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Wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.

Paul Krugman

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Paul Krugman
Age: 71
Born: 1953
Born: February 28
Blogger
Columnist
Economist
Essayist
Journalist
Pundit
University Teacher
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Albany
New York
Paul Robin Krugman
Paul R Krugman
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Rigged
Benefits
Hugely
Americans
Hysteria
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Anyone
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Wealthy

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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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If you want to understand opposition to climate action, follow the money.
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Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often painful.
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Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933.
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