Government Quotes by Michael Hudson

15 Government quotes by Michael Hudson

All Government quotes Michael Hudson’s page

Michael Hudson’s 15 statements on government lay bare his skepticism of fiscal policy and power structures. Expect a mix of sharp analysis and pointed warnings that challenge conventional economic narratives.

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You're having government spending on the economy being cut almost everywhere. That means that the only source of spending for growth has…

Michael Hudson

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Every government, from the Obama administration right through to Angela Merkel, the Eurozone and the IMF, promise to save the banks, not…

Michael Hudson

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I don't think that governments should permit speculation in raw materials, because they're what the economy basically needs.

Michael Hudson

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The world's politics are in turmoil, not to mention the Mideast, where the US has mounted attacks from Libya to Iraq to…

Michael Hudson

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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

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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

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If bankers can push the loans and make more profits for the bank, they get paid higher bonuses. They often also get…

Michael Hudson

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Education is something that should not be organized on a for-profit basis, because in that case its purpose is not really to…

Michael Hudson

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Just like a house is worth whatever a bank's going to lend against it, an education is worth whatever the bank is…

Michael Hudson

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The other dynamic keeping the stock market up - both for technology stocks and others - is that companies are using a…

Michael Hudson

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What do the 5%, or the 1% actually use their money for? They lend it back to the economy at large, they…

Michael Hudson

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The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately…

Michael Hudson

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The fact that you have government-guaranteed student loans has created a whole new sector in the American economy that didn't really exist…

Michael Hudson

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In housing you have jingle mail and you can walk away and leave the bank holding the bag. In the case of…

Michael Hudson

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That's the problem with the financial sector. Banks and the financial sector live in the short run, not the long run. In…

Michael Hudson

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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…

Michael Hudson

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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…

Michael Hudson

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Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.

Michael Hudson

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Nothing could be better for the economy than to get rid of fracking.

Michael Hudson

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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…

Michael Hudson

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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…

Michael Hudson