Paul Krugman Quotes
-
So, very early reports are that Obamacare exchanges are, as expected, having some technical glitches on the first day - maybe even a bit worse than expected, because it appears that volume has been much bigger than predicted. Here’s what you need to know: this is good, not bad, news for the program... Lots of people logging on and signing up on the very first day... is an early indication that it’s going to be fine, that plenty of people will sign up for the first year of health reform.
-
Something terrible has happened to the soul of the Republican Party. We've gone from bad economic doctrine. We've even gone beyond selfishness and special interests. At this point we're talking about a state of mind that takes positive glee in inflicting further suffering upon the already miserable.
-
These days, however, the main problem comes from the right - from conservatives who, unlike most economists, really do think that the free market is always right - to such an extent that they refuse to believe even the most overwhelming scientific evidence if it seems to suggest a justification for government action.
-
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.
-
Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing.
-
I predict that in the years ahead Enron, not Sept. 11, will come to be seen as the greater turning point in U.S. society.
-
Many people ... prefer to describe themselves as progressives rather than liberals. To some extent that's a response to the decades-long propaganda campaign conducted by movement conservatives, which has been quite successful in making Americans disdain the word liberal but much less successful in reducing support for liberal policies.
-
We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.
-
What the Depression teaches us is that when the economy is so depressed that even a zero interest rate isn't low enough, you have to put conventional notions of prudence and sound policy aside.
-
...instead it seems that business - like weight loss - is a subject wherein hope and fear inspire limitless gullibility.
-
Some years down the pike, we're going to get the real solution, which is going to be a combination of death panels and sales taxes. It's going to be that we're actually going to take Medicare under control, and we're going to have to get some additional revenue, probably from a VAT. But it's not going to happen now.
-
Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action.
-
The habit of disguising ideology as expertise has created a deficit of legitimacy.
-
Debt increases that didn't arise either from war or from extraordinary financial crisis are entirely associated with hard-line conservative governments.
-
I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.
-
I have friends, political scientists, sociologists, who all share an interest at least in certain kinds of science fiction.
-
When stock prices are rising, it's called ''momentum investing''; when they are falling, it's called ''panic.''
-
The trouble with poverty, as an issue, is that it has basically exhausted the patience of the general public.
-
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.
-
The public has no idea that the deficit has been falling like a stone.
-
Friedrich Hayek is not an important figure in the history of macroeconomics.
-
...as an economics professor I am by nature inclined to the view that the truth isn't out there, it's in here - that usually you learn a lot more by thinking really hard about the data than you do by sniffing around for supposedly inside information.
-
As I've often said, you can shop online and find whatever you're looking for, but bookstores are where you find what you weren't looking for.
-
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.