Michael Hudson
Michael Hudson
fracking economy
Nothing could be better for the economy than to get rid of fracking.
thinking fracking economy
I think the less fracking there is, the better it is for the economy and society.
cost-of-living helping economy
Actually, high housing prices don't help the economy. They raise the cost of living.
running economy interest
The economy is being run primarily by the banks for their own interest.
debt pay economy
Mathematically, debts grow exponentially at compound interest. Banks recycle the interest into new loans, so debts grow exponentially, faster than the economy can afford to pay.
wages helping economy
Inflation usually helps the economy at large, but not the 1% if wages rise. So the 1% says that it is terrible.
promise economy
Every government, from the Obama administration right through to Angela Merkel, the Eurozone and the IMF, promise to save the banks, not the economy.
losing economy
Either you can save the economy, or you can save the One Percent from losing a single penny.
corner forces lebanon others seriously sufficient supporters turn unlikely
Certainly, anti-Syrian forces in Lebanon feel on the defensive, nervous, frightened, depressed. The Syrians may be out in one way, but in others they're always right around the corner and have sufficient friends and supporters in Lebanon that make it unlikely it will turn into a seriously anti-Syrian place.
among construct difficult government iraqi military militia security situation tainted
It's very difficult for the Iraqi government to govern because the security situation is still very unstable. Among the most pressing problems, the most pressing is to try to construct a military and security bureaucracy that is not essentially tainted by militias or militia loyalties.
adam avoiding banks care central debts dollar foreign fund government health intend paying pension private repay smith trillion
They're never going to be repaid. Adam Smith said that no government had ever repaid its debts and the same can be said of the private sector. The U.S. government does not intend to repay its trillion dollar debt to foreign central banks and, even if it did intend to, there's no way in which it could. Most of the corporations now are avoiding paying their pension fund debts and their health care debts.
advantage certainly county experience gain lead road serve
If I serve well as county commissioner, the experience I gain could lead to other opportunities down the road that I will certainly take advantage of.
fall mean europe
Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what's happening as deliberate policy in Europe and the United States. Falling or stagnant prices are simply the result of having less income to spend.
loss people house
The aim of promoting low down payments is to push prices back up so that fewer houses are going to be in negative equity and fewer people are going to walk away from the mortgages. That will save the from taking a loss on their junk mortgage loans.