The aim of academic trade theory is to tell students, "Look at the model, not at how nations actually develop." So of… — Michael Hudson Academic Copy Share Image
Economic polarization is also occurring between creditor and debtor nations. This issplitting the eurozone between Germany, France and the Netherlands in the… — Michael Hudson 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 Banks 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 Customer Copy Share Image
In real estate you can avoid ever having to pay a capital gains tax, decade after decade, century after century. When you… — Michael Hudson Capital gains 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 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
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
What's the best gamble in the world, right now? Its betting that Deutsche Bank stock is going to go down. Short sellers… — Michael Hudson Betting 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
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 Copy Share Image
“The idea that the euro has “failed” is dangerously naive. The euro is doing exactly what its progenitor – and the wealthy… — Michael Hudson Europe Copy Share Image
“The collapse of Inter-Ally debts and German reparations in the 1920s showed that “debts that can’t be paid, won’t be.” What blocks… — Michael Hudson Neoliberal Copy Share Image
So the Bush-Obama administration has taken a fiscal stance diametrically opposed to that of the patron saint of free enterprise. While escalating… — Michael Hudson Administration 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 Copy Share Image
“Opinion polls showed that two-thirds of Greeks rejected the conditions attached to the bailout, but wanted to stay in the eurozone. Demonstrations… — Michael Hudson Europe Copy Share Image
Since 2008 you've had the largest bond market rally in history, as the Federal Reserve flooded the economy with quantitative easing to… — Michael Hudson Bond market 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 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
“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
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
“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
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
![“The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt. [...] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real…” quote by Michael Hudson](https://sms4smile.com/quotes/i/843/michael-hudson-2134_ability_the-most-serious-problems-lie-in-the-fin_1562200.jpg)
