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.

Paul Krugman

Quotes to Explore

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.

Eddie Van Halen Van Halen
- Me
- Guitar
- Kid
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.

Barack Obama
We know that the wages of secrecy are corruption. We know that in secrecy, error undetected will flourish and subvert.

J. Robert Oppenheimer
- Corruption
- Secrecy
- Wages
but sometimes optimism is the only drug that works. But it’s sadly temporary in its effects.

Rachel Caine
- Drug
- Works
- Effects
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.

Albert Bandura
- Life
- May
- Action
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.

Albert Bandura
- People
- Believe
- Natural