"The problem isn't that people don't understand how……" — 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 that good."
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Paul Krugman
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75 Quotes by Paul Krugman
Paul Krugman has 75 quotes on this site.
A few more worth reading:
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Every once in a while I feel despair over the fate of the planet. If you've been following climate science,…
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We know that advanced economies with stable governments that borrow in their own currency are capable of running up very…
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However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is…
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The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.
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People respond to incentives. If unemployment becomes more attractive because of the unemployment benefit, some unemployed workers may no longer…
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Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the…
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Raising the minimum wage and lowering the barriers to union organization would carry a trade-off - higher unemployment. A better…
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I've always believed that a speculative bubble need not lead to a recession, as long as interest rates are cut…
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In fact, I'd say that the sources of the economy's expansion from 2003 to 2007 were, in order, the housing…
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Governments do not necessarily act in the national interest, especially when making detailed microeconomic interventions. Instead, they are influenced by…
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It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the…
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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 Economics Quotes
This quote is filed under Economics Quotes,
one of 1,329 quotes in that category. Here are a few more:
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Many individuals are doing what they can. But real success can only come if there is a change in our…
— David Attenborough
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All of the problems we're facing with debt are manmade problems. We created them. It's called fantasy economics. Fantasy economics…
— Michele Bachmann
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Everyone wants to live at the expense of the state. They forget that the state wants to live at the…
— Frederic Bastiat
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Government is the great fiction, through which everybody endeavors to live at the expense of everybody else.
— Frederic Bastiat
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They will come to learn in the end, at their own expense, that it is better to endure competition for…
— Frederic Bastiat
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Often the masses are plundered and do not know it.
— Frederic Bastiat
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I beg you, look for the words 'social justice' or 'economic justice' on your church Web site. If you find…
— Glenn Beck
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I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions,…
— Ben Bernanke
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Ignorance is an evil weed, which dictators may cultivate among their dupes, but which no democracy can afford among its…
— William Beveridge
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Corporation: An ingenious device for obtaining profit without individual responsibility.
— Ambrose Bierce
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And I know this happens because I took economics, and I'd explain it to ya, but I flunked that course.…
— Lewis Black
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Because things are the way they are, things will not stay the way they are.
— Bertolt Brecht
See all 1,329 Economics Quotes »