Consumption Quote 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…

— Michael Hudson

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

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

— Michael Hudson

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

— Michael Hudson

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

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

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

— Michael Hudson

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

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

— Michael Hudson

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

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

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