The monetary region has succeeded in depicting itself as a part of the effective financial system, but for hundreds of years banking was once well-known as being parasitic. The essence of parasitism isn't just to empty the host’s nourishment, but in addition to bland the host’s mind in order that it doesn't realize that the parasite is there.
This is the semblance that a lot of Europe and the USA undergo lower than this present day. the purpose of this e-book is to pierce this phantasm and change junk economics with economics in accordance with fact. In Killing the Host, Michael Hudson argues that monetary crises will proceed except we appreciably remodel our fiscal and political buildings, and reclaim the simplest rules of classical economics.
Ominous, but clear-eyed and prophetic, Hudson presents possible suggestions to our fiscal difficulties, at a time whilst politicians have proven themselves not able to appreciate our economic system less repair it.