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Michael Hudson Quotes: The economy is being run primarily by the banks for their own interest.
         

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


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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Our Phoenician ancestors never left anything they undertook unfinished. Consider what they accomplished in their days, and the degree of culture they attained.

Our Phoenician ancestors never left anything they undertook unfinished. Consider what they accomplished in their days, and the degree of culture they attained.



It doesn´t come later. Everything you´re supposed to do is here right now.

It doesn´t come later. Everything you´re supposed to do is here right now.



In reality, however, an artist is a product of art

In reality, however, an artist is a product of art



It's time for the [Confederate] Flag to come down, because it just doesn't represent who we are as a people, as Americans anymore.

It's time for the [Confederate] Flag to come down, because it just doesn't represent who we are as a people, as Americans anymore.



Boxing is strange to watch. It's impossible to take your eyes off of it. Part of our brains like to watch violence. At the same time, it's horrifying to watch two men try to knock each other out.

Boxing is strange to watch. It's impossible to take your eyes off of it. Part of our brains like to watch violence. At the same time, it's horrifying to watch two men try to knock each other out.



Ability to have that sort of feedback loop with your readers to me felt incredibly powerful.

Ability to have that sort of feedback loop with your readers to me felt incredibly powerful.



He [Percy] pleaded with those sea-green eyes, like a cute baby seal that needed help. Piper wondered how Annabeth ever won an argument with this guy.

He [Percy] pleaded with those sea-green eyes, like a cute baby seal that needed help. Piper wondered how Annabeth ever won an argument with this guy.



Staples are only good if they truly suit our lifestyle.

Staples are only good if they truly suit our lifestyle.



If you're too big to fit into fashion, then you just have to do your own fashion.

If you're too big to fit into fashion, then you just have to do your own fashion.



I think if you're gonna run your mouth at somebody and they call you out on it - that's it!

I think if you're gonna run your mouth at somebody and they call you out on it - that's it!




Quote Description


This page presents the quote "The economy is being run primarily by the banks for their own interest.". Author of this quote is Michael Hudson. This quote is about economy, interest, running,.