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Michael Hudson (economist)

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To the deficit commission, a depression is the solution to the problem, not a problem. - December 16, 2010

 
Michael Hudson (economist)

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The problem of induction is, roughly speaking, the problem of finding a way to prove that certain empirical generalizations which are derived from past experience will hold good also in the future. There are only two ways of approaching this problem on the assumption that it is a genuine problem, and it is easy to see that neither of them can lead to its solution.

 
Alfred Jules Ayer
 

The problem of establishing a perfect civic constitution is dependent upon the problem of a lawful external relation among states and cannot be solved without a solution of the latter problem.

 
Immanuel Kant
 

The problem of thermonuclear reactions is not a usual physics problem. This is a problem that must transform society and the world. Our generation, which gave to mankind atomic energy and thermonuclear energy in the form of explosions, is responsible to humanity for solving the main problem of energy Ė obtaining energy from water. People are waiting for the solution of this problem. Our duty is to solve it within the lifetime of our generation, and therefore we must set out on this path.

 
Gersh Budker
 

I think the government solution to a problem is usually as bad as the problem and very often makes the problem worse.

 
Milton Friedman
 

The answer is in the problem, not away from the problem. I go through the searching, analysing, dissecting process, in order to escape from the problem. But, if I do not escape from the problem and try to look at the problem without any fear or anxiety, if I merely look at the problem ó mathematical, political, religious, or any other ó and not look to an answer, then the problem will begin to tell me. Surely, this is what happens. We go through this process and eventually throw it aside because there is no way out of it. So, why canít we start right from the beginning, that is, not seek an answer to a problem? ó which is extremely arduous, isnít it? Because, the more I understand the problem, the more significance there is in it. To understand, I must approach it quietly, not impose on the problem my ideas, my feelings of like and dislike. Then the problem will reveal its significance. Why is it not possible to have tranquillity of the mind right from the beginning?

 
Jiddu Krishnamurti
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