"Wealthy individuals bought themselves a radical right party,……" — Paul Krugman
"Wealthy individuals bought themselves a radical right party, believing - correctly - that it would cut their taxes and remove regulations, but failed to realize that eventually the craziness would take on a life of its own, and that the monster they created would turn on its creators as well as the little people."
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Paul Krugman
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75 Quotes by Paul Krugman
Paul Krugman has 75 quotes on this site.
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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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The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things…
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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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