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
If you increase living standards, you make labor more productive. This is why Asia today is becoming more productive than the United… — Michael Hudson Asia Copy Share Image
The natural geopolitical arrangement is for Europe to be part of Eurasia, especially for Germany to develop trade and investment relationships with… — Michael Hudson Arrangements Copy Share Image
That's the "magic" of double-taxation treaties: you can shop around for the lowest taxer. — Michael Hudson Lowest 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 Debt Copy Share Image
In housing you have jingle mail and you can walk away and leave the bank holding the bag. In the case of… — Michael Hudson Agency Copy Share Image
From 2008 to 2016 all the growth in the American economy, all the growth in national income, was earned just by the… — Michael Hudson Able Copy Share Image
As you have to pay more interest and amortization on what you owe, you're left with less and less money to buy… — Michael Hudson Debt Copy Share Image
One of the big problems in America's economic polarization and shrinkage is that pensions can't be paid. So there are going to… — Michael Hudson America Copy Share Image
Almost all of the demand for oil that suddenly pushed prices up was speculative demand. People began to speculate not only in… — Michael Hudson Commodity 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
The problem is indeed that one party's debt finds its counterpart in some other party's savings. Not paying debts therefore involves annulling… — Michael Hudson Financial 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 Bankers 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 Bills Copy Share Image
“Free Trade: The stage of trade policy that followed mercantilist and protectionist success in raising first Britain and then the United States… — Michael Hudson Free trade Copy Share Image
People have to pay so much money to the banks that they don't have enough money to buy the goods and services… — Michael Hudson Company Copy Share Image
People think of a business cycle, which is a boom followed by a recession and then automatic stabilizers revive the economy. But… — Michael Hudson Business Copy Share Image
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 Bases Copy Share Image
So, what people are actually left with to spend is maybe 25 to 30% of their income on goods and services, after… — Michael Hudson Economy 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
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 Abolish Copy Share Image
The Eurozone die is cast. Countries must withdraw from the euro so that governments can create their own money once again, and… — Michael Hudson Country Copy Share Image
When they say inflation is bad, deflation is good, what they mean is, more money for us 1% is good; we're all… — Michael Hudson Assets 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
“Bankers are seeking to capture government and make financial policy immune from democratic choice. What promised to be a progressive social democratic… — Michael Hudson Money Copy Share Image
