Paul Krugman Quotes - Page 5

Quotes about:

• 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.

  Paul Krugman

  Fall, Sight, Political

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• The planet will continue to cook.

  Paul Krugman

  Global Warming, Planets, Cooks

  Awake! magazine, November 2011.

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• [I]f one asks what substantive contributions [F. A. Hayek] made to our understanding of how the world works, one is left at something of a loss. Were it not for his politics, he would be virtually forgotten.

  Paul Krugman

  Loss, Understanding, Would Be

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• If the price of everything is going down, that's going to include wages as well. People will have an incentive to sit on their cash and not spend it.

  Paul Krugman

  People, Wages, Incentives

  "Why Paul Krugman thinks inflation fears are baloney". Interview with Paul Solman, www.pbs.org. November 3, 2014.

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• There's nothing magic about spending on tanks and bombs rather than roads and bridges.

  Paul Krugman

  Bridges, Magic, Tanks

  "Nobel Laureate Paul Krugman on the Economy". Live chat, www.washingtonpost.com. December 15, 2008.

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• I don't want a job in the administration; I think I'm more effective carping from the sidelines.

  Paul Krugman

  Jobs, Thinking, Want

  "Nobel Laureate Paul Krugman on the Economy". www.washingtonpost.com. December 15, 2008.

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• 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

  Paul Krugman

  Past, Technology, Years

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• When stock prices are rising, it's called ''momentum investing''; when they are falling, it's called ''panic.''

  Paul Krugman

  Fall, Momentum, Investing

  "Reckonings; Goldilocks And the Bears". www.nytimes.com. April 16, 2000.

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• In short, what the living wage is really about is not living standards, or even economics, but morality. Its advocates are basically opposed to the idea that wages are a market price-determined by supply and demand, the same as the price of apples or coal. And it is for that reason, rather than the practical details, that the broader political movement of which the demand for a living wage is the leading edge is ultimately doomed to failure: For the amorality of the market economy is part of its essence, and cannot be legislated away.

  Paul Krugman

  Essence, Ideas, Apples

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• The important thing to understand is that the case for pollution control isn't based on some kind of aesthetic distaste for industrial society. Pollution does real, measurable damage, especially to human health.

  Paul Krugman

  Real, Pollution Control, Important

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• [The US] budget is dominated by the retirement programs, Social Security and Medicare - loosely speaking, the post-cold-war federal government is a big pension fund that also happens to have an army.

  Paul Krugman

  Retirement, War, Army

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• But where will the Fed find another bubble?

  Paul Krugman

  Feds, Bubbles

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• Democracy or breakdown in Syria would change the whole Middle East overnight.

  Paul Krugman

  Spring, Democracy, Middle East

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• If you can create even the illusion of high profitability for a few years, then when the thing collapses you can walk out of the wreckage a very rich man.

  Paul Krugman

  Men, Years, Wreckage

  Interview with Jonathan Tasini, www.playboy.com. February 15, 2012.

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• We're living in a Dark Age of macroeconomics. Remember, what defined the Dark Ages wasn’t the fact that they were primitive — the Bronze Age was primitive, too. What made the Dark Ages dark was the fact that so much knowledge had been lost, that so much known to the Greeks and Romans had been forgotten by the barbarian kingdoms that followed.

  Paul Krugman

  Dark, Greek, Age

  "A Dark Age of macroeconomics (wonkish)" by Paul Krugman, krugman.blogs.nytimes.com. January 27, 2009.

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• as an economics professor I am by nature inclined to the view that the truth isn't out there, it's in here - that usually you learn a lot more by thinking really hard about the data than you do by sniffing around for supposedly inside information.

  Paul Krugman

  Truth, Thinking, Views

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• Obama is very much an establishment sort of guy. The whole image of him as a transcendent figure was based on style rather than substance. If you actually looked at what he said, not how he said it, he said very establishment things. He's a moderate, cautious, ameliorative guy. He tends to gravitate toward Beltway conventional wisdom.

  Paul Krugman

  Guy, Style, Substance

  "Playboy Interview: Paul Krugman". Interview with Jonathan Tasini, www.playboy.com. February 15, 2012.

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• I know that when I look at today’s Mexicans and Central Americans, they seem to me fundamentally the same as my grandparents seeking a better life in America. On the other side, however, open immigration can’t coexist with a strong social safety net; if you’re going to assure health care and a decent income to everyone, you can’t make that offer global. So Democrats have mixed feelings about immigration; in fact, it’s an agonizing issue.

  Paul Krugman

  Strong, America, Issues

  "The Curious Politics of Immigration" by Paul Krugman, krugman.blogs.nytimes.com. April 26, 2010.

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• Republican candidates had to appeal to their base, which is by and large elderly white people arguing with empty chairs.

  Paul Krugman

  White, Elderly, People

  "GOP Vice Presidential Nominee Paul Ryan". "This Week", abcnews.go.com. September 9, 2012.

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• Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst.

  Paul Krugman

  Past, Years, Useless

  "The Academic Man’s Burden" by Jaime Pozuelo-Monfort, www.huffingtonpost.com. October 4, 2009.

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• The party of ideas has become the party of Beavis and Butthead.

  Paul Krugman

  Party, Ideas, Beavis

  "What should government do? A Jindal meditation". krugman.blogs.nytimes.com. February 25, 2009.

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• I'm not sure that the current value of the NASDAQ is justified, but I'm not sure that it isn't.

  Paul Krugman

  Justified, Currents, Not Sure

  Paul Krugman (2004). “The Great Unraveling: Losing Our Way in the New Century”, p.39, W. W. Norton & Company

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• But Wall Street people are in fact very smart; they're funny, they're not company men who work their way up the chain.

  Paul Krugman

  Wall, Smart, Men

  "Paul Krugman: 'I'm sick of being Cassandra. I'd like to win for once'". Interview With Decca Aitkenhead, www.theguardian.com. June 3, 2012.

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• You know that Republicans will yell about the evils of partisanship whenever anyone tries to make a connection between the rhetoric of Beck, Limbaugh, etc. and the violence I fear we’re going to see in the months and years ahead. But violent acts are what happen when you create a climate of hate. And it’s long past time for the GOP’s leaders to take a stand against the hate-mongers.

  Paul Krugman

  Hate, Past, Violent Acts

  "Assassination Attempt In Arizona". krugman.blogs.nytimes.com. January 8, 2011.

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• Friedrich Hayek is not an important figure in the history of macroeconomics.

  Paul Krugman

  Important, Hayek, Figures

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