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Deficit Quote by Michael Hudson

“To the deficit commission, a depression is the solution to the problem, not a problem.” quote by Michael Hudson
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“To the deficit commission, a depression is the solution to the problem, not a problem.”

Michael Hudson

About This Quote

Source Speech: Economic Forum, 2015

A depression can be used as a tool to reset economic imbalances, not merely a crisis to endure.

In simple terms: Depression as a solution, not a problem.

Key Takeaway

Use crises to restructure.

Themes

economics policy crisis management

Mood

analytical cautious

Type

economic strategic

When to use this quote

  • government budgeting
  • business strategy
  • investment planning
  • public policy debate

Key Concepts

macroeconomics debt restructuring

Questions to Reflect On

  • How can policy balance short‑term pain with long‑term gain?
  • What safeguards prevent abuse of crisis?
A Different Perspective

Treating depression as a solution risks deepening hardship if misapplied.

3.7 out of 5 (3 ratings)

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