Debt Quote by Michael Hudson

So we are in for years of debt deflation. That means that people have to pay so much debt service for mortgages, credit cards,…

— Michael Hudson

When there's deflation, it means that although most markets are shrinking and people have less to spend, the 1% that hold the 99% in…

— Michael Hudson

Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening…

— Michael Hudson

The United States and Europe are in a state of debt deflation, where people and businesses have to pay banks instead of spending their…

— Michael Hudson

Despite the recent conviction of many that we're headed back to inflation, I think deflation remains the more likely prospect. You've just got too…

— Gary Shilling

Deflation is a leakage from this circular flow, to pay banks and the real estate, called the FIRE sector - finance, insurance and real…

— Michael Hudson

The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a…

— Ben Bernanke

Sector-specific price declines, uncomfortable as they may be for producers in that sector, are generally not a problem for the economy as a whole…

— Ben Bernanke

The way you create deflation is you create an asset bubble.

— Stanley Druckenmiller

Deflation can be particularly dangerous when a financial system is shaky, with household and corporate balance sheets in poor shape and banks undercapitalized and…

— Ben Bernanke

“It is one thing when prices drift downward over time due to innovation, scalability or other efficiencies. This might be considered “good” deflation and…

— James Rickards

There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people…

— Michael Hudson