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
People respond to incentives. If unemployment becomes more attractive because of the unemployment benefit, some unemployed workers may no longer try to… — Paul Krugman Copy Share Image
I believe in a relatively equal society, supported by institutions that limit extremes of wealth and poverty. I believe in democracy, civil… — 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
Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action. — 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
The goal in the end is not to win elections. The goal is to change society. — Paul Krugman Copy Share Image
I have friends, political scientists, sociologists, who all share an interest at least in certain kinds of science fiction. — 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
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
[W]e have a lot of evidence on what happens when you raise the minimum wage. And the evidence is overwhelmingly positive: Hiking… — Paul Krugman Copy Share Image
Political figures who talk a lot about liberty and freedom invariably turn out to mean the freedom to not pay taxes and… — Paul Krugman Copy Share Image
The fact is that the two years or so after 9/11 were a terrible time in America – a time of political… — Paul Krugman Copy Share Image
Raising the minimum wage and lowering the barriers to union organization would carry a trade-off - higher unemployment. A better idea is… — Paul Krugman Copy Share Image
Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep… — Paul Krugman Copy Share Image
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
Governments do not necessarily act in the national interest, especially when making detailed microeconomic interventions. Instead, they are influenced by interest group… — Paul Krugman Copy Share Image
On the political as on the economic front it's important not to fall into the "not as bad as" trap. High unemployment… — 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
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