A Quote by Michael Hudson

When economists speak of money, they neglect that all money and credit is debt. That is the essence of bookkeeping and accounting. There are always two sides to the balance sheet. And one party’s money or savings is another party

Michael Hudson

Quote Topics

Accounting Always Another Balance Bookkeeping Credit Debt Economists Essence Money Neglect One Party Party Savings Sheet Sides Speak Two Two Sides

Quote Author

Michael Hudson
American - Professor
Born: 1939

To walk in money through the night crowd, protected by money, lulled by money, dulled by money, the crowd itself a money, the breath money, no least single object anywhere that is not money. Money, money everywhere and still not enough! And then no money, or a little money, or less money, or more money but money always money. and if you have money, or you don't have money, it is the money that counts, and money makes money, but what makes money make money?

Henry Miller

Money you know you need or want to spend in the next few years is savings. Money you keep handy for an emergency belongs in savings. Money you hope to use soon for a down payment on a house belongs in savings. And all savings belong in a low-risk bank savings account or money market account.

Suze Orman

I have been saying for the some time now that America has only one party - the property party. It's the party of big corporation, the party of money. It has two right wings; one is Democrat and the other is Republican.

Gore Vidal

When Donald Trump raises money for the party, raises money, a lot of that money goes to the party, and that's fine. If you're doing a door-knocking program, for example, in Wisconsin, it also helps Ron Johnson who's running for senate. It helps the congressional candidates.

Kellyanne Conway

'Fun money' is another thing that makes no sense to traditional economists. Because there's just money; there's no 'fun money.' It's all supposed to be the same.

Richard Thaler

I had a party to raise money, spent 15 grand on the party alone. People ate, drank and left. I thought all these bigwig ballplayers would give; you know I had all the big players come. Nothing, I lost money on that party. I think maybe someone put like $400 in the pot or something. I was like come on, throw me a bone!

Terry Crews

Get your money in balance. One rule of thumb is 50/30/20. Spend about 50% of your money on must-haves - things like rent, car payments - and about 30% on wants, while 20% should go toward savings and paying down debt.

Elizabeth Warren

Those carrying a credit card balance should scale back to making the minimum payment each month so they have more money to put into savings.

Suze Orman

For after all, what is there behind, except money? Money for the right kind of education, money for influential friends, money for leisure and peace of mind, money for trips to Italy. Money writes books, money sells them. Give me not righteousness, O lord, give me money, only money.

George Orwell

I kept auditioning, with no savings and no money, credit card debt gaining interest. I went on unemployment. I bought ramen noodles at dollar stores. I never had to - God forbid - live on the streets.

Chrissy Metz

Everybody wants to make some money, but they really love what they do. You got others who are just "money, money, money," and fast life and women and everything. They go a whole other route. That's a fight of good vs. evil. A balance. It seems that more of these stations are pushing a negative side instead of keeping a balance, and to me, that's a conspiracy that's going on all over the planet.

Afrika Bambaataa

It doesn't cost money to let people keep more of their own money. It costs money to spend money you don't have, but that's another issue.

Mick Mulvaney

The problem is indeed that one party's debt finds its counterpart in some other party's savings. Not paying debts therefore involves annulling some other party's financial claims on the debtor.

Michael Hudson

There is no real third party in America. There's this one party that has two sides to it - the Democratic and Republican side. It's one party that has two heads.