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 Economy Copy Share Image
When we say "people worry" about inflation, it's mainly bondholders that worry. The labor force benefitted from the inflation of the '50s,… — Michael Hudson Force Copy Share Image
You have the economic vocabulary turning into vocabulary of deception. — Michael Hudson Deception Copy Share Image
When I say the economy is shrinking, it's the economy of the 99%, the people who have to work for a living… — Michael Hudson Bond market Copy Share Image
The financial time frame always has been short-term. Projects with long-term paybacks are cut back, because CEOs and financial managers simply want… — Michael Hudson Ceo Copy Share Image
Debt deflation is when there's less money that people have to spend out of their paychecks on goods and services, because they're… — Michael Hudson Debt Copy Share Image
“Neofeudalism: Much as warlords seized land in the Norman Conquest and levied rent on subject populations (starting with the Domesday Book, the… — Michael Hudson Books Copy Share Image
Seventy-eight percent of millennials are worried about not having enough good paying job opportunity to pay off their student loans. Seventy-four percent… — Michael Hudson Able Copy Share Image
Most people think of the economy as producing goods and services and paying labor to buy what it produces. But a growing… — Michael Hudson Assets Copy Share Image
