Michael Hudson Quotes

There Are Two Definitions Of Deflation. Most People Think Of It Simply As Prices Going Down. But Debt Deflation Is What Happens When People Have To Spend More And More Of Their Income To Carry The Debts That They've Run Up - To Pay Their Mortgage Debt, To Pay The Credit Card Debt, To Pay Student Loans.

Michael Hudson Quotes: There Are Two Definitions Of Deflation. Most People Think Of It Simply As Prices Going Down. But Debt Deflation Is

Michael Hudson Quotes: There Are Two Definitions Of Deflation. Most People Think Of It Simply As Prices Going Down. But Debt Deflation Is

Michael Hudson Quotes: There Are Two Definitions Of Deflation. Most People Think Of It Simply As Prices Going Down. But Debt Deflation Is

Michael Hudson Quotes: There Are Two Definitions Of Deflation. Most People Think Of It Simply As Prices Going Down. But Debt Deflation Is

Michael Hudson Quotes: There Are Two Definitions Of Deflation. Most People Think Of It Simply As Prices Going Down. But Debt Deflation Is

Michael Hudson Quotes: There Are Two Definitions Of Deflation. Most People Think Of It Simply As Prices Going Down. But Debt Deflation Is

Michael Hudson Quotes: There Are Two Definitions Of Deflation. Most People Think Of It Simply As Prices Going Down. But Debt Deflation Is

Michael Hudson Quotes: There Are Two Definitions Of Deflation. Most People Think Of It Simply As Prices Going Down. But Debt Deflation Is

Michael Hudson Quotes: There Are Two Definitions Of Deflation. Most People Think Of It Simply As Prices Going Down. But Debt Deflation Is

Michael Hudson Quotes: There Are Two Definitions Of Deflation. Most People Think Of It Simply As Prices Going Down. But Debt Deflation Is

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