The Balance of Payments Illusion: How America Makes Money Without Paying

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Michael Hudson explains how U.S. balance-of-payments accounting masks real money flows—military spending, “foreign aid,” transfer pricing, and rentier gains—letting America earn without paying. Alongside his host Karl Fitzgerald, they unpack dollar hegemony, GDP fictions, and what BRICS must do to break free.

Kategorija
Politics & economics & health
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