---
title: "26 Ifs Quotes By Paul Krugman"
description: "26 Ifs quotes by Paul Krugman. Plus more from Paul Krugman and more Ifs sayings from other authors."
image: "https://sms4smile.com/quotes/i/8b4/paul-krugman-2255_action_if-you-want-to-understand-opposition-to_1256255.png"
---

> [If you want to understand opposition to climate action, follow the money.](https://sms4smile.com/quotes/paul-krugman/if-you-want-to-understand-opposition-to-climate-action-follow-the/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/8b4/paul-krugman-2255_action_if-you-want-to-understand-opposition-to_1256255.png)

> [ If you're doing your job right, some substantial group of people \[is\] going to be mad at you. ](https://sms4smile.com/quotes/paul-krugman/if-you-re-doing-your-job-right-some-substantial-group-of-people-is/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/b50/paul-krugman-2255_groups_if-you-re-doing-your-job-right-some-subs_1433347.png)

> [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/)

[Image](https://sms4smile.com/quotes/i/56d/paul-krugman-2255_always-believe_i-ve-always-believed-in-expansionary-mon_126957.png)

> [If Europe’s example is any guide, here are the two secrets of coping with expensive oil: own fuel-efficient cars, and don’t drive…](https://sms4smile.com/quotes/paul-krugman/if-europe-s-example-is-any-guide-here-are-the-two-secrets-of-coping/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/11d/paul-krugman-2255_car_if-europe-s-example-is-any-guide-here-ar_1908009.jpg)

> [We should try to create the society each of us would want if we didn't know in advance who we'd be.](https://sms4smile.com/quotes/paul-krugman/we-should-try-to-create-the-society-each-of-us-would-want-if-we-didn/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/2c5/paul-krugman-2255_community_we-should-try-to-create-the-society-each_2640958.png)

> [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…](https://sms4smile.com/quotes/paul-krugman/i-m-especially-baffled-by-the-idea-of-taking-insurance-against-a-u-s/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/872/paul-krugman-2255_america_i-m-especially-baffled-by-the-idea-of-ta_688880.png)

> [People respond to incentives. If unemployment becomes more attractive because of the unemployment benefit, some unemployed workers may no longer try to…](https://sms4smile.com/quotes/paul-krugman/people-respond-to-incentives-if-unemployment-becomes-more-attractive/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/ab3/paul-krugman-2255_attractive_people-respond-to-incentives-if-unemploy_274494.png)

> [If the price of everything is going down, that's going to include wages as well. People will have an incentive to sit…](https://sms4smile.com/quotes/paul-krugman/if-the-price-of-everything-is-going-down-that-s-going-to-include/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/2cf/paul-krugman-2255_cash_if-the-price-of-everything-is-going-down_3185985.png)

> [If you can create even the illusion of high profitability for a few years, then when the thing collapses you can walk…](https://sms4smile.com/quotes/paul-krugman/if-you-can-create-even-the-illusion-of-high-profitability-for-a-few/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/426/paul-krugman-2255_collapse_if-you-can-create-even-the-illusion-of-h_2064438.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 world economy is in a nosedive, and understanding what I call "depression economics" - the weird world you get into when…](https://sms4smile.com/quotes/paul-krugman/the-world-economy-is-in-a-nosedive-and-understanding-what-i-call/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/83a/paul-krugman-2255_economics_the-world-economy-is-in-a-nosedive-and-u_782541.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)

> [If you want a simple model for predicting the unemployment rate in the United States over the next few years, here it…](https://sms4smile.com/quotes/paul-krugman/if-you-want-a-simple-model-for-predicting-the-unemployment-rate-in/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/759/paul-krugman-2255_customer_if-you-want-a-simple-model-for-predictin_1656088.jpg)

> [Obama is very much an establishment sort of guy. The whole image of him as a transcendent figure was based on style…](https://sms4smile.com/quotes/paul-krugman/obama-is-very-much-an-establishment-sort-of-guy-the-whole-image-of/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/764/paul-krugman-2255_cautious_obama-is-very-much-an-establishment-sort_759306.jpg)

> [These days, however, the main problem comes from the right - from conservatives who, unlike most economists, really do think that the…](https://sms4smile.com/quotes/paul-krugman/these-days-however-the-main-problem-comes-from-the-right-from/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/117/paul-krugman-2255_action_these-days-however-the-main-problem-come_2825362.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… ](https://sms4smile.com/quotes/paul-krugman/t-he-next-time-you-hear-serious-sounding-people-explaining-the-need/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/2a3/paul-krugman-2255_argument_t-he-next-time-you-hear-serious-sounding_2152800.jpg)

> [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)

> [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)

> [...academic credentials are neither a necessary nor a sufficient condition for having your ideas taken seriously. If a famous professor repeatedly says…](https://sms4smile.com/quotes/paul-krugman/academic-credentials-are-neither-a-necessary-nor-a-sufficient/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/86d/paul-krugman-2255_academic_academic-credentials-are-neither-a-neces_128659.jpg)

> [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)

> [If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space…](https://sms4smile.com/quotes/paul-krugman/if-we-discovered-that-you-know-space-aliens-were-planning-to-attack/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/beb/paul-krugman-2255_achieve_if-we-discovered-that-you-know-space-ali_1049358.jpg)

> [Are you, or is someone you know, a gadget freak? If so, you doubtless know that Wednesday was iPhone 5 day, the…](https://sms4smile.com/quotes/paul-krugman/are-you-or-is-someone-you-know-a-gadget-freak-if-so-you-doubtless/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/935/paul-krugman-2255_apples_are-you-or-is-someone-you-know-a-gadget_823981.png)

> [If you are a good economist, a virtuous economist, you are reborn as a physicist. But if you are an evil, wicked…](https://sms4smile.com/quotes/paul-krugman/if-you-are-a-good-economist-a-virtuous-economist-you-are-reborn-as-a/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/ad9/paul-krugman-2255_economics_if-you-are-a-good-economist-a-virtuous-e_1045221.png)

> [Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the…](https://sms4smile.com/quotes/paul-krugman/consumer-spending-is-now-plunging-at-serious-recession-rate-even-if/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/926/paul-krugman-2255_consumers_consumer-spending-is-now-plunging-at-ser_1333150.jpg)

> [Every once in a while I feel despair over the fate of the planet. If you've been following climate science, you know…](https://sms4smile.com/quotes/paul-krugman/every-once-in-a-while-i-feel-despair-over-the-fate-of-the-planet-if/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/af2/paul-krugman-2255_avert_every-once-in-a-while-i-feel-despair-ove_537896.png)

> [I know that when I look at today’s Mexicans and Central Americans, they seem to me fundamentally the same as my grandparents…](https://sms4smile.com/quotes/paul-krugman/i-know-that-when-i-look-at-today-s-mexicans-and-central-americans/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Image](https://sms4smile.com/quotes/i/462/paul-krugman-2255_agonizing_i-know-that-when-i-look-at-today-s-mexic_1499204.jpg)

## Other authors on Ifs

## 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/)

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                        "text": "We should try to create the society each of us would want if we didn't know in advance who we'd be.",
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                        "text": "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?",
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                        "text": "People respond to incentives. If unemployment becomes more attractive because of the unemployment benefit, some unemployed workers may no longer try to find a job or may not try to find one as quickly as they would without the benefit.",
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                        "text": "If the price of everything is going down, that's going to include wages as well. People will have an incentive to sit on their cash and not spend it.",
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                        "text": "If you can create even the illusion of high profitability for a few years, then when the thing collapses you can walk out of the wreckage a very rich man.",
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                        "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.",
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                        "text": "The world economy is in a nosedive, and understanding what I call \"depression economics\" - the weird world you get into when even a zero interest rate isn't low enough, and a messed-up financial system is dragging down the real economy - is essential if we're going to avoid the worst.",
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                        "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.",
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                        "text": "If you want a simple model for predicting the unemployment rate in the United States over the next few years, here it is: It will be what Greenspan wants it to be, plus or minus a random error reflecting the fact that he is not quite God.",
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                        "text": "Obama is very much an establishment sort of guy. The whole image of him as a transcendent figure was based on style rather than substance. If you actually looked at what he said, not how he said it, he said very establishment things. He's a moderate, cautious, ameliorative guy. He tends to gravitate toward Beltway conventional wisdom.",
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                        "text": "These days, however, the main problem comes from the right - from conservatives who, unlike most economists, really do think that the free market is always right-to such an extent that they refuse to believe even the most overwhelming scientific evidence if it seems to suggest a justification for government action.",
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                        "text": "[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 bad and the confidence fairy will reward us if we're good. And real-world policy - policy that will blight the lives of millions of working families - is being built on that foundation.",
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                        "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.",
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                        "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.",
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                        "text": "...academic credentials are neither a necessary nor a sufficient condition for having your ideas taken seriously. If a famous professor repeatedly says stupid things, then tries to claim he never said them, there's no rule against calling him a mendacious idiot - and no special qualifications required to make that pronouncement other than doing your own homework.Conversely, if someone without formal credentials consistently makes trenchant, insightful observations, he or she has earned the right to be taken seriously, regardless of background.",
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                        "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.",
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                        "text": "If we discovered that, you know, space aliens were planning to attack and we needed a massive buildup to counter the space alien threat and really inflation and budget deficits took secondary place to that, this slump would be over in 18 months. ... There was a Twilight Zone episode like this in which scientists fake an alien threat in order to achieve world peace. Well, this time, we don't need it, we need it in order to get some fiscal stimulus.",
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                        "text": "Are you, or is someone you know, a gadget freak? If so, you doubtless know that Wednesday was iPhone 5 day, the day Apple unveiled its latest way for people to avoid actually speaking to or even looking at whoever they're with.",
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                        "text": "If you are a good economist, a virtuous economist, you are reborn as a physicist. But if you are an evil, wicked economist, you are reborn as a sociologist.",
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                        "text": "Every once in a while I feel despair over the fate of the planet. If you've been following climate science, you know what I mean: the sense that we're hurtling toward catastrophe but nobody wants to hear about it or do anything to avert it.",
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                        "text": "I know that when I look at today’s Mexicans and Central Americans, they seem to me fundamentally the same as my grandparents seeking a better life in America. On the other side, however, open immigration can’t coexist with a strong social safety net; if you’re going to assure health care and a decent income to everyone, you can’t make that offer global. So Democrats have mixed feelings about immigration; in fact, it’s an agonizing issue.",
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