Michael Hudson Quotes on Debts (1 Quote)


    They're never going to be repaid. Adam Smith said that no government had ever repaid its debts and the same can be said of the private sector. The U. S. government does not intend to repay its trillion dollar debt to foreign central banks and, even if it did intend to, there's no way in which it could. Most of the corporations now are avoiding paying their pension fund debts and their health care debts.


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