--- title: "13 Economic Quotes By Paul Krugman" description: "13 Economic quotes by Paul Krugman. Plus more from Paul Krugman and more Economic sayings from other authors." image: "https://sms4smile.com/quotes/i/5bf/paul-krugman-2255_economic_for-most-americans-economic-growth-is-a_579652.png" --- > [For most Americans, economic growth is a spectator sport.](https://sms4smile.com/quotes/paul-krugman/for-most-americans-economic-growth-is-a-spectator-sport/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) [Image](https://sms4smile.com/quotes/i/5bf/paul-krugman-2255_economic_for-most-americans-economic-growth-is-a_579652.png) > [When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is…](https://sms4smile.com/quotes/paul-krugman/when-depression-economics-prevails-the-usual-rules-of-economic-policy/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) [Image](https://sms4smile.com/quotes/i/a34/paul-krugman-2255_caution_when-depression-economics-prevails-the-u_1967566.png) > [The raw fact is that every successful example of economic development this past century ... has taken place via globalization.](https://sms4smile.com/quotes/paul-krugman/the-raw-fact-is-that-every-successful-example-of-economic-development/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) [Image](https://sms4smile.com/quotes/i/008/paul-krugman-2255_business_the-raw-fact-is-that-every-successful-ex_1212613.png) > [In short, it's a great economy if you're a high-level corporate executive or someone who owns a lot of stock. For most…](https://sms4smile.com/quotes/paul-krugman/in-short-it-s-a-great-economy-if-you-re-a-high-level-corporate/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) [Image](https://sms4smile.com/quotes/i/b87/paul-krugman-2255_corporate_in-short-it-s-a-great-economy-if-you-re_1725866.png) > [The economic expansion that began in 2001, while it has been great for corporate profits, has yet to produce any significant gains…](https://sms4smile.com/quotes/paul-krugman/the-economic-expansion-that-began-in-2001-while-it-has-been-great-for/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) [Image](https://sms4smile.com/quotes/i/618/paul-krugman-2255_corporate_the-economic-expansion-that-began-in-200_1812440.jpg) > [Yes, over the centuries economic progress has reduced some gross disparities - modern Americans are relatively unlikely to simply starve to death…](https://sms4smile.com/quotes/paul-krugman/yes-over-the-centuries-economic-progress-has-reduced-some-gross/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) [Image](https://sms4smile.com/quotes/i/690/paul-krugman-2255_century_yes-over-the-centuries-economic-progress_1836946.png) > [There is no economic policy. That's really important to say. The general modus operandi of the Bushies is that they don't make…](https://sms4smile.com/quotes/paul-krugman/there-is-no-economic-policy-that-s-really-important-to-say-the/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) [Image](https://sms4smile.com/quotes/i/f84/paul-krugman-2255_deals_there-is-no-economic-policy-that-s-reall_1147045.png) > [Europe is often held up as a cautionary tale, a demonstration that if you try to make the economy less brutal, to…](https://sms4smile.com/quotes/paul-krugman/europe-is-often-held-up-as-a-cautionary-tale-a-demonstration-that-if/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) [Image](https://sms4smile.com/quotes/i/5bc/paul-krugman-2255_brutal_europe-is-often-held-up-as-a-cautionary_3142648.jpg) > [On the political as on the economic front it's important not to fall into the "not as bad as" trap. High unemployment…](https://sms4smile.com/quotes/paul-krugman/on-the-political-as-on-the-economic-front-it-s-important-not-to-fall/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) [Image](https://sms4smile.com/quotes/i/902/paul-krugman-2255_economic_on-the-political-as-on-the-economic-fron_2508808.jpg) > [Something terrible has happened to the soul of the Republican Party. We've gone from bad economic doctrine. We've even gone beyond selfishness…](https://sms4smile.com/quotes/paul-krugman/something-terrible-has-happened-to-the-soul-of-the-republican-party/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) [Image](https://sms4smile.com/quotes/i/256/paul-krugman-2255_doctrine_something-terrible-has-happened-to-the-s_816492.png) > [I think if you're a liberal, you believe that we all are, at least to some extent, our brothers' keepers, you really…](https://sms4smile.com/quotes/paul-krugman/i-think-if-you-re-a-liberal-you-believe-that-we-all-are-at-least-to/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) [Image](https://sms4smile.com/quotes/i/a31/paul-krugman-2255_america_i-think-if-you-re-a-liberal-you-believe_1443959.png) > [The raw fact is that every successful example of economic development this past century – every case of a poor nation that…](https://sms4smile.com/quotes/paul-krugman/the-raw-fact-is-that-every-successful-example-of-economic-development-2/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) [Image](https://sms4smile.com/quotes/i/242/paul-krugman-2255_cases_the-raw-fact-is-that-every-successful-ex_1747399.jpg) > [If you had to explain America's economic success with one word, that word would be "education"… Until now, the results of educational…](https://sms4smile.com/quotes/paul-krugman/if-you-had-to-explain-america-s-economic-success-with-one-word-that/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) [Image](https://sms4smile.com/quotes/i/7d6/paul-krugman-2255_america_if-you-had-to-explain-america-s-economic_2835659.png) ## Other authors on Economic ## More by Paul Krugman > [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.](https://sms4smile.com/quotes/paul-krugman/people-who-are-complaining-about-the-fed-are-people-who-ve-been/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [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…](https://sms4smile.com/quotes/paul-krugman/surely-i-m-not-the-only-person-to-ask-the-obvious-question-how/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [“The rich are different from you and me: they have more influence.”](https://sms4smile.com/quotes/paul-krugman/the-rich-are-different-from-you-and-me-they-have-more-influence/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [“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.…](https://sms4smile.com/quotes/paul-krugman/the-internet-s-impact-on-the-economy-has-been-no-greater-than-the-fax/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [Not all private equity people are evil. Only some.](https://sms4smile.com/quotes/paul-krugman/not-all-private-equity-people-are-evil-only-some/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation.](https://sms4smile.com/quotes/paul-krugman/you-really-have-to-go-searching-desperately-to-find-any-contemporary/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is needed is some assurance…](https://sms4smile.com/quotes/paul-krugman/however-the-fact-that-an-economist-offers-a-theoretical-analysis-does/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [Politics determines who has the power, not who has the truth.](https://sms4smile.com/quotes/paul-krugman/politics-determines-who-has-the-power-not-who-has-the-truth/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [The key reason executives are paid so much now is that they appoint the members of the corporate board that determines their compensation and…](https://sms4smile.com/quotes/paul-krugman/the-key-reason-executives-are-paid-so-much-now-is-that-they-appoint/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.](https://sms4smile.com/quotes/paul-krugman/i-ve-always-believed-in-expansionary-monetary-policy-and-if-necessary/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [...academic credentials are neither a necessary nor a sufficient condition for having your ideas taken seriously. If a famous professor repeatedly says stupid things,…](https://sms4smile.com/quotes/paul-krugman/academic-credentials-are-neither-a-necessary-nor-a-sufficient/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [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…](https://sms4smile.com/quotes/paul-krugman/it-s-not-about-the-budget-it-s-about-the-power-so-will-the-attack-on/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [When stock prices are rising, it's called ''momentum investing''; when they are falling, it's called ''panic.''](https://sms4smile.com/quotes/paul-krugman/when-stock-prices-are-rising-it-s-called-momentum-investing-when-they/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [I don't want a job in the administration; I think I'm more effective carping from the sidelines.](https://sms4smile.com/quotes/paul-krugman/i-don-t-want-a-job-in-the-administration-i-think-i-m-more-effective/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933.](https://sms4smile.com/quotes/paul-krugman/under-the-gold-standard-america-had-no-major-financial-panics-other/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/economic/paul-krugman/#itemlist", "name": "13 Economic Quotes By Paul Krugman", "numberOfItems": 13, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "For most Americans, economic growth is a spectator sport.", "creator": { "@type": "Person", "name": "Paul Krugman" }, "url": "https://sms4smile.com/quotes/paul-krugman/for-most-americans-economic-growth-is-a-spectator-sport/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/5bf/paul-krugman-2255_economic_for-most-americans-economic-growth-is-a_579652.png", "contentUrl": "https://sms4smile.com/quotes/i/5bf/paul-krugman-2255_economic_for-most-americans-economic-growth-is-a_579652.png", "url": "https://sms4smile.com/quotes/i/5bf/paul-krugman-2255_economic_for-most-americans-economic-growth-is-a_579652.png", "width": 1080, "height": 1080, "caption": "“For most Americans, economic growth is a spectator sport.” — Paul Krugman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.", "creator": { "@type": "Person", "name": "Paul Krugman" }, "url": "https://sms4smile.com/quotes/paul-krugman/when-depression-economics-prevails-the-usual-rules-of-economic-policy/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a34/paul-krugman-2255_caution_when-depression-economics-prevails-the-u_1967566.png", "contentUrl": "https://sms4smile.com/quotes/i/a34/paul-krugman-2255_caution_when-depression-economics-prevails-the-u_1967566.png", "url": "https://sms4smile.com/quotes/i/a34/paul-krugman-2255_caution_when-depression-economics-prevails-the-u_1967566.png", "width": 1080, "height": 1080, "caption": "“When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice…” — Paul Krugman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "The raw fact is that every successful example of economic development this past century ... has taken place via globalization.", "creator": { "@type": "Person", "name": "Paul Krugman" }, "url": "https://sms4smile.com/quotes/paul-krugman/the-raw-fact-is-that-every-successful-example-of-economic-development/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/008/paul-krugman-2255_business_the-raw-fact-is-that-every-successful-ex_1212613.png", "contentUrl": "https://sms4smile.com/quotes/i/008/paul-krugman-2255_business_the-raw-fact-is-that-every-successful-ex_1212613.png", "url": "https://sms4smile.com/quotes/i/008/paul-krugman-2255_business_the-raw-fact-is-that-every-successful-ex_1212613.png", "width": 1080, "height": 1080, "caption": "“The raw fact is that every successful example of economic development this past century ... has taken place…” — Paul Krugman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 4, "item": { "@type": "Quotation", "text": "In short, it's a great economy if you're a high-level corporate executive or someone who owns a lot of stock. For most other Americans, economic growth is a spectator sport.", "creator": { "@type": "Person", "name": "Paul Krugman" }, "url": "https://sms4smile.com/quotes/paul-krugman/in-short-it-s-a-great-economy-if-you-re-a-high-level-corporate/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/b87/paul-krugman-2255_corporate_in-short-it-s-a-great-economy-if-you-re_1725866.png", "contentUrl": "https://sms4smile.com/quotes/i/b87/paul-krugman-2255_corporate_in-short-it-s-a-great-economy-if-you-re_1725866.png", "url": "https://sms4smile.com/quotes/i/b87/paul-krugman-2255_corporate_in-short-it-s-a-great-economy-if-you-re_1725866.png", "width": 1080, "height": 1080, "caption": "“In short, it's a great economy if you're a high-level corporate executive or someone who owns a lot of…” — Paul Krugman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 5, "item": { "@type": "Quotation", "text": "The economic expansion that began in 2001, while it has been great for corporate profits, has yet to produce any significant gains for ordinary working Americans. And now it looks as if it never will.", "creator": { "@type": "Person", "name": "Paul Krugman" }, "url": "https://sms4smile.com/quotes/paul-krugman/the-economic-expansion-that-began-in-2001-while-it-has-been-great-for/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/618/paul-krugman-2255_corporate_the-economic-expansion-that-began-in-200_1812440.jpg", "contentUrl": "https://sms4smile.com/quotes/i/618/paul-krugman-2255_corporate_the-economic-expansion-that-began-in-200_1812440.jpg", "url": "https://sms4smile.com/quotes/i/618/paul-krugman-2255_corporate_the-economic-expansion-that-began-in-200_1812440.jpg", "width": 1080, "height": 1080, "caption": "“The economic expansion that began in 2001, while it has been great for corporate profits, has yet to produce…” — Paul Krugman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 6, "item": { "@type": "Quotation", "text": "Yes, over the centuries economic progress has reduced some gross disparities - modern Americans are relatively unlikely to simply starve to death (though it can happen), so in that sense the gap between rich and poor has narrowed. But the question isn't whether society is, in some sense, more equal than it was in 1900. It's whether it is radically more unequal than it was in 1970. And of course it is.", "creator": { "@type": "Person", "name": "Paul Krugman" }, "url": "https://sms4smile.com/quotes/paul-krugman/yes-over-the-centuries-economic-progress-has-reduced-some-gross/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/690/paul-krugman-2255_century_yes-over-the-centuries-economic-progress_1836946.png", "contentUrl": "https://sms4smile.com/quotes/i/690/paul-krugman-2255_century_yes-over-the-centuries-economic-progress_1836946.png", "url": "https://sms4smile.com/quotes/i/690/paul-krugman-2255_century_yes-over-the-centuries-economic-progress_1836946.png", "width": 1080, "height": 1080, "caption": "“Yes, over the centuries economic progress has reduced some gross disparities - modern Americans are…” — Paul Krugman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 7, "item": { "@type": "Quotation", "text": "There is no economic policy. That's really important to say. The general modus operandi of the Bushies is that they don't make policies to deal with problems. They use problems to justify things they wanted to do anyway. So there is no policy to deal with the lack of jobs. There really isn't even a policy to deal with terrorism. It's all about how can we spin what's happening out there to do what we want to do.", "creator": { "@type": "Person", "name": "Paul Krugman" }, "url": "https://sms4smile.com/quotes/paul-krugman/there-is-no-economic-policy-that-s-really-important-to-say-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/f84/paul-krugman-2255_deals_there-is-no-economic-policy-that-s-reall_1147045.png", "contentUrl": "https://sms4smile.com/quotes/i/f84/paul-krugman-2255_deals_there-is-no-economic-policy-that-s-reall_1147045.png", "url": "https://sms4smile.com/quotes/i/f84/paul-krugman-2255_deals_there-is-no-economic-policy-that-s-reall_1147045.png", "width": 1080, "height": 1080, "caption": "“There is no economic policy. That's really important to say. The general modus operandi of the Bushies is…” — Paul Krugman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 8, "item": { "@type": "Quotation", "text": "Europe is often held up as a cautionary tale, a demonstration that if you try to make the economy less brutal, to take better care of your fellow citizens when they're down on their luck, you end up killing economic progress. But what European experience actually demonstrates is the opposite: social justice and progress can go hand in hand.", "creator": { "@type": "Person", "name": "Paul Krugman" }, "url": "https://sms4smile.com/quotes/paul-krugman/europe-is-often-held-up-as-a-cautionary-tale-a-demonstration-that-if/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/5bc/paul-krugman-2255_brutal_europe-is-often-held-up-as-a-cautionary_3142648.jpg", "contentUrl": "https://sms4smile.com/quotes/i/5bc/paul-krugman-2255_brutal_europe-is-often-held-up-as-a-cautionary_3142648.jpg", "url": "https://sms4smile.com/quotes/i/5bc/paul-krugman-2255_brutal_europe-is-often-held-up-as-a-cautionary_3142648.jpg", "width": 1080, "height": 1080, "caption": "“Europe is often held up as a cautionary tale, a demonstration that if you try to make the economy less…” — Paul Krugman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "On the political as on the economic front it's important not to fall into the \"not as bad as\" trap. High unemployment isn't O.K. just because it hasn't hit 1933 levels; ominous political trends shouldn’t be dismissed just because there’s no Hitler in sight.", "creator": { "@type": "Person", "name": "Paul Krugman" }, "url": "https://sms4smile.com/quotes/paul-krugman/on-the-political-as-on-the-economic-front-it-s-important-not-to-fall/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/902/paul-krugman-2255_economic_on-the-political-as-on-the-economic-fron_2508808.jpg", "contentUrl": "https://sms4smile.com/quotes/i/902/paul-krugman-2255_economic_on-the-political-as-on-the-economic-fron_2508808.jpg", "url": "https://sms4smile.com/quotes/i/902/paul-krugman-2255_economic_on-the-political-as-on-the-economic-fron_2508808.jpg", "width": 1080, "height": 1080, "caption": "“On the political as on the economic front it's important not to fall into the \"not as bad as\" trap. High…” — Paul Krugman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "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.", "creator": { "@type": "Person", "name": "Paul Krugman" }, "url": "https://sms4smile.com/quotes/paul-krugman/something-terrible-has-happened-to-the-soul-of-the-republican-party/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/256/paul-krugman-2255_doctrine_something-terrible-has-happened-to-the-s_816492.png", "contentUrl": "https://sms4smile.com/quotes/i/256/paul-krugman-2255_doctrine_something-terrible-has-happened-to-the-s_816492.png", "url": "https://sms4smile.com/quotes/i/256/paul-krugman-2255_doctrine_something-terrible-has-happened-to-the-s_816492.png", "width": 1080, "height": 1080, "caption": "“Something terrible has happened to the soul of the Republican Party. We've gone from bad economic doctrine…” — Paul Krugman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 11, "item": { "@type": "Quotation", "text": "I think if you're a liberal, you believe that we all are, at least to some extent, our brothers' keepers, you really believe that we have a sumptuary responsibility to make sure that life is decent for everybody in America, that you believe that society out to be broadly shared, and you believe that you can't have a real democracy unless you have a little bit, at least, of economic democracy.", "creator": { "@type": "Person", "name": "Paul Krugman" }, "url": "https://sms4smile.com/quotes/paul-krugman/i-think-if-you-re-a-liberal-you-believe-that-we-all-are-at-least-to/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a31/paul-krugman-2255_america_i-think-if-you-re-a-liberal-you-believe_1443959.png", "contentUrl": "https://sms4smile.com/quotes/i/a31/paul-krugman-2255_america_i-think-if-you-re-a-liberal-you-believe_1443959.png", "url": "https://sms4smile.com/quotes/i/a31/paul-krugman-2255_america_i-think-if-you-re-a-liberal-you-believe_1443959.png", "width": 1080, "height": 1080, "caption": "“I think if you're a liberal, you believe that we all are, at least to some extent, our brothers' keepers…” — Paul Krugman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 12, "item": { "@type": "Quotation", "text": "The raw fact is that every successful example of economic development this past century – every case of a poor nation that worked its way up to a more or less decent, or at least dramatically better, standard of living – has taken place via globalization, that is, by producing for the world market rather than trying for self-sufficiency.", "creator": { "@type": "Person", "name": "Paul Krugman" }, "url": "https://sms4smile.com/quotes/paul-krugman/the-raw-fact-is-that-every-successful-example-of-economic-development-2/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/242/paul-krugman-2255_cases_the-raw-fact-is-that-every-successful-ex_1747399.jpg", "contentUrl": "https://sms4smile.com/quotes/i/242/paul-krugman-2255_cases_the-raw-fact-is-that-every-successful-ex_1747399.jpg", "url": "https://sms4smile.com/quotes/i/242/paul-krugman-2255_cases_the-raw-fact-is-that-every-successful-ex_1747399.jpg", "width": 1080, "height": 1080, "caption": "“The raw fact is that every successful example of economic development this past century – every case of a…” — Paul Krugman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 13, "item": { "@type": "Quotation", "text": "If you had to explain America's economic success with one word, that word would be \"education\"… Until now, the results of educational neglect have been gradual - a slow-motion erosion of America's relative position. But things are about to get much worse, as the economic crisis ... deals a severe blow to education across the board… We need to wake up and realize that one of the keys to our nation's historic success is now a wasting asset. Education made America great; neglect of education can reverse the process.", "creator": { "@type": "Person", "name": "Paul Krugman" }, "url": "https://sms4smile.com/quotes/paul-krugman/if-you-had-to-explain-america-s-economic-success-with-one-word-that/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/7d6/paul-krugman-2255_america_if-you-had-to-explain-america-s-economic_2835659.png", "contentUrl": "https://sms4smile.com/quotes/i/7d6/paul-krugman-2255_america_if-you-had-to-explain-america-s-economic_2835659.png", "url": "https://sms4smile.com/quotes/i/7d6/paul-krugman-2255_america_if-you-had-to-explain-america-s-economic_2835659.png", "width": 1080, "height": 1080, "caption": "“If you had to explain America's economic success with one word, that word would be \"education\"… Until now…” — Paul Krugman", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/economic/paul-krugman/#webpage", "url": "https://sms4smile.com/quotes/about/economic/paul-krugman/", "name": "Economic Quotes by Paul Krugman", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/economic/paul-krugman/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/5bf/paul-krugman-2255_economic_for-most-americans-economic-growth-is-a_579652.png" }, "description": "13 Economic quotes by Paul Krugman. 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