A Quote by Michael Hudson

Throughout history, the only way of restoring stability is to write down the debts. That is treated now as if it's something that can't be done. But it's the only thing that's going to revive the economy.

Michael Hudson

Quote Topics

Debts Done Down Economy Going History Now Only Restoring Revive Something Stability The Only Thing Thing Throughout Treated Way Write

Quote Author

Michael Hudson
American - Professor
Born: 1939

Basically, unless you're willing to write down debts and save the economy, you're going to have deflation and a steady drain in purchasing power - that is, shrinking markets.

Michael Hudson

Marriage is a core institution of societies throughout the world and throughout history. Its something that has provided permanence and stability for our very social structure.

David Vitter

Marriage is a core institution of societies throughout the world and throughout history. It's something that has provided permanence and stability for our very social structure.

David Vitter

We're at the end of long cycle that began in 1945, loading the economy with debt. We're not going to be able to get out of it until you write down the debts. But that's what the IMF believes is unthinkable. It can't say that, because it's supposed to represent the interest of the banks.

Michael Hudson

What we have really now is a one-state outcome in which Israel is the one and only state between the Jordan River and the sea. It can do whatever it wants virtually throughout the area. But that's not the kind of a state that's going to be a basis for peace and stability in the region.

Ian Lustick

Performing arts was something I was always part of. That was may be the only common thread that ran throughout my education, throughout my schooling years. But apart from that, there were no friends or no long term associations. That was the only thing I knew was with me wherever I went.

Nimrat Kaur

Take the stupidest thing you've ever done. At least it's done. It's over. It's gone. We can all learn from our mistakes and heal and move on. But it's harder to learn or heal or move on from something that hasn't happened; something we don't know and is therefore indefinable; something which could very easily have been the best thing in our lives, if only we'd taken the plunge, if only we'd held our breath and stood up and done it, if only we'd said yes.

Danny Wallace

If what you seek is freedom, the only person who can teach you anything, the only person who can help you is someone who's already done it, who knows the way. No one else can do a damn thing for you but slow you down.

Frederick Lenz

And if you're going to criticize me for not finishing the whole thing and tying it up in a bow for you, why, do us both a favor and write your own damn book, only have the decency to call it a romance instead of a history, because history's got no bows on it, only frayed ends of ribbons and knots that can't be untied. It ain't a pretty package, but then it's not your birthday that I know of so I'm under no obligation to give you a gift.

Orson Scott Card

There are over 2 million cars standing in front of red lights with their engines going. Then we have over 2 million times approximately 100 horsepower being generated as they are idling there, so that we have something like 200 million horses jumping up and down and going nowhere. Now, we have to count that in our economy when we begin to get down to what is the efficiency of the economy.

R. Buckminster Fuller

Really, even in this whole Obama initiative, and everything that's going on with the economy, the only way to jump start it is we have to give each other opportunity. That's the only way to make it work.

Doug E. Fresh

I can't tell you why I choose stuff, it's really something I don't analyse. The only thing I can say is that a film has to demand to be made, I don't have a plan of what films I'm going to make. The only thing that I know now is that I'm not too crazy about doing things again that I've been into before.

Lars von Trier

Sometimes I catch myself doing something that I've already done. The more I've done, the more that's likely to happen. Then I just throw it away. I wait until I've got the right way of getting a thing done, which means my songwriting proceeds at a very slow pace. But it's the only way I can really work.

Bruce Cockburn

Debts grow and grow. And the more they grow, the more they shrink the economy. When you shrink the economy, you shrink the ability to pay the debts, so it's all an illusion that the system can be saved. The question is, how long are people going to be willing to live in this illusion?

Michael Hudson

Though my heart may be left of centre, I have always known that the only economic system that works is a market economy... This is the only natural economy, the only kind that makes sense, the only one that can lead to prosperity, because it is the only one that reflects the nature of life itself.