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
This is not really currency that circulates. It's like the old joke about expensive vintage wine. Wine prices will go up and… — Michael Hudson Answers Copy Share Image
Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains. — Michael Hudson Capital gains Copy Share Image
Nothing could be better for the economy than to get rid of fracking. — Michael Hudson Economics 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
Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is… — Michael Hudson Capital investment Copy Share Image
What's bad for the frackers usually is good for the rest of the world. — Michael Hudson World Copy Share Image
You could say that the vote to withdraw from Europe is, it's really a vote of the British middle class, the working… — Michael Hudson Middle class Copy Share Image
Actually, high housing prices don't help the economy. They raise the cost of living. — Michael Hudson Cost 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 United States and Europe are in a state of debt deflation, where people and businesses have to pay banks instead of… — Michael Hudson Fall 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
Income is sucked upward to the creditors, who then foreclose on the assets of debtors. This shrinks tax revenue, forcing public budgets… — Michael Hudson Enterprise Copy Share Image
Debtor countries may postpone the inevitable by borrowing from the IMF or U.S. Treasury to buy out bondholders. This saves the latter… — Michael Hudson Borrowing Copy Share Image
No price is too high to pay to try to make the financial system go on a little bit longer. But ultimately… — Michael Hudson Bits Copy Share Image
The United States is pushing as policy division of the world into rival currency camps - the dollar area on the one… — Michael Hudson Areas Copy Share Image
We're living in a world that's divided into two economies: the economy of the 1%, and the economy of the bottom 99%.… — Michael Hudson Bottom Copy Share Image
Oil now, as a result of the Saudi production, is priced so low that there are not going to be new fracking… — Michael Hudson Company Copy Share Image
When people are running up more and more debt for housing, they call that "real wealth." It exposes what's wrong in the… — Michael Hudson Austerity 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 Education 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
Trump's claims that he's making taxes more democratic for the people, but it actually is a vast sucking of income and wealth… — Michael Hudson Claims Copy Share Image
Mr. Trump wants to turn the U.S. economy into the kind of real estate development that has made him so rich in… — Michael Hudson Economy Copy Share Image
We're at the end of long cycle that began in 1945, loading the economy with debt. We're not going to be able… — Michael Hudson Able Copy Share Image
When you buy enough stocks to give you control of a target company, that's called mergers and acquisitions or corporate raiding. Hedge… — Michael Hudson Borrowed money Copy Share Image
