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"The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt. [...] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor."

— Michael Hudson
michael hudson Quotes Saving,Spheres,Estates

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Michael Hudson
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Religion exalts mystery as an unknowable secret that must be sealed in glass like the corpse of an enchanted princess and fearfully worshipped from afar. Initiation, on the other hand, requires direct participation and demands each of us to smash the casket and press mad lips to mystery, wooing her as a lover who will offer up her treasurers in a succession of sweet surrenders. This she will do, but only in exact ratio to our evolving ability and worthiness to receive them.

— Lon Milo DuQuette

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Graham Wallas has reminded us that writing as compared with speaking involves an impression at the second remove and reading an impression at the third remove. The voice of a second-rate person is more impressive than the published opinion of superior ability.

— Harold Innis

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