Paul Krugman Quotes
So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.
Quotes to Explore
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And if I would have taken lessons I probably wouldn't have done it, and what forced me to do all this weird stuff on the guitar was I couldn't afford effects pedals, I didn't have all this stuff when I was a kid so I just tried to squeeze all the weird noises I could out of the guitar, which brings me to building guitars.
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We're also increasing the number of Syrian and other refugees we admit to the U.S. to 100,000 per year for the next two years.
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We know that the wages of secrecy are corruption. We know that in secrecy, error undetected will flourish and subvert.
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but sometimes optimism is the only drug that works. But it’s sadly temporary in its effects.
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Accurate processing of information about outcomes is no simple task under the variable conditions of everyday life . . . usually, many factors enter into determining what effects, if any, given actions will have, Actions, therefore, produce outcomes probabilistically rather than certainly. Depending on the particular conjunction of factors, the same course of action may produce given outcomes regularly, occasionally, or only infrequently.
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What people think, believe, and feel affects how they behave. The natural and extrinsic effects of their actions, in turn, partly determine their thought patterns and affective reactions.
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it will be a good long time before there's upward pressure on prices or wages.
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It is almost certain that excess in eating is the cause of almost all the diseases of the body, but its effects on the soul are even more disastrous.
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As long as there's not permanent damage to our energy infrastructure, the effects on the overall economy should be fairly modest.
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The income effects in an economy always sum to zero.
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Men who do things without being told draw the most wages.
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There are reasons, increasing in number and quality, to believe that the masses of ordinary galaxies may have been underestimated by a factor of 10 or more.
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Cushion the painful effects of hard blows by keeping the enthusiasm going strong, even if doing so requires struggle.
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The only possible effect one can have on the world is through unpopular ideas.
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Grace in women has more effect than beauty.
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The great wars of the present age are the effects of the study of history.
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A thousand acres that can feed a thousand souls is better than ten thousand acres of no more effect.
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Thoughts are but dreams till their effects are tried.
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I love language. It doesn't bother me that its effects are partial. To me that is very sanity-producing. It would be weird if the effects of language were more than partial, if your whole life existed within your texts. That would be much scarier to me than language being an inadequate tool to represent.
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I have a funny mental framework when I do physics. I create an imaginary audience in my head to explain things to - it is part of the way I think. For me, teaching and explaining, even to my imaginary audience, is part of the process.
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The issue of innovation never interested me personally, since I believe it may lead to a place where people don't paint anymore.
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So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.
