In this episode, Jonathan interviews renowned economist Michael Hudson. The discussion was initially intended to celebrate the 17th anniversary of 'The Secret Life of Real Estate and Banking by Phil Anderson, but it quickly evolved into a broader exploration of today's real estate landscape.

Michael shares his insights on the transformation of real estate, especially the shift towards absentee ownership and the growing control by financial institutions. He also delves into personal experiences with corruption in New York's real estate market and discusses the broader economic impacts driven by financial cycles rather than traditional real estate cycles.

Buy the books:

The Secret Life of Real Estate and Banking:

https://shepheardwalwyn.com/product/the-secret-life-of-real-estate-and-banking/

A Philosophy For A Fair Society:

https://shepheardwalwyn.com/product/a-philosophy-for-a-fair-society-2nd-edition/

or find Michael on www.michael-hudson.com