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 HUDSON
MICHAEL HUDSON
Michael Hudson on running
Michael Hudson38 quotes“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.”
More from Michael 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 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 Seventy-eight percent of millennials are worried about not having enough good paying job opportunity to pay off their student loans. Seventy-four percent can’t pay the health care if they get sick.
Michael HudsonMichael Hudson People are putting their money into treasuries because they worry that the risk of putting their money into the bond market, the stock market or even the money markets is very high.
Michael HudsonMichael Hudson We know smoking tobacco is not good for kids, but a lot of other things aren’t good. Drinking’s not good. Some would say milk’s not good.
Bob DoleBob Dole I think the less fracking there is, the better it is for the economy and society.
Michael HudsonMichael Hudson To ask a politician to lead us is to ask the tail of a dog to lead the dog.
R. Buckminster FullerR. Buckminster Fuller When we say “people worry” about inflation, it’s mainly bondholders that worry. The labor force benefitted from the inflation of the ’50s, ’60s and ’70s.
Michael HudsonMichael Hudson I’m always being inspired .
Boy GeorgeBoy George To save the banks, you would have to turn the entire Eurozone into Greece.
Michael HudsonMichael Hudson If you have the right to call me a hot dog why do I not have the right to call you a stale 3-day old hamburger?
Oscar de la RentaOscar de la Renta I think we’re in the take-the-money-and-run stage of the economy. So the banks may go under, but the bankers, who make the policy, clean up.
Michael HudsonMichael Hudson Political activity alone cannot make a man free. Back of the ballot, he must have property, industry, skill, economy, intelligence, and character.
Booker T. WashingtonBooker T. Washington I want to get out there. I want to show myself.
Bonnie CaninoBonnie Canino I like the big bombastic singers, but I’m also very drawn to what I call character singers.
Boy GeorgeBoy George I’ve tried to stay true to myself this whole entire time, and I think I’ve represented myself as creatively as I could with what I got on the show.
Blake LewisBlake Lewis
Original quotes
From our community writers
We were dirt poor but we had each other. We didn’t need much to have a lot.
Brad NeatonBrad Neaton Always show kindness and love to others. Your words might be filling the empty places in someone else heart.
Alexander KandovAlexander Kandov One quick sip of your memory I let it slip, and I go on without you.
Emma SchippersEmma Schippers If the scars on my heart were visible to the naked eye, maybe you’d think twice about inflicting more.
Laura Natoli-KearneyLaura Natoli-Kearney I am getting better at forgetting you. I am slowly but steadily learning the art of forgetting you.
Juana GarciaJuana Garcia Paper and pen petrify me, for they pierce right through me, drawing deep blue blood, leaving me utterly cold.
Shreya JoshiShreya Joshi Spend time with people who get excited over even the smallest victories you earn.
Sonia SabnisSonia Sabnis I wonder if you were the poison or the antidote.
Ginnie BaleGinnie Bale
Meet the writers
More on running
Sure, I have a lot of friends that are actors. Just because I guess I run into a lot of actors in my work.
Beau BridgesBeau Bridges Is there stop ‘n’ go counseling for couples on the run?
Becky FreemanBecky Freeman Some people talk the talk and walk the walk while I’m silently running.
Behdad SamiBehdad Sami The world awakens on the run And will soon be earning With hopes of better days to come It’s a morning yearning.
Ben HarperBen Harper A picture story just doesn’t run like a film. It doesn’t have 24 frames per second. It doesn’t deal with this illusion of movement. It’s more like if you did an illuminated novel.
Ben KatchorBen Katchor Taking on short term risk can involve switching jobs, joining new groups / associations in the area, launching a personal blog, running an experiment within your existing job. These are some practical ways to inject volatility into your life, and thus some risk.
Ben CasnochaBen Casnocha The moth settled onto the curtain and sat still. It was an astonishing creature, with black and white wings patterned in geometric shapes, scarlet underwings, and a fat white body with black spots running down it like a snowman’s coal buttons.
Barbara KingsolverBarbara Kingsolver You can’t replace people you love with other people…But you can trust that you’re not going to run out of people to love.
Barbara KingsolverBarbara Kingsolver