Paul Krugman Quotes

When The Fed Decides That Inflation Is Too High, They Have The Tools, And They've Shown Historically That They Have The Will, To Bring It Down. And, It Might Be Painful.

Asset Bubbles Have Happened Even Without Not-so-easy Money. And, In A Depressed Economy, Where Alternative Uses Of Money Are Not Great, People Are Going To Bid Up The Prices Of Profitable Corporations And Stuff Like That.

It's A Funny Thing, By The Way, How People Who Love Free Markets Are Also Quite Sure That They Know That Investors Are Being Irrational.

I Really Think That People Have To Think Safety; Taking Risks For Higher Yield Is A Bad Idea Once You're In Late Or Latish Middle Age.

I Think Stockman Is An Interesting Sort Of Amalgam.

Tax Cuts Were Not Going To Be Effective At Creating Jobs, And The Job Creation Record Is Lousy.

Anyone Who Thinks That The Last 80 Years, Ever Since Fdr Took Us Off Gold, Have Been A Doomed Venture, That Strikes Me As Kind Of Cranky.

The World Economy Is In A Nosedive, And Understanding What I Call "depression Economics" - The Weird World You Get Into When Even A Zero Interest Rate Isn't Low Enough, And A Messed-up Financial System Is Dragging Down The Real Economy - Is Essential If We're Going To Avoid The Worst.

I Think If You're A Liberal, You Believe That We All Are, At Least To Some Extent, Our Brothers' Keepers, You Really Believe That We Have A Sumptuary Responsibility To Make Sure That Life Is Decent For Everybody In America, That You Believe That Society Out To Be Broadly Shared, And You Believe That You Can't Have A Real Democracy Unless You Have A Little Bit, At Least, Of Economic Democracy.

I'm Especially Baffled By The Idea Of Taking Insurance Against A U.s. Default. If America Defaults, We're Talking About A Chaotic World - Mad Max, More Or Less - In Which Case, Who Imagines That Insurance Claims Will Be Honored?

[the Us] Budget Is Dominated By The Retirement Programs, Social Security And Medicare - Loosely Speaking, The Post-cold-war Federal Government Is A Big Pension Fund That Also Happens To Have An Army.

Yes, Over The Centuries Economic Progress Has Reduced Some Gross Disparities - Modern Americans Are Relatively Unlikely To Simply Starve To Death (though It Can Happen), So In That Sense The Gap Between Rich And Poor Has Narrowed. But The Question Isn't Whether Society Is, In Some Sense, More Equal Than It Was In 1900. It's Whether It Is Radically More Unequal Than It Was In 1970. And Of Course It Is.