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Michael Hudson Quotes: You're having government spending on the economy being cut almost everywhere. That means that the only source of spending for growth has to come from borrowing from the banking system.
         

You're having government spending on the economy being cut almost everywhere. That means that the only source of spending for growth has to come from borrowing from the banking system.


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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Your gaze is very powerful, but trust me, it won't open that door

Your gaze is very powerful, but trust me, it won't open that door



At times like this, Eryn didn't feel like they were just twins. They were teammates. They were partners. They were two halves of the same brain.

At times like this, Eryn didn't feel like they were just twins. They were teammates. They were partners. They were two halves of the same brain.



I went to England because somebody told me to, and I loved it. And, "blessed" is a silly word to use for some people, but that's how I feel. I feel blessed.

I went to England because somebody told me to, and I loved it. And, "blessed" is a silly word to use for some people, but that's how I feel. I feel blessed.



The greatest multiplex in the universe is inside your mind, and the only ticket you need is a good, well-written novel.

The greatest multiplex in the universe is inside your mind, and the only ticket you need is a good, well-written novel.



You're so far off base this time you can't even see the base!

You're so far off base this time you can't even see the base!



A woman scoffs at evidence. Show her the sun, tell her it is daylight, at once she will close her eyes and say to you, "No, it is night.

A woman scoffs at evidence. Show her the sun, tell her it is daylight, at once she will close her eyes and say to you, "No, it is night.



I grew up with such an affinity to cats. I adore the way that they think and operate.

I grew up with such an affinity to cats. I adore the way that they think and operate.



Peace we want because there is another war to fight against poverty, disease and ignorance.

Peace we want because there is another war to fight against poverty, disease and ignorance.



The most important thing is to write in your own blood. I bare intimate feelings because people should know how other people feel.

The most important thing is to write in your own blood. I bare intimate feelings because people should know how other people feel.



Nobody wants to feel they're not a rebel.

Nobody wants to feel they're not a rebel.




Quote Description


This page presents the quote "You're having government spending on the economy being cut almost everywhere. That means that the only source of spending for growth has to come from borrowing from the banking system.". Author of this quote is Michael Hudson. This quote is about government spending, source, government, spending, growth, mean, banking system, cutting, economy,.