Same topic Authors
Quote of the day

As for my interest in diversity, I believe it is closely aligned with my work on the project, Giving Voice To Values. That is, there are often times when we may witness or personally experience situations where some individuals are not treated with the same respect or care as others, precisely due to some difference in their identities, their styles, their experiences, or their perspectives. Often it is difficult to speak up in such a situation, for ourselves or for others.

Popular Topics
Soccer, Food, Butterfly, Education, Happy, Alien, Love, Music, Leadership, Book, Light, Quiet, Once Upon A Time, Ocean, Value Of Life, Evidence, America, Passive, Acknowledge, Gossip, Achievement, Weak, Inspiration, Diamond, Wonderful, Football, Angry, Mother'S Day, Dress, Integrity, Pleasures Of Life, Future, Smile, Jesus, Funny, Path Of Love, Quite, Things, Goodbye, I Like You, Love You, Things In Life, Justice, Inspiring, Success, Excellent, Life Is Like, Life Is Good, Job, Dance
Michael Hudson

Paying debt service to banks leaves less income to buy goods and services.

Banks, Goods And Services, Income, Paying Debts, Service
Same Author Quotes

We go forward with our heads held high, but look back and remember where we come from.

Come, Forward, Inspirational, Moving Forward, Moving On, Remember

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 by lending to the bottom 95%, or the bottom 99%. When you give them more after-tax income, it enables them to buy even more control of government, even more control of election campaigns. They're not going to spend this money back into the goods-and-services economy.

Economy, Enables, Giving, Government, Income, Load

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

Free Money, Mark, Money, Promise, Though

So we are in for years of debt deflation. That means that people have to pay so much debt service for mortgages, credit cards, student loans, bank loans and other obligations that they have less to spend on goods and services. So markets shrink. New investment and employment fall off, and the economy is falls into a downward spiral.

Fall, Markets, Mean, People, Service

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 carry this debt. [. . . ] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.

Build, Essence, Lying, Overhead, Problems, Real
Similar Quotes