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Robinson's Podcast

Robinson's Podcast

294 - Michael Hudson: Iran, Oil, and Global Depression

Sep 28, 2026 · 2h 2m

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About this episode

Michael Hudson is Distinguished Research Professor of Economics at the University of Missouri, Kansas City and President of the Institute for the Study of Long-Term Economic Trends. He researches domestic and international finance, economic history, and the role of debt in shaping economies and societies. In this episode, Michael and Robinson discuss the war in Iran and Michael’s prediction that it will cause a global depression. More particularly, they talk about oil and the Strait of Hormuz, which countries Michael thinks will suffer most, his skepticism about the changes the 2026 elections can deliver, and his criticisms of how economists describe the American economy. They also discuss…