Michael Hudson on eurozone
“To save the banks, you would have to turn the entire Eurozone into Greece.”
More Michael Hudson quotes
One of the big problems in America’s economic polarization and shrinkage is that pensions can’t be paid. So there are going to be defaults on pensions here, just like Europeans are insisting in rolling back pensions. You can look at Greece and Argentina as the future of America.
Michael HudsonMichael Hudson True mindfulness is the awareness that everything you encounter is a vigorous expression of the same living universe as you.
Brad WarnerBrad Warner I’ve forbidden my daughter to have grandchildren, I’m too young.
Bette MidlerBette Midler Money is not a factor of production. But in order to have access to credit, in order to get money, in order to get an education, you have to pay the banks.
Michael HudsonMichael Hudson Buddha might be the one thing that could settle Godzilla down. He might say, “Listen Godzilla, you don’t have to do all this. Just chill out a little bit and everything will be fine”.
Brad WarnerBrad Warner These $100 bills aren’t meant to circulate. They’re not to spend on goods and services. They’re a store of value. They’re a form of saving.
Michael HudsonMichael Hudson I don’t aim to offend.
Billy ConnollyBilly Connolly On the flat tax, the more you compress the tax rates, the more you untax where the income is really made, at the top of the pyramid.
Michael HudsonMichael Hudson Emotional stability and expression comes from women.
Bob HoskinsBob Hoskins If you look at payments to labor as a proportion of national income or gross domestic product, you find profits going way up, investment and savings going up.
Michael HudsonMichael Hudson When people are running up more and more debt for housing, they call that “real wealth.” It exposes what’s wrong in the mainstream economics and why most of the economics that justifies austerity programs and economic shrinkage is in the textbooks is not scientific.
Michael HudsonMichael Hudson A science is not mere knowledge, it is knowledge which has undergone a process of intellectual digestion. It is the grasp of many things brought together in one, and hence is its power; for, properly speaking, it is Science that is power, not Knowledge.
John Henry NewmanJohn Henry Newman Russia was under the impression that the neoliberal advisors were going to make Russia as rich as the United States. What they really did was create a kleptocracy that was virtually tax-free.
Michael HudsonMichael Hudson When you say “paying the banks,” what they really mean is paying the bank bondholders. They are basically the One Percent.
Michael HudsonMichael Hudson There are two definitions of deflation. Most people think of it simply as prices going down. But debt deflation is what happens when people have to spend more and more of their income to carry the debts that they’ve run up – to pay their mortgage debt, to pay the credit card debt, to pay student loans.
Michael HudsonMichael Hudson I didn’t really care if I had a coach that much, me personally, because I was brought up to think for myself.
Billie Jean KingBillie Jean King
