Skip to content

Administration Quote by Michael Hudson

“So the Bush-Obama administration has taken a fiscal stance diametrically…” quote by Michael Hudson
Download Open image
“So the Bush-Obama administration has taken a fiscal stance diametrically opposed to that of the patron saint of free enterprise. While escalating war in Afghanistan and maintaining over 850 military bases around the world, the administration has run up the national debt that Smith decried. By shifting the tax burden off property and off rent-seeking monopolies - above all, off the financial sector - this policy has raised America's cost of living and doing business, thereby undercutting its competitive power and running up larger and larger foreign debt.”

Michael Hudson

2.4 out of 5 (10 ratings)

More by Michael Hudson

Explore all 184 Michael Hudson quotes

More Administration quotes

Browse all 1,849 Administration quotes