Michael Hudson - Temples of Enterprise
American Monetary Institute American Monetary Institute
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 Published On Jan 30, 2024

In the "Temples of Enterprise" presentation, monetary historian Michael Hudson challenges traditional economic notions of the origins of money, emphasizing the historical significance of debt cancellation. Hudson explores ancient civilizations' debt forgiveness practices, arguing rulers canceled debts to control economic surpluses and prevent population bondage to creditors. Hudson discusses how he and Stephen Zarlenga, starting in the 1990s, challenged the benevolence of the banking system and barter theory in the origins of money. Hudson's recent works "The Collapse of Antiquity," "Temples of Enterprise, " and "The Destiny of Civilization" Hudson advocates for a comprehensive approach to address economic inequality and unearned income, drawing parallels between ancient struggles and current issues. He underscores the importance of debt forgiveness throughout history.

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