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Michael Hudson Quotes: Basically, unless you're willing to write down debts and save the economy, you're going to have deflation and a steady drain in purchasing power - that is, shrinking markets.
         

Basically, unless you're willing to write down debts and save the economy, you're going to have deflation and a steady drain in purchasing power - that is, shrinking markets.


Michael Hudson
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Other quotes of Michael Hudson


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

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



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

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



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

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



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

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



Nothing could be better for the economy than to get rid of fracking.

Nothing could be better for the economy than to get rid of fracking.



Every government, from the Obama administration right through to Angela Merkel, the Eurozone and the IMF, promise to save the banks, not the economy.

Every government, from the Obama administration right through to Angela Merkel, the Eurozone and the IMF, promise to save the banks, not the economy.



Elites play the role today that landlords played under feudalism. They levy interest and financial fees that are like a tax, to support what the classical economists called "unproductive activity."

Elites play the role today that landlords played under feudalism. They levy interest and financial fees that are like a tax, to support what the classical economists called "unproductive activity."



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

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



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.



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

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





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The problem is people want help, but when help arrives you want to tell the help how to help you. Learn to RECEIVE help.

The problem is people want help, but when help arrives you want to tell the help how to help you. Learn to RECEIVE help.



Romanticizing comes with colored glasses of the most colored sort.

Romanticizing comes with colored glasses of the most colored sort.



I confess I love littleness almost in all things. A little convenient estate, a little cheerful house, a little company, and a little feast.

I confess I love littleness almost in all things. A little convenient estate, a little cheerful house, a little company, and a little feast.



Nothing in life is worthwhile unless it's kind of hard to get there.

Nothing in life is worthwhile unless it's kind of hard to get there.



Whatever touches the nerves of motive, whatever shifts man's moral position, is mightier than steam, or calorie, or lightening.

Whatever touches the nerves of motive, whatever shifts man's moral position, is mightier than steam, or calorie, or lightening.



Ice is for death and endings.

Ice is for death and endings.



Hobbes clearly proves, that every creature Lives in a state of war by nature.

Hobbes clearly proves, that every creature Lives in a state of war by nature.



I am not very conscious of the figures of speech that I use.

I am not very conscious of the figures of speech that I use.



I don't care if a reader hates one of my stories, just as long as he finishes the book.

I don't care if a reader hates one of my stories, just as long as he finishes the book.



The moment a man or a woman becomes angry they show a great weakness.

The moment a man or a woman becomes angry they show a great weakness.




Quote Description


This page presents the quote "Basically, unless you're willing to write down debts and save the economy, you're going to have deflation and a steady drain in purchasing power - that is, shrinking markets.". Author of this quote is Michael Hudson. This quote is about writing, deflation, steady, purchasing power, willing, debt, shrinking, economy,.