"I've always believed that a speculative bubble need……" — 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 to stimulate alternative investments. But I had to face the fact that speculative bubbles usually are followed by recessions. My excuse has been that this was because the policy makers moved too slowly - that central banks were typically too slow to cut interest rates in the face of a burst bubble, giving the downturn time to build up a lot of momentum."
—
Paul Krugman
★
★
★
★
★
0.0 avg (0 ratings)
75 Quotes by Paul Krugman
Paul Krugman has 75 quotes on this site.
A few more worth reading:
-
Every once in a while I feel despair over the fate of the planet. If you've been following climate science,…
-
We know that advanced economies with stable governments that borrow in their own currency are capable of running up very…
-
However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is…
-
The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.
-
The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things…
-
People respond to incentives. If unemployment becomes more attractive because of the unemployment benefit, some unemployed workers may no longer…
-
Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the…
-
Raising the minimum wage and lowering the barriers to union organization would carry a trade-off - higher unemployment. A better…
-
In fact, I'd say that the sources of the economy's expansion from 2003 to 2007 were, in order, the housing…
-
Governments do not necessarily act in the national interest, especially when making detailed microeconomic interventions. Instead, they are influenced by…
-
It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the…
-
Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you…
See all 75 quotes by Paul Krugman »
More Alternative Quotes
This quote is filed under Alternative Quotes,
one of 736 quotes in that category. Here are a few more:
-
For every failure, there's an alternative course of action. You just have to find it. When you come to a…
— Mary Kay Ash
-
The clear problem of the outlawing of insult is that too many things can be interpreted as such. Criticism, ridicule,…
— Rowan Atkinson
-
I'd like to give zero out capital gains tax and zero out the dividends tax, zero out alternative minimum tax,…
— Michele Bachmann
-
In the past I have defended the right of the IRA to engage in armed struggle. I did so because…
— Gerry Adams
-
You got to be just stupid to not be focused on alternative energy.
— Lewis Black
-
You are educated. Your certification is in your degree. You may think of it as the ticket to the good…
— Tom Brokaw
-
Education must, be not only a transmission of culture but also a provider of alternative views of the world and…
— Jerome Bruner
-
Ageing's alright, better than the alternative, which is not being here.
— George H. W. Bush
-
The United States prefers that Iraq meet its obligations voluntarily, yet we are prepared for the alternative.
— George W. Bush
-
Old age isn't so bad when you consider the alternative.
— Maurice Chevalier
-
You just have to stand and grit your teeth and know your poll numbers are going to go down -…
— Chris Christie
-
In war as in life, it is often necessary when some cherished scheme has failed, to take up the best…
— Winston Churchill
See all 736 Alternative Quotes »