American economist, professor of economics at the University of Missouri in Kansas City, researcher at the Levy Institute for Economics at Bard College, former Wall Street analyst, well-known political consultant and journalist Michael Huckleberry Hudson is one of the few American economists who did not want to fit into the modern liberal mainstream. He is recognized as one of twelve economists who successfully predicted the 2008 mortgage crisis. Hudson devoted his scientific career to the study of loans: both internal (loans, mortgages, interest-bearing securities) and external. For almost half a century, he has consistently defended the idea that such loans always restrain the development of the borrowing country, and loans and exponentially growing debts that outstrip the profit from the "real economy" are disastrous for the borrowing state. Although the author in his works speaks of Western countries, their content directly applies to Russia. Figuratively speaking, if the American economy, according to Michael Hudson, is one meter from the abyss, then the liberal economy of Russia is five. Numerous Hudson books have been repeatedly published in the United States, translated into foreign languages, but none of them have been translated into Russian to date and have not been published in Russia.