Michael Hudson Economy Quotations

Nothing could be better for the economy than to get rid of fracking.

I think the less fracking there is, the better it is for the economy and society.

Actually, high housing prices don't help the economy. They raise the cost of living.

The economy is being run primarily by the banks for their own interest.

Mathematically, debts grow exponentially at compound interest. Banks recycle the interest into new loans, so debts grow exponentially, faster than the economy can afford to pay.

Inflation usually helps the economy at large, but not the 1% if wages rise. So the 1% says that it is terrible.

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

Either you can save the economy, or you can save the One Percent from losing a single penny.