Economy Quote by Michael Hudson

It is of the greatest consequence that the debt should, with the consent of the creditors, be remoulded into such a shape as will…

— Alexander Hamilton

When borrowers anticipate that politicians might cancel their loans, they stop paying.

— Arundhati Bhattacharya

Every debt is ultimately paid, if not by the debtor, then eventually by the creditor.

— James Grant

We prefer an orderly resolution to the debt crisis and we're moving in that direction. But the most important thing is that the deal…

— Alberto Fernandez

It is of the greatest consequence that the debt should . . . be remoulded into such a shape as will bring the expenditure…

— Alexander Hamilton

“Debt requires you to transfer your future wealth to your creditors.”

— Mary Hunt

Borrowers will default. Markets will collapse. Gold (the ultimate form of safe money) will skyrocket.

— Mike Belkin

I think what's important to understand is if the United States hits the debt ceiling and is unable to pay its debts, the consequences…

— Kenneth Chenault

If we hit the debt ceiling, that's... essentially defaulting on our obligations, which is totally unprecedented in American history. The impact on the economy…

— Austan Goolsbee

When America's creditors consider our behavior they see total fiscal irresponsibility. They see a deluded country that acts as if it is a privilege…

— Paul Craig Roberts

The debts are unaffordable. If they won't cancel the debts I would suggest obstruction; you do it yourselves.

— Jeffrey Sachs

It is simply science fiction fantasy to say that, if you do not raise the debt ceiling, that everything is going to collapse.

— Mike Lee