Debt Quote by Michael Hudson

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

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

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

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

Deflation is defined as a general decline in prices, with emphasis on the word 'general.'

— Ben Bernanke

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

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

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

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

— Stanley Druckenmiller

Basically, unless you're willing to write down debts and save the economy, you're going to have deflation and a steady drain in purchasing power…

— Michael Hudson

More and more money is being extracted from of the production and consumption economy to pay the FIRE sector. That's what causes debt deflation…

— Michael Hudson