A Quote by Michael Hudson
Debtors will seek to cancel their debts. Creditors will try to collect, and the more they succeed, the more they will impoverish the economy.
Related Quotes
Let us live in as small a circle as we will, we are either debtors or creditors before we have had time to look around.
This is not a zero-sum game. We know that if we provide access and education, particularly where there are gaps in the market, we will create more jobs, we will create more growth, and we will create more activity in the U.S. market, which will be good for our economy.
The more obstinately you try to learn how to shoot the arrow for the sake of hitting the goal, the less you will succeed in the one and the further the other will recede. What stands in your way is that you have a much too willful will. You think that what you do not do yourself does not happen.
I choose faithfulness...Today I will keep my promises. My debtors will not regret their trust. My associates will not question my word. My wife will not question my love. And my children will never fear that they father will not come home.
The Spirit tells me - Fidel Castro will die - in the 90s. Oooh my! Some will try to kill him and they will not succeed. But there will come a change in his physical health, and he will not stay in power, and Cuba will be visited of God.
Greece will not manage to get back on its feet without restructuring its debt. There is no way around it. The country's creditors will have to reduce a portion of its debts by extending maturity dates, lowering interest rates or giving them what's called a 'haircut' in financial jargon.
The more times and the more different things you try, the more likely it is that you will succeed.
The more obstinately you try to learn how to shoot the arrow for the sake of hitting the goal, the less you will succeed in the one and the further the other will recede.
If you cut taxes on the rich, they'll get so excited and go into so much busy economic activity, that the economy will grow and your tax revenues will actually rise. So cut taxes, collect more taxes. It is a miracle.
The right art is purposeless, aimless! The more obstinately you try to learn how to shoot the arrow for the sake of hitting the goal, the less you will succeed in the one and the further the other will recede.
I will cancel every illegal Obamacare executive order. I will cancel all federal funding to sanctuary cities. Out.
Getting the economy back on its feet is properly viewed as an investment in future prosperity. When businesses and consumers confront attractive investment opportunities, often the only way to seize them is by borrowing. The same is true for government. Contrary to the pronouncements of critics of economic stimulus, these investments will not impoverish our grandchildren. Continuing to allow the economy to languish in recession is the surest way to impoverish them.
The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off.
My mom always told me the more you try, the more you will succeed in everything you set out to do.
If debtors can reasonably expect that the government will swoop in from time to time to bail them out, no one has any incentive to pay his debts.
As you accept the responsibility to seek after truth with an open mind and a humble heart, you will become more tolerant of others, more open to listen, more prepared to understand, more inclined to build up instead of tearing down, and you will be more willing to go where God wants you to go.
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