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Michael Hudson Quotes: Paying debt service to banks leaves less income to buy goods and services.
         

Paying debt service to banks leaves less income to buy goods and services.


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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When you steal from an artist you are stealing their blood, sweat and tears.

When you steal from an artist you are stealing their blood, sweat and tears.



Devotion to the family and devotion to the Church are not different and separate things.

Devotion to the family and devotion to the Church are not different and separate things.



I appreciate short, perfect pop songs.

I appreciate short, perfect pop songs.



The sun had gone down behind the tall apartments of the movie stars in the West Fifties, and the unclear voices of children, already gathered like crikets on the grass, rose through the hot twilight.

The sun had gone down behind the tall apartments of the movie stars in the West Fifties, and the unclear voices of children, already gathered like crikets on the grass, rose through the hot twilight.



There is no sin so profound, no despondency so low, no misery so abject, but the love of Christ is deeper.

There is no sin so profound, no despondency so low, no misery so abject, but the love of Christ is deeper.



The most damaging phrase in the language is: 'It's always been done that way.'

The most damaging phrase in the language is: 'It's always been done that way.'



I therefore have to use The Force. And weirdly, this doesn't work very well. I don't understand why, because on the last census, I put my religion down as Jedi Knight.

I therefore have to use The Force. And weirdly, this doesn't work very well. I don't understand why, because on the last census, I put my religion down as Jedi Knight.



Being able and willing to complain is what makes us rational and moral animals, capable of seeing and articulating the difference between how things are and how they should be.

Being able and willing to complain is what makes us rational and moral animals, capable of seeing and articulating the difference between how things are and how they should be.



People appreciating my performance is good enough for me. I don't care much for awards and have never given it much thought. And anyway, I can't play the games people play to win awards.

People appreciating my performance is good enough for me. I don't care much for awards and have never given it much thought. And anyway, I can't play the games people play to win awards.



I don't want to play 10 years and then die of a heart attack when I'm 40.

I don't want to play 10 years and then die of a heart attack when I'm 40.




Quote Description


This page presents the quote "Paying debt service to banks leaves less income to buy goods and services.". Author of this quote is Michael Hudson. This quote is about paying debts, goods and services, debt, income,.