About Paul Krugman
His full name is Paul Robin Krugman, and he holds the title of Distinguished Professor of Economics at the Graduate Center of the City University of New York. The Nobel Committee highlighted his research on how economies of scale and consumer preferences shape international trade patterns and where economic activity is located.
![“[W]e have a lot of evidence on what happens when you raise the minimum wage. And the evidence is overwhelmingly positive: Hiking the minimum wage has little or no adverse effect on employment while significantly increasing workers' earnings.” quote by Paul Krugman](https://sms4smile.com/q/img-quotes/7c2/paul-krugman-2255_adverse_w-e-have-a-lot-of-evidence-on-what-happe_1606998.jpg)
![“[T]he next time you hear serious-sounding people explaining the need for fiscal austerity, try to parse their argument. Almost surely, you'll discover that what sounds like hardheaded realism actually rests on a foundation of fantasy, on the belief that invisible vigilantes will punish us if we're…” quote by Paul Krugman](https://sms4smile.com/q/img-quotes/2a3/paul-krugman-2255_argument_t-he-next-time-you-hear-serious-sounding_2152800.jpg)
![“[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.” quote by Paul Krugman](https://sms4smile.com/q/img-quotes/ed9/paul-krugman-2255_army_the-us-budget-is-dominated-by-the-retire_1183597.png)
![“[I]n America, at least, we have a pretty good record for behaving in a fiscally responsible fashion, with one exception - namely, the fiscal irresponsibility that prevails when, and only when, hard-line conservatives are in power.” quote by Paul Krugman](https://sms4smile.com/q/img-quotes/564/paul-krugman-2255_america_i-n-america-at-least-we-have-a-pretty-go_2809306.jpg)
![“[I]f you look at United States history since World War II, you find that of the 10 presidents who preceded Barack Obama, seven left office with a debt ratio lower than when they came in. Who were the three exceptions? Ronald Reagan and the two George Bushes.” quote by Paul Krugman](https://sms4smile.com/q/img-quotes/197/paul-krugman-2255_barack_i-f-you-look-at-united-states-history-si_1148835.jpg)
![“[I]f one asks what substantive contributions [F. A. Hayek] made to our understanding of how the world works, one is left at something of a loss. Were it not for his politics, he would be virtually forgotten.” quote by Paul Krugman](https://sms4smile.com/q/img-quotes/6a3/paul-krugman-2255_asks_i-f-one-asks-what-substantive-contributi_770449.png)
