I'm not sure that the current value of the NASDAQ is justified, but I'm not sure that it isn't. — Paul Krugman Copy Share Image
There's one thing that the Fed has been really good at cracking down on, and that's inflation. — Paul Krugman Copy Share Image
When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is… — Paul Krugman Copy Share Image
Surely I'm not the only person to ask the obvious question: How different, really, is Mr. Madoff's tale from the story of… — Paul Krugman Copy Share Image
When the Fed decides that inflation is too high, they have the tools, and they've shown historically that they have the will,… — Paul Krugman Copy Share Image
Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933. — Paul Krugman Copy Share Image
It's a funny thing, by the way, how people who love free markets are also quite sure that they know that investors… — Paul Krugman Copy Share Image
When stock prices are rising, it's called ''momentum investing''; when they are falling, it's called ''panic.'' — Paul Krugman Copy Share Image
By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact,… — Paul Krugman Copy Share Image
People who are complaining about the Fed are people who've been predicting runaway inflation for five and six years, and it hasn't… — Paul Krugman Copy Share Image
Seven habits that help produce the anything-but-efficient markets that rule the world. 1. Think short term. 2. Be greedy. 3. Believe in… — Paul Krugman Copy Share Image
Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep… — Paul Krugman Copy Share Image
If you want a simple model for predicting the unemployment rate in the United States over the next few years, here it… — Paul Krugman Copy Share Image
Asset bubbles have happened even without not-so-easy money. And, in a depressed economy, where alternative uses of money are not great, people… — Paul Krugman Copy Share Image
Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the… — Paul Krugman Copy Share Image
I've always believed that a speculative bubble need not lead to a recession, as long as interest rates are cut quickly enough… — Paul Krugman Copy Share Image
“These senior claims were supposed to be very low-risk; after all, how likely was it that a large number of people would… — Paul Krugman Copy Share Image
A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology… — Paul Krugman Copy Share Image
You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation. — Paul Krugman Copy Share Image
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. — Paul Krugman Copy Share Image
Surely I'm not the only person to ask the obvious question: How different, really, is Mr. Madoff's tale from the story of the investment… — Paul Krugman Copy Share Image
“The Internet’s impact on the economy has been no greater than the fax machine’s….ten years from now, the phrase “information economy” will sound silly.… — Paul Krugman Copy Share Image
You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation. — Paul Krugman Copy Share Image
However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is needed is some assurance… — Paul Krugman Copy Share Image
The key reason executives are paid so much now is that they appoint the members of the corporate board that determines their compensation and… — Paul Krugman Copy Share Image
I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed. — Paul Krugman Copy Share Image
...academic credentials are neither a necessary nor a sufficient condition for having your ideas taken seriously. If a famous professor repeatedly says stupid things,… — Paul Krugman Copy Share Image
It’s not about the budget; it’s about the power...So will the attack on unions succeed? I don’t know. But anyone who cares about retaining… — Paul Krugman Copy Share Image
