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For most Americans, economic growth is a spectator sport.

Paul Krugman

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Paul Krugman
Age: 71
Born: 1953
Born: February 28
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Paul Robin Krugman
Paul R Krugman
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More quotes by Paul Krugman

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The trouble with poverty, as an issue, is that it has basically exhausted the patience of the general public.
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The raw fact is that every successful example of economic development this past century ... has taken place via globalization.
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We should try to create the society each of us would want if we didn't know in advance who we'd be.
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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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I really think that people have to think safety taking risks for higher yield is a bad idea once you're in late or latish middle age.
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The planet will continue to cook.
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Friedrich Hayek is not an important figure in the history of macroeconomics.
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I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.
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The federal government is basically an insurance company with an army.
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Politics determines who has the power, not who has the truth.
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I'm especially baffled by the idea of taking insurance against a U.S. default. If America defaults, we're talking about a chaotic world - Mad Max, more or less - in which case, who imagines that insurance claims will be honored?
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There's nothing magic about spending on tanks and bombs rather than roads and bridges.
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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 cannot keep unsound financial institutions operating simply because they provide jobs.
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By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely.
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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.
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The science fiction world has a lot of people doing seriously imaginative thinking.
Paul Krugman
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It’s not about the budget it’s about the power...So will the attack on unions succeed? I don’t know. But anyone who cares about retaining government of the people by the people should hope that it doesn’t.
Paul Krugman
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The party of ideas has become the party of Beavis and Butthead.
Paul Krugman
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Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs.
Paul Krugman
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The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.
Paul Krugman