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… — Paul Krugman Copy Share Image
[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… — 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
![“[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…” quote by Paul Krugman](https://sms4smile.com/quotes/img-quotes/2a3/paul-krugman-2255_argument_t-he-next-time-you-hear-serious-sounding_2152800.jpg)
