce commissioner michael o- riley today. you can find his formal biography at the federal communications commission website. i will give you the informal biography, which is that commissioner o'riley and i were staff members today at the house commerce committee nearly 20 years ago. long

michael." today, the lovely and talented kate hudson. mindy project," mindy kaling. ision] announcer: now here are kelly ripa and michael strahan! [cheers and applause] ♪ [cheers and applause]

hudson institute here in washington, d.c. where shortly we will hear from the fcc's newest commissioner, michael o'reilly. he'll be giving his first public speech as commissioner. it's expected to get under way in about ten minutes or so. we'll have live coverage as soon as it starts. while we wait, show you a conversation with a journalist this morning on the chances of hillary clinton running for president. >> host: is there a planet hillary? maybe so, according to "the new york times" magazine's cover story out this sunday.lary this morning we're going the talk to the author, that's amy, she's a political reporter for "the new york times."ho hey, amy, thanks for being withr us this morning. >> guest: hi, thanks for having me. >> host: we're going to go back" to this coverage in just a second, but if you could just walk us through your story and tell us what you found about tho so-called clinton universe. >> guest: bill clinton in particular has been collecting people since kindergarten, and they all want to be heard, and they all have an interest in getting hillary clinton elected. in 2008 we saw that

michael riley. he spoke at the hudson institute. here are some of his remarks. >> said you were involved in , and most people when they read that provision are surprised that the court interpreted it the way they did we can you give us any color about what you thought 706 meant when it was originally written? what kind of voice you will have as they go forward in interpreting the boundaries of 706 authority? >> i do not want to say too much, because that is something we may or may not tackle going forward. i would suggest, and i hope mike all equal to or with the -- my colleague will convercur with me, i think it is a fair analysis, similar to what people would refer to as congressional finding. it's weight should be similar. the agency has a different opinion than the majority of the different opinion, and hopefully we can get back to the original meaning of the statute. i've difficulty with the court -- frankly it is somewhat of a it wastive of how written, when it was written, and who was writing it. a republicanok at house and r

michael o'reilly will discuss a topic at the hudson institute today.remarks live at noon eastern on the companion network, c-span3. senators mccain and chris murphy will talk about mobile security challenges. we will have that live for you starting at 4:15. tonight's a look at first lady's program. >> bill came right after graduating from yale in 1973. hillary clinton's career began right inside this building. professor as she taught classes such as criminal law, procedure, and the present project. -- wealthy,th educated law school grad that had worked in d.c. as part of the nixon campaign. >> first lady hillary clinton tonight at 9:00 eastern and c- span3. also, c-span radio. we posted a facebook question regarding hillary clinton. we want to know if you think she should run for president in 2015. good luck to the gop in 2014 after hillary second term. the meantime, john says no more clinton, no more bushes, red team, blue team please. log onto facebook where you can add your comments. >> as he stabilize the financial system, we also took steps to get

hudson institute. we are extremely honored today to have with this commissioner michael o'rielly of the federal communications commission. before we start with commissioner o'rielly just a couple of housekeeping matters. first of all at the end of february, jeff lee of the hudson institute and i will be presenting a session on preliminary research findings on measuring the contribution of the internet to various economic contribution industries using techniques that we have. so will be announcing the date of that soon. second, for our on line audience from c-span, welcome to the hudson institute. if you have questions for our speaker today, please send them via twitter to add hudson institute and we will be incorporating those questions with other questions from our audience. it is my great pleasure and honor to introduce commissioner michael o'rielly today. you can find his formal biography at the federal communications commission web site. i will give you the informal biography which is that commissioner o'rielly and i were staff members together at the house commerce committee nearly 20 years ago, longer t

hudson nolan jefferys. born in cleveland, ohio, june 14th. this picture was taken on the day he got to touch snow for the first time. his parents jennifer and michael say their son has already learned to flirt with the big blue eyes. >> and now on to baby born in royal oak, michigan. brooklyn marie carmichael about to celebrate her first birthday. her parents say their 5-year-old son brennan is already an amazing big brother and their daughter is the happiest baby in the world. >> next is little boy born in little rock, arkansas, named call leb rock allen. his name follows the tradition in the family. his parents names have five letters each in the first, middle and last name. >> our final baby johnson of the week is elliott alexander ellis. born in minnesota. on october 18th. hope i got that right. >> edina. >> okay. mom missy says he's a great baby. already sleeping through the night. can't believe he did that. she says his picture was taken the first time he played in the snow. >> congrats to all of our babies. if you want to submit your baby to be a baby of the week go to klgandhoda.com. >> i'm doing that next week. >> you know you have some ho

michael qualls planted the winning basket with less than a second to play. arkansas with the 87-85 victory. >>> and when we return, marking the anniversary of the miracle on the hudsonactor's showstopping displays of love for one of his castmates. >> announcer: sports sponsored by just for men autostop, the fool proof way to get rid of grey. . [ female announcer ] every box of general mills big g cereals can help your kids' school get extra stuff. they're the only cereals with box tops for education. you can raise money for your kids' school. look for this logo. only on big g cereals. you can make a difference. every cereal box counts. ♪ violin... hey, what are you doing? music lesson. he has to start sometime. [ bell rings ] ♪ music lesson? whoo! [ bell rings ] [ female announcer ] by their second kid, every mom is an expert and more likely to choose luvs than first time moms. and new luvs with nightlock offer our largest absorbent area ever. they lock away wetness better than huggies, even overnight. live, learn, and get luvs. already had to deal with a g one. what made this one even more difficult to deal with. unreleased video provides n insight into the chaos i