In fact, I'd say that the sources of the economy's expansion from 2003 to 2007 were, in order, the housing bubble, the… — 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
What the Depression teaches us is that when the economy is so depressed that even a zero interest rate isn't low enough,… — 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
What saved the economy, and the New Deal, was the enormous public works project known as World War II, which finally provided… — 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… — Paul Krugman Copy Share Image
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… — Paul Krugman Copy Share Image
Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action. — Paul Krugman Copy Share Image
What our economy needs is direct job creation by the government and mortgage-debt relief for stressed consumers. What it very much does… — 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
Our grandfathers lived in a world of largely self-sufficient, inward-looking national economies - but our great-great grandfathers lived, as we do, in… — Paul Krugman Copy Share Image
Europe is often held up as a cautionary tale, a demonstration that if you try to make the economy less brutal, to… — Paul Krugman Copy Share Image
The world economy is in a nosedive, and understanding what I call "depression economics" - the weird world you get into when… — Paul Krugman Copy Share Image
The growth of the Internet will slow drastically, as the flaw in 'Metcalfe's law'–which states that the number of potential connections in… — Paul Krugman Copy Share Image
Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t… — Paul Krugman Copy Share Image
There has been plenty to criticize about President Obama’s handling of the economy. Yet the overriding story of the past few years… — Paul Krugman Copy Share Image
Most people, I suspect, still have in their minds an image of America as the great land of college education, unique in… — Paul Krugman Copy Share Image
In short, what the living wage is really about is not living standards, or even economics, but morality. Its advocates are basically… — Paul Krugman Copy Share Image
We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels… — 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
