Michael Hudson — "Reaganomics Sucked Wealth up, Did Not Trickle it Down" on The Real News Network (06 Feb 2011)

Michael Hudson — "Reaganomics Sucked Wealth up, Did Not Trickle it Down" on The Real News Network (06 Feb 2011)

Reaganomics Sucked Wealth Up; It Did Not 'Trickle Down' — 06 Feb 2011 — Michael Hudson casts a forensic economist's eye on the tax and regulatory changes enacted under Reagan that started the ball rolling for the owners of the FIRE sector (finance, insurance, real estate). The rich-get-richer free-for-all continued through the 1990s and 2000s and culminated in the banking and financial chaos we see today.

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Michael Hudson's website is: http://www.michael-hudson.com

Source: The Real News Network
Aired: 02/06/11 12:00 AM