Nothing could be better for the economy than to get rid of fracking. — Michael Hudson Copy Share Image
The economy is being run primarily by the banks for their own interest. — Michael Hudson Banks Copy Share Image
To save the banks, you would have to turn the entire Eurozone into Greece. — Michael Hudson Europe Copy Share Image
Actually, high housing prices don't help the economy. They raise the cost of living. — Michael Hudson Copy Share Image
I think the less fracking there is, the better it is for the economy and society. — Michael Hudson Climate Copy Share Image
If you end internet neutrality and permit mergers of the big information technology corporations, that's a form of rent seeking. It's part… — Michael Hudson Information technology Copy Share Image
We're still in the collapse that began after 2008. There's not a new collapse, there hasn't been a recovery. — Michael Hudson Collapse Copy Share Image
Money is not a factor of production. But in order to have access to credit, in order to get money, in order… — Michael Hudson Credit Copy Share Image
Inflation usually helps the economy at large, but not the 1% if wages rise. So the 1% says that it is terrible. — Michael Hudson Customer Copy Share Image
That's the "magic" of double-taxation treaties: you can shop around for the lowest taxer. — Michael Hudson Copy Share Image
The vast majority of $100 bills are abroad, not in the United States. So yes, of course there's a use here but… — Michael Hudson Copy Share Image
Debtors will seek to cancel their debts. Creditors will try to collect, and the more they succeed, the more they will impoverish… — Michael Hudson Creditors Copy Share Image
When we say "people worry" about inflation, it's mainly bondholders that worry. The labor force benefitted from the inflation of the '50s,… — Michael Hudson Customer Copy Share Image
Deflation is a leakage from this circular flow, to pay banks and the real estate, called the FIRE sector - finance, insurance… — Michael Hudson Customer Copy Share Image
When economists speak of money, they neglect that all money and credit is debt. That is the essence of bookkeeping and accounting.… — Michael Hudson Balance Copy Share Image
The result of this anti-classical revolution you had just before World War I was that today, almost all the economic growth in… — Michael Hudson Copy Share Image
When you say "bank," a bank is a building, a set of computers and chairs and things. The bankers are the people… — Michael Hudson Copy Share Image
If bankers can push the loans and make more profits for the bank, they get paid higher bonuses. They often also get… — Michael Hudson Copy Share Image
Throughout history, the only way of restoring stability is to write down the debts. That is treated now as if it's something… — Michael Hudson Copy Share Image
Wages for the ninety-nine percent have gone down, steadily, since 2008. They've gone down especially for the bottom twenty-five percent of the… — Michael Hudson Blue Copy Share Image
To save the banks from making losses that would wipe out their net worth, you'll have to get rid of Social Security.… — Michael Hudson Copy Share Image
“Whom the gods would destroy, they first make mad.” And if they would destroy economies, they first create a wealthy class on… — Michael Hudson Human nature Copy Share Image
You'll have to have the governments sell off all of their public domains; sell off their railroads, sell off their public land.… — Michael Hudson Clock Copy Share Image
That's why Apple, Microsoft and the big information technology companies have kept so much money registered abroad (although in US dollar accounts… — Michael Hudson Copy Share Image
“Bankers are seeking to capture government and make financial policy immune from democratic choice. What promised to be a progressive social democratic… — Michael Hudson Europe Copy Share Image
Everyone from Adam Smith, John Stewart Mill, they were all reforms. What they wanted to reform was getting rid of this parasitic… — Michael Hudson Landlord Copy Share Image
Most of these charges that people pay are economically unnecessary. There's no real cost behind them. There's no real value behind them.… — Michael Hudson Economist Copy Share Image
What do the 5%, or the 1% actually use their money for? They lend it back to the economy at large, they… — Michael Hudson Copy Share Image
The underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or… — Michael Hudson Collapse Copy Share Image
“Just as the drivers in Gatsby and Bonfire responsible for crashes left others to bear the blame, so the One Percent seeks… — Michael Hudson Motivation Copy Share Image
On the flat tax, the more you compress the tax rates, the more you untax where the income is really made, at… — Michael Hudson Flat tax Copy Share Image
The companies aren't hiring, because consumers don't have enough money to buy the goods and services. — Michael Hudson Company Copy Share Image
Europe is acting in a very self-destructive manner, but is doing so because it's trying to be loyal to the United States. — Michael Hudson Acting Copy Share Image
Basically, unless you're willing to write down debts and save the economy, you're going to have deflation and a steady drain in… — Michael Hudson Customer Copy Share Image
Most of the European leaders look at themselves as having to follow the United States, because if the US opposes them, there… — Michael Hudson Change Copy Share Image
Europe is creating the flight of refugees that's tearing it apart politically, and leading rightwing nationalist parties to gain power to withdraw… — Michael Hudson Creating Copy Share Image
If the economy is growing, people want to employ more workers. If you hire more labor, wages go up. — Michael Hudson Economics Copy Share Image
The United States Government has fought against creation of an international court to adjudicate the ability of national economies to pay debts. — Michael Hudson Ability Copy Share Image
There really isn't a recovery, and no signs of it on the horizon, because people have to pay the banks. It's a… — Michael Hudson Banks Copy Share Image
A bubble is only called that after it bursts, after the insiders get out, leaving the pension funds and small investors, Canadians… — Michael Hudson Copy Share Image
