To the deficit commission, depression is the solution to the problem, not a problem. - Michael Hudson quotes

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

Author: Michael Hudson

See all Michael Hudson Quotes

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

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.

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

When you say

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

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

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.

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.

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

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