Michael Hudson Quotes About Parties

Quotes about: Parties

• Europe is creating the flight of refugees that's tearing it apart politically, and leading rightwing nationalist parties to gain power to withdraw from the Eurozone.

  Michael Hudson

  Party, Europe, Creating

  Source: www.counterpunch.org

• The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off.

  Michael Hudson

  Running, Party, Government

  Source: www.counterpunch.org

• America needs an ineffective president. That's much better than an effective president that's going to go to war with Russia, that's going to push for the Trans-Pacific Partnership, that's going to protect Wall Street, and that's going to oppose neoliberal austerity. I would much rather have an ineffective president than someone who's going to do these bad things that I fear is going to come from Hillary and the Democratic Party.

  Michael Hudson

  Wall, War, Party

  Source: www.counterpunch.org

• 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

  Party, Balance, Speak

  Source: www.counterpunch.org

• I think the Republican tax law is so bad that it almost guarantees a Republican victory, precisely because it's so bad. The seeming irony is that it's so bad that it enables the Democratic Party to think, "A-ha, all we have to do is be the lesser evil.

  Michael Hudson

  Party, Thinking, Evil

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