“The two things that matter are the desire, and being healthy enough to do it. Everything else to me is a non-issue.” Quote by Milo Aukerman
“Once it stops being fun, we won't be able to do it anymore. People are going to know that we're not having fun, and we're going to know that we're not having fun. So at that point, it just ends.” PeopleFunHaving Fun Author:Milo Aukerman
“So, what people are actually left with to spend is maybe 25 to 30% of their income on goods and services, after paying taxes and after paying the FIRE sector (Finance, Insurance, Real Estate). Whether it's housing insurance or mortgage insurance. So there's an idea of distracting people. Don't think of your condition. Think of how the overall economy is doing. But don't think of the economy as an overall unit. Think of the stock market as the economy. Think of the rich people as the economy. Look at the yachts that are made. Somebody's living a lot better. Couldn't it be you?” PeopleThinkingRealEconomyRichTaxesFinanceRich PeopleThink Of YouMortgageYacht Author:Michael Hudson
“You have the economic vocabulary turning into vocabulary of deception.” EconomicDeception Author:Michael Hudson
“Everyone from Adam Smith, John Stewart Mill, they were all reforms. What they wanted to reform was getting rid of this parasitic landlord class that had conquered England in 1066 and it's the heirs of the military warlords who ended up taking the land and making everybody pay them and all of their descendants just for having been conquered. You can see the carry-over of this today. The rent that people have to pay, the money they have to pay the banks instead of having a public option. That's the price they still have to pay for being conquered.” PeopleTodayMilitaryLandlord Author:Michael Hudson
“Most of these charges that people pay are economically unnecessary. There's no real cost behind them. There's no real value behind them. So, they're what the classical economist called empty pricing. Prices with no real cost value. What they called rent and fictitious capital. Capital claims on junk mortgage borrowers. The pretense is that all these debts can be paid but it's all fictitious, because everybody knows - at least on Wall Street everybody knows - that many debts can't be paid.” PeopleRealValuesWallEmptyUnnecessaryEconomistPretenseMortgage Author:Michael Hudson
“A stand in is a politician who can deliver her constituency to her Wall Street backers. That's what a politician does in America. You get a constituency; you make them believe your promises, and then you turn them over to your financial campaign backers. That's what politics has become and that's as much an art of deception as economics is.” BelieveArtWallPoliticianPromiseFinancialDeception Author:Michael Hudson
“Today's national income statistics make it appear that Goldman Sachs is productive. As if Donald Trump plays a productive role. The aim is to make it appear that people who take money from the rest of the economy without working are productive, despite not really providing any service that actually contributes to GDP and economic growth.” PeopleGrowthEconomyEconomicAimProductiveEconomic Growth Author:Michael Hudson
“Prayer does not change God, but it changes him who prays.” DoeGodPrayerPrayingThriveChange God Author:Soren Kierkegaard
“People think that this concept of GDP is scientific economics, partly because it has a precise number and can be quantified. But the underlying concept of "the market" makes it appear as if today's poverty is natural. It makes it appear that Goldman Sachs and Donald Trump are job creators instead of job destroyers. That is illogical, when you think about it.” PeopleThinkingNaturalPovertyIllogical Author:Michael Hudson