Austerity Quote by Michael Hudson

“Instead of leading to the promised leisure economy of abundance by freeing society from the legacies of feudalism and the hereditary privileges of aristocracies,…

— Michael Hudson

Today, people are having to spend so much of their money, to acquire a house and to get an education that they don't have…

— Michael Hudson

“The bankers and financiers are badly overplaying their hands, again, and people are starting to catch on to the scam. Real wealth is tangible…

— Chris Martenson

Until you separate the speculative behaviour of the financial sector from the real economy and the financing of the real economy, then we are…

— Sharan Burrow

“Economics also has to become a fundamentally monetary discipline—from the consideration of how individuals make market decisions through to our understanding of macroeconomics. The…

— Steve Keen

All but a very few of us are in debt. We exist as entities who borrow money and spend the rest of our lives…

— Roger Ebert

Housing wealth - the net equity held by households, consisting of the value of their homes minus their mortgage debt - is the most…

— Janet Yellen

The human world is a long way from meeting the needs of the present, and it is borrowing massively from the future - not…

— Donella Meadows

The government has brought on the housing problem, partly by these very low interest rates, which encouraged many people to go way out on…

— Thomas Sowell

“The bottom line is that the government has artificially mitigated lenders’ risk, and it has done so on the perverse, altruistic premise that “society”…

— Yaron Brook

All of the problems we're facing with debt are manmade problems. We created them. It's called fantasy economics. Fantasy economics only works in a…

— Michele Bachmann

People go into debt when they judge it beneficial to borrow money against their future earnings. Few can afford to buy a house outright,…

— Michael J. Knowles