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
A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology… — 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
When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is… — Paul Krugman Copy Share Image
The great thing about fiscal policy is that it has a direct impact and doesn't require you to bind the hands of… — Paul Krugman Copy Share Image
Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side… — Paul Krugman Copy Share Image
America's political landscape is infested with many zombie ideas - beliefs about policy that have been repeatedly refuted with evidence and analysis… — Paul Krugman Copy Share Image
Many people ... prefer to describe themselves as progressives rather than liberals. To some extent that's a response to the decades-long propaganda… — Paul Krugman Copy Share Image
It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the short run… — 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
There is no economic policy. That's really important to say. The general modus operandi of the Bushies is that they don't make… — Paul Krugman Copy Share Image
I've always believed that a speculative bubble need not lead to a recession, as long as interest rates are cut quickly enough… — 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… — 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
![“[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/i/2a3/paul-krugman-2255_argument_t-he-next-time-you-hear-serious-sounding_2152800.jpg)