Michael Hudson
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.
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.
If you even dream of beating me you'd better wake up and apologize.
What counts in the ring is what you can do after you're exhausted. The same is true of life.
There's nothing wrong with getting knocked down, as long as you get right back up.
My toughest opponent has always been me.
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