Administration Quote by Michael Hudson
“Every government, from the Obama administration right through to Angela Merkel, the Eurozone and the IMF, promise to save the banks, not the economy.”
About This Quote
Source Book: Killing the Host, 2015
Governments rescue banks, not economies.
In simple terms: Bank bailouts ignore broader economy.
Key Takeaway
Advocate for holistic economic aid.
Themes
economics
policy
inequality
Mood
critical
concerned
Type
analytical
political
When to use this quote
- banking reform
- social safety nets
- public debt management
- economic recovery
Key Concepts
financial crisis
government intervention
Questions to Reflect On
- How can policies protect both banks and citizens?
- What alternatives exist to bank-focused rescues?
A Different Perspective
Banks are politically powerful.
