Paul Krugman Quotes
Top 75 wise famous quotes and sayings by Paul Krugman
Paul Krugman Famous Quotes & Sayings
Discover top inspirational quotes from Paul Krugman on Wise Famous Quotes.
I believe that the only important structural obstacles to world prosperity are the obsolete doctrines that clutter the minds of men.
I think so long as fossil fuels are cheap, people will use them and it will postpone a movement towards new technologies.
The trouble with poverty, as an issue, is that it has basically exhausted the patience of the general public.
People who are complaining about the Fed are people who've been predicting runaway inflation for five and six years, and it hasn't happened.
Sometimes economists in official positions give bad advice; sometimes they give very, very bad advice; and sometimes they work at the OECD.
The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.
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.
But Wall Street people are in fact very smart; they're funny, they're not company men who work their way up the chain.
Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often painful.
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.
When stock prices are rising, it's called "momentum investing"; when they are falling, it's called "panic".
The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.
Wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.
If the price of everything is going down, that's going to include wages as well. People will have an incentive to sit on their cash and not spend it.
I don't think I've had any great success in predicting politics or social change, nor have I really tried.
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.
You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation.
The United States in particular and the West in general should be feeling a little embarrassed about all that lecturing we did to the Third World.
Instead it seems that business - like weight loss - is a subject wherein hope and fear inspire limitless gullibility.
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.
Can we break the machine that is imposing right-wing radicalism on the United States? The scariest part is that the media is part of that machine.
The great thing about fiscal policy is that it has a direct impact and doesn't require you to bind the hands of future policymakers.
Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933.
I have friends, political scientists, sociologists, who all share an interest at least in certain kinds of science fiction.
When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.
Republican candidates had to appeal to their base, which is by and large elderly white people arguing with empty chairs.
Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action.
This is a serious analysis of a ridiculous subject, which is of course the opposite of what is usual in economics.
Outrageous fiscal mendacity is neither historically normal nor bipartisan. It's a modern Republican thing.
I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.
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.