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 …

- Michael Hudson

A stand in is a politician who can deliver her constituency to her Wall Street backers. That's what a politician does in America. You get a constitue…

- Michael Hudson

Debts grow and grow. And the more they grow, the more they shrink the economy. When you shrink the economy, you shrink the ability to pay the debts, …

- Michael Hudson

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

- Michael Hudson

Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.

- Michael Hudson

You have a choice. Either you can have more oil, or more clean water. Fracking is not good for the water supply.

- Michael Hudson

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 clas…

- Michael Hudson

What do the 5%, or the 1% actually use their money for? They lend it back to the economy at large, they load it down with debt. They make their money…

- Michael Hudson

The ideological foundation of today's business schools is that economic control should be shifted out of government hands into those of financial man…

- Michael Hudson