Deficit Quote by Michael Hudson
“To the deficit commission, a depression is the solution to the problem, not a problem.”
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.
Use crises to restructure.
Themes
Mood
Type
When to use this quote
- government budgeting
- business strategy
- investment planning
- public policy debate
Key Concepts
Questions to Reflect On
- How can policy balance short‑term pain with long‑term gain?
- What safeguards prevent abuse of crisis?
Treating depression as a solution risks deepening hardship if misapplied.