Yes, over the centuries economic progress has reduced some gross disparities - modern Americans are relatively unlikely to simply starve to death (though it can happen), so in that sense the gap between rich and poor has narrowed. But the… — 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 take better care of your fellow citizens when they're down on their luck, you end up killing economic… — 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, 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… — 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 Image
