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Michael Hudson Quotes: 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.


Michael Hudson
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"Michael Hudson Quotes." Quoteslyfe.com, 2024. Thu. 21 Nov. 2024. <https://www.quoteslyfe.com/quote/Every-government-from-the-Obama-administration-right-886550>.





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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.



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.



One basic myth is that rich people get wealthy by earning income. But that's not how most get rich. Most of the gains of the rich people since 1945 have been "capital gains".

One basic myth is that rich people get wealthy by earning income. But that's not how most get rich. Most of the gains of the rich people since 1945 have been "capital gains".





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Despair gives courage to a coward.

Despair gives courage to a coward.



A youth is to be regarded with respect.

A youth is to be regarded with respect.



You cannot have a happy ending to a miserable journey.

You cannot have a happy ending to a miserable journey.



As a farmer, you learn quick: You don't get anything that you don't work hard for.

As a farmer, you learn quick: You don't get anything that you don't work hard for.



Sport is cultural. What the star athlete does helps to define the culture. What the star athlete does on a Canadian team, especially if he or she is Canadian, helps define Canadian-ness.

Sport is cultural. What the star athlete does helps to define the culture. What the star athlete does on a Canadian team, especially if he or she is Canadian, helps define Canadian-ness.



Someone who works only for the money will give you trouble one day because of money.

Someone who works only for the money will give you trouble one day because of money.



Please, shun darkness, and like trees, always seek to grow toward the light.

Please, shun darkness, and like trees, always seek to grow toward the light.



As for extraordinary things, all the provision in the world would not suffice.

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The bigger the crowd the better really! The noise calms your nerves.

The bigger the crowd the better really! The noise calms your nerves.




Quote Description


This page presents the quote "Every government, from the Obama administration right through to Angela Merkel, the Eurozone and the IMF, promise to save the banks, not the economy.". Author of this quote is Michael Hudson. This quote is about eurozone, promise, angela, government, administration, imf, economy,.