I'm especially baffled by the idea of taking insurance against a U.S. default. If America defaults, we're talking about a chaotic world - Mad Max, more or less - in which case, who imagines that insurance claims will be honored? — 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
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
“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
You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation. — Paul Krugman Copy Share
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
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
I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed. — Paul Krugman Copy Share
...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
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
When stock prices are rising, it's called ''momentum investing''; when they are falling, it's called ''panic.'' — Paul Krugman Copy Share
I don't want a job in the administration; I think I'm more effective carping from the sidelines. — Paul Krugman Copy Share
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
