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There are essentially two types of society: mixed economies with public checks and balances, and oligarchies that dismantle and privatize the state, taking over its monetary and credit system, the land and basic infrastructure to enrich themselves but choking the economy, not helping it grow.

— Michael Hudson

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More quotes by Michael Hudson

The one sure mark of a con, though, is the promise of free money.

If you look at the speeches he gave just before he left the Fed, it's pretty much “After me - the Deluge. I'm getting out while my reputation's intact”.

To the deficit commission, a depression is the solution to the problem, not a problem.

The only way left for U.S. diplomats to block European purchases is to goad Russia into a military response and then claim that avenging this response outweighs any purely national economic interest.

Rent is what John Stuart Mill said landlords make in their sleep. They make it without work. They do not play a productive role.

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Attribution

Quote text and notes from Wikiquote: Michael Hudson (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.