Michael Hudson Quotes About Borrowing

Quotes about: Borrowing

• Today, people are having to spend so much of their money, to acquire a house and to get an education that they don't have enough to spend on goods and services, except by running into yet more debt on their credit cards and other borrowings.

  Michael Hudson

  Running, People, House

  Source: www.counterpunch.org

• You're having government spending on the economy being cut almost everywhere. That means that the only source of spending for growth has to come from borrowing from the banking system.

  Michael Hudson

  Mean, Cutting, Government

  Source: www.counterpunch.org

• Debtor countries may postpone the inevitable by borrowing from the IMF or U.S. Treasury to buy out bondholders. This saves the latter from taking a loss - leaving the debtor country with debts that are even harder to annul, because they are to foreign governments and international institutions.

  Michael Hudson

  Country, Loss, Leaving

  Source: www.counterpunch.org

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