Facts Quote by Michael Hudson Download Open image “In fact, there's no way that banks can be paid everything that they're owed.” — Michael Hudson ★ ★ ★ ★ ★ 4.1 out of 5 (4 ratings) Copy quoteShare Facts Paid Way
Banks can't recoup the costs of serving customers who save in small amounts and transact frequently. — Sylvia Mathews Burwell Copy Share Image
The only people that a bank will loan money to is the very people who don't need it. — Mark Twain Copy Share Image
Banks lend by creating credit. They create the means of payment out of nothing. — Ralph George Hawtrey Copy Share Image
People get into debt head over heels because banks make it so easy to do so. Then the banks come along and act like… — Jonathan Raymond Copy Share Image
A bank is a place that will lend you money if you can prove that you don't need it. — Bob Hope Copy Share Image
Paying debt service to banks leaves less income to buy goods and services. — Michael Hudson Copy Share Image
I am afraid the ordinary citizen will not like to be told that the banks can, and do, create money...And they who control the… — Reginald McKenna Copy Share Image
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… — Michael Hudson Copy Share Image
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 Copy Share Image
Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains. — Michael Hudson Copy Share Image
Nothing could be better for the economy than to get rid of fracking. — Michael Hudson Copy Share Image
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 Copy Share Image
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 Copy Share Image
What's bad for the frackers usually is good for the rest of the world. — Michael Hudson Copy Share Image
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 Copy Share Image
Actually, high housing prices don't help the economy. They raise the cost of living. — Michael Hudson Copy Share Image
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 Copy Share Image
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 Copy Share Image
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 Copy Share Image
It is indeed a surprising and fortunate fact that nature can be expressed by relatively low-order mathematical functions. — Rudolf Carnap Copy Share Image
So the fool, as distinct from the scoundrel, is completely self- satisfied; in fact, he can easily become dangerous, as it does not take… — Dietrich Bonhoeffer Copy Share Image
He bombarded me with words, of all things, apparently clueless to the fact that the predawn hours rendered me incapable of coherent thought. — Darynda Jones Copy Share Image
Scrabble - The game is available in Braille. That’s a nice fact. This makes me feel better about humanity for some reason. I can’t… — Anonymous Copy Share Image
The time that one gains cannot be accumulated in a storehouse; it is contradictory to want to save up existence, which, the fact is,… — Simone de Beauvoir Copy Share Image
What is history after all? History is facts which become lies in the end. — Jean Cocteau Copy Share Image
Don't take too much comfort in the fact that you're successful today because tomorrow could bring failure. There's no surety in life. — Michael Savage Copy Share Image
I am told many children block out the memory of trauma. In fact, the healing process can only truly begin when we are willing… — Phoebe Stone Copy Share Image
Because the truth is that gossip is as good as gospel in this town. You can save face but you won't ever save your… — Conor Oberst Copy Share Image
Truth be told from compulsive liars with a history/Everything must change 2nd chances are a mystery — C-DASH Copy Share Image
We did an episode where she goes out to get a job and she gets fired because she's not good. They hire a babysitter… — Patricia Heaton Copy Share Image
