It being Easter Sunday, when Christians are supposed to celebrate Christ’s defeat of death (entropy) I thought it appropriate to share an awesome 1993 study by heterodox economist Michael Hudson I discovered two weeks ago: The Lost Tradition of Biblical Debt Cancellations (the link to the pdf file is near the bottom of the page, just above "books"). In my humble opinion, this document has the potential to undo centuries of damage done to Christianity and Judaism by oligarchs and usurers.

Especially in the context of the ongoing economic and financial crises, in which it is clear that we the people are being sacrificed to save a rotten and useless financial system – bailouts for Bear Stearns and Wall Street, but not foreclosed homeowners - Hudson’s study is very powerful. So first let me set the context.

(Crossposted at Docudharma)

I thought that a discussion of Hudson's book book would be pertinent in terms of recent discussions of indebtedness and in terms of Hudson's role in the run-up to next year's elections.  

Michael Hudson's site says he is "President of the Institute for the Study of Long-Term Economic Trends (ISLET), A Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Super Imperialism: The Economic Strategy of American Empire (1972 and 2003) and of The Myth of Aid (1971).

In 2007, Dr. Hudson has been appointed Chief Economic Policy Adviser for the Kucinich for President campaign and is writing a new tax policy for the United States.