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Michael Hudson Quotes: Debtors will seek to cancel their debts. Creditors will try to collect, and the more they succeed, the more they will impoverish the economy.
         

Debtors will seek to cancel their debts. Creditors will try to collect, and the more they succeed, the more they will impoverish the economy.


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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It is the ultimate luxury to combine passion and contribution. It's also a very clear path to happiness.

It is the ultimate luxury to combine passion and contribution. It's also a very clear path to happiness.



When we develop reverence for food and the miracle of transformation inherent in it, just the simple act of eating creates a ritual of celebration.

When we develop reverence for food and the miracle of transformation inherent in it, just the simple act of eating creates a ritual of celebration.



I'm a believer in the Tea Party. I love the Tea Party. I love the people in the Tea Party. And, yes, I have a lot of different likes and maybe dislikes. And I don't know why.

I'm a believer in the Tea Party. I love the Tea Party. I love the people in the Tea Party. And, yes, I have a lot of different likes and maybe dislikes. And I don't know why.



We will not waver, we will not tire, we will not falter, and we will not fail. Peace and freedom will prevail.

We will not waver, we will not tire, we will not falter, and we will not fail. Peace and freedom will prevail.



It's easier to be original and foolish than original and wise.

It's easier to be original and foolish than original and wise.



When my hair was shorter, I used to get it done every couple of days... but I got tired of that.

When my hair was shorter, I used to get it done every couple of days... but I got tired of that.



Tomorrow isn't promised to any of us.

Tomorrow isn't promised to any of us.



To be gret is to be misunderstood.

To be gret is to be misunderstood.



That age is best which is the first When youth and blood are warmer.

That age is best which is the first When youth and blood are warmer.




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This page presents the quote "Debtors will seek to cancel their debts. Creditors will try to collect, and the more they succeed, the more they will impoverish the economy.". Author of this quote is Michael Hudson. This quote is about trying, succeed, creditors, debtors, economy,.