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

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


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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She is probably slightly too old to pout, but they've been going out a short enough time for it still to be cute.

She is probably slightly too old to pout, but they've been going out a short enough time for it still to be cute.



My old man says when it's time to be counted, the important thing is to be man enough to stand up.

My old man says when it's time to be counted, the important thing is to be man enough to stand up.



If you want to increase your success rate, double your failure rate.

If you want to increase your success rate, double your failure rate.



In conclusion, I invite the media to all grow a pair. And if you can't, I will lend you mine.

In conclusion, I invite the media to all grow a pair. And if you can't, I will lend you mine.



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Ive always believed very, very strongly that the way you treat people is more important than anything, professionally or otherwise.

Ive always believed very, very strongly that the way you treat people is more important than anything, professionally or otherwise.



The only lost cause is one we give up on before we enter the struggle.

The only lost cause is one we give up on before we enter the struggle.




Quote Description


This page presents the quote "Inflation usually helps the economy at large, but not the 1% if wages rise. So the 1% says that it is terrible.". Author of this quote is Michael Hudson. This quote is about inflation, helping, terrible, wages, economy,.