Michael Hudson (economist)

"...if you increase living standards you make labor more productive. This is why Asia today is becoming more productive than the United States."

"The taproots feeding financial power are real estate rent, natural resource rent and monopoly rent.... Instead of investing in plant and equipment to hire more labor to produce more output, money is m…"

"You could say that GDP and prosperity and wealth grows fastest when income tax rates are highest. And wealth slows, the economy slows, when taxes are cut. That's counter intuitive but if you look at a…"

"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”."

"Overconsumption by US citizens, US buy-outs of foreign companies and dollars the Pentagon spends abroad all end up in foreign central banks. These governments face a hard choice: either recycle the do…"

"Most World Bank loans are for transportation, roads, harbor development and other infrastructure needed to export minerals and plantation crops. The World Bank doesn’t make loans for projects that hel…"

"The neoliberal strategy is a new Dark Age of enclosures and privatization that will bury the Enlightenment's drive to free economies from rentier privilege.... In this war the financial powers and oth…"

"So the Bush-Obama administration has taken a fiscal stance diametrically opposed to that of the patron saint of free enterprise. While escalating war in Afghanistan and maintaining over 850 military b…"