Nothing could be better for the economy than to get rid of fracking. — Michael Hudson Copy Share Image
The economy is being run primarily by the banks for their own interest. — Michael Hudson Banks Copy Share Image
To save the banks, you would have to turn the entire Eurozone into Greece. — Michael Hudson Europe Copy Share Image
You have the economic vocabulary turning into vocabulary of deception. — Michael Hudson Deception Copy Share Image
In order to be an economist these days, you have to participate in this fairytale that somehow we can recover and still… — Michael Hudson Economist 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
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 Copy Share Image
If you look at payments to labor as a proportion of national income or gross domestic product, you find profits going way… — Michael Hudson Copy Share Image
Needless to say, banks and bondholders do not want to promote any arguments explaining the limits to how much can be paid… — Michael Hudson Argument 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 Customer 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 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
Elites play the role today that landlords played under feudalism. They levy interest and financial fees that are like a tax, to… — Michael Hudson Economist 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 Customer Copy Share Image
We're in a chronic debt-deflation. There's no way we can recover unless you write down the debts. And that's what the IMF… — Michael Hudson Business 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 Climate Copy Share Image
When Mr.Trump says he wants to help all Americans, he means he wants to help all Americans in the 1% by really… — Michael Hudson Copy Share Image
Everybody would be better off if they could buy housing for only, let's say, a carrying charge of one-quarter of their income.… — Michael Hudson Copy Share Image
In China the largest denomination bill they have is 100 yen, and that's maybe $7. So here you have a whole economy… — Michael Hudson 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 Canada Copy Share Image
People think that this concept of GDP is scientific economics, partly because it has a precise number and can be quantified. But… — Michael Hudson Economics 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
The other dynamic keeping the stock market up - both for technology stocks and others - is that companies are using a… — Michael Hudson Copy Share Image
I guess the main thing that came out of the Panama Papers was that Ukrainian President Poroshenko had promised to divest of… — Michael Hudson Copy Share Image
“Whom the gods would destroy, they first make mad.” And if they would destroy economies, they first create a wealthy class on… — Michael Hudson Human nature Copy Share Image
That's why Apple, Microsoft and the big information technology companies have kept so much money registered abroad (although in US dollar accounts… — Michael Hudson 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
“Bankers are seeking to capture government and make financial policy immune from democratic choice. What promised to be a progressive social democratic… — Michael Hudson Europe Copy Share Image
“Instead of leading to the promised leisure economy of abundance by freeing society from the legacies of feudalism and the hereditary privileges… — Michael Hudson Economics Copy Share Image
I think we're in the take-the-money-and-run stage of the economy. So the banks may go under, but the bankers, who make the… — Michael Hudson Bankers 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 Copy Share Image
I don't think that governments should permit speculation in raw materials, because they're what the economy basically needs. — Michael Hudson Economy Copy Share Image
Textbooks don't teach people how to avoid paying any income tax. But that's what an army of tax lawyers and corporate tax… — Michael Hudson Copy Share Image
You have a choice. Either you can have more oil, or more clean water. Fracking is not good for the water supply. — Michael Hudson Choices 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
Trump's junk economics is the illusion that if we cut the taxes on the wealthiest brackets, it'll all trickle down. But it… — Michael Hudson Brackets Copy Share Image
Governments create money and spend it into the economy by running budget deficits. The paper currency in your pocket is technically a… — Michael Hudson Currency Copy Share Image
There really isn't a recovery, and no signs of it on the horizon, because people have to pay the banks. It's a… — Michael Hudson Banks 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 Copy Share Image
