Paul Krugman

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

Coming up with a good idea, with an insight into the way the world works that is really new and that you…

— Paul Krugman

The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things really aren't…

— Paul Krugman

as an economics professor I am by nature inclined to the view that the truth isn't out there, it's in here -…

— Paul Krugman

Every once in a while I feel despair over the fate of the planet. If you've been following climate science, you know…

— Paul Krugman

So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces…

— Paul Krugman

Wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how…

— Paul Krugman

By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact,…

— Paul Krugman

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

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

You know that Republicans will yell about the evils of partisanship whenever anyone tries to make a connection between the rhetoric of…

— Paul Krugman

Obama is very much an establishment sort of guy. The whole image of him as a transcendent figure was based on style…

— Paul Krugman

It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the short run…

— Paul Krugman

I know that when I look at today’s Mexicans and Central Americans, they seem to me fundamentally the same as my grandparents…

— Paul Krugman

Governments do not necessarily act in the national interest, especially when making detailed microeconomic interventions. Instead, they are influenced by interest group…

— Paul Krugman

To the extent that sacrifices need to be made, shouldn't the people who've made out like bandits this past generation be first…

— 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…

— Paul Krugman

A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology…

— Paul Krugman

I believe in a relatively equal society, supported by institutions that limit extremes of wealth and poverty. I believe in democracy, civil…

— Paul Krugman

If you are a good economist, a virtuous economist, you are reborn as a physicist. But if you are an evil, wicked…

— Paul Krugman

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

Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the…

— Paul Krugman

I believe that the only important structural obstacles to world prosperity are the obsolete doctrines that clutter the minds of men.

— Paul Krugman

The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.

— Paul Krugman

The important thing to understand is that the case for pollution control isn't based on some kind of aesthetic distaste for industrial…

— Paul Krugman

Anyone who thinks that the last 80 years, ever since FDR took us off gold, have been a doomed venture, that strikes…

— Paul Krugman

[D]ebt increases that didn't arise either from war or from extraordinary financial crisis are entirely associated with hard-line conservative governments.

— 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.

— Paul Krugman

And when the chickens that didn't hatch come home to roost, we will rue the day when, misled by sloppy accounting and…

— Paul Krugman

If you want a simple model for predicting the unemployment rate in the United States over the next few years, here it…

— Paul Krugman

Our grandfathers lived in a world of largely self-sufficient, inward-looking national economies - but our great-great grandfathers lived, as we do, in…

— 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…

— Paul Krugman

It's a funny thing, by the way, how people who love free markets are also quite sure that they know that investors…

— Paul Krugman

“If it were profitable to have indentured servants in the modern world, I'm sure that Richard Scaife's think tanks would have no…

— Paul Krugman

The United States in particular and the West in general should be feeling a little embarrassed about all that lecturing we did…

— Paul Krugman

[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

Political figures who talk a lot about liberty and freedom invariably turn out to mean the freedom to not pay taxes and…

— Paul Krugman

The problem with digital books is that you can always find what you are looking for but you need to go to…

— Paul Krugman

Are you, or is someone you know, a gadget freak? If so, you doubtless know that Wednesday was iPhone 5 day, the…

— Paul Krugman

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