A Quote by Michael Hudson

I don't think that governments should permit speculation in raw materials, because they're what the economy basically needs. — © Michael Hudson
I don't think that governments should permit speculation in raw materials, because they're what the economy basically needs.
Fate is the raw materials of experience. They come uninvited and often unanticipated. Destiny is what a man does with these raw materials.
Since Europe is dependent on imports of energy and most of its raw materials, it can be subdued, if not quite conquered, without all those nuclear weapons the Soviets have aimed at it simply through the shipping routes and raw materials they control.
We're living in a time when the world has suddenly discovered India because it's run out of raw material for its imagination. The raw materials for imagination are inexhaustible here.
Gasoline prices are a direct reflection of the cost of the raw materials to produce the gasoline, no different than any other product that you would buy, whether it's a good or some other consumable, or it's a luxury item. It's all a function of what do the raw materials cost.
The ultimate resource in economic development is people. It is people, not capital or raw materials that develop an economy.
The 'environmental crisis' has happened because the human household or economy is in conflict at almost every point with the household of nature. We have built our household on the assumption that the natural household is simple and can be simply used. We have assumed increasingly over the last five hundred years that nature is merely a supply of 'raw materials,' and that we may safely possess those materials by taking them.... And so we will be wrong if we attempt to correct what we perceive as 'environmental' problems without correcting the economic oversimplification that caused them.
Expressing the thoughts of my comrades, I suggested, among other means, the organization of an international information service on inventories, on production, and on the needs of the various countries for raw materials.
It is quite easy to understand what China would need from the African continent with regards to its own economy, raw materials, oil and a market for manufactured goods. As I say it is not difficulty to understand and perfectly legitimate. There is nothing wrong with that.
The raw materials of reality without the glue of time are materials adrift and reality is as meaningless as the balsa parts of a model airplane scattered to the wind.
From the dawn of exact knowledge to the present day, observation, experiment, and speculation have gone hand in hand; and, whenever science has halted or strayed from the right path, it has been, either because its votaries have been content with mere unverified or unverifiable speculation (and this is the commonest case, because observation and experiment are hard work, while speculation is amusing); or it has been, because the accumulation of details of observation has for a time excluded speculation.
When a product is market driven, it should be able to pay for all its raw materials at market prices.
The physical fabric of the world had to be such as to enable that ten billion year preliminary evolution to produce the raw materials of life. Without it there would not have been the chemical materials to allow life to evolve here on earth.
I think you should start the first 90 minutes of Raw with a Paul Heyman promo and the second 90 minutes of Raw with Brock Lesnar wiping out the entire roster. But then again, that's my vision for Monday Night Raw.
I think it's particularly raw coming the day after the Electoral College, and Bill Clinton, he's taking this hard. It's been very hard to him. He thought his wife was gonna win. He believed she should have won. I think he believes, basically, it was an unfair result.
There's a certain degree of speculation that goes into valuations. In so far as the market supports a valuation, everyone who gets a great one deserves it, but they should also be cautious because that speculation is temporary. I saw Yahoo go from $100 billion to $10 billion. It's not a long-term measure.
One way to measure the size of a company, industry, or economy is to determine its output. But a better way is to determine its added value - namely, the difference between the value of its outputs, that is, the goods and services it produces, and the costs of its inputs, such as the raw materials and energy it consumes.
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