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Michael Hudson Quotes: Governments create money and spend it into the economy by running budget deficits. The paper currency in your pocket is technically a government debt.
         

Governments create money and spend it into the economy by running budget deficits. The paper currency in your pocket is technically a government debt.


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

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



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



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

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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."

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The ignorant mind, with its infinite afflictions, passions, and evils, is rooted in the three poisons. Greed, anger, and delusion.

The ignorant mind, with its infinite afflictions, passions, and evils, is rooted in the three poisons. Greed, anger, and delusion.



Statesman, yet friend to truth! of soul sincere, In action faithful, and in honour clear; Who broke no promise, serv'd no private end, Who gain'd no title, and who lost no friend.

Statesman, yet friend to truth! of soul sincere, In action faithful, and in honour clear; Who broke no promise, serv'd no private end, Who gain'd no title, and who lost no friend.



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Quote Description


This page presents the quote "Governments create money and spend it into the economy by running budget deficits. The paper currency in your pocket is technically a government debt.". Author of this quote is Michael Hudson. This quote is about paper, government debt, currency, money, running, economy,.