Quote of the Day by Michael Hudson: “The economy doesn't work for you — it works to extract from you.” Why the Super Imperialism author says America shifted from global creditor to debtor superpower

Quote of the Day by Michael Hudson: “The economy doesn't work for you — it works to extract from you.” U.S. national debt has crossed $34 trillion in 2026. Annual federal interest payments now top $1 trillion. Household debt exceeds $17 trillion. Mortgage rates remain high. Credit card interest rates are above 20%. Economist Michael Hudson says this is a debt-driven economy. In Super Imperialism, he explains how the U.S. shifted from creditor nation to debtor nation. He argues financialization and rent extraction drive wealth inequality.