Michael Hudson Quotes

Europe is acting in a very self-destructive manner but is doing so because it's trying to be loyal to the United States.

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.

The United States Government has fought against the creation of an international court to adjudicate the ability of national economies to pay debts.

Either you can save the economy, or you can save the One Percent from losing a single penny.

On the flat tax, the more you compress the tax rates, the more you untax where the income is made, at the top of the pyramid.

Trump's junk economics is the illusion that if we cut the taxes on the wealthiest brackets, it'll all trickle down. But it doesn't trickle down.

That's the "magic" of double-taxation treaties: you can shop around for the lowest taxer.

Inflation usually helps the economy at large, but not the 1% if wages rise. So the 1% says that it is terrible.

If the economy is growing, people want to employ more workers. If you hire more labour, wages go up.

When you say "paying the banks," what they mean is paying the bank bondholders. They are the One Percent.

To the deficit commission, depression is the solution to the problem, not a problem.

We're still in the collapse that began after 2008. There's not a new collapse, there hasn't been a recovery.

Trump's claims that he's making taxes more democratic for the people, but it is a vast sucking of income and wealth upward.

To save the banks, you would have to turn the entire Eurozone into Greece.

Paying debt service to banks leaves less income to buy goods and services.

You have the economic vocabulary turning into the vocabulary of deception.

High housing prices don't help the economy. They raise the cost of living.

Nobody prefers to earn income anymore, because that's taxable. Rich people prefer to make capital gains.

You have a choice. Either you can have more oil or more clean water. Fracking is not good for the water supply.

What's bad for the frackers usually is good for the rest of the world.

We go forward with our heads held high, but look back and remember where we come from.

The one sure mark of a con, though, is the promise of free money.