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Michael Hudson Quotes: As you have to pay more interest and amortization on what you owe, you're left with less and less money to buy goods and services - unless you borrow even more and go further into debt.
         

As you have to pay more interest and amortization on what you owe, you're left with less and less money to buy goods and services - unless you borrow even more and go further into debt.


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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I drive a motorbike, so there is the whiff of the grim reaper round every corner, especially in London.

I drive a motorbike, so there is the whiff of the grim reaper round every corner, especially in London.



The ‘wounded men’ may, I argue, represent a form of shamanistic suffering, ‘death’ and initiation that was closely associated with somatic hallucinati

The ‘wounded men’ may, I argue, represent a form of shamanistic suffering, ‘death’ and initiation that was closely associated with somatic hallucinati



You will never be pretty enough, skinny enough, smart enough, successful enough, or famous enough for the media

You will never be pretty enough, skinny enough, smart enough, successful enough, or famous enough for the media



Not even in this world does sin pay its servants good wages.

Not even in this world does sin pay its servants good wages.



I like rough edges. That's what makes a person real.

I like rough edges. That's what makes a person real.



Thank goodness I had a great family growing up, a great foundation. But I will say my faith, my parents, my family, all that stuff is very, very important. And I'll say that until the day I die.

Thank goodness I had a great family growing up, a great foundation. But I will say my faith, my parents, my family, all that stuff is very, very important. And I'll say that until the day I die.



He was one of the few political leaders I have ever met whose public speeches revealed more than his private conversations. [On Ronald Reagan]

He was one of the few political leaders I have ever met whose public speeches revealed more than his private conversations. [On Ronald Reagan]



I went on to Cincinnati. I had got a taste of the big cities and them bright lights. I stayed there until I was about 18 or 19 and then I went on to Detroit.

I went on to Cincinnati. I had got a taste of the big cities and them bright lights. I stayed there until I was about 18 or 19 and then I went on to Detroit.



After practice, I would have to go back to the dorm and take a nap.

After practice, I would have to go back to the dorm and take a nap.



Wicked Tribe, Rooling Tribe! is the mejor hacker tribe. Too small, too fast, too scientific!

Wicked Tribe, Rooling Tribe! is the mejor hacker tribe. Too small, too fast, too scientific!




Quote Description


This page presents the quote "As you have to pay more interest and amortization on what you owe, you're left with less and less money to buy goods and services - unless you borrow even more and go further into debt.". Author of this quote is Michael Hudson. This quote is about money, left, debt, interest, goods and services, pay,.