Enterprise Quote by Michael Hudson

A public debt is a public curse.

— James Madison

The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally…

— Ludwig von Mises

“In reality, states never repay their debt. They roll it over, meaning they defer repayment endlessly, paying only the interest on the loans. As…

— Yanis Varoufakis

If you lose control of your debt and deficit, you get massive cuts in things such as health and education. You get appalling insecurity,…

— David Cameron

Governments can inflate their way out of debt, but that has consequences, doesn't it?

— Kent Conrad

“We have created a society in which all the nation’s economic gains flow to the top and the vast majority sees income stagnation or…

— David Cay Johnston

When government borrowing and spending go up, private borrowing and spending go down.

— Maxime Bernier

You talk to any of the job creators, and they'll tell you one of the things that concerns them the most is the debt.…

— Jeb Hensarling

The immense and ever increasing sums which the state wrings from the people are never enough for it; it mortgages the income of future…

— Peter Kropotkin

“The Fiscal Legacy of Crises Declining revenues and higher expenditures, owing to a combination of bailout costs and higher transfer payments and debt servicing…

— Carmen M. Reinhart

Terrorism, War & Bankruptcy are caused by the privatization of money, issued as a debt and compounded by interest.

— Napoleon Bonaparte

For highly indebted governments, low interest rates are critical to keep debt levels sustainable and ease pressure to restructure debt and recapitalize banks. The…

— Michael Spence