Michael Hudson (economist) quotes

The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the ‘real' economy's ability to carry this debt. ... The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor. (Michael Hudson (economist))
To the deficit commission, a depression is the solution to the problem, not a problem. View quote
Michael Hudson (economist)
...if you increase living standards you make labor more productive. This is why Asia today is becoming more productive than the United States. View quote
Michael Hudson (economist)
The one sure mark of a con, though, is the promise of free money. View quote
Michael Hudson (economist)