Michael Hudson
All concerns of men go wrong when they wish to cure evil with evil.
Stubbornness and stupidity are twins.
You must remember that no one lives a life free from pain and suffering.
Wise thinkers prevail everywhere.
If we always helped one another, no one would need luck.
Rather fail with honor than succeed by fraud.
The truth is always the strongest argument.
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.
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.
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