Michael Hudson Quotes About Writing

Quotes about: Writing

• 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

  Believe, Writing, Long

  Source: www.counterpunch.org

• We're in a chronic debt-deflation. There's no way we can recover unless you write down the debts. And that's what the IMF basically is implying (and it was explicit regarding Greece), but its not spelling it out, because that's not what can be said in polite company.

  Michael Hudson

  Writing, Debt, Way

  Source: www.counterpunch.org

• 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

  Writing, Shrinking, Debt

  Source: www.counterpunch.org

• 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

  Writing, Done, Debt

  Source: www.counterpunch.org

• facebook
• twitter
• googleplus
• email
• linkedin

• facebook
• twitter
• googleplus
• email
• linkedin