The ideological foundation of today's business schools is that economic control should be shifted out of government hands into those of financial… — Michael Hudson Business Copy Share Image
People think of a parasite as simply taking money, taking blood out of a host or taking money out of the economy.… — Michael Hudson Brain 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 Economic Copy Share Image
Oil is a special case. Saudi Arabia is trying to drive U.S. fracking rivals out of business, while also hurting Russia. This… — Michael Hudson Economic Copy Share Image
The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's… — Michael Hudson Ability Copy Share Image
People are putting their money into treasuries because they worry that the risk of putting their money into the bond market, the… — Michael Hudson Bond market Copy Share Image
Either you can save the economy, or you can save the One Percent from losing a single penny. — Michael Hudson Economics Copy Share Image
Trump has said that he wants to remove the tax deductibility of interest. If he can do that, fine. But I hope… — Michael Hudson Can do Copy Share Image
If you have to pay about forty to forty-three percent of your income for housing, you also have to pay fifteen percent… — Michael Hudson Cards Copy Share Image
Canada is a malstructured. You could almost call it a failed economy, except that its natural resources are so rich that everybody… — Michael Hudson Economics Copy Share Image
One basic myth is that rich people get wealthy by earning income. But that's not how most get rich. Most of the… — Michael Hudson Capital gains Copy Share Image
Europe is sort of like the Soviet Union in the '30s and '40s. There was an argument, is it reformable or not?… — Michael Hudson Argument Copy Share Image
Look at Ukraine. Its currency, the hernia, is plunging. The euro is really in a problem. Greece is problematic as to whether… — Michael Hudson Britain Copy Share Image
“Oligarchy: Rule by the few, usually the richest One Percent. In Aristotle’s political theory, oligarchy is the stage into which democracy evolves,… — Michael Hudson Latin america Copy Share Image
There are many ways to create economic suicide on a national level. The major way through history has been through indebting the… — Michael Hudson Economic Copy Share Image
Economists often define their discipline as "the allocation of scarce resources among competing ends." But when resources or money really become scarce,… — Michael Hudson Competing 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 Bail Copy Share Image
When you say "paying the banks," what they really mean is paying the bank bondholders. They are basically the One Percent. — Michael Hudson Mean Copy Share Image
A derivative is a bet on whether a stock, or a bond or a real estate asset, is going to go up… — Michael Hudson Assets 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
It's amazing that Europe says, "What are we going to do with these refugees?" It's as if it doesn't realize that being… — Michael Hudson Bombing Copy Share Image
The economy is being run primarily by the banks for their own interest. — Michael Hudson Economics Copy Share Image
When Hillary Clinton said she's going to do just what Obama does and we're going to continue to recover, most people know… — Michael Hudson Clinton 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 Economy Copy Share Image
