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Small banks that lend to consumers are fine.
The one sure mark of a con, though, is the promise of free money.
Nothing could be better for the economy than to get rid of fracking.
What's bad for the frackers usually is good for the rest of the world.
You have the economic vocabulary turning into vocabulary of deception.
The economy is being run primarily by the banks for their own interest.
Paying debt service to banks leaves less income to buy goods and services.
To save the banks, you would have to turn the entire Eurozone into Greece.
In fact, there's no way that banks can be paid everything that they're owed.
I think the less fracking there is, the better it is for the economy and society.
Actually, high housing prices don't help the economy. They raise the cost of living.
We go forward with our heads held high, but look back and remember where we come from.
To the deficit commission, a depression is the solution to the problem, not a problem.
That's the "magic" of double-taxation treaties: you can shop around for the lowest taxer.
Either you can save the economy, or you can save the One Percent from losing a single penny.
If the economy is growing, people want to employ more workers. If you hire more labor, wages go up.
The companies aren't hiring, because consumers don't have enough money to buy the goods and services.
Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.
We're still in the collapse that began after 2008. There's not a new collapse, there hasn't been a recovery.
Inflation usually helps the economy at large, but not the 1% if wages rise. So the 1% says that it is terrible.
You have a choice. Either you can have more oil, or more clean water. Fracking is not good for the water supply.
Europe is acting in a very self-destructive manner, but is doing so because it's trying to be loyal to the United States.
When you say "paying the banks," what they really mean is paying the bank bondholders. They are basically the One Percent.
I don't think that governments should permit speculation in raw materials, because they're what the economy basically needs.
Trump's claims that he's making taxes more democratic for the people, but it actually is a vast sucking of income and wealth upward.
On the flat tax, the more you compress the tax rates, the more you untax where the income is really made, at the top of the pyramid.
Textbooks don't teach people how to avoid paying any income tax. But that's what an army of tax lawyers and corporate tax accountants do.
If you increase living standards, you make labor more productive. This is why Asia today is becoming more productive than the United States.
I think we're in the take-the-money-and-run stage of the economy. So the banks may go under, but the bankers, who make the policy, clean up.
Debtors will seek to cancel their debts. Creditors will try to collect, and the more they succeed, the more they will impoverish the economy.
Trump's junk economics is the illusion that if we cut the taxes on the wealthiest brackets, it'll all trickle down. But it doesn't trickle down.
The United States Government has fought against creation of an international court to adjudicate the ability of national economies to pay debts.
Every government, from the Obama administration right through to Angela Merkel, the Eurozone and the IMF, promise to save the banks, not the economy.
Most of the European leaders look at themselves as having to follow the United States, because if the US opposes them, there will be a regime change.
Governments create money and spend it into the economy by running budget deficits. The paper currency in your pocket is technically a government debt.
When we say "people worry" about inflation, it's mainly bondholders that worry. The labor force benefitted from the inflation of the '50s, '60s and '70s.
The natural geopolitical arrangement is for Europe to be part of Eurasia, especially for Germany to develop trade and investment relationships with Russia.
Money is not a factor of production. But in order to have access to credit, in order to get money, in order to get an education, you have to pay the banks.
There really isn't a recovery, and no signs of it on the horizon, because people have to pay the banks. It's a vicious circle - or rather, a downward spiral.
If you look at payments to labor as a proportion of national income or gross domestic product, you find profits going way up, investment and savings going up.
In order to be an economist these days, you have to participate in this fairytale that somehow we can recover and still make the banks rich. And it is a fairytale.
Needless to say, banks and bondholders do not want to promote any arguments explaining the limits to how much can be paid without pushing economies into depression.
Europe is creating the flight of refugees that's tearing it apart politically, and leading rightwing nationalist parties to gain power to withdraw from the Eurozone.
A derivative is a bet on whether a stock, or a bond or a real estate asset, is going to go up or down. There's a winner and a loser. It's like betting on a horserace.
No price is too high to pay to try to make the financial system go on a little bit longer. But ultimately it can't be saved, because of the mathematics that are involved.
If you end internet neutrality and permit mergers of the big information technology corporations, that's a form of rent seeking. It's part of today's political revolution.
The vast majority of $100 bills are abroad, not in the United States. So yes, of course there's a use here but nowhere near as much as there's a use for $100 bills abroad.
When Hillary Clinton said she's going to do just what Obama does and we're going to continue to recover, most people know that we're not recovering at all. We're shrinking.
A bubble is only called that after it bursts, after the insiders get out, leaving the pension funds and small investors, Canadians and other naïve investors holding the bag.
Basically, unless you're willing to write down debts and save the economy, you're going to have deflation and a steady drain in purchasing power - that is, shrinking markets.