---
title: "Best Paul Krugman Quotes"
description: "Paul Krugman is an American economist and professor at the City University of New York. He wrote a New York Times column from 2000 to 2024 and won the 2..."
image: "https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b056/author-paul-krugman-2255.jpg"
---

![Portrait of Paul Krugman](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b056/author-paul-krugman-2255.jpg)

# Paul Krugman

(1953)   Columnist

 **175** quotes in **1168** categories

Rate this collection:  ★ ★ ★ ★ ★   No ratings yet

Paul Krugman is a columnist, best known for *ARGUING WITH ZOMBIES*.

## Quick Facts About Paul Krugman

Born February 28, 1953

Profession Columnist

Notable works ARGUING WITH ZOMBIES

## About Paul Krugman

His full name is Paul Robin Krugman, and he holds the title of Distinguished Professor of Economics at the Graduate Center of the City University of New York. The Nobel Committee highlighted his research on how economies of scale and consumer preferences shape international trade patterns and where economic activity is located.

##  Quotes by Paul Krugman · Page 2

> [For most Americans, economic growth is a spectator sport.](https://sms4smile.com/quotes/paul-krugman/for-most-americans-economic-growth-is-a-spectator-sport/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Economic](https://sms4smile.com/quotes/about/economic/)

[Image](https://sms4smile.com/quotes/i/5bf/paul-krugman-2255_economic_for-most-americans-economic-growth-is-a_579652.png)

> [But where will the Fed find another bubble?](https://sms4smile.com/quotes/paul-krugman/but-where-will-the-fed-find-another-bubble/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Bubble](https://sms4smile.com/quotes/about/bubble/)

[Image](https://sms4smile.com/quotes/i/606/paul-krugman-2255_bubble_but-where-will-the-fed-find-another-bubb_1161282.png)

> [The planet will continue to cook.](https://sms4smile.com/quotes/paul-krugman/the-planet-will-continue-to-cook/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Continue](https://sms4smile.com/quotes/about/continue/)

[Image](https://sms4smile.com/quotes/i/e2f/paul-krugman-2255_continue_the-planet-will-continue-to-cook-863467_863467.png)

> [In our country, learned ignorance is on the rise.](https://sms4smile.com/quotes/paul-krugman/in-our-country-learned-ignorance-is-on-the-rise/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Country](https://sms4smile.com/quotes/about/country/)

[Image](https://sms4smile.com/quotes/i/ce7/paul-krugman-2255_country_in-our-country-learned-ignorance-is-on-t_1264462.png)

> [Debt is one person's liability, but another person's asset.](https://sms4smile.com/quotes/paul-krugman/debt-is-one-person-s-liability-but-another-person-s-asset/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Another](https://sms4smile.com/quotes/about/another/)

[Image](https://sms4smile.com/quotes/i/276/paul-krugman-2255_another_debt-is-one-person-s-liability-but-anoth_376793.png)

> [Not all private equity people are evil. Only some.](https://sms4smile.com/quotes/paul-krugman/not-all-private-equity-people-are-evil-only-some/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Customer](https://sms4smile.com/quotes/about/customer/)

[Image](https://sms4smile.com/quotes/i/553/paul-krugman-2255_customer_not-all-private-equity-people-are-evil-o_52443.png)

> [I don't think I've had any great success in predicting politics or social change, nor have I really tried.](https://sms4smile.com/quotes/paul-krugman/i-don-t-think-i-ve-had-any-great-success-in-predicting-politics-or/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Change](https://sms4smile.com/quotes/about/change/)

[Image](https://sms4smile.com/quotes/i/c77/paul-krugman-2255_change_i-don-t-think-i-ve-had-any-great-success_3006810.png)

> [The Obama campaign seems dangerously close to becoming a cult of personality.](https://sms4smile.com/quotes/paul-krugman/the-obama-campaign-seems-dangerously-close-to-becoming-a-cult-of/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Becoming](https://sms4smile.com/quotes/about/becoming/)

[Image](https://sms4smile.com/quotes/i/2f5/paul-krugman-2255_becoming_the-obama-campaign-seems-dangerously-clo_1385585.png)

> [I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.](https://sms4smile.com/quotes/paul-krugman/i-ve-always-believed-in-expansionary-monetary-policy-and-if-necessary/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Always believe](https://sms4smile.com/quotes/about/always-believe/)

[Image](https://sms4smile.com/quotes/i/56d/paul-krugman-2255_always-believe_i-ve-always-believed-in-expansionary-mon_126957.png)

> [You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation.](https://sms4smile.com/quotes/paul-krugman/you-really-have-to-go-searching-desperately-to-find-any-contemporary/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Contemporary](https://sms4smile.com/quotes/about/contemporary/)

[Image](https://sms4smile.com/quotes/i/948/paul-krugman-2255_contemporary_you-really-have-to-go-searching-desperat_64394.png)

> [There's nothing magic about spending on tanks and bombs rather than roads and bridges.](https://sms4smile.com/quotes/paul-krugman/there-s-nothing-magic-about-spending-on-tanks-and-bombs-rather-than/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Bombs](https://sms4smile.com/quotes/about/bombs/)

[Image](https://sms4smile.com/quotes/i/2af/paul-krugman-2255_bombs_there-s-nothing-magic-about-spending-on_1258430.png)

> [The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the…](https://sms4smile.com/quotes/paul-krugman/the-real-danger-with-debt-is-what-happens-if-lots-of-people-decide-or/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Danger](https://sms4smile.com/quotes/about/danger/)

[Image](https://sms4smile.com/quotes/i/e52/paul-krugman-2255_danger_the-real-danger-with-debt-is-what-happen_2199095.png)

> [I don't want a job in the administration; I think I'm more effective carping from the sidelines.](https://sms4smile.com/quotes/paul-krugman/i-don-t-want-a-job-in-the-administration-i-think-i-m-more-effective/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Administration](https://sms4smile.com/quotes/about/administration/)

[Image](https://sms4smile.com/quotes/i/72b/paul-krugman-2255_administration_i-don-t-want-a-job-in-the-administration_182865.png)

> [Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst.](https://sms4smile.com/quotes/paul-krugman/most-work-in-macroeconomics-in-the-past-30-years-has-been-useless-at/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Has beens](https://sms4smile.com/quotes/about/has-beens/)

[Image](https://sms4smile.com/quotes/i/e98/paul-krugman-2255_has-beens_most-work-in-macroeconomics-in-the-past_994839.png)

> [as an economics professor I am by nature inclined to the view that the truth isn't out there, it's in here -…](https://sms4smile.com/quotes/paul-krugman/as-an-economics-professor-i-am-by-nature-inclined-to-the-view-that/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Data](https://sms4smile.com/quotes/about/data/)

[Image](https://sms4smile.com/quotes/i/c23/paul-krugman-2255_data_as-an-economics-professor-i-am-by-nature_915118.png)

> [Coming up with a good idea, with an insight into the way the world works that is really new and that you…](https://sms4smile.com/quotes/paul-krugman/coming-up-with-a-good-idea-with-an-insight-into-the-way-the-world/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Believe](https://sms4smile.com/quotes/about/believe/)

[Image](https://sms4smile.com/quotes/i/a7f/paul-krugman-2255_believe_coming-up-with-a-good-idea-with-an-insig_1502366.png)

> [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…](https://sms4smile.com/quotes/paul-krugman/the-problem-isn-t-that-people-don-t-understand-how-good-things-are-it/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Good thing](https://sms4smile.com/quotes/about/good-thing/)

[Image](https://sms4smile.com/quotes/i/b5f/paul-krugman-2255_good-thing_the-problem-isn-t-that-people-don-t-unde_682383.png)

> [Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the…](https://sms4smile.com/quotes/paul-krugman/consumer-spending-is-now-plunging-at-serious-recession-rate-even-if/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Consumers](https://sms4smile.com/quotes/about/consumers/)

[Image](https://sms4smile.com/quotes/i/926/paul-krugman-2255_consumers_consumer-spending-is-now-plunging-at-ser_1333150.jpg)

> [I believe that the only important structural obstacles to world prosperity are the obsolete doctrines that clutter the minds of men.](https://sms4smile.com/quotes/paul-krugman/i-believe-that-the-only-important-structural-obstacles-to-world/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Believe](https://sms4smile.com/quotes/about/believe/)

[Image](https://sms4smile.com/quotes/i/755/paul-krugman-2255_believe_i-believe-that-the-only-important-struct_647334.png)

> [If you are a good economist, a virtuous economist, you are reborn as a physicist. But if you are an evil, wicked…](https://sms4smile.com/quotes/paul-krugman/if-you-are-a-good-economist-a-virtuous-economist-you-are-reborn-as-a/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Economics](https://sms4smile.com/quotes/about/economics/)

[Image](https://sms4smile.com/quotes/i/ad9/paul-krugman-2255_economics_if-you-are-a-good-economist-a-virtuous-e_1045221.png)

> [On the political as on the economic front it's important not to fall into the "not as bad as" trap. High unemployment…](https://sms4smile.com/quotes/paul-krugman/on-the-political-as-on-the-economic-front-it-s-important-not-to-fall/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Economic](https://sms4smile.com/quotes/about/economic/)

[Image](https://sms4smile.com/quotes/i/902/paul-krugman-2255_economic_on-the-political-as-on-the-economic-fron_2508808.jpg)

> [A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology…](https://sms4smile.com/quotes/paul-krugman/a-snarky-but-accurate-description-of-monetary-policy-over-the-past/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Accurate](https://sms4smile.com/quotes/about/accurate/)

[Image](https://sms4smile.com/quotes/i/b12/paul-krugman-2255_accurate_a-snarky-but-accurate-description-of-mon_3066773.png)

> [Many people ... prefer to describe themselves as progressives rather than liberals. To some extent that's a response to the decades-long propaganda…](https://sms4smile.com/quotes/paul-krugman/many-people-prefer-to-describe-themselves-as-progressives-rather-than/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Campaigns](https://sms4smile.com/quotes/about/campaigns/)

[Image](https://sms4smile.com/quotes/i/56a/paul-krugman-2255_campaigns_many-people-prefer-to-describe-themselve_3151821.png)

> [I think if you're a liberal, you believe that we all are, at least to some extent, our brothers' keepers, you really…](https://sms4smile.com/quotes/paul-krugman/i-think-if-you-re-a-liberal-you-believe-that-we-all-are-at-least-to/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[America](https://sms4smile.com/quotes/about/america/)

[Image](https://sms4smile.com/quotes/i/a31/paul-krugman-2255_america_i-think-if-you-re-a-liberal-you-believe_1443959.png)

> [If you had to explain America's economic success with one word, that word would be "education"… Until now, the results of educational…](https://sms4smile.com/quotes/paul-krugman/if-you-had-to-explain-america-s-economic-success-with-one-word-that/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[America](https://sms4smile.com/quotes/about/america/)

[Image](https://sms4smile.com/quotes/i/7d6/paul-krugman-2255_america_if-you-had-to-explain-america-s-economic_2835659.png)

> [ “\[W\]hat possible purpose does this lashing-out serve? Will activists be shamed into recovering their previous enthusiasm? Will Republicans stop their vicious attacks… ](https://sms4smile.com/quotes/paul-krugman/w-hat-possible-purpose-does-this-lashing-out-serve-will-activists-be/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[2010](https://sms4smile.com/quotes/about/zz-2010-587/)

[Image](https://sms4smile.com/quotes/i/60f/paul-krugman-2255_2010_w-hat-possible-purpose-does-this-lashing_2077342.jpg)

> [Where's that toxic rhetoric coming from? Let's not make a false pretense of balance: it's coming, overwhelmingly, from the right. It's hard…](https://sms4smile.com/quotes/paul-krugman/where-s-that-toxic-rhetoric-coming-from-let-s-not-make-a-false/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Balance](https://sms4smile.com/quotes/about/balance/)

[Image](https://sms4smile.com/quotes/i/53f/paul-krugman-2255_balance_where-s-that-toxic-rhetoric-coming-from_2211293.jpg)

> [America's political landscape is infested with many zombie ideas - beliefs about policy that have been repeatedly refuted with evidence and analysis…](https://sms4smile.com/quotes/paul-krugman/america-s-political-landscape-is-infested-with-many-zombie-ideas/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[America](https://sms4smile.com/quotes/about/america/)

[Image](https://sms4smile.com/quotes/i/7ff/paul-krugman-2255_america_america-s-political-landscape-is-infeste_990122.png)

> [Europe is often held up as a cautionary tale, a demonstration that if you try to make the economy less brutal, to…](https://sms4smile.com/quotes/paul-krugman/europe-is-often-held-up-as-a-cautionary-tale-a-demonstration-that-if/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Brutal](https://sms4smile.com/quotes/about/brutal/)

[Image](https://sms4smile.com/quotes/i/5bc/paul-krugman-2255_brutal_europe-is-often-held-up-as-a-cautionary_3142648.jpg)

> [“Incentives aren't the only thing that matter for economic growth. Opportunity is also crucial, and extreme inequality deprives many people of the…](https://sms4smile.com/quotes/paul-krugman/incentives-aren-t-the-only-thing-that-matter-for-economic-growth/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Economic growth](https://sms4smile.com/quotes/about/economic-growth/)

[Image](https://sms4smile.com/quotes/i/879/paul-krugman-2255_economic-growth_incentives-aren-t-the-only-thing-that-ma_1530839.jpg)

> [“Economics is really about two stories. One is the story of the old economist and younger economist walking down the street, and…](https://sms4smile.com/quotes/paul-krugman/economics-is-really-about-two-stories-one-is-the-story-of-the-old/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Coney island](https://sms4smile.com/quotes/about/coney-island/)

[Image](https://sms4smile.com/quotes/i/dc4/paul-krugman-2255_coney-island_economics-is-really-about-two-stories-on_3088650.png)

> [ If you're doing your job right, some substantial group of people \[is\] going to be mad at you. ](https://sms4smile.com/quotes/paul-krugman/if-you-re-doing-your-job-right-some-substantial-group-of-people-is/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Groups](https://sms4smile.com/quotes/about/groups/)

[Image](https://sms4smile.com/quotes/i/b50/paul-krugman-2255_groups_if-you-re-doing-your-job-right-some-subs_1433347.png)

> [Friedrich Hayek is not an important figure in the history of macroeconomics.](https://sms4smile.com/quotes/paul-krugman/friedrich-hayek-is-not-an-important-figure-in-the-history-of/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Economics](https://sms4smile.com/quotes/about/economics/)

[Image](https://sms4smile.com/quotes/i/310/paul-krugman-2255_economics_friedrich-hayek-is-not-an-important-figu_3194173.png)

> [There's one thing that the Fed has been really good at cracking down on, and that's inflation.](https://sms4smile.com/quotes/paul-krugman/there-s-one-thing-that-the-fed-has-been-really-good-at-cracking-down/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Cracking](https://sms4smile.com/quotes/about/cracking/)

[Image](https://sms4smile.com/quotes/i/47e/paul-krugman-2255_cracking_there-s-one-thing-that-the-fed-has-been_1938166.png)

> [When stock prices are rising, it's called ''momentum investing''; when they are falling, it's called ''panic.''](https://sms4smile.com/quotes/paul-krugman/when-stock-prices-are-rising-it-s-called-momentum-investing-when-they/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Anxiety](https://sms4smile.com/quotes/about/anxiety/)

[Image](https://sms4smile.com/quotes/i/129/paul-krugman-2255_anxiety_when-stock-prices-are-rising-it-s-called_173064.png)

> [Bad ideas flourish because they are in the interest of powerful groups](https://sms4smile.com/quotes/paul-krugman/bad-ideas-flourish-because-they-are-in-the-interest-of-powerful-groups/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Bad idea](https://sms4smile.com/quotes/about/bad-idea/)

[Image](https://sms4smile.com/quotes/i/362/paul-krugman-2255_bad-idea_bad-ideas-flourish-because-they-are-in-t_857377.png)

> [Republican candidates had to appeal to their base, which is by and large elderly white people arguing with empty chairs.](https://sms4smile.com/quotes/paul-krugman/republican-candidates-had-to-appeal-to-their-base-which-is-by-and/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Appeals](https://sms4smile.com/quotes/about/appeals/)

[Image](https://sms4smile.com/quotes/i/170/paul-krugman-2255_appeals_republican-candidates-had-to-appeal-to-t_2344138.png)

> [I'm not sure that the current value of the NASDAQ is justified, but I'm not sure that it isn't.](https://sms4smile.com/quotes/paul-krugman/i-m-not-sure-that-the-current-value-of-the-nasdaq-is-justified-but-i/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Currents](https://sms4smile.com/quotes/about/currents/)

[Image](https://sms4smile.com/quotes/i/574/paul-krugman-2255_currents_i-m-not-sure-that-the-current-value-of-t_304490.png)

> [This is a serious analysis of a ridiculous subject, which is of course the opposite of what is usual in economics.](https://sms4smile.com/quotes/paul-krugman/this-is-a-serious-analysis-of-a-ridiculous-subject-which-is-of-course/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Analysis](https://sms4smile.com/quotes/about/analysis/)

[Image](https://sms4smile.com/quotes/i/aa8/paul-krugman-2255_analysis_this-is-a-serious-analysis-of-a-ridiculo_402032.png)

> [Outrageous fiscal mendacity is neither historically normal nor bipartisan. It's a modern Republican thing.](https://sms4smile.com/quotes/paul-krugman/outrageous-fiscal-mendacity-is-neither-historically-normal-nor/)

[Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/)

[Bipartisan](https://sms4smile.com/quotes/about/bipartisan/)

[Image](https://sms4smile.com/quotes/i/c4d/paul-krugman-2255_bipartisan_outrageous-fiscal-mendacity-is-neither-h_2009662.png)

## Paul Krugman by topic

[Economics (37)](https://sms4smile.com/quotes/about/economics/paul-krugman/) [People (29)](https://sms4smile.com/quotes/about/people/paul-krugman/) [Ifs (26)](https://sms4smile.com/quotes/about/ifs/paul-krugman/) [Politics (20)](https://sms4smile.com/quotes/about/politics/paul-krugman/) [Customer (20)](https://sms4smile.com/quotes/about/customer/paul-krugman/) [Political (19)](https://sms4smile.com/quotes/about/political/paul-krugman/) [Economy (19)](https://sms4smile.com/quotes/about/economy/paul-krugman/) [Has beens (17)](https://sms4smile.com/quotes/about/has-beens/paul-krugman/) [Thinking (15)](https://sms4smile.com/quotes/about/thinking/paul-krugman/) [World (14)](https://sms4smile.com/quotes/about/world/paul-krugman/) [Policy (13)](https://sms4smile.com/quotes/about/policy/paul-krugman/) [Economic (13)](https://sms4smile.com/quotes/about/economic/paul-krugman/) [Years (12)](https://sms4smile.com/quotes/about/years/paul-krugman/) [Trump (12)](https://sms4smile.com/quotes/about/trump/paul-krugman/) [Ideas (12)](https://sms4smile.com/quotes/about/ideas/paul-krugman/) [Facts (12)](https://sms4smile.com/quotes/about/facts/paul-krugman/) [America (12)](https://sms4smile.com/quotes/about/america/paul-krugman/) [Taxes (11)](https://sms4smile.com/quotes/about/taxes/paul-krugman/) [Money (11)](https://sms4smile.com/quotes/about/money/paul-krugman/) [Investing (11)](https://sms4smile.com/quotes/about/investing/paul-krugman/)

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                        "text": "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 that good.",
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                        "text": "I believe that the only important structural obstacles to world prosperity are the obsolete doctrines that clutter the minds of men.",
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                        "text": "If you are a good economist, a virtuous economist, you are reborn as a physicist. But if you are an evil, wicked economist, you are reborn as a sociologist.",
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                        "text": "On the political as on the economic front it's important not to fall into the \"not as bad as\" trap. High unemployment isn't O.K. just because it hasn't hit 1933 levels; ominous political trends shouldn’t be dismissed just because there’s no Hitler in sight.",
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                        "text": "A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble",
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                        "text": "Many people ... prefer to describe themselves as progressives rather than liberals. To some extent that's a response to the decades-long propaganda campaign conducted by movement conservatives, which has been quite successful in making Americans disdain the word liberal but much less successful in reducing support for liberal policies.",
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                        "text": "I think if you're a liberal, you believe that we all are, at least to some extent, our brothers' keepers, you really believe that we have a sumptuary responsibility to make sure that life is decent for everybody in America, that you believe that society out to be broadly shared, and you believe that you can't have a real democracy unless you have a little bit, at least, of economic democracy.",
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                        "text": "If you had to explain America's economic success with one word, that word would be \"education\"… Until now, the results of educational neglect have been gradual - a slow-motion erosion of America's relative position. But things are about to get much worse, as the economic crisis ... deals a severe blow to education across the board… We need to wake up and realize that one of the keys to our nation's historic success is now a wasting asset. Education made America great; neglect of education can reverse the process.",
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                        "text": "“[W]hat possible purpose does this lashing-out serve? Will activists be shamed into recovering their previous enthusiasm? Will Republicans stop their vicious attacks because Obama is lashing out to his left? It was pure self-indulgence; even if he feels aggrieved, he has to judge his words by their usefulness, not by his desire to vent. This isn't about him.”",
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                        "text": "Where's that toxic rhetoric coming from? Let's not make a false pretense of balance: it's coming, overwhelmingly, from the right. It's hard to imagine a Democratic member of Congress urging constituents to be \"armed and dangerous\" without being ostracized; but Representative Michele Bachmann, who did just that, is a rising star in the G.O.P.",
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                        "text": "America's political landscape is infested with many zombie ideas - beliefs about policy that have been repeatedly refuted with evidence and analysis but refuse to die. The most prominent zombie is the insistence that low taxes on rich people are the key to prosperity.",
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                        "text": "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 progress. But what European experience actually demonstrates is the opposite: social justice and progress can go hand in hand.",
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                        "text": "“Incentives aren't the only thing that matter for economic growth. Opportunity is also crucial, and extreme inequality deprives many people of the opportunity to fulfill their potential, and government programs that reduce inequality can make the nation as a whole richer by reducing that waste.”",
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                        "text": "“Economics is really about two stories. One is the story of the old economist and younger economist walking down the street, and the younger economist says, ‘Look, there’s a hundred-dollar bill,’ and the older one says, ‘Nonsense, if it was there somebody would have picked it up already.’ So sometimes you do find hundred-dollar bills lying on the street, but not often—generally people respond to opportunities. The other is the Yogi Berra line ‘Nobody goes to Coney Island anymore; it’s too crowded.’ That’s the idea that things tend to settle into some kind of equilibrium where what people expect is in line with what they actually encounter.”",
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