Economics Quote by Michael Hudson

“Either you can save the economy, or you can save the One Percent from losing a single penny.” quote by Michael Hudson — Download Open image

“Either you can save the economy, or you can save the One Percent from losing a single penny.”

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More by Michael Hudson

Europe is creating the flight of refugees that's tearing it apart politically, and leading rightwing nationalist parties to gain power to withdraw from the…

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This is not really currency that circulates. It's like the old joke about expensive vintage wine. Wine prices will go up and once in…

Michael Hudson

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Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.

Michael Hudson

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Nothing could be better for the economy than to get rid of fracking.

Michael Hudson

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If you end internet neutrality and permit mergers of the big information technology corporations, that's a form of rent seeking. It's part of today's…

Michael Hudson

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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

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What's bad for the frackers usually is good for the rest of the world.

Michael Hudson

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You could say that the vote to withdraw from Europe is, it's really a vote of the British middle class, the working class, to…

Michael Hudson

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Actually, high housing prices don't help the economy. They raise the cost of living.

Michael Hudson

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When economists speak of money, they neglect that all money and credit is debt. That is the essence of bookkeeping and accounting. There are…

Michael Hudson

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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

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On the flat tax, the more you compress the tax rates, the more you untax where the income is really made, at the top…

Michael Hudson

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“The free-market economy and globalisation process have brought about, in the late twentieth and early twenty-first century, a sharp and sudden rise in the…

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“Everything economic science posits as given, that is, the range of dispositions of the economic agent which ground the illusion of the ahistorical universality…

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Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals,…

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Having an economy that works for the 99% is achievable.

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“a select group of high-performing companies have managed to close the strategy-to-performance gap through better planning and execution. These companies—Barclays, Cisco Systems, Dow Chemical,…

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