--- title: "12 Goods and services Quotes By Michael Hudson" description: "12 Goods and services quotes by Michael Hudson. Plus more from Michael Hudson and more Goods and services sayings from other authors." image: "https://sms4smile.com/quotes/i/3fa/michael-hudson-2134_debt_paying-debt-service-to-banks-leaves-less_599574.png" --- > [Paying debt service to banks leaves less income to buy goods and services.](https://sms4smile.com/quotes/michael-hudson/paying-debt-service-to-banks-leaves-less-income-to-buy-goods-and/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) [Image](https://sms4smile.com/quotes/i/3fa/michael-hudson-2134_debt_paying-debt-service-to-banks-leaves-less_599574.png) > [The companies aren't hiring, because consumers don't have enough money to buy the goods and services.](https://sms4smile.com/quotes/michael-hudson/the-companies-aren-t-hiring-because-consumers-don-t-have-enough-money/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) [Image](https://sms4smile.com/quotes/i/0f3/michael-hudson-2134_company_the-companies-aren-t-hiring-because-cons_2656534.png) > [Deflation is a leakage from this circular flow, to pay banks and the real estate, called the FIRE sector - finance, insurance…](https://sms4smile.com/quotes/michael-hudson/deflation-is-a-leakage-from-this-circular-flow-to-pay-banks-and-the/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) [Image](https://sms4smile.com/quotes/i/619/michael-hudson-2134_customer_deflation-is-a-leakage-from-this-circula_1109869.jpg) > [More and more money is being extracted from of the production and consumption economy to pay the FIRE sector. That's what causes…](https://sms4smile.com/quotes/michael-hudson/more-and-more-money-is-being-extracted-from-of-the-production-and/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) [Image](https://sms4smile.com/quotes/i/a39/michael-hudson-2134_causes_more-and-more-money-is-being-extracted-f_869156.jpg) > [Debt deflation is when there's less money that people have to spend out of their paychecks on goods and services, because they're…](https://sms4smile.com/quotes/michael-hudson/debt-deflation-is-when-there-s-less-money-that-people-have-to-spend/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) [Image](https://sms4smile.com/quotes/i/078/michael-hudson-2134_customer_debt-deflation-is-when-there-s-less-mone_3141176.png) > [Today, people are having to spend so much of their money, to acquire a house and to get an education that they…](https://sms4smile.com/quotes/michael-hudson/today-people-are-having-to-spend-so-much-of-their-money-to-acquire-a/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) [Image](https://sms4smile.com/quotes/i/bda/michael-hudson-2134_acquire_today-people-are-having-to-spend-so-much_477531.png) > [As you have to pay more interest and amortization on what you owe, you're left with less and less money to buy…](https://sms4smile.com/quotes/michael-hudson/as-you-have-to-pay-more-interest-and-amortization-on-what-you-owe-you/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) [Image](https://sms4smile.com/quotes/i/400/michael-hudson-2134_debt_as-you-have-to-pay-more-interest-and-amo_2206499.png) > [People have to pay so much money to the banks that they don't have enough money to buy the goods and services…](https://sms4smile.com/quotes/michael-hudson/people-have-to-pay-so-much-money-to-the-banks-that-they-don-t-have/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) [Image](https://sms4smile.com/quotes/i/904/michael-hudson-2134_banks_people-have-to-pay-so-much-money-to-the_2405611.png) > [What do the 5%, or the 1% actually use their money for? They lend it back to the economy at large, they…](https://sms4smile.com/quotes/michael-hudson/what-do-the-5-or-the-1-actually-use-their-money-for-they-lend-it-back/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) [Image](https://sms4smile.com/quotes/i/470/michael-hudson-2134_bottom_what-do-the-5-or-the-1-actually-use-thei_639232.jpg) > [This is not really currency that circulates. It's like the old joke about expensive vintage wine. Wine prices will go up and…](https://sms4smile.com/quotes/michael-hudson/this-is-not-really-currency-that-circulates-it-s-like-the-old-joke/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) [Image](https://sms4smile.com/quotes/i/db2/michael-hudson-2134_answers_this-is-not-really-currency-that-circula_10238.png) > [Most people think of the economy as producing goods and services and paying labor to buy what it produces. But a growing…](https://sms4smile.com/quotes/michael-hudson/most-people-think-of-the-economy-as-producing-goods-and-services-and/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) [Image](https://sms4smile.com/quotes/i/a8e/michael-hudson-2134_assets_most-people-think-of-the-economy-as-prod_3204646.jpg) > [If you have to pay about forty to forty-three percent of your income for housing, you also have to pay fifteen percent…](https://sms4smile.com/quotes/michael-hudson/if-you-have-to-pay-about-forty-to-forty-three-percent-of-your-income/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) [Image](https://sms4smile.com/quotes/i/4fc/michael-hudson-2134_cards_if-you-have-to-pay-about-forty-to-forty_1661965.png) ## More by Michael Hudson > [Europe is creating the flight of refugees that's tearing it apart politically, and leading rightwing nationalist parties to gain power to withdraw from the…](https://sms4smile.com/quotes/michael-hudson/europe-is-creating-the-flight-of-refugees-that-s-tearing-it-apart/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [This is not really currency that circulates. It's like the old joke about expensive vintage wine. Wine prices will go up and once in…](https://sms4smile.com/quotes/michael-hudson/this-is-not-really-currency-that-circulates-it-s-like-the-old-joke/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.](https://sms4smile.com/quotes/michael-hudson/nobody-prefers-to-earn-income-any-more-because-that-s-taxable-rich/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Nothing could be better for the economy than to get rid of fracking.](https://sms4smile.com/quotes/michael-hudson/nothing-could-be-better-for-the-economy-than-to-get-rid-of-fracking/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [If you end internet neutrality and permit mergers of the big information technology corporations, that's a form of rent seeking. It's part of today's…](https://sms4smile.com/quotes/michael-hudson/if-you-end-internet-neutrality-and-permit-mergers-of-the-big/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening…](https://sms4smile.com/quotes/michael-hudson/deflation-means-a-slowdown-of-income-growth-markets-shrink-new/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [What's bad for the frackers usually is good for the rest of the world.](https://sms4smile.com/quotes/michael-hudson/what-s-bad-for-the-frackers-usually-is-good-for-the-rest-of-the-world/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [You could say that the vote to withdraw from Europe is, it's really a vote of the British middle class, the working class, to…](https://sms4smile.com/quotes/michael-hudson/you-could-say-that-the-vote-to-withdraw-from-europe-is-it-s-really-a/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Actually, high housing prices don't help the economy. They raise the cost of living.](https://sms4smile.com/quotes/michael-hudson/actually-high-housing-prices-don-t-help-the-economy-they-raise-the/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [When economists speak of money, they neglect that all money and credit is debt. That is the essence of bookkeeping and accounting. There are…](https://sms4smile.com/quotes/michael-hudson/when-economists-speak-of-money-they-neglect-that-all-money-and-credit/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [The United States and Europe are in a state of debt deflation, where people and businesses have to pay banks instead of spending their…](https://sms4smile.com/quotes/michael-hudson/the-united-states-and-europe-are-in-a-state-of-debt-deflation-where/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [On the flat tax, the more you compress the tax rates, the more you untax where the income is really made, at the top…](https://sms4smile.com/quotes/michael-hudson/on-the-flat-tax-the-more-you-compress-the-tax-rates-the-more-you/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Income is sucked upward to the creditors, who then foreclose on the assets of debtors. This shrinks tax revenue, forcing public budgets into deficit.…](https://sms4smile.com/quotes/michael-hudson/income-is-sucked-upward-to-the-creditors-who-then-foreclose-on-the/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Debtor countries may postpone the inevitable by borrowing from the IMF or U.S. Treasury to buy out bondholders. This saves the latter from taking…](https://sms4smile.com/quotes/michael-hudson/debtor-countries-may-postpone-the-inevitable-by-borrowing-from-the/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [No price is too high to pay to try to make the financial system go on a little bit longer. But ultimately it can't…](https://sms4smile.com/quotes/michael-hudson/no-price-is-too-high-to-pay-to-try-to-make-the-financial-system-go-on/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/goods-and-services/michael-hudson/#itemlist", "name": "12 Goods and services Quotes By Michael Hudson", "numberOfItems": 12, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "Paying debt service to banks leaves less income to buy goods and services.", "creator": { "@type": "Person", "name": "Michael Hudson" }, "url": "https://sms4smile.com/quotes/michael-hudson/paying-debt-service-to-banks-leaves-less-income-to-buy-goods-and/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/3fa/michael-hudson-2134_debt_paying-debt-service-to-banks-leaves-less_599574.png", "contentUrl": "https://sms4smile.com/quotes/i/3fa/michael-hudson-2134_debt_paying-debt-service-to-banks-leaves-less_599574.png", "url": "https://sms4smile.com/quotes/i/3fa/michael-hudson-2134_debt_paying-debt-service-to-banks-leaves-less_599574.png", "width": 1080, "height": 1080, "caption": "“Paying debt service to banks leaves less income to buy goods and services.” — Michael Hudson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "The companies aren't hiring, because consumers don't have enough money to buy the goods and services.", "creator": { "@type": "Person", "name": "Michael Hudson" }, "url": "https://sms4smile.com/quotes/michael-hudson/the-companies-aren-t-hiring-because-consumers-don-t-have-enough-money/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/0f3/michael-hudson-2134_company_the-companies-aren-t-hiring-because-cons_2656534.png", "contentUrl": "https://sms4smile.com/quotes/i/0f3/michael-hudson-2134_company_the-companies-aren-t-hiring-because-cons_2656534.png", "url": "https://sms4smile.com/quotes/i/0f3/michael-hudson-2134_company_the-companies-aren-t-hiring-because-cons_2656534.png", "width": 1080, "height": 1080, "caption": "“The companies aren't hiring, because consumers don't have enough money to buy the goods and services.” — Michael Hudson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "Deflation is a leakage from this circular flow, to pay banks and the real estate, called the FIRE sector - finance, insurance and real estate. These transfer payments leave less and less of the paycheck to be spent on goods and services, so markets shrink.", "creator": { "@type": "Person", "name": "Michael Hudson" }, "url": "https://sms4smile.com/quotes/michael-hudson/deflation-is-a-leakage-from-this-circular-flow-to-pay-banks-and-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/619/michael-hudson-2134_customer_deflation-is-a-leakage-from-this-circula_1109869.jpg", "contentUrl": "https://sms4smile.com/quotes/i/619/michael-hudson-2134_customer_deflation-is-a-leakage-from-this-circula_1109869.jpg", "url": "https://sms4smile.com/quotes/i/619/michael-hudson-2134_customer_deflation-is-a-leakage-from-this-circula_1109869.jpg", "width": 1080, "height": 1080, "caption": "“Deflation is a leakage from this circular flow, to pay banks and the real estate, called the FIRE sector…” — Michael Hudson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 4, "item": { "@type": "Quotation", "text": "More and more money is being extracted from of the production and consumption economy to pay the FIRE sector. That's what causes debt deflation and shrinks markets. If you pay the banks, you have less to spend on goods and services.", "creator": { "@type": "Person", "name": "Michael Hudson" }, "url": "https://sms4smile.com/quotes/michael-hudson/more-and-more-money-is-being-extracted-from-of-the-production-and/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a39/michael-hudson-2134_causes_more-and-more-money-is-being-extracted-f_869156.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a39/michael-hudson-2134_causes_more-and-more-money-is-being-extracted-f_869156.jpg", "url": "https://sms4smile.com/quotes/i/a39/michael-hudson-2134_causes_more-and-more-money-is-being-extracted-f_869156.jpg", "width": 1080, "height": 1080, "caption": "“More and more money is being extracted from of the production and consumption economy to pay the FIRE…” — Michael Hudson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 5, "item": { "@type": "Quotation", "text": "Debt deflation is when there's less money that people have to spend out of their paychecks on goods and services, because they're paying the FIRE sector. Oil going down is a function of the supply and demand of oil in the market. It's a separate phenomenon.", "creator": { "@type": "Person", "name": "Michael Hudson" }, "url": "https://sms4smile.com/quotes/michael-hudson/debt-deflation-is-when-there-s-less-money-that-people-have-to-spend/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/078/michael-hudson-2134_customer_debt-deflation-is-when-there-s-less-mone_3141176.png", "contentUrl": "https://sms4smile.com/quotes/i/078/michael-hudson-2134_customer_debt-deflation-is-when-there-s-less-mone_3141176.png", "url": "https://sms4smile.com/quotes/i/078/michael-hudson-2134_customer_debt-deflation-is-when-there-s-less-mone_3141176.png", "width": 1080, "height": 1080, "caption": "“Debt deflation is when there's less money that people have to spend out of their paychecks on goods and…” — Michael Hudson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 6, "item": { "@type": "Quotation", "text": "Today, people are having to spend so much of their money, to acquire a house and to get an education that they don't have enough to spend on goods and services, except by running into yet more debt on their credit cards and other borrowings.", "creator": { "@type": "Person", "name": "Michael Hudson" }, "url": "https://sms4smile.com/quotes/michael-hudson/today-people-are-having-to-spend-so-much-of-their-money-to-acquire-a/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/bda/michael-hudson-2134_acquire_today-people-are-having-to-spend-so-much_477531.png", "contentUrl": "https://sms4smile.com/quotes/i/bda/michael-hudson-2134_acquire_today-people-are-having-to-spend-so-much_477531.png", "url": "https://sms4smile.com/quotes/i/bda/michael-hudson-2134_acquire_today-people-are-having-to-spend-so-much_477531.png", "width": 1080, "height": 1080, "caption": "“Today, people are having to spend so much of their money, to acquire a house and to get an education that…” — Michael Hudson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 7, "item": { "@type": "Quotation", "text": "As you have to pay more interest and amortization on what you owe, you're left with less and less money to buy goods and services - unless you borrow even more and go further into debt.", "creator": { "@type": "Person", "name": "Michael Hudson" }, "url": "https://sms4smile.com/quotes/michael-hudson/as-you-have-to-pay-more-interest-and-amortization-on-what-you-owe-you/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/400/michael-hudson-2134_debt_as-you-have-to-pay-more-interest-and-amo_2206499.png", "contentUrl": "https://sms4smile.com/quotes/i/400/michael-hudson-2134_debt_as-you-have-to-pay-more-interest-and-amo_2206499.png", "url": "https://sms4smile.com/quotes/i/400/michael-hudson-2134_debt_as-you-have-to-pay-more-interest-and-amo_2206499.png", "width": 1080, "height": 1080, "caption": "“As you have to pay more interest and amortization on what you owe, you're left with less and less money to…” — Michael Hudson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 8, "item": { "@type": "Quotation", "text": "People have to pay so much money to the banks that they don't have enough money to buy the goods and services they produce. So there's not much new investment, there's not new employment (except minimum-wage \"service\" jobs), markets are shrinking, and people are defaulting. So many companies can't pay their banks.", "creator": { "@type": "Person", "name": "Michael Hudson" }, "url": "https://sms4smile.com/quotes/michael-hudson/people-have-to-pay-so-much-money-to-the-banks-that-they-don-t-have/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/904/michael-hudson-2134_banks_people-have-to-pay-so-much-money-to-the_2405611.png", "contentUrl": "https://sms4smile.com/quotes/i/904/michael-hudson-2134_banks_people-have-to-pay-so-much-money-to-the_2405611.png", "url": "https://sms4smile.com/quotes/i/904/michael-hudson-2134_banks_people-have-to-pay-so-much-money-to-the_2405611.png", "width": 1080, "height": 1080, "caption": "“People have to pay so much money to the banks that they don't have enough money to buy the goods and…” — Michael Hudson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "What do the 5%, or the 1% actually use their money for? They lend it back to the economy at large, they load it down with debt. They make their money by lending to the bottom 95%, or the bottom 99%. When you give them more after-tax income, it enables them to buy even more control of government, even more control of election campaigns. They're not going to spend this money back into the goods-and-services economy.", "creator": { "@type": "Person", "name": "Michael Hudson" }, "url": "https://sms4smile.com/quotes/michael-hudson/what-do-the-5-or-the-1-actually-use-their-money-for-they-lend-it-back/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/470/michael-hudson-2134_bottom_what-do-the-5-or-the-1-actually-use-thei_639232.jpg", "contentUrl": "https://sms4smile.com/quotes/i/470/michael-hudson-2134_bottom_what-do-the-5-or-the-1-actually-use-thei_639232.jpg", "url": "https://sms4smile.com/quotes/i/470/michael-hudson-2134_bottom_what-do-the-5-or-the-1-actually-use-thei_639232.jpg", "width": 1080, "height": 1080, "caption": "“What do the 5%, or the 1% actually use their money for? They lend it back to the economy at large, they load…” — Michael Hudson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "This is not really currency that circulates. It's like the old joke about expensive vintage wine. Wine prices will go up and once in a while somebody will buy a 50-year-old bottle of wine and say, \"Wait a minute. This has gone bad.\" The answer is, \"Well, that wine isn't for drinking; that's for trading.\" These $100 bills aren't meant to circulate. They're not to spend on goods and services. They're a store of value. They're a form of saving.", "creator": { "@type": "Person", "name": "Michael Hudson" }, "url": "https://sms4smile.com/quotes/michael-hudson/this-is-not-really-currency-that-circulates-it-s-like-the-old-joke/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/db2/michael-hudson-2134_answers_this-is-not-really-currency-that-circula_10238.png", "contentUrl": "https://sms4smile.com/quotes/i/db2/michael-hudson-2134_answers_this-is-not-really-currency-that-circula_10238.png", "url": "https://sms4smile.com/quotes/i/db2/michael-hudson-2134_answers_this-is-not-really-currency-that-circula_10238.png", "width": 1080, "height": 1080, "caption": "“This is not really currency that circulates. It's like the old joke about expensive vintage wine. Wine…” — Michael Hudson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 11, "item": { "@type": "Quotation", "text": "Most people think of the economy as producing goods and services and paying labor to buy what it produces. But a growing part of the economy in every country has been the Finance, Insurance and Real Estate (FIRE) sector, which comprises the rent and interest paid to the economy's balance sheet of assets by debtors and rent payers.", "creator": { "@type": "Person", "name": "Michael Hudson" }, "url": "https://sms4smile.com/quotes/michael-hudson/most-people-think-of-the-economy-as-producing-goods-and-services-and/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a8e/michael-hudson-2134_assets_most-people-think-of-the-economy-as-prod_3204646.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a8e/michael-hudson-2134_assets_most-people-think-of-the-economy-as-prod_3204646.jpg", "url": "https://sms4smile.com/quotes/i/a8e/michael-hudson-2134_assets_most-people-think-of-the-economy-as-prod_3204646.jpg", "width": 1080, "height": 1080, "caption": "“Most people think of the economy as producing goods and services and paying labor to buy what it produces…” — Michael Hudson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 12, "item": { "@type": "Quotation", "text": "If you have to pay about forty to forty-three percent of your income for housing, you also have to pay fifteen percent of your paycheck for the FICA for Social Security wage withholding. You have to pay medical care, you have to pay the banks for your credit card debt, student loans. Then you only have about twenty-five or thirty-five percent, maybe one-third of your salary to buy goods and services. That's all.", "creator": { "@type": "Person", "name": "Michael Hudson" }, "url": "https://sms4smile.com/quotes/michael-hudson/if-you-have-to-pay-about-forty-to-forty-three-percent-of-your-income/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/4fc/michael-hudson-2134_cards_if-you-have-to-pay-about-forty-to-forty_1661965.png", "contentUrl": "https://sms4smile.com/quotes/i/4fc/michael-hudson-2134_cards_if-you-have-to-pay-about-forty-to-forty_1661965.png", "url": "https://sms4smile.com/quotes/i/4fc/michael-hudson-2134_cards_if-you-have-to-pay-about-forty-to-forty_1661965.png", "width": 1080, "height": 1080, "caption": "“If you have to pay about forty to forty-three percent of your income for housing, you also have to pay…” — Michael Hudson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/goods-and-services/michael-hudson/#webpage", "url": "https://sms4smile.com/quotes/about/goods-and-services/michael-hudson/", "name": "Goods and services Quotes by Michael Hudson", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/goods-and-services/michael-hudson/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/3fa/michael-hudson-2134_debt_paying-debt-service-to-banks-leaves-less_599574.png" }, "description": "12 Goods and services quotes by Michael Hudson. 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