Miscellaneous
Facing the Covid-19 pandemic, the US Congress rammed through the CARES Act — which economist Michael Hudson explains is not a "bailout" but a massive, $6 trillion giveaway to Wall Street, banks, large corporations, and stockholders. Max Blumenthal and Ben Norton discuss the systemic financial scam with Hudson, who shows how the economy actually works, with the Federal Reserve printing money so rich elites don't lose their investments. Michael Hudson's website: michael-hudson.com PART 1 OF 2 (Interview recorded on April 13, 2020)